Wednesday, 14 February 2018

Day 9

Plays of the day CHGG, UA, IMGN, ZN, MAT

CHGG almost gave me a heart attack. Profited from the trade but totally did not deserve it. Chased entry slightly as I felt it was weak but was alright risking a little bit more. Adjustments was part of the plan (albeit impromptu) and wasn't the problem. Problem came when I decided to forget about adjusting my position size for entry on my window to a starter size and went in full size. Took me a whole 10 minutes to realize I was in full size and almost died. Luckily for me the stock was moving the way I wanted and quickly downsized for a good profit (basically profited off a mistake). Downsizing was the right thing to do but mistakenly entering at full size was and is EXTREMELY DETRIMENTAL. Some saving grace in the fact that I was calm and responded well in terms of downsizing and adjusting my risks to minimize potential losses while making me more comfortable with having an unintentionally large size. NEVER DO THIS AGAIN.

UA entered correctly, didn't move the way I wanted and cut. Good trade overall + happy that mistake on CHGG did not cause me to make mistakes on this as well.

ZN shitbag of the day and the first low float since the past week. Not doing anything i'm interested in being part of just yet.

IMGN was expecting more out of this but just grinding and doing nothing. Gonna let it play out and see what I want to do with this if anything at all.

MAT not doing much, gonna watch for a bit more. If nothing interesting happens, move on.

*Updates* FOSL damned good fade but didn't want to be involved in such a crowded trade, should be interesting to watch for the next few days.

*Updates on Updates* ZN joke of a stock, taking a leaf out of the CEO's book and praying that this goes upwards.

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