0.467.3201
350.05400.0
Total Profits:
-$230.19
-$548 Loss
PRGNLong Stock
LangeTheThird

This one stung, as it was the biggest lose that I've had to date. There was a potential for a squeeze upward, but it sunk & I didn't put in a stop loss. It moved too quickly for me to respond and I tried to sell this for as high as I could. Automatated stop loss (fast, emotionless) > Mental stop loss

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$197 Profit
MGTLong Stock
LangeTheThird

This ticker came straight off of my watchlist of the previous day's -10%+ losers. Realizing this was a low float stock I knew it would move quickly. I entered the trade once I saw it moving northward, and I had my finger on the sell button to quickly exit as the price reached its initial peak. As it hit resistance I sold my stock, and I was out within 2 minutes.

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-$320 Loss
HEROLong Stock
LangeTheThird

I had an opportunity to lock in my profits and passed it up. I didn't realize the Fed was going to give a speech that day (huge oversight) and by the end of the speech, the markets took a nosedive. Damage control turned into heavy collateral damage.

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-$128 Loss
LCLong Stock
LangeTheThird

I could have very easily locked in my profits (the high reached $4.28), but I was trying too hard to try and swing this in order to save a daytrade. I realize now that I shouldn't think like that, and at least so far, I'm not a disciplined enough trader to use mental stop losses. I should start using hard stops and try to take my easy money. This was the right trade but the implementation was the greatest b/c I just watched it go from green to red without taking sufficient preventative measures.

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$22 Profit
ARTXLong Stock
LangeTheThird

This came off of my watch list (the stock was bouncing after a -10% day). I scanned my stocks, this one was turning green, and so I entered. The problem was that I wasn't quick enough to enter and try get a better entry price. It was a low float stock so it moved quickly. The next day the stock did continue to climb but I wanted to exit early to enter another stock. It probably was a bad move. It was the right trade but the implementation wasn't the greatest. I should let my winners run.

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-$92 Loss
CLFLong Stock
LangeTheThird

I wrote a blog post about this. This was a gap and crap that bounced off the previous day's high and stayed green. I entered the trade too early and things didn't go as planned. I see here a 3% loss isn't necessarily bad but I should probably try to get it closer to a 1% loss or try and stay green all-together.

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LangeTheThird

Ohh how I wish I could have sold all of my shares for $8.42, but I wasn't fast enough. I played this one off of my watch list; it was coming off a -10% day. I scanned my list, saw one that was rebounding, and I entered. The stock climbed throughout the day and when the stock got good news overnight ('ehhh, that's the risk of swing trading biotechs), it gapped up. I couldn't sell all my shares at the price I wanted at the opening bell, but I did rid my shares after it crapped out (turned g/r).

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$16 Profit
AXASLong Stock
LangeTheThird

This trade was a bit frustrating as I didn't get price I wanted (I was a hair too slow getting $1.34/$1.33), & because of the extreme resistance waiting for me at $1.39. Someone had an enormous sell order there, & the stock bounced up and down between $1.36 and $1.39 until it fell and faded for the rest of the day. Because the seller stubbornly left the order at $1.39 it was really good of me to cut my losses and get out before everyone else followed suit. At least I left the trade in the money.

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$60 Profit
EBIOLong Stock
LangeTheThird

I found this on my morning scan and jumped in before the initial dip. I grossly underestimated the bulls on my level II and I set the sell order too low (the high eventually reached $1.55). Perhaps I should either let the stock play itself out without putting in the sell order right away, I should read my level II better, or I need a better tool for the job. This was not the best trade as I could have bought EBIO for less and/or sold it for more.

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LangeTheThird

This was my first time buying a stock at the open relying on my scanner exclusively. I deliberately waited a few minutes before buying after the first dip. It could've been better but it wasn't a bad trade overall. The good: I liked that I put in my sell order right away. It was good to sell into strength. The bad: The high reached $.55 and leveled off in the low $.50's so I could have been a tiny bit more aggressive. The ugly: N/A.

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*Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here.

Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.