HTGM - I have been following this after hours spiking pattern to see where it spikes at the open and where it doesn't. This didn't really follow the pattern that I saw over my last several trades but I needed to find out. Looking back at the chart it failed to hold highs and tested 3.25 several times which indicated it dropping at the open. Now I now for sure. I was in at 3.33 and out at 3.14 in 30 seconds. It was fast and dropped below 2.9. I was able to cut losses quickly but obviously the stock had a huge turn around. I didn't have the guts to get back in but I could've easily made back my losses. News propelled it and financials were coming out at 5pm. Then supernova. Will be watching for first red day on this one. See what happens pre-market. Scary.
PULM - Was a winning short for me yesterday. My goal the last 2 days was to short if it broke 3.75 and hold to 3.5. It did that today but I didn't cover at 3.5 to try and make up for my loss on HGTM (I've now since removed my G/L column). Waited for it to test r/g and fade again where I covered at 3.64. I need to act when I say I will and not get greedy. This is important for me so I don't get stuck in a trade needlessly for a whole day. Discipline.
Good day trading and I'm liking shorting. I figure if I can sell where I was buying on all my trades I would have the inverse of my winning % which would be good!
Join now or log in to leave a comment