Tuesday, March 31, 2020

3/31_VVUS, SGBX

















VVUS-a tough and frustrated one to lean on short. I did the best i could. using strength for entry and weakness to get out. the tape just doesn't tell me it's coming down.
SGBX-you don't see this morning trap then late day squeeze action often. glad I read it objectively.

Monday, March 30, 2020

3/30_PSTV
















Traded it terribly by shorting into weakness and covered into strength. although I cut loss quickly each time but with all losses added up it was quite significant. Must start enforcing "max loss/ticker" now!!! this is the one that you eat the fucking loss and walk away!!! tough one!!

Friday, March 27, 2020

3/27_TLRY, BKYI


















TLRY-much more smooth one.
BKYI-wtf is this action. chasers get buried and patient shorts got stopped out. lots of emotions and fakeout action. glad I managed it okay. recouped some early losses.

Thursday, March 26, 2020

3/26_GPMT, MITT

















Overall I did well. keeping stop tight and size managable and stopped out at $7ish on GPMT before it squeezed another $2 after my exit is golden. I went to lunch and came back and saw the momentum shift sign and got back in.
MITT-same as GPMT but less liquid and thinner.

Wednesday, March 25, 2020

3/25_ASTC


















I downsized when it held just beneath the vwap but kept 1/5 of size and covered all before it rips another $2. then great cover all at low 6s when i noticed the crack is toooo weak. then offering hit and it only went down small and still up 440% on the day that's definitely not a good sign. I will stay out of it the rest of day.

















made some late day trade originally risking $5 over/under. but much much more strength than I thought. traded it the best I could by keeping the stop tight.

Tuesday, March 24, 2020

3/24_IMAC

















Thought mania period is over, momentum is gone and we are back to pop and fade market. IMAC is difficult to trade long n short for sure. Yes I turned winner into loser but glad I kept stop tight and managed it okay.

Thursday, March 19, 2020

3/19_APRN, WTRH, BMRA


















Day 4 into food delivery business mania and TODAY IS THE DAY!!!! I definitely exhausted myself yesterday thinking day3 it got pull, it got pull. nope. the market do whatever shit they want.
BMRA-definitely not ez trade although at the end I closed it green. that vicious $14 bounce to $19 got me second guessing. got too greedy and didn't cover at that $14-15 wash but glad and lucky it worked out in the end.

Wednesday, March 18, 2020

3/18_APRN, BMRA

















traded well on both tickers but just using too much size and slippage got me killed.
Although one mistake I made was again toooo biased on APRN. should have covered all at that 2pm+pullback but only covered 2/3 and added that got me losses.

Monday, March 16, 2020

3/16_OPGN, APRN

















Roller coaster day for me.. the best thing I did was covering all before massive squeeze. although I over-traded it mid+late day. got too emotional on it!!! not worth it!!

Thursday, March 12, 2020

3/12_INO, APT


















a few changes I started making.
1)start small and only go bigger after 10am to avoid morning shitty action
2) ALWAYS cover some into panic and if get out if any sign of holding action is spotted.

Friday, March 6, 2020

3/6_INO, DRAD, SPEX, ENZ

not posting any chart today but just some thoughts of recent market. last friday we got some unwinding and profit taking in virus sector and this friday there is relative strength in the market there. All these junks not only holds but grind up. Michail is right, heading into the weekend there is probably more negative headlines into Monday. Will expect market to continue go down unless a positive catalyst and money flows from large cap to these virus stocks.
INO-when a stock trades >100m last couple days, it's no joke!!! don't even think about shorting it. rather miss it than early.
DRAD-shorts got caught, ETB and low float. it's 50/50. no trade
SPEX and ENZ will see on monday.
Changes I am going to implement going forward:
1)trade small, much smaller!!!
2)change my damned habit!!!!! Usually I put some shares when I see volume >200k shares at the open...WRONG!!!! in this market it's ez to get biased then turn it into stubborness then get smoked. Wait for the open, maybe 30min later then plan trade with set risk.
3)forget about big picture idea!! be a scalper and reduce holding period.
last but not least: YOU ONLY NEED 2 GOOD TRADES/ DAY !!!!!why taking high risk trade????
















that's some sick short trap. biased and stubborn shorts got wrecked again.