Up and down day today, took some good gains on FNMA shorts but came out of massage to losses on TPLM and BCEI, just let them go with adds and no profit taking, looking back dumb but they both looked PERFECT at 11:30am my time and then reversal full on while phone was off. Just the way it going I guess. Overall decent day to finish it out but GENE I am holding the bag on about 1/5th so that was a stinker.
Friday is for what ever my worst day, so planning on taking it easy. Should be easy considering the market started to roll over big today esspecially in tech land.
CTIC – Took the .44-45s after hours and sold some already. Had a PR and took the chance, hit .60s crazy enough after hours…would love sub .50 snags for the long tomorrow full size.
APPY – Looking for para thru 5 and maybe into 5.50 for short. UP on air I think today and should provide a nice short.
SGY – Morning washout r/g trade.
BAS – Using .50 as guide, decent setup and will continue to look for dips provided oil agrees.
BLPH – Morning r/g move and snags for long. Look pre July move, would think if it can break into .70s likely gets $1 magnet.
GLRI – Still trending well, just need a good volume day and for oil to stay on the up and up.
FNMA – Interesting “news” today on this and got some good shorts on it. Would think if it wants 3.9x or lower I’d like to snag for a washout long.
GBSN – Until this goes sub .01 I want to keep it up, once any relief rally with volume starts on this, everyone will be on it ( i think) and it will do a move no one really see’s coming.
Thanks for sharing your losses as well, nice to know my mentors are real and human! My first day with IU today, start of my 2nd month learning to trade. Started well in the green and then pushed it, ended up red. Disappointed, frustrated but then watched another chapter video. Not sure if I’ll step back tmr, just watch or try again for the morning. Will study your charts some more tonight to learn from.