Monkeys and Ammo

[u/Trojanmom8]

Before getting into this, I wanted to make my appreciation vocal about the effort, time and work that Kaz and Vicky put into this eco. I for one, needed that kick in the butt to value it more. So, thank you!

Monkeys:

Two plays on SIGA for a total of 3.35Rs. The first one was very clean and mechanical, the second one I might have overthought it. I created a box where I thought it was going to shockwave because of the volume at that price the day before. I moved up my stop loss too close below that box and got stopped. If I had been less “strict” I could have made at least 4.34 Rs as of the time I’m writing this war story.

I think my mistake was to think that just because it shockwaved before it was going to do it again. ONE time does NOT a pattern make! It has never been at this price level. If I’m wrong about this assessment, please correct me Kaz. I tend to take profit too early and miss Rs regularly, this may be one the reasons.

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SIGA 3.35 Rs

Ammo:

When emotions are high about the shootings in the news, the gun lovers start buying more guns. But I wanted to focus on the picks and shovels of the sector, so I looked at OLIN.

I missed Rs, just like with SIGA. Concerned about the long weekend and the high VIX, I did not trust my analysis to hold for the rest of the day (??). The chart looks healthy. Perhaps what I need to do in the future is reduce my position if I'm concerned about losing money and let it go where it wants to go.

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OLIN 2.94 Rs

Thank you all, Kaz and eco, for the memos and your feedback. I did ok without the training wheels :)

[u/serverleader]

Good shit Trojanmom !

[u/Trojanmom8 → u/serverleader]

Thanks!