Thursday, March 7, 2019
3/7_BPTH, ALT, GTXI
ALT-fuckery action lately. Support, VWAP and $5 mark reclaim got me think it's EOD squeezer. nope selloff. big bounce off the huge red candle got me think again it was trying to trap everyone so I longed again. nope..wrong again!!! WTF..it never stop messing your mind.
GTXI-pretty straight forward trade. Fantastic stop out before the midday parabolic action then straight sell off. I thought people dumping BPTH and chasing GTXI so I longed it.. wrong!!! longing/chasing trash even if it yields good outcome at the end, never a good trade.
Here comes the mother of black swan. picture perfectly pan out. higher low, higher low, previous resistance acts as support/base. just perfectly...but man when a stock moves from $4 to $15 premarket and it shoots up to near $30 after market open, how could I long it??!! the action is almost equal to once-in-a-lifetime type of move. However I did make $20k on it off the bounces.
The most appreciative thing is there is no locate for it. otherwise it's going to be lot more bloody. Live to fight another day! always feel thankful you could walk away with gains in the pocket and ready to strike tomorrow.
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