Should have had a $200+ day today, but I made some rookie mistakes. I started out trying to short $SGYP and I was too early. I should of been more patient with it and let it break the 6.05 low and then make a new lower high from there, which didnt happen. So the setup wasnt there and I should have stayed away completely since Im only trying to focus on short plays for now.
Had a nice little gain on $AMCN. I kind of chased this, but lucked out and exited with a decent profit.
$JUNO should have been the only ticker I played. Its "lockup" period ended today which means company insiders were no longer restricted from selling their shares so a sell off was expected, but of course I didnt keep an eye on it at the open and missed some good opportunities. It setup nicely with resistance at 54.49, then resistance at 53.03 on the next breakdown, and 52.69 on the last breakdown. I should of been a little more patient with my third round of short shares I had at 53.94 because I got out right before the breakdown of that 53.72 support level and missed the quick washout. The loss from $SGYP really got me in a "play it safe" state of mind so I need to make sure I'm being patient and nailing my first trade of the day because its gunna establish momentum for the rest of the day.
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