Wednesday, May 31, 2017

I cant follow rules

Bought VEEV yesterday on day 2 earnings at 4day EMA. Had 90$gain on close, today it opened and spiked and i had unrealized gain upto 300$ plus but didnt put a stop loss or had an exit plan.
Market then turned red and it kept tanking and tanking, instead of 300 gain i had 500+ loss around low of the day, finally it turned updward and currently my loss is around 250

the mistakes i made


1)I didnt have a defined stop loss, your stop should be present and keep raising it as the trader goes

2)I didnt exit at the morning spike, I should have at-least partially

3)I should have at least stopped just above breaking even, I didnt

4)I had a change to get out breaking even after the initial on midmorning spike, I didnt

  I went in too big, breaking my rules, and had 18000 position, it shouldn't have been more than 6000


Thursday, December 1, 2016

Another big loss day around 2000$

Huge sell off seen today , I lost almost 2000

MXL kept tanking in the morning and my 600loss yesterday was upto 1052 before I cut it.

I bough AMD right away around 10AM which was falling too. But bought it too soon, I bought it when it was around -3% but it kept going to a bottom of -7%, came a little up towards the end of the day.



This is MXL two day chart, it kept tanking even today, My hope of it recovering today was a terrible mistake


Buying AMD today was basically a force / revenge trade, I bought it at 10, it bottomed at 11. 
At the bottom I was almost -1500$, I should have been more patient and should have let it show itself  . Bottom RSI was around 20

NVDA also bottomed at 11, RSI was 10



RULES Broken: No stop loss used
                            Force trading

If I had caught the bottom it was several percentage upward potential. Now If I am lucky I may break even :(





Wednesday, November 30, 2016

MXL Trade (600+ loss)

Trade Example: Reversal Pattern

Chart Example: Dip Buy

Result: 600+ Loss

Rules Broken: 






Tuesday, November 29, 2016

VNET Trade (100+ loss)

Trade Example: Earnings Winner

Chart Example: After Hour Uptrend

Result: 100+ Loss

Rules Broken: Dont buy Stock with less than expected loss
                       
                        Dont buy Earnings winner which dont hold up after hours gain
 
                       Cut losses Early




Supposedly an earnings winner 

http://seekingalpha.com/news/3227162-21vianet-group-beats-0_13-beats-revenue

But it reported better than expected loss. I bought it after it spiked 3% after hours. Didnt hold the gains. Pre-market it spiked a little bit but i didnt get out, could have taken a loss of 50 but didnt. It downtrended all morning then finally came back up, I bought it around 7.77 sold it around 7.68

Lesson: Dont buy stock with loss


Trading before the setup IPDN Trade (700 Loss)

Trade Example: Investment News

Chart Example: Anticipation of low float run

Result: 600+ Loss



Joined supertrade alets and there was a lesson about this low float with recent big investment.
Bought it Friday around 8 (1000 shares) and waited 3 days, the volume didnt pickup and the price kept declining. Sold it on Tuesday in 7.30ish

Lesson: Should have bought if after the volume has come in and the stock had already took off

No Stop Loss

This happens when you dont use a stop loss on a super red day



Dip buying MXL but it kept dipping.
If I had a stop loss , I could have entered it better as eventually it came back up

Lesson: Use stop Losses

THO Trade (700+ Profit)

Trade Example: Earnings Winner

Chart Example: After hour Uptrend

Result:

Rules Broken: None
                   
Room For Improvement: Could have held a little longer



THO reported very good earnings 21% EPS surprise 

http://seekingalpha.com/news/3227171-thor-beats-0_26-beats-revenue

I bought it after market when it had spiked about 6% and sold it just before market open when it spiked upto 10%, it peaked at 14% around 11:30 and closed at over 12% gain.