$AEZS I miss the market open move at 9:30. I scan this one around 10:30am and my plan is if it's fail premarket high at the line $3.32, I took a starter short position at $3.29 because I saw the drop candle below $3.32. The goal is to cover around $3.10 or $3.00. I know this ticker already run it course in the morning and not much meat left for me. It's drop as my plan but move back up above $3.32ish and wiggle around that area a little so I just exit the trade $3.33 for $0.04 loss then it's drop after I exit the trade but still not much meat there. Remember, when you short a stock, alway put these key points on your mind. 1). Over extended chart, 2). have a plan and able to make at least $0.50 profit, 3) is it good short pattern.
$HDP. This one is an excellent trade today. I saw this ticker on finviz.com as top loser after lunch 12:30pm. It fail $12.53 support line, and I watch it keep tanking to the next level of $12.29. My plan is to short risk $12.29 and possible next risk level is $12.53. I start in short $12.17 and short some more $12.23. It's tap $12.27 then $12.25 then roll downhill. At this time I know the trade work in my favor. I cover some $11.58 at that big wash. Cover some more $11.01 and the rest at $10.70. I am happy and don't want to wait for the bottom to cover because you never know where is the bottom.... Once you profit, put a smile in your face don't mind what happen next..
When you cover, alway cover before the whole and 1/2 dollar mark. For example $11.01 or $11.49. The whole and 1/2 dollar mark can alway be the support point for rebound. So my plan is to stay ahead...
Enjoy reading and I'll see you again tomorrow.
No comments:
Post a Comment