Same pattern on ABIL on 6/08 - 6/09
Same pattern on GLYC on 5/25 - 5/26
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Avoidable, yes, but at least you cut your losses quickly. That's rule #1.
Did you wake up for the market open or after?
@dailyzen I stay awake all night, study and make watchlist so Im prepared at market open.
Damn, #savage
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@garthvader hey saw your comments in chat. i would like some examples please. wouldn't let me private message in chat
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.
@garthvader what do you mean by S5 Leg x?
@april4 Please be more specific on which chart or where I said that.
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