Like a few others, I too got in and out of Kala for a
$2.00/share gain earlier today. Volatility was insane
on the 5 minute chart. Rode it up to mid $18's before it
dropped briefly like a stone stopping me out at $18.15. Gave
it what I thought was enough room ($0.50 spread when it seemed soon
to correct from $18.65) but it wasn't sufficient. Watched it
pause then rocket another $3.00 higher before tailing off.
Movement like that is indeed rare. Wondering if Matt or
Steve can provide some guidance on how to trade high intraday
volatility. Even viewing the 5 minute chart I felt I couldn't
keep up. Does it come down to instincts (greed and fear) or
can the technicals help? Made $$$ so I'm pleased, but can't
help but feel I could have done better managing the position.
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KALA: How much room is
KALA finally some volume coming into it
Posted by RichieD on 26th of Jan 2023 at 02:28 pm
KALA: How much room is too much room??
Like a few others, I too got in and out of Kala for a $2.00/share gain earlier today. Volatility was insane on the 5 minute chart. Rode it up to mid $18's before it dropped briefly like a stone stopping me out at $18.15. Gave it what I thought was enough room ($0.50 spread when it seemed soon to correct from $18.65) but it wasn't sufficient. Watched it pause then rocket another $3.00 higher before tailing off.
Movement like that is indeed rare. Wondering if Matt or Steve can provide some guidance on how to trade high intraday volatility. Even viewing the 5 minute chart I felt I couldn't keep up. Does it come down to instincts (greed and fear) or can the technicals help? Made $$$ so I'm pleased, but can't help but feel I could have done better managing the position.