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Gave this one about an hour, forgot to upload until now. Cut my losses quickly when this defense play wasn't working like I wanted. No harm in this loss, but I really didn't want to be in it to begin with. Was mainly interested in testing the fills for broker integration in StocksToTrade. They were good!
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.
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.
Higher float than I usually like playing, but it was a earnings winner. I let it prove itself, and bought in the afternoon for a weekend hold. PDT may have guided me to hold over the weekend, as I may have sold before the market close otherwise. But I was up nice into the close. I was traveling at the time so I exited early pre-market, and didn't get to fully stick to my plan. Overall, It wasn't the most ideal situation, but I made it work. Will focus on better plays from now on though.
Play based off the release of their earnings transcript. I bought in the morning when it looked like it was forming a double bottom. Tim warned of its history of not being trustworthy/volatile. It ended up being a good overnight hold, but I didn't take a position as to not trade in revenge of making back my money, which can open the door to taking unideal plays.
Failed to consider there was no big news at the time, only of a canadian patent that was awarded to the company several days prior. I tried playing a gap up from the previous day. I will focus on better plays from now on. The company had a very weak bearish chart to begin with, and had a history of going supernova several years ago with a smaller float, which is what got my attention. Daily was ugly at the time however. Lesson learned.
Didn't catch this on a dip like I wanted, I chases this one. So, I decided to take safe profits as the stock was getting choppy, and I stuck to my plan. I will not force set ups anymore. I fell too in love with this play, and missed my plan on CRNT at the time, which turned out to be the play, but it was a higher float so I was not in love with it. Lesson learned, don't fall in love with stocks. Stick to ideal setups.
Dip bought morning panic, when it was approaching prior key support levels. It was also very far off its highs, and approaching a whole number. Overall market, and the bounce I was anticipating was weak, so I exited safe for fall gains. Turned out to be a good idea. Stuck to my plan better this time as well.
Stuck to my plan, and got in on the break of the pre-market highs, but the breakout wasn't smooth like I wanted, so I exited safe with profits. I didn't fully achieve my goal though, so I need to really start sticking to my plan as it went up 0.50 more from my buy. This is a larger float than I usually like playing, which could explain the choppy price action. Also, didn't really look too much into the news at the time. Need to pay more attention.
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