Not a great day today... first off I missed BIOC. Shorted premarket around 8:15 and loaded risk based on 4. It went up to 4.1 and washed out. After that, I was hoping for a higher push that never came. Very frustrating as I was totally short bias on the stock.
Then, we had OREX.. got late in the game and like everybody else I was hoping for a short squeeze (day 1) but nope not this time. I guess being a pig does not necessarily work every time. Lesson learned
Long Watchlist for tomorrow.. I will only be trading the one that sticks to the plan below.
NES will get long if it breaks above previous res on vol at the open
ADXS only if it gaps down and break premarket high on volume. Ideally, we see it push through 11 then short for fade
OREX gap up, para at the open and short. I'll be looking for a similar fade tomorrow through the day OR gap down, wash out set lower lows and red to green type of move for ramp.
XON washout red to green ramp. I'll watch ZIOP as well (sympathy play)
JRJC former runner wants higher. Will look for .5 break on vol only
PMC ideally gap up ramp at the open for a nice parabolic short
Happy trading folks. As for myself, I will be focus on consistency, patience and entries. Not forcing any trade after today
Then, we had OREX.. got late in the game and like everybody else I was hoping for a short squeeze (day 1) but nope not this time. I guess being a pig does not necessarily work every time. Lesson learned
Long Watchlist for tomorrow.. I will only be trading the one that sticks to the plan below.
NES will get long if it breaks above previous res on vol at the open
ADXS only if it gaps down and break premarket high on volume. Ideally, we see it push through 11 then short for fade
OREX gap up, para at the open and short. I'll be looking for a similar fade tomorrow through the day OR gap down, wash out set lower lows and red to green type of move for ramp.
XON washout red to green ramp. I'll watch ZIOP as well (sympathy play)
JRJC former runner wants higher. Will look for .5 break on vol only
PMC ideally gap up ramp at the open for a nice parabolic short
Happy trading folks. As for myself, I will be focus on consistency, patience and entries. Not forcing any trade after today
