5/31/16

 

$VSLR

 

I started looking at this stock during pre market. Realized that there was huge resistance at $3.40 and $3.58. Potential upside was if it broke past $3.87 it could go to high $4’s maybe $5.45, where the next resistance were. It did break $3.87 however hit a wall around $4.06 then also broke support @ $3.63 for the day. My mistake during this trade was that I knew going in on this trade I had already used all 3 day trades and would end up holding over night. I got locked in  100 shares @ market open @ $3.77 and closed @ 3.59. This would have been a really good day trade, I would have bought in @ 3.77 and sold @$4.00 (Most likely) however I rushed this trade.

 

Lesson: Don’t rush overnight holds. Also Don’t hold overnight holds first thing as market opens.