Idea was to see a morning spike. Got that and Plan was to short into a lower high. At 4.18 looked like a stuff on level 2. Entry 8,000 shares 4.15. Risk HOD 4.20. Immediate fading very stress free. Started locking in gains on the big red candles on the way down to take away some of the emotions. It was easy to sit through the bounce after realizing some gains. Thought about adding into the bounce but decided to just be patient with the shares that he had. Covered some more into g/r 3.50 level. E
xit the rest in the 3.20s avg 3.41 covers $5900 gain. Started looking for a bounce in the 3s. Got down to 3.13 Entered long 5,000 shares 3.22. Exit 3.32 almost $500. Indicators for shorting frontside: no catalyst, a lot of chat room pumping, 3rd green day, running last week and a half, gap up and spike.
$DRYS volatility! In at 1.89, out at 2.01, small position gained $160. Back in with a larger position at 2.11 (too high, bad timing on my market order) and looking for another break out to sell again.
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Being Disciplined Pays Off!! Be willing to Cut and Attack latter! Thanks Roland!
Idea was to see a morning spike. Got that and Plan was to short into a lower high. At 4.18 looked like a stuff on level 2. Entry 8,000 shares 4.15. Risk HOD 4.20. Immediate fading very stress free. Started locking in gains on the big red candles on the way down to take away some of the emotions. It was easy to sit through the bounce after realizing some gains. Thought about adding into the bounce but decided to just be patient with the shares that he had. Covered some more into g/r 3.50 level. E
xit the rest in the 3.20s avg 3.41 covers $5900 gain. Started looking for a bounce in the 3s. Got down to 3.13 Entered long 5,000 shares 3.22. Exit 3.32 almost $500. Indicators for shorting frontside: no catalyst, a lot of chat room pumping, 3rd green day, running last week and a half, gap up and spike.
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