Still working on the Petting

$PLCE

$PLCE from the opening was a wild stock. Check out its 5 minute chart on the right side of the picture, the candles, the movement, its huge. Each 5 minute candle represents almost .40 - .50 cents of movement, now imagine what kind of impact that can have on your trading, that is a lot of price movement that you have to stomach. I tried to short $PLCE at the spot where it says "short" it worked, I honestly thought it was going to break down further but it did not, stupid fake. So what happened? I had to cover my position, I covered it up early because I knew once PLCE went back above 45 it would just explode, that is exactly what happened. *Right click on picture, open in new tab* to review it.

$STX

Now even though $STX did fake me out the first time, I still had the confidence to re-enter the trade for the second time once it broke below its original points. So as you can see the number "1" indicates my first trade, I shorted there, THEN immediately $STX shoots back up to my stop and I obviously got out of the trade knowing that OK, take it easy, this buffalo wants to play now. So then I waited and waited, I kept an eye on the buffalo and I knew that it was weak, I knew it had to be below its previous low in order for it to break down even further, so look at the number "3". I re-entered the trade there, again stupid buffalo shoots up again, this time I kept it cool, normally I would consider grabbing more shares at the highs in this care around 36.35 - 36.50 (or near the top red dotted line) but I didn't, 99% of the time it has failed on me so I kept it cool and told myself  "I will only add more shares into the trade if it breaks certain price points" and that is why you see all those extra numbers indicating all the places I found it was safe to keep grabbing more shorts. DO YOU SEE how nice and clean $STX is compared to $PLCE? Give me a HYFR! I liked this trade, I was in control and had the confidence to add into my position as it broke price points, I normally don't trade like this, normally a trade is supposed to GO the way you initially planned it to go. But this was handled with care and love unlike $PLCE (for those who don't know what $PLCE is, its THE CHILDRENS PLACE store) *Right click on picture, open in new tab* to review it.