DPW: Tuesday 02/06/2018 - $1.39 entry - $1.61 exit : +$203

I watched this stock all day because it was looking to be a First Green Day pattern. I am trying to focus on this pattern. In retrospect, there was no catalyst for this play so I don’t know if I would trade it again like that. I am still trying to figure out if I should play FGD patterns with a catalyst or no catalyst. I bought the intraday breakout and watched as it started accelerating into the close, and sold while up $203. My plan was to wait and sell in the morning but I will never not lock in a nice profit like that. The next day the stock went up another $0.30 and I only locked in half of the move. The stock was up the next day on a PR about maintaining revenue guidance.

 

Lesson: Lock in profits. Singles win games. Maybe no catalyst FGD is the play to play.

 

HIPH: Wed. 02/07/2018 - $0.398 entry - $0.38 exit : -$129

Another First Green Day play. This chart looked perfect for a first green day play. It was also a multi-day breakout and I was looking to buy and hold overnight and sell into a morning spike. I was up $144 at the end of the day but stuck to my original plan and held overnight. In the morning the stock dropped and I ended up being down $129. This stock had no volume the next day and I decided to trade it with no catalyst. I should have locked in my profits the day before like I did with DPW and I would have had a nice gain.

 

Lesson: Lock in profits!!!!! Singles win games! No catalyst would have worked out if I would have sold into the close. Trade more liquid stocks. But most importantly, lock in profits!

 

CPST: Friday 02/09/2018 - $0.93 entry - $0.946 exit : -$6 (due to commissions)

I had been watching a ton of video lessons on dip buying this week and I wanted to practice afternoon dip buying on a Friday. I had been watching this stock all day and was hoping for a late Friday short squeeze. I got a nice bounce almost immediately but stuck to my plan of “holding until closer to the close to see if the shorts really got squeezed. I should have noticed that the lack of momentum would cause the stock to coil into the close instead of surge. There was an unrealized gain of about $44 in my hands but I held until the close and ended up losing six bucks on commissions.

 

Lesson: LOCK IN PROFITS! SINGLES WIN GAMES! I saw the bounce and waited a little bit longer, which hurt my entry point. I still had a decent entry but should have gotten out when I saw the lower highs forming.