Held this over the weekend when the market had already dropped a good bit, so I took a smaller position size. Overall, I executed my plan very well, just didn't get the gap up I was looking for. Was a very good sell as it proceeded to drop 10% afterwards. I am happy with the way I traded this stock, and cut my losses quickly. Was a #5 type framework bounce setup, very good odds, just sketchy market conditions.
multi-day breakout type setup, I didn't let my risk/reward get hit, and paniced out into the biggest dip like it says not to straight out of trading tickers. Terrible execution on my part, and it ended up holding up nicely, and my plan would have worked. Lesson learned.
Kind of a chase, I was watching it this morning, so I felt like I kind of missed out. I stuck to my plan, but should have considered the long-term chart more. It was the first green day so good risk/reward, but they deal with nuclear power which, and basic materials, which I generally don't like. I went in to big to begin with. Lesson learned.
Rushed into this one with unexpected big volume, and it had a gap to fill. Other than that it had no real news, and i was trigger happy this day. I failed to consider the long-term chart enough, was mostly a chase. By losing on this one, it made me hesitate on my next play which would have made up for my loss on this stock. No more hesitating.
Very late in the framework pattern, I was looking for a #5 bounce w/news. It had been testing VWAP nicely all day looking like it had potential to squeeze, but there seemed to be big sellers come in very fast after it had tested this level, so I exited, as the volume wasn't the best either. This stock also had a very weak chart, so I will stick to better plays next time. I did do good to cut losses quickly though as it continued down.
Pennystocking famework pattern, unideal float however. I was playing the #5 bounce. I am really starting to watch my risk closely, and use correct position sizes. I was using way too much size in the beginning of my trading. Really nice daily chart, I had missed the dip opportunity in the morning like I wanted, and I ended up chasing this one a little. I didn't wait for it to break the high of day around 2:45pm to show that it could keep squeezing, and going up.
I remember this trade like it was yesterday, one of my best trades to date, yet one of my biggest losses. I was trying to dip buy a huge morning panic on this pump chart, and while I was up green in the beginning with profits, when I started to see the level 2 price action show heavy sellers come in, I tried to exit, but I had trouble executing, and canceling my orders, I had planned for everything but the unexpected, lesson learned.
Spiked on a distribution agreement with First Check. Then they had announced their conference call on earnings was at the end of the month. Looks like I stuck to my plan, but I don't remember the full details of this trade honestly. The company didn't have a very good past performance, the volume that came in that day was just huge, which got my attention. I more than likely chased.
Went long on r/g move risking the low of the day. Missed the dip like I wanted the day before, so this was more of a chase type revenge trade I should not have taken. Cut losses quickly, which turned out good, as the stock continued to drop. I was looking for some Friday strength and short squeeze. I failed to consider the overall market this time, and this is a bigger company I usually do not like playing. I was eager to trade after getting back from traveling. Lesson learned.