Today was a typical day when nothing worked ( or I was not functioning ?!?) and days like today are the reason why not everybody is trying to be a trader.
NGLS traded on think air, no volume, very bad spread, very hard to trade, but I will be watching it tomorrow again. Something is just not right how this stock on nearly half of its average volume kept moving up and up.
I kept fighting it and almost broke even at some point but having such bad spread and low volume I could not take it any more.
The plan was very clear in my mind as explained in the previous post click here. However nothing works every time, and that is why the market exist, or there will be no market.
One thing to note is that markets were all day in green, and shorting is more difficult. However on stocks like NGLS running 4 days up 30% I do not lean on the markets too much anyways. The stock had a big run having in mind its market cap of 2.5 billion, and in my opinion I would not dare to go long at today's levels after such rally from $9 to to $13 in 4 days. More often I lose then make any gains going long in such scenario. So I do not have regrets.
My name @DaChopa comes from being chopped out so badly for many years by the markets. I just share my experience real time to save sheep from being taken to the slaughter house.Do not copy my trade alerts.Just watch me trade live and understand the concept. Play small if you are new, very very small just to be in the game long enough to learn it. The only way to learn it is to stay in the gladiator arena long enough.You are entering a losing game before you plan to have any steady profits.
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