This past weekend I thought about this $PLUG chart. They kept saving it. The news, upgrade and more news. It topped out at $5.25 during the first ramp. Second Ramp it rejected the 5 level. So both near b/o levels at 5 rejected. Then we got a $5 close Friday on T530 alert. Friday I was being stupid and traded poorly so took the day off and missed initial alert. Over the weekend I thought a lot of this trade come Monday. I wanted to long huge size and nail. My thought process was this, they saved PLUG 3 times from falling apart and I felt they wanted another short squeeze run and that's exactly what happened.
Here is my proof, a text to Tim aka (Atumnalcity) Mod in swing room.
I took 10k gapper ah on Friday at $5.1 and idea was build into winner, but by the open today I was staring at a mess. I was long 40k shares at .15 ave and dipped to 5.06 I believe. I reduced my size dramatically. I panicked, thought 5 break was coming. I left 10k on, then when it ramped back and 1min candle of 1.2million shares hit. I reloaded full size 80k shares.
I hit the top sells on the first ramp and reloaded dips and started selling a bit to early, but profit taking is paramount to trading success. Their was some emotional trading involved today, I do admit that. The emotional trading came due to size. This chart should tell you what I saw in this trade. I was ready, prepared, and most importantly ready to cut losses if my plan didn't work.
This was first lock in's.
I added then reduced on the way up. Nate said I've been getting better at longs. I think this is where my strength is at the moment.
Thanks for reading,
DerrickJL
