April 8th MDR SFUN CWST tough shorting but green day is good

SFUN longs from the 6s may be taking profits,  is the idea for shorting.
First time I got stopped 7.49 to 7.55  upon pure MM manipulation to create a squeeze so longs can unload above 7.50. Over 500,000 shares were traded in that squeeze, and the volume spike may indicate the top is in place. So I am giving it a second try short 7.51 risking high of day. I can hardly believe this can go much higher before it has few days of consolidation around 7.50, and it is due for a pull back before it goes higher. I could be dead wrong so I  know my risk HOD. Looking to gain 20 cents or more that depends. This is only a  day trade.

                                                   SFUN  second short entry 7.51

Second short from 7.51 I covered with 14 cents gain at 7.37, and I did third short 7.48 anticipating crack below 7.35. It  traded very tough, like pulling a teeth sorta say. Stubborn longs just kept holding it.

                                   SFUN the third short 7.48 to 7.39 for 9 cents gain


MDR the short 4.74 had defined risk  vs reward , even draw the target line, but did not have the fishing order in place so covered 4.62  ( 12 cents gain) little too late but not bad considering it turned all around and went up for the day. This was a risky short trade based on double intraday tops, with weak open  ( quite scary for me ). I really wanted it to go above PDH ( prev day high) in order to short it.

MDR the short 4.74 

MDR the cover 4.62

CWST 

I had this on a watch but was so hesitant to short it since the volume was very low. But hey , when volume is low and if I am wrong how will I cover ??? But low volume also  that means there is no fuel to go higher. My buddy killed it , shorting it from 6.24 and covering below 6.10. He finally started reading my journal ( I originally started writing it for him, actually was tons of emails to him that I figure I  could  publish one and so it goes /  see my first post ) Eghhh just did not have the guts to do it. Trading is far from easy. But beats a clock in job most of the times. 

                                                                              CWST 

Today was mentally very hard for me. That SFUN fieww !! When I know the idea is right and trying to do right timing with tons of patience aint easy at all ..Wander how the option traders did today. I think it was a day for the writers of options not for the buyers...

Stay Green !!!