ARIA: I completely missed the fade at the beginning of the day which was disappointing. I was looking for any pops but they never came and I didn't want to chase it lower - it would have worked but while it was happening in real time I thought if it pops and I chase I will be pissed. Plus this stock hasn't really done anything else this before - it usually pops a bit first before coming back down. Overall while it was disappointing to have missed it, it's ok. Later on when I saw it bounce I thought it could have more downside - I did some bigger volume come in near the lows so there was that weighing against it that it might be done going down. But considering the chart I figured it it goes to vwap, goes above it, then comes back down, it could stay like that. It did do that and so I shorted near the bottom of what ended up being a higher low unfortunately and I have it the full out to the past high it made. I got stopped out but it did go higher. I'm not really sure if there is a lesson here. I did not expect it to rally this much and I figured it could have more downside to it at least or at least retest lows. It just didn't work but I followed my plan and stopped out and that was it.
LABU: I was monitoring it and I saw it had a big push and had big volume near the highs of the push so I thought it was a good short and it could at least fade $1 for a scalp. I shorted 48.45 and it did come back down a bit. At that point I put a breakeven stop because I figured if it came back then it would probably go higher. Now, this has bit me in the past before but I shorted close enough to the high - sure it could have retested .50s and failed but overall it had a couple days down and it could just bounce the rest of the day which is what happened. I guess a lesson here is to know the big picture but I did keep that in mind as mentioned so nothing of note here.
AUPH: I am glad I avoided AUPH on the frontside of the move. Using the 3min charts really helped tell me there wasn't a clear setup for me. I kept thinking this could be the stop at each spot but didn't trade it because I didn't want to step in front of anything. It wicked a couple of times in the .40 areas and I thought it could be it but then it went higher. Eventually after going to the .70s and failing I saw it had come off and started peaking at the .50s again. This was a good setup but I wanted to be cautious given it was trading a lot of volume and it was still above vwap. I shorted small size - I should have done more although it is hindsight. I wanted to give it room in case it fucked around before coming off like AUPH did. It got under vwap and I thought about adding when it retested vwap but thought it could still reclaim vwap. So I ended up staying small throughout it. I covered when it was absorbing and holding around .14 and wanted to be careful given how many shares were traded/float rotation. Overall, it was decent execution just wish I had more size but so be it. I am starting to get better at trading, I think, and I should start increasing my size intelligently. This was one of those plays where it was just going to be my first entry and that was it since I was still unsure. One thing I forgot to mention was that stuff candle - I remember I looked at the 1 min chart and AUPH pushed and then slammed right after that so that helped add conviction to actually placing a trade.
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