Lescor, will you share details of trading GCA today, especially at what levels you entered and exited. If didn't trade GCA, then maybe CMTL? Thanks.
More spinning of the wheels. Not much to show for this week or the last two months. Got hammered on some opening orders on Monday, then lost $4k in flash in CMTL on Wednesday. A lot of good stock moves on Friday, but nothing I made anything on. For the week +$3100 635,000 shares traded. Daily pl -1.5. +1.5, -5, +5.6, +2.5
looks like CMTL hurt alot of people this week. I'm guessing you caught some of MNTA, GENZ or NTGR today?
GCA on Wednesday 21 Jul was even crazier imo. The news came out only in the evening that day, while the Move (about 10 sigmas) began directly after open with a large gap in the same direction. I'm really curious to know how lescor managed to avoid this one, as he usually trades in the morning. Somehow, I believe, the skill to avoid things like this might be one of important edges in RTM trading, if not the main one.
imo GCA was an easy one to avoid, but this is from the perspective of how I believe I would've traded it, as I didn't actually have it on the radar so i wasn't in the captains chair either. But one that did have a nice setup was MLNX. Anyone watch this one?
I shorted MLNX right after open when it gaped down (similar to GCA), and after half an hour when it moved nowhere, covered at break even (apparently prematurely). Why do you believe the setup was special? Will you share how you would trade GCA and especially the way you'd avoid the large move, in the light of RTM approach? An RTM trader needs a reversal, doesn't he (this is what I meant, lwlee, GCA didn't revert that day, well, not substantially).
Seeing that I'm not at the level that the OP is at I have no place here on this thread other than compliments and to say that due to this thread and from other non-trading based message boards elsewhere on the internet, my ambitions are to put myself in a similar situation as lescor by this time next year. So with all due respect, I really don't want to comment on GCA. But seeing that I was the only one who mentioned MLNX here, the reason why I found it to be an easy setup was first off, not from the view of a day trade but from the view of a channel short position. If you look at it from this perspective, it was a no-brainer and the gap down was a surprising extra bonus.