Bought 1200 NAKD on the 23d. Saw the big gap up premarket and established a 1% trailing stop before market open. At open the position was up about 10% for the day and closed out almost immediately. I made a little over 10% on the position. I was feeling a little trigger happy as the stock was up to about 18% for the day shortly after I closed. I'm happy now though as the stock is currently negative for the day just 30 minutes after market open.
Thanks for the great input guys. I got out at $3.40. I did keep going and eventually crashed to about $2.85. Then immediately spiked again! I got back in at $3.35 and rode it up again, where it eventually closed at $3.80. I'll get out quick in the a.m. Keep grinding fellas!
*It did keep going...
@robert88 I am glad you took some profits. The big concern is that the later in the pump it gets, when volatility is at its highest, the SEC might come in and halt the stock. When that happens, you could easily loose 80% of your position when it re opens. Keep up the good work!
@mbodgg just became a fully transparent trader today!
I've been a little lazy putting comments along with my trades. I need to get better at that to help me remember why I made specific decisions. My open trades were not impacted much by the Syrian cruise missile attack. However, I closed everything out on Friday afternoon in case the Russians do something over the weekend.
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