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.

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