$NXTTF: was still short on a stock that was holding the uptrend with the bottom that it had set in
Very bad entry in the 2.05 because of its holding that trend very well. Should go long instead of holding a short.
When the stock is holding and the level 2 is incrementing in the bid, you should get long. Big
Covered into the lift of the tide and the stock was starting to move in our direction should have gotten bigger when we knew that this will happen because of the risk that we knew. Couldn't really get comfortable because weed was down, and citron said that they are short the stock.
The stocks start to go down and you get scared and start thinking of selling instead of reacting to the price action with your plan in mind. Volume was coming in with the buys in the 2.09 and the stock was holding the 2.06.
Volume coming in from the 2.06 to the 2.12 should look to move higher at least to the 2.20s that we mentioned
NO reason to sell volume was the same, no clear reason on the level 2, it even goes up when you get out. Have to take into consideration that the level 2 was manipulated in showing that the stock was going to fall to trap the shorts. 2.13 holding well with bidders stepping up and the tape not falling behind we are all out but should take this into consideration. The stock ended at 2.16 could have sold at the 2.20 as we talked about. It was a scalp because the stock was down and we were trying to
Stock Information
Float
Shares
Pattern/Price 1-20
Risk/ Reward 1-20
Ease of entry 1-10
Past performance 1-10
At what time of day1-10
Reason Catalyst 1-20
Environment Market1-10
Checks evaluating the Position
1) Corresponding Futures
2) Inside Market/Box
3) Held Bid
4) Unusual Hold on the Bid
5) Prints
6) The pattern of the stock
7) Catalyst
8) Trading bias
9) Intraday level
10) Big Buyer
11) You trade the stock well
12) Specialist treats our orders fairly
13) Risk versus reward is favorable
14) The stock has potential to explode
15) Can’t get hit on the bid
16) Stocks in the sector are strong
17) Breaking News
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-09-14 12:36:10 | NXTTF | sell | $2.090 | short |
2018-09-14 12:41:13 | NXTTF | sell | $2.110 | short |
2018-09-14 12:46:22 | NXTTF | buy | $2.120 | 0 |
2018-09-14 12:53:12 | NXTTF | sell | $2.010 | short |
2018-09-14 12:53:15 | NXTTF | sell | $2.010 | short |
2018-09-14 13:03:25 | NXTTF | buy | $2.040 | short |
2018-09-14 13:11:53 | NXTTF | sell | $2.000 | short |
2018-09-14 13:12:39 | NXTTF | buy | $2.000 | short |
2018-09-14 13:13:03 | NXTTF | buy | $1.980 | 0 |
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