Entry comments: buy bc of breakout of the days high
Exit comments: sold bc it was consolidating and treading down Good: cut loses quickly Work: 1. I was over trading and wanted to be in the play and moment. 2. I did not do any research. 3. I bought after many spikes of the day and in time was wrong time to buy- in midday.
Up into resistance with no clear catalyst wanted to short FRD but no borrow. I shorted day 2 got squeezed a bit but waited a day it looked like it needed more downside I covered when it got perky left 100 on the table but im out with a small gain.
Up 2 days now over 1$ on no news right into multi-month resistance. Started to fade off its highs I thought it'll tank in the close. I bet I'm just early looks like it'll gap down but I'm not risking over the weekend.
Seemed undervalued compared to similar lenders QD, and $TREE + it didn’t have option trading available which led me to think greater volatility. Despite my hypothesis the Chinese tightening their regulation on micro lending practices has this in a really bearish trend. I am re allocating this 400usd into a SING swing long.
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