Trading Recap 6-June-2018

Everybody was focused on $AXON yesterday and I decided to take the easy $ on $SNES. Less eyes watching a stock => much easier trade, as not everybody is crowding in to short/long the same stock and offering a lame sideways action.

I knew the stock was garbage so I wasn't gonna marry it. My thesis was simple: "every short from last week was now underwater and they will step over each other to exit their positions for a loss meanwhile pushing prices higher and offering a fast money trade on the long side". And that's what happened, I should have switched to short after that but oh well.

I chased a bit on the long side as I wanted lower prices but when I saw that it started spiking I took a smaller size and jumped in. Sold on the parabolic.

Trade well!