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.