Annoying day yesterday, good news is I kept to my stops and all losses were small, but it was a death by a thousand cuts kind of day, traded $SRNE for solid profits, but then gave it all back going in and out of $TASR non stop. Today and the next few days I’m going to focus on patience. I have been rushing and impulsive lately, not sure why. My sleep this week has been very poor so I wake up on edge and trying to smash. That is not what works for me, I’m much better waiting for stocks to come to me. Perfect example is yesterday in $TASR, none of my entries were very good, I made money, then gave it back, back and forth all afternoon. Put me in a very “vengeful” mood which is never good in trading. I don’t like making 10 trades a day.
Scary low floater, almost entered late day but never got filled, thank goodness it spike hard into the close. I will be watching for a parabolic entry, but this stock scares me right now. Entry watch: $26.90-$27
Everyone is short this, good chance it dumps, but I’m not going to get stuck in the front side. I’ll wait for a hard short squeeze type entry. Entry watch: $9.50
Up pre market, like this setup, but want a spike. Entry watch: $2.70
Like this as an all day fader, will be watching spikes, or if it goes sideways all day I’ll set risk on HOD. Entry watch: $6.00
Did ok on this yesterday, shorted around 10AM yesterday and it dropped to the $7.80’s, I covered into that because I was distracted with TASR. I thought it was going to pull all day, but got lucky that I didn’t get squeezed. But I think it mostly held up because of the wacky market yesterday afternoon. Entry watch: $8.30’s
Looking to short a pop for the fade back. Entry watch: $5.10