bdetweiler

Out $VSR for small loss. My thinking was right on, as this thing hit $7.66 premarket, but fucking ThinkOrSwim would not execute my orders. This is not the first time I've been screwed by not allowing premarket trades. (IB did it to me on my $CAMT loss.) I sold right at the open though, relieved that it didn't tank more. Could have been more patient and waited for the first candle and eaked out a profit, but when it started panicking in the last 3 minutes premarket, I wasn't going to mess around. I'll be transferring out my remaining funds from TDAmeritrade and moving it into IB to focus 100% on short selling.

bdetweiler
bdetweiler Oct 16, 14 9:45 AM

Man, bounced off of 6.50 support and had a quick spike up to 7.50. There was profit potential there, but this stock is way too choppy and scary. And now looking at it, my order got executed right at 6.84, so I'm out flat minus commission (which is way too high at TD).

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bdetweiler

Long $VSR into a strong close at 6.84. Aftermarket it's up to 7.20 and counting. I'd love to get out now, but ThinkOrSwim doesn't seem to be getting me filled even though I'm putting it on the bid. Maybe there's some issue I don't know about. Frustrating because I can see this being a huge decliner premarket tomorrow. I guess for now I'll wait with baited breath and see. I've already determined that longing is not my thing. But I'm out of trades at IB and I was itching for some action. Kind of a stupid gamble. We'll see how it goes.

bdetweiler
bdetweiler Oct 15, 14 4:28 PM

Annnnd now it's panicking.

bdetweiler
bdetweiler Oct 15, 14 4:52 PM

If support at 6.60 breaks, this is going to be a shitty loss.

bdetweiler
bdetweiler Oct 15, 14 4:52 PM

There it goes. I need to just look away.

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bdetweiler

Very happy I wasn't long $VOXX through earnings last week. I had appointments Wed-Fri morning, so I wouldn't have been able to get out until probably Friday afternoon. Risk management is job #1. If I had risk managed when I first started, I wouldn't be in a hole right now. I went all-in long overnight on $CAMT that was wayyy up, and IB wouldn't let me sell premarket, so I watched my losses pile up all the way to the market open. I've been atoning for that sin ever since. I risk managed today on my $VSR short, which kept me safe, but also made me miss out on 20% of downside. Win some, lose some I guess. Or, in this case, win some, win less of some others, which I guess is better than losing. Continuing to slowly climb out of the hole...

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