5/21_FFIE, CTNT, GTBP, SWIN

haven't traded for 2 days because got lots of housework to do. Going to take a lil break until see good opportunities with good r/r. 

FFIE- timing is off and I hate center point for increasing margin requirement on shorting it. Was initially shorting 50k shares and got stopped out near the top and wanted to reshort but they only allowed me for 18k shares WTF...then got things to do and left for the day and it dropped a lot. 

CTNT-insane after market and premarket squeeze and drop action. the key lesson is when you think it should reject but keeps holding that's a big red flag. Run!!!! don't walk!!! wait for higher to re hit. this one can really breaks your account. 

SWIN-another pnd. when is gonna be the liquidation day?

5/17_FFIE

 

extremely crowded stock. Everyone is short biased and it's hold above VWAP after morning panic. No reason to stay short. the fact it's up too much make me too biased and hesitated to cut. 

5/15_AWIN, GME

 

Awin-when algo pick to run a turd it goes further than you think. Don't try to pick the top. Forget about the resistance on the chart. forget about the thickness on lvl2. let the chart forms and clear sell off action then hit the pop with set risk. this one is tricky on the secondary push and I got in bit too early. 

5/14_GME, AMC

 

GME-too biased and got in p/m and thinking it's high enough and due to the pullback. classic short seller's mistake. Turns out if I waited to short at open it would be stress free. AMC waited and it turns out ez trade. Gme could have avoided the frontside squeeze and Im on mobile which makes the risk management even harder

5/10_NVAX

 

trading a high liquidity and choppy stock while doing something else is very difficult. endlessly stopping out before got back in and finally nailed the panic. Very frustrated but glad I didn't quit and kept fighting. This time worked out but definitely not gonna do it again. It takes a huge mental toll. 

5/9_MULN, CPOP

 

Saw MULN daily chart yesterday and got excited today and decided to buy breakout. didn't work and I waited too long to cut. Must set a stop in the place and let the stop do the rest of work. 

5/7_MTC, GSUN, NUZE, VINO

 we are in pop and die market. Yes there are chasers but they take profit very soon. None of these stocks hold above VWAP. Im thinking the small cap land will stay this way until one ETB low float trappy stock caught people off guard. Will be mostly short biased until then but cautious not to make the mistake by shorting too early. Let the chart and levels form before step in. 

5/6_SGE, XBP

 

This mother fucker is annoyed but I feel I must take the position. don't want to miss out when bids pull. Set a stop, leave and see what happens. 

5/3_BENF, SGBX, AWIN, MNDR

 

The problem of short selling small cap is one loser can wipe out 10 good trades. Must start re-evaluate the risk management system. Is it worth it to take the trade? SGBX good long and BENF is sympathy play so I thought momentum is much short lived but it keep going. Market makers know short sellers' mind!!!!!!!!!  just avoid secondary move entirely! not worth it!

Reg Sho and margin requirement enacted on BENF so I ended up only shorting 2500 shares late day and caught $2/share in the end. Still bad trade to begin with. FOMO got me. early stage of momentum stock. Rather miss than early. again not worth the risk. it could have gone to 20+ who knows. Won't do it again. 

Starting today will back on journaling and reviewing trades each day. Will focus on morning action and set a stop for the afternoon and scanning. Will trade lightly during summer but if momentum is there I will go heavy on play of the day. 

what a trappy action when you think about it deeply. Wednesday 's v shape bounce got shorts fucked badly and 2 days later the real liquidation comes and yes in hindsight $25 is the resistance lvl. 

AWIN is the 3rd momentum player of the day and the run is much shorter and it sells off straight down with very little volume. 

it's always the same trick. Always. Blow up shorts big then pull the bids. 

Remember the sign is always there! Like putting puzzle pieces together you just gotta find them and put them in the right places. 

5/1_SMCI

 

came into the office at 925am and unprepared and just made some random trades and donated $$ stupid. I knew this is not the right thing to do but FOMO got me. Had a chance to get out without much damage but kept waiting instead of downsizing.