RikiRisnandarMay 16, 14 9:49 AM
lesson learned.. i also cut my losses coz 4.00 could become new resistance.thx
-$3,647 Loss
RCONLong Stock
Entry comments: Buying this earnings winner on the dip off its highs, it likes to spike in the morning as we saw today, it moves fast so my goal is to sell into a similar spike tomorrow ideally in the mid to high 4s...not surprising it consolidated all day long due to down overall market and digesting bagholders in at higher prices...not much downside here, should have support at 3.90-4ish, I'd LOVE to sell in the 4.50s
Exit comments: No morning gap up or spike right near the open like yesterday means I gotta cut losses quickly, never fun or easy...but trade like a sniper, be methodical, move onto the next potential runner...these are the rules by which I trade and following these rules makes me wealthy, break the rules and sure sometimes you'll get lucky but getting lucky is very different from winning 75% of the time and growing your account exponentially quickly like my top students have
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Broker:Interactive Brokers
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Position Updates
- May 15, 14 3:42 PM: Bought 14000 at 4.10 - Buying this earnings winner on the dip off its highs, it likes to spike in the morning as we saw today, it moves fast so my goal is to sell into a similar spike tomorrow ideally in the mid to high 4s...not surprising it consolidated all day long due to down overall market and digesting bagholders in at higher prices...not much downside here, should have support at 3.90-4ish, I'd LOVE to sell in the 4.50s
- May 15, 14 3:54 PM: Added 6400 at 4.25 - Added to my position as its closing strong and taking out morning resistance
- May 16, 14 9:37 AM: Sold 20400 at 3.92 - No morning gap up or spike right near the open like yesterday means I gotta cut losses quickly, never fun or easy...but trade like a sniper, be methodical, move onto the next potential runner...these are the rules by which I trade and following these rules makes me wealthy, break the rules and sure sometimes you'll get lucky but getting lucky is very different from winning 75% of the time and growing your account exponentially quickly like my top students have
| Date | Price | |
|---|---|---|
| Entry | 5/15/2014 | 4.1471 |
| Exit | 5/16/2014 | 3.965 |
- Total Views1,679
- Position Size20,400
- Percentage-4.39%
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