garthvader

Still don't know how to verify profits, But Shorting at the end of the day on a huge failed L3 leg 1 mid day breakout always leads to a morning panic the next day. Longs bailed hard. Only caught a little piece of the panic.

garthvader
garthvader Jun 13, 17 1:28 AM

Same pattern on ABIL on 6/08 - 6/09

garthvader
garthvader Jun 13, 17 7:22 AM

Same pattern on GLYC on 5/25 - 5/26

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garthvader

Traded mid day during the squeeze/choppy session and broke my rules. I deserve criticism. Soo avoidable its funny, but yet soo stubborn.

Baron615
Baron615 Jun 01, 17 1:21 PM

Avoidable, yes, but at least you cut your losses quickly. That's rule #1.

dailyzen
dailyzen Jun 01, 17 1:47 PM

Did you wake up for the market open or after?

garthvader
garthvader Jun 01, 17 4:38 PM

@dailyzen I stay awake all night, study and make watchlist so Im prepared at market open.

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garthvader

Friday Stats. Total Trades = 7 Green = 4 Win% = 57 Total Real Setups = Only 2 (GLYC: S5 leg 2 - S6 and CAMT: S5 leg 2, G/R) Lessons : 1) Avoid shitty setups that don't fit my criteria (GLYC Leg 2 after mid day bounce, MNKD Multiday breakout chart dips going to hold, CYTR failed breakout, NIHD shitty/choppy spike with support in the 0.90's). 2) Stop shorting into weakness and going too big too soon (GLYC) on non play and averaging up into bounce once we are getting squeezed. Must avoid that first large entry into weakness, Only short if bounce spikes into resistance with clear risk. I was looking at all of these setups on the short side, didn't consider any long. I don't like shorting any of the following if they have any of these indicators listed above. Looking for very specific criteria when going short.

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garthvader

Wednesday Stats. Total Trades = 6 Green = 4 Win% = 66.66% Total Real Setups = 3 Lessons : Don't short into weakness and Don't short non plays.

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