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In at $9 a mental support got filled at $8.96 huge Volume i think it was an all time high for this stock from the usual 600,000 to1,200,000 Volume. My plan was to get out at $9.35 and if i was wrong i would cut at $8.95 set a mental stop and not a hard one, and the stock dropped quick thats how it got filled lower. i almost cut it early as it was starting to get extended and it needed to retrace a bit, but then volume came back and set a hard sell order as per plan on Training Journal/Recap.
Traded this one on News of a new policy.This was a dip buy and the idea was to see if it could push back up to $1.08 or sell at .95. Stop Loss set to .80 it did when up but i did not have a sell order ready and did not get out until a second time around.
the plan was to Short this, etrade had no shares to short in the afternoon. The day high was 2.43 so i decided to see if a long would work in a short term and i was in at 2.40 but the day high quickly faded all the gains so i got out since it didnt fit my plan to run up after breaking day high.
Terrible trade. bad entry my original plan was to buy at 1.68 on a dip however it moved too fast and i waited for a second dip and the moved fast again so i got in a 3 looking to sell at 2.50 prior resistance level. At 2.31 i was going to take the profit but got greedy and the trade went from a good trade to a g/r move and did not set a hard stop like my trade plan says. overall this mistake has cost me many trades to go south fast. market tuition at a very costly price.
Stocks were moving kind of chased this one a bit so i got out early. over all it was the right stock just not right entry so i got out.
Long from morning volume did not waited for a pull back and broke my rule to wait for the pull back, Triggered my hard stop loss and got out expecting a morning panic. Morning Longs should only be bought on pull backs.
Breakdown and hard stop loss triggered overall great trade as i fallowed all my trading rules. Need to focus on my pattern that was the only issue.
Terrible trade overall, 420 stock that was trading down tried to do a dipbuy set up. Quickly realized otc's do not work like Nasdaqs and had a market sell order for 4 to 5 min, but because everyone was panic selling i could not get a fill until i was dead bottom. Terrible drain on the account, need to stay away from dip buys on OTC and only focus on aticipation on 420 Plays.
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