Shared by
beno
Technical Analysis
-Shorts trapped since catalyst release 4 days ago
-Hold of YHOD (3.8) would be bullish for Monday
-Important levels are: 3.4, 3.6, 3.8 and 3.9
Catalysts / News
-Zimura met its Primary Endpoint and Reached Statistical Significance in a Phase 2b Randomized
-New CSO appointed
Original Plan / Strategy
Original plan was to scalp the washouts.
Review
Scalps turned into intraday swing trades which now I know makes me really anxious. I got lucky with the first intraday swing trade but missed an obvious add to my position. The next intraday swing at EOD was a mess and I should have gotten when the support trend line was broken.
Lessons Learned: Intraday swings make me anxious and prevent me from paying attention to other scalping opportunities. I need to stick to scalps where I can control my emotional capital better,
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-11-01 12:54:13 | ISEE | buy | $3.700 | long |
| 2019-11-01 13:40:37 | ISEE | sell | $3.770 | long |
| 2019-11-01 13:47:28 | ISEE | sell | $3.900 | 0 |
| 2019-11-01 14:40:48 | ISEE | buy | $4.070 | long |
| 2019-11-01 14:48:01 | ISEE | buy | $3.920 | long |
| 2019-11-01 15:38:04 | ISEE | buy | $3.850 | long |
| 2019-11-01 15:51:30 | ISEE | sell | $4.000 | long |
| 2019-11-01 15:57:18 | ISEE | buy | $3.710 | long |
| 2019-11-01 15:57:47 | ISEE | sell | $3.750 | 0 |
Comments
beno
This one was supposed to be scalps but I held for too long. Thanks for all the critical feedback, appreciate it.
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Noticing your trades it seems you took my advice on looking up the madsters youtube channel. However, I didn't mention a couple of things. 1) it's a very risky strategy. 2) Their is an easier strategy. If your going to implement the madaz style you need to be good at scalping. This means your in and out in less than 5min typically. I can tell you haven't gone through all the Madazz videos yet cause your buying on the back side. What are you doing buying the back side??? Stop buying the back side! I'm not saying you can't buy the back side, cause you can, but stop buying the back side until you are good at buying the front side. You're not understanding trader mentality and most likely you can't read tape well cause otherwise you would have bought at the $3.80 line at 1:40 pm and especially buying more at the 3.90 line when price was going up.
Strategy #2. An "easier" strategy. Go look look at all the tickers Madazz trades in a month. Then check where they are 1 or 2 weeks after he's watching them. Usually they are all down 50% 1 week later. If you are going to try this strategy I suggest you short only 100 shares until your entries get better. Short and hold it for a week then check your results. Do it mentally first without putting actual money down. Don't get squeezed!!!!!!!!!
This will be the last time you hear from me. I only checked you again because I suggested you check out Madazz and his style, but I didn't mention the risks involved. Now I have.
Wish you the best!