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This failed breakout turned into a triple top and looked to be going green to red. I shorted a bit early and got faked out by two measly candles looking like strength. I obviously and not going in with a solid plan because of being scared to lose money and I shouldn't be. Just need to gather my confidence. Stock cracked green to red for 30 cents a share but would had to be early due to stop losses.

Bought this 52 week break out after it tested and held the break out. Right after that it went down and cracked and broke the break out level. I got out as soon as this happened. No catalyst to fuel this break out and volume was higher but not after the inital spike so these things should have kept me out of the trade all together.

Bought anticipating afternoon ramp. Held 2.60ish support so I took a position. Not really any volume and started to eat away at big buyers near market close so I got out. Stock didn't do what I wanted. Earnings winner and it might spike Monday but didn't have strong close although it held its gains from the breakout. But without volume into the close I didn't think there would be momentum for Monday.

Did not cut losses quick enough and did not get out of trade when it failed to do what I wanted. Most important rules broken. I doubled up near the bottom of the panic which I know was very risky but I had seen it before and it worked out. Won't make it a habit. Only good thing to me is I noticed the premarket strength and was 3 cents behind Tim Sykes as he alerted it but I already had my hand on the buy button because I was watching it too. Also noticed ROYL premarket but didn't play it.

Sheepishly followed TIm Sykes but it was after he added to his position which usually means he thinks it will strengthen. Still not ok to follow but I understood the reasons why he added. The main mistake was not getting out because it looked like it was weakening and I knew executions would take a minute. Was up 10% and then lost it because I didn't take profits and realize the trade was not going EXACTLY my way.

So this was a rule breaker for a number of reasons I think. 1. No volume, 2 I let the stock drop below what I thought was support so I did not cut my losses quickly. I averaged down when I thought the price action showed a double bottom but I got out because I knew that I was in the trade for the wrong reasons so it doesn't matter if the stock up trended back up later that day. I also did not wake up due to my current work schedule. Still a lot to learn. Still watching DVDs and webinars.

This stock was way to choppy to be playing. Bought on a dip near a support zone but it had already failed to hold a breakout level of 4.17 I thought if it held the support at 4ish it could retest the breakout level and continue on for morning strength. Level 2 had a wall of sellers for a few minutes so I got out but either way I don't hold well through consolidation so I should wait until it proves it is going back up and held the support which it ended up doing for about 15 cents a share.

Right on the money with my thesis the last few trades but screwed them up as actually executing a trade has been the hard part for me so far. Small size so i wasnt emotional. I just thought it was starting to break down and it tested support three times in the end but I got out while it was testing support the second time instead of waiting for it to actually break support. to execute a quick loss cut. The stock again did what I wanted but my patience has got me to screw it up.
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