It was literally in channel trading after gap up open on a news (good ER) , with overhead resistance 1.83 but also with support 1.77, not too much upside and for downside needed a break below 1.75ish , It was not a clear over-extension like the other past trades like SFUN SFY see past few days posts. However risking very little on it is always a good thing. After the entry I saw quite a big size traded at the bid almost 200,000 shares , which normally should clear the bid and drop the bid lower. However bid went up , so it meant somebody had fishing orders put at bid to accumulate I would guess. And here it is, trading higher. I just cant go long QTM today that's just me.
PSTR hesitating to short since I just do not like the spread today
PSTR the plan tweeted here
PSTR the PLAN but bad spread stopped me from taking action here
Knowing myself I am veryemotional when something I planned did not execute because of outside factors, like the spread. So I quit for today , since I had a quite good green week.
For my record this is what happen to PSTR today.
The marked points ( the 6.00) was the line in sand for any additional short entries.
VLTC was unshortable ( no borrows) so I put it only for my record.
VLTC
HERO I was eyeballing this from yesterday, but no action for me today. It was a nice gapper after being so overextended , quite good risk reward for a day trade .
Sometimes it's ok not to trade , it gives me time to reflect more. It allows me to study what really works the best. I guess this is a big achievement for me in very positive direction. I laugh at myself when I look back, This used to be me not too long ago LOL
Salute and stay green !
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