Midday review: Not trading today but here are my thoughts:
CERC, showed solid morning consolidation before 11:30 spike. No apparent catalyst.
PZRX was the big runner this morning. I was 1 day early per yesterdays slow/painful then fast downturn after consolidation. This chain of events has driven home the point of finding the catalyst necessary to enter a trade (There HAS to be a reason to go long) but getting out if it’s not going 100% according to plan. I'll be looking out for these failed midday spikers to recover losses the next morning from now on (provided they fit my other criteria.)
Speculation and hope are not strategies!
Posted Nov 29, 17 11:51 AMbymaloneyjay1
Received 1 Karma
Good thinking, I was short PZRX 11/28 @ 1.16 when it failed to hold the uptrend, keep adapting :)
Thanks man!
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