Tuesday, October 9, 2018
10/9_PYX
frustrated one!!! didn't pan out like I wanted and finally it looked like straight down and getting towards the support but $45 holds and that's a big red flag to me as short seller.
Could have stopped out the first short earlier but didn't. Then should have taken profit more for 2nd short but did only covered tiny and finally it's downtrending I still left 2/3 on.
Lots of divergence, no thanks!
Monday, October 8, 2018
10/8_ALT, CLDC
ALT-lucky money;
CLDC- tough one!!! looks lots of shorts got trapped but not enough to initiate the squeeze. choppy action!!! better to avoid!
Friday, October 5, 2018
10/5_GTXI, VTVT, NBEV
GTXI- turn out the chasers' target but as day goes by the momentum turn faster. got piece of it but didn't size up enough.
NBEV-the mother of choppers!!!! but picture perfect double bottom on a crowded name. no thanks!
VTVT-nailed short then reshort bounce but stopped out. ez money is over!!
Thursday, October 4, 2018
10/4_IGC, IZEA, NBEV, SNOA, VXRT
Frustrated day... down $20k in the morning and yes the result is good BUT I could have chosen easier play to trade!!!! Remember trading is about choice, it's not about your ability!!
VXRT is another case that I was right but timing is wrong and ended up loss. just like VTVT yesterday!!!! I was basically in tooo early tooo big due to FOMO and got squeezed. But perfect read lately saw $7.10 resistance then algo flashed bids at $6.30s to prop it but didn't work so I used that area as an add!!! work out greatly!!
IZEA-stronger than everyone thought. choppy runner in the past and rehash news today make every shorts biased. At09 ate $50k shit on it. I basically traded it around the core, I went in and out and in and out, kept position there while continue reassess the price action. Once I saw the trend change and bids gone I went full size. Good overall.
Today I was right!! I know there will be lots of biotech chasers but I didn't think there are that many! Patience is the key!!!
Wednesday, October 3, 2018
10/3_VTVT
Crowded+manipulation+algo=headache!!!!!!
2 things I did right: 1)stopped out my entire short position when $4 holds with consistent volume.
2)flipped long again late day anticipating squeeze but lack of buying and time stop triggered so smacked the bids, then it collapsed and never looked back.
However I got myself into big trouble because the fact I felt I had good read on it, I got toooo confident, I located 20k shares and didn't want to miss it so ended up sizing in tooooo early toooo big and didn't respect the grinding action. Down $20k at one point!!!!!! unacceptable!!!!
Live to fight another day!!!!
This is definitely not ez one!!! maybe the best is to avoid it!
Tuesday, October 2, 2018
10/2_IGC, OGEN, VTVT, LEVB
Proud of myself!!! superior risk management skills!!!!! trading shouldn't be hard, you made a plan and stick to it!! I had 30k shares short and that's pretty sizable but I managed to trade it well!!!! then late day fade and thinking it's over but nope they saved it..fine I got out!! full detachment to pnl!!!
OGEN-another trap again!!!! I thought money flow from IGC to it so I said to myself fuck it Im out and perhaps that's the best thing I did to it because if I didn't I don't know if I have the courage to get out at $2.60ish...thinking flipped long but man im not comfortable doing it. ideally gap up and push tomorrow for bigger trade.
Monday, October 1, 2018
Subscribe to:
Posts (Atom)