TWTR, had a 2-part plan, first part didn't work completely, cut for small loss, good trade overall. On hindsight review could've done much better. Upward move was not at all unexpected to me, was looking at 2 levels for entry on potential short exhaustion, 1 didn't work and 1 did but main point was that I didn't adhere to my plan completely. Definitely need to improve on big picture view of how the trade is playing out relative to my plans. Also, more reviews to be made on the difference support and resistances have on large/mid cap stocks as compared to small caps.
MAT, had a plan, worked exceptionally well, decided to focus on a dollar value profit again instead of playing off the chart, allowed the price action to reverse against me more than I would have if I were playing off the chart. Some saving grace in the fact that I cut before it reversed even more but could work more on trading the play rather than off P/L.
QNST, didn't want to be early on this as I couldn't really find a stand to approach this trade on so settled for a 12 b/d play. So far grinding about 12 and not doing much. Kinda meh about looking at this, might not be interested anymore.
EBAY, was hoping for parabolic towards 45/45.5 for entry with 44 crack as confirmation move downwards but ended up peaking below prev close and kinda fading away. Playing around 44 looking weak so far, in currently for 44 b/d play. Got scared out with minor grind possibly due to MAT play + FOMO entry to a certain extent. Entry was at 44 exact b/d level which was not at all the level I was looking at to play off for 44 b/d and once again play worked out right after I closed. Another area to review, being patient on entries at the exact levels that i'm looking at, not chasing due to FOMO and being alright on missing initial entries.
BSPM, shit company that got me squeezed last Friday. Meh on this unless parabolic towards 6. A stretch but shitty price action on a shitty stock kinda balances it out right?
*Updates* QNST did what I wanted but took the whole day to do it. Meh. BSPM trash stock didn't hit stretch level I was looking for but moved according to logical levels today? Faded no longer interested. Lesson learnt, move on. EBAY what a MASSIVE fader, cracked 44 faded more than a dollar half (1.60 to be exact) big picture play got messed up due to my slight misplay on MAT. Damn missed the payout twice on this stock.
*Updates* QNST did what I wanted but took the whole day to do it. Meh. BSPM trash stock didn't hit stretch level I was looking for but moved according to logical levels today? Faded no longer interested. Lesson learnt, move on. EBAY what a MASSIVE fader, cracked 44 faded more than a dollar half (1.60 to be exact) big picture play got messed up due to my slight misplay on MAT. Damn missed the payout twice on this stock.
No comments:
Post a Comment