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Was an absolute pleasure to do an IU interview! Be sure to check out the blog and interview: investorsunderground.com/s/dCWh6/

 

Cinco de Mayo tomorrow and you better believe I need a drink after this week. Went from having a 5 figure day everyday last week to barely staying afloat this week. Crazy how fast things can change. Unless some sort of miracle happens tomorrow will likely end the week RED. This will be my first red week in a few months. Not too shaken up about it, just sucks. Feels like no setups have been “easy” the week. Last week I felt like i was in the Matrix lol. Regardless, hope to end tomorrow with a green day, no matter how small, and just refresh over the weekend.

 

APHB: Crowded mess today. I didn’t get involved. Warning signs were there. Small float + first bounce day + SSR. Not something I want to be involved in. However, it really started to unwind into close. By the time I checked for shares it was BLOCKED for me. Hopefully some shares become available in the morning. Really like this setup for a short swing. ALL pops = s/s … I WOULD NOT go long something like this.

FNBC: This was a tough one today. I saw this at $0.25 and said maybe it goes to $0.50… Then at $0.50 I was like holy shit maybe this is going to $1. Then it had a parabolic all the way to $0.89 and HALTED. At this point I was very excited and very ready to short this when the stock unhalted and ripped to $1. I had my order ready and I was focused. Instead, the stock unhalted and DUMPED. I was VERY angry at this point. It was just at $0.89 and now all the way back down to $0.60 that sucked. I didn’t want to chase it. Instead I wanted it to bounce, have a lower high, and then I would start in for an unwind. Thats exactly what happened. I started in near $0.65 and added when $0.60 looked heavy. Almost immediately I was up 10 cents and I said “wow, this just trapped long and is probably gonna have the basketball analogy and continue to fade off all day”. Figured since it was up almost 500% at that point from where it first ran It should pull to at least $0.30 so I started to add in on pops near $0.65… again another slam to low $0.53s and I figured my thesis was correct. All of a sudden that slam turned out to be a trap and the stock ripped into the high $0.80s. I went from being up 10 cents to being down almost 20 cents. Very big PnL swing. At this point I was upset with myself for not covering more than a few shares when it slammed the first time. Why? GREED. I had a shitty week and wanted to be patient with this winner for the big score, instead that patience ended up killing me. I made it out ok with the stock. I had hard stops in place, which didn’t hit, so I slowly started to trim for breakeven. By the close, I was out. Felt mentally drained by the end of it all. Honestly, I think this thing still has room to go to $1+ I will be watching it tomorrow morning to see how it reacts in the $0.75-$0.80 level. Todays lesson was GREED KILLS. I should’ve been taking more off into dips and adding back pops around a core which I always preach. Instead, my mentality wasn’t right because of the shitty week and it led to me NOT being as mentally sharp as I always am. I can’t wait for this week to end! Shitty start to the month!

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