Shared by:
Louie
General Comment/s:
-Big low floater runner (111% intraday from my entry)
-it was halted around 2.9 area. When it opened, it pulled back and ripped higher.So when 3.1 showed weakness and saw red volume bars coming in, I thoguht its a good short opportunity.
Plan: (SS)
Setup: No set up! Ding Gambler
SL: 3.1
PT: big wash or .20 profit
Final thoughts:
-Ignored SL! stock is too volatile! I think my SL is too tight for a stock like this.
-When stock went up to 3.3 I was in a lot of pain. But I refused to exit my position (DING) as its too painful. Got lucky it dropped and told myself to preserve my small account. Exited
Trade 2
Comment:
-When the stock started to crack and is now sliding down, I started to SS it.
-started to look bearish on tape.
-wanted to short it at 2.9 but I couldnt get in (I kept staying at the best offer but the shorts are just getting aggressive whacking the bids)
Plan: SS
Set up:
SL: 3 FR + WN
PT: 2.7 VWAP
Final thoughts:
-exit half at the VWAP as its holding
-all out when it started to rip higher (wanted to protect my profits.
-on hindsight I was faked out. It was a good re short opp.
oh well. =(
Execution detail:
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