Over-extended stock gapping down on a first red day. Waited for a dip and spike, slowly sizing in a position into spikes using previous close as my risk. Stock made one attempt to go green and failed, second attempt it went red/green. Happy with my trade even though it's the most I've lost so far in the challenge. I stuck to my risk for once. Had a test trade with 10 shares overnight. All trades include commissions.
I was hoping the high of day would act as resistance and lead into a dip. Learning the respect short squeezes. It's a loss but what a lesson. Learning more about trading from my losses than my wins. Once again wiping out the profits from this morning. Happy to say I cut losses quickly. All prices include commissions.
Thought the previous days close would act as a resistance level. Simply trying to bend the market to my will. What will go up will go down but not in the stock market. Had a good trade on $NAT in the morning and figured why not go for a home run. This turned into gambling. All trades include commissions.
After hitting it's HOD I started shorting at $3.81 because it starting to show weakness on the level 2. I was risking HOD and aiming for $3.47, a high of day from a year ago. Re-shorted at 3.61 when it couldn't get back to green. Mistimed my cover but happy with making up my bad start to the day. All trades include commissions.
Bought this stock thinking it was overextended. When it dipped down I bought 100 shares thinking it wouldn't recover into green on the day. Ideally I should have risked r/g. But also should remember to be careful of dips first thing in the morning. Came into this trade thinking it would squeeze in the back of my head. All trades include commissions.
Good news on clinical trials with good price action in pre-market. Consolidating towards the open. With the gap-up at the open I expected it to dip before trying to make new highs. I didn't time it well on my buy but I was correct that some people would take their profits right at the market open. I had a few points of resistance, p/m high and .39 from roughly a month ago. When it didn't get through last months resistance I sold. Dip and rip as Tim Bohen says. All trades include commissions.
Saw this stock making making lower lows and higher lows and decided to test a small short position. For once held through my risk level which was r/g at 2.58. Messy chart, earlier in the morning would have been a better position but woulda, coulda, shoulda isn't a strategy. All trades include commissions.
Feelings were this chart was getting extended. Feelings don't matter. It was a forced trade due to everyone else having successes with their trades. Learnt a valuable lesson about setting stop losses. IB will still activate a stop loss even if you don't have the stock anymore, hence my double position. Excellent lesson, still not happy. All trades include commissions.