π― FOMO π―
Today I have seen at least a dozen of good trades on $BXRX in the room but I want to share 2 that even if were winners, werenβt correct.
I alerted short $4.45 risk 4.50 for a small profit and once we saw bulls in control holding 9ema cut be, short 4.77 risking 4.85.
Today I have seen at least a dozen of good trades on $BXRX in the room but I want to share 2 that even if were winners, werenβt correct.
I alerted short $4.45 risk 4.50 for a small profit and once we saw bulls in control holding 9ema cut be, short 4.77 risking 4.85.
2) just like $XPON $HTGM $LUCY and many others, gap and extension plays also called pop and fails has validity to work only once bulls are trapped on a fakeout move. This is the reason why traders have to be patient and if front run short, take breakeven cuts with feeler size.
3) alerted 2 shorts.
At open 4.45 for for 10c win then breakeven and short 4.77 with risk 4.85 and target all day fade.
All this was recorded going over tape reading and exact moment to take the fills. How to do this, how to know what a stock is going to possibly do?
At open 4.45 for for 10c win then breakeven and short 4.77 with risk 4.85 and target all day fade.
All this was recorded going over tape reading and exact moment to take the fills. How to do this, how to know what a stock is going to possibly do?
4) backtesting, looking at this scenario 1000 times in the last years, understanding price action and order low reading. At this point while $BXRX was fading I called out and explained to hold majority of position and to not cover entirely as @miaAFAIK will confirm -)
5) the point by stats is that if a stock holds below open by 10am we have 80% that it will unwind all the way down to one of our moving averages. This means patience and learn to grow your profit ratio. Now the facts
6)
1) have patience to wait for the daily or intraday level
2) wait to see tape slows down and finds a level of liquidity on ask to risk
3) analyze spoofing, soaking, stuffing to spot timing of entry
4) pull the trigger now and breathe
5) hold majority of code #smallcaps
1) have patience to wait for the daily or intraday level
2) wait to see tape slows down and finds a level of liquidity on ask to risk
3) analyze spoofing, soaking, stuffing to spot timing of entry
4) pull the trigger now and breathe
5) hold majority of code #smallcaps
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