- NO MORE SHORTING RANDOM MIDDAY SPIKES UNLESS:
- THEY'RE NEWSLETTER ALERTS ($RIBT)
- STOCK IS UP 25%+ (NOT 10% LIKE $DRYS)
- TRIED THIS EXTENSIVELY ENOUGH TO PROVE IT'S NOT A FAVOURABLE TRADE TO TAKE
- IF I'M WRONG AND IT MAKES NHOD IT'S LIKE TO SPIKE MUCH HIGHER AND I AM NOT ABLE TO STOP OUT FOR A PENNY ($ICLD, $OXBT)
- FOR THE MILLIONTH TIME NO MORE RANDOMLY SHORTING R/G!!! ($CCRN = RANDOMLY, $IDIX I HAD A REASON)
- BACK TO IDEAL SETUPS ONLY - GONE A BIT MAD TODAY; TWO PREVIOUS SESSION MADE ONLY A HANDFUL OF TRADES AND WAS UP NICELY, TODAY MADE A CRAP LOAD OF TRADES AND ENDED FAR WORSE OFF
What an awful day - made so many mistakes most out of boredom and not waiting for the best setups. Need to scale back and wait for the right setups.
Longs: 1/2 -$3
$IFON went long when it quickly dropped from 1.90 to 1.70; in 1.75 out 1/4 1.82 rest around 1.80 for $50
$IDRA why i hate to long : -$53
Faders: 2/3 -$40
$NM I knew it wasnt really a fader yet went for it -$50
$ARNA seemed a bit fadey under 6; 6 risk 5.85-90 target b/e
$BITA seemed fadey with a break under 31.25 could send it to 31 +$10 it went all over the place was luckly to get something out of it
Grinders: 1/2 -$40
$ICLD looked like it was ABCDing; in at 12.45 with 13 target ... sold 12.79 +$30 this isnt for me, the spread was too wide and i just wanted to book gains; well, it did reach 13 rather straightforwardly too; that spike actually hit 13.25
Shorts: 6/18 -$500
$SPCB am parabolic move - shorted 4.75 trying to make 10c up $36
$EROC same in at 6.68 trying to make 10c out for $27
$CCRN eh, tried the r/g again with tight stop ended up adding under 10- if it pushes over 10 might stop out; indeed stopped out for -$30
$IDIX chased the g/r when it was down 1.5% - thinking it can go much lower, trying to get 20c; WOW what a trade ... I shorted 6.70s and added high 6.60s - was up for a bit and then it went against me big; i fought it and averaged up; took $150 loss at 6.90, then added more 6.95; was down $400 at one point but felt i knew what i was doing; it then dropped quickly after breaching that 6.88 level to 6.83; I didnt cover any and it went back up over 6.88 to 6.93; decided to remain patient with it; it came back down to 6.82 where i covered half and rest at 6.70s; ended with +$130 instead of taking it i let it get away from me again, and again i fought it and this time i lost. over all down $100 on $IDIX
$DRYS shorted the big spike 4.50 with 4.55 (hod) risk and 4.41 target -$31 stopped out
$INO -$10 shorted midday spike
$IFON midday spike - this one has a serious spike, up 35%; shorted 1.57 with 160 risk, covered half 1.51 half 1.46 for +$40
$IFON again, at 1.45ish, looked like it was heading lower - covered 1.55, 160 -$250;
$EROC under 6.50 as I mentioned in the watchlist - 6.50 is a key level on the daily; gave back $27 which is pretty annoying as it dropped to 6.35 shortly thereafter
$EGLE big move on the daily from 3 to 4; hod of 4.03 shorted over/under 4 at 3.99 with nhod risk 3.91 target b/e
$ICLD on big spike; 12.25 risk under 12 target -$93 stopped out
$ELGE is it about to drop? -> yes, yes it is
$TPCS otc that had doubled past few sessions. in 1.22 with 1.25 risk and 1.10 target b/e
$DRYS looks a bit like ABCD but also like $EGLE before it dropped; was ABCDing... not EGLEing; down another $40 on $DRYS
$OXBT 5.20 risk in at 5.15 5 target; unfortunately when it made new hod it spiked past 5.30; -$174 good lesson to NOT short random spikes especially not in something like $OXBT
$INO lower highs however r/r not great
Lower highs are irrelevant -$130
$BISN shorted a few days ago at .98, covered .84 for $140
$NM not perfect in 11.20 risk 11.30 target 10.90; blarg took $25 after being up $80
$RIBT newsletter alert - not ideal it hasnt much time to fade... (it's 10 minutes before the close) in 5.37 looking to make 10-20c +$100
$EROC same in at 6.68 trying to make 10c out for $27
$CCRN eh, tried the r/g again with tight stop ended up adding under 10- if it pushes over 10 might stop out; indeed stopped out for -$30
$IDIX chased the g/r when it was down 1.5% - thinking it can go much lower, trying to get 20c; WOW what a trade ... I shorted 6.70s and added high 6.60s - was up for a bit and then it went against me big; i fought it and averaged up; took $150 loss at 6.90, then added more 6.95; was down $400 at one point but felt i knew what i was doing; it then dropped quickly after breaching that 6.88 level to 6.83; I didnt cover any and it went back up over 6.88 to 6.93; decided to remain patient with it; it came back down to 6.82 where i covered half and rest at 6.70s; ended with +$130 instead of taking it i let it get away from me again, and again i fought it and this time i lost. over all down $100 on $IDIX
$DRYS shorted the big spike 4.50 with 4.55 (hod) risk and 4.41 target -$31 stopped out
$INO -$10 shorted midday spike
$IFON midday spike - this one has a serious spike, up 35%; shorted 1.57 with 160 risk, covered half 1.51 half 1.46 for +$40
$IFON again, at 1.45ish, looked like it was heading lower - covered 1.55, 160 -$250;
$EROC under 6.50 as I mentioned in the watchlist - 6.50 is a key level on the daily; gave back $27 which is pretty annoying as it dropped to 6.35 shortly thereafter
$EGLE big move on the daily from 3 to 4; hod of 4.03 shorted over/under 4 at 3.99 with nhod risk 3.91 target b/e
$ICLD on big spike; 12.25 risk under 12 target -$93 stopped out
$ELGE is it about to drop? -> yes, yes it is
$DRYS looks a bit like ABCD but also like $EGLE before it dropped; was ABCDing... not EGLEing; down another $40 on $DRYS
$OXBT 5.20 risk in at 5.15 5 target; unfortunately when it made new hod it spiked past 5.30; -$174 good lesson to NOT short random spikes especially not in something like $OXBT
$INO lower highs however r/r not great
Lower highs are irrelevant -$130
$NM not perfect in 11.20 risk 11.30 target 10.90; blarg took $25 after being up $80
$RIBT newsletter alert - not ideal it hasnt much time to fade... (it's 10 minutes before the close) in 5.37 looking to make 10-20c +$100
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