lombardo141
1
lombardo141 May 23, 17 4:28 PM

Why the down face ? losses are part of the game and you will have many more losses to come. The question should be what did you learn from the trade? IMO SPWH double topped at 5.94-6.00 twice and got rejected. That was a potential short. I myself shorted it at 5.67 g/r action but it moved too slow for me so i just exited break even.

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BigBobby
BigBobby May 18, 17 6:55 PM

yeah SORL was weird. It had 2 red days, but it still had a ways to drop down. Unexpectedly, the thing has a strong green day. I'm betting it will drop again, because this is irregular movement, but Im not playing it anymore

Scott_nowrealtrader
Scott_nowrealtrader May 18, 17 7:02 PM

@BigBobby don't underestimate earnings winners they can continue to run after a couple days of consolidation

BigBobby
BigBobby May 18, 17 9:04 PM

@Scott_PaperTrader_legit Never will again Scott

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lombardo141
lombardo141 May 18, 17 5:40 PM

Yep welcome to world of Pain and Greed. Stick to one or two trades per day. Spend most of the time watching and find runners that other traders are watching. SORL and GLYC where the only plays today in my opinion. A little higher priced but if played correctly itcould grow your account. Good luck

The_Soup_Dragon
The_Soup_Dragon May 18, 17 7:51 PM

Thank you, have been trading options for years and have had 6 months trading futures (S&P ES/) but the leverage was killing me when I went through a poor phase. Pennies appears similar but can help with this smaller trading account.

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