Friday, May 13, 2022

bounce day

The market finally giving a bit of relief today. 

...And I tried to short COIN, which opened up something like 18%. Because? It will reverse off the 5ema, my "thinking". Hey, why not short something weak? It did show relative weakness all morning, but I also shouldn't be surprised it failed to break down intraday. Ugh. On a Friday. 

Proper bias this morning should have been: long after profit taking pb.

Red day. Deserved it.
One last put still open on a wild hope it goes itm.

MOCO and DC area traders!  Bring your trading buddies and join us on Tuesdays. This is a friendly professional networking group for individual daytraders. https://meetup.com/potomac-daytraders-network/

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