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
outstanding prep and execution....balls of steel.
ReplyDeleteso fucking inspiring!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! followed you awhile through nate. congrats and thanks!
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