What a grueling day today. Felt like the day dragged on and had to claw my way to any profits. +1428 today trading AEZS, HTGM and SRPT.
AEZS I shorted into the para. Had a great entry and even top ticked the last of my shares. I covered 1/2 near VWAP and the added a small about on the perk. I covered the rest on the pull below VWAP.
SRPT simply just a trading plan that did not work. Shorted into the second ramp with risk on HOD. It broke that risk so I covered on a pull. The positive here is that I did not panic cover. I stayed patient and covered on the bid instead of hitting the offer to get out. saved be a few hundred $’s.
HTGM was like watching paint dry. Just down right painful! You can see my entries on the chart below. The stupid thing held green all morning and afternoon. I added a few times into perks–perks caused my shorts tripping over each other to cover IMO. Despite the painfully slow trade this was I stayed patient and covered for some gains. I had to go mow the lawn after the afternoon spike to 3.60 just to stay patient on the way down! I knew it would be ugly for longs, and it was. Guess I could have stayed even more patient… my lawn wasn’t big enough!
One thing I need to get better at is adding after a para. Adding into pops for that dramatic downside. That’s where I could really add size to maximize a trade. I’ll add on the way up but struggle adding on the way down due to the negative effect it has on my average.
