$MOMO is a runner today, I watched ran premarket around $12.75. I don't like to buy anything premarket unless it's very attractive, I mean good setup with good risk / reward ratio. This ticker just inching up until 1PM and take a dive after that consolidation around $16ish. I start in short $15.83 risk the $15.90ish support break as the line below. I let it run up around $16.00 or so but didn't come back down so I cut it off because it's a 1st day so I am considering this could run for another day.. I'll revisit tomorrow for better short entry on parabolic or fail $15.90ish.
$VRX had a good run today as market open, I am waiting for a short entry. As I saw the high, and few big red candle. I start in short $33.27 and plan to scale up to $33.92ish but it didn't get any good panic like other day so I am considering cut it off at $33.70 and looking at $SPY is uptrend all day..
Today is a losing day for me with risk management. Don't let the wrong trade take you for a ride. I am still practice on cutting it off if set up fail. Still learning every day here.
Enjoy the night and see you back tomorrow.
JP
No comments:
Post a Comment