Friday, May 31, 2019
5/31_ELTK, SBOT, DMPI
trading very cautiously today. nothing wrong to use size just have to be aware of it, respect the price action, prevent add add add and stop out where needs to be.
SBOT-nice exit and went to Neil's office, $1.ish stock with stacking bids and asks is not the one you want fuck with.
ELTK-slow steady bleeding. just not so sure of it so took it off.
DMPI-late day opportunity. knowing it will close near the lower tier of the range, but it moves way further than I thought. near the HOD I was down $15k. unacceptable! in this market, you have to have to watch the size and give yourself massive extra bullet for shot.
but on the good side looks like the momo is gone and we are back to rational pop and fade market. Next monday and tuesday there will still be chasers for sure but towards the end of it should market the begining of the normal rational market.
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