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 :(

MXL Trade (600+ loss)

Trade Example: Reversal Pattern

Chart Example: Dip Buy

Result: 600+ Loss

Rules Broken: 

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.

TIF Trade (600 Loss)

Trade Example: Earnings Winner

Chart Example: Mid Morning Dip

Result: -600

Rules Broken: Dip Buying Higher Priced Earnings Winner

                        No Stop Loss
 
                       +/- Casual Force Trade

Feeling good after 700+ profits on THO, I casually dip bought this earnings winner at 10:30 dip and of course it continued to fade all day, I didnt cut my losses until the very bottom

No Plan on Profits

Market is at all time high and so as $AMD. It spikes almost everyday pre-market and after open.
I bought 3700 on 11/23 just before market close at 8.77

The plan was to sell it pre-market or in morning spike at market open on 11/25

My though was right, pre-market it spiked around 1% and after market open it spiked upto 8.91

My original profit goal was 300-500 dollar (1-2%)

As soon as market opened I was sitting at a profit of around 300$, which is 1%, then in one minute It went upto 500 just for a few secs.
I was stunned, didnt take any action and forgot my plan,

I recalled last week when AMD spike >10% on 2 days and thought it will do the same thing today , but It didnt

It started dropping down right away, I should have taken my profits at 400-300 level, but hoping it will spike up again , I didnt lock them and for sure in a few minutes all of them was gone.

Now , retrospectively thinking, I should have stuck to my plan and should have taken profits at 400-300 level, as that was my goal.
There was not big stimulas so no reason for stock to keep going.

I had sold it for 1% at market open , I could have dip bough it again around 10:30 and sold it for another 1% profits.

Bottom Line: No plan no profits

1350$ Loss

I am in a 1350 dollar hole again today as I am having a terrible time following my rules

Yesterday after the election , stocks rallied and I watched from the sidelines

Today I was impatient from watching from sideline yesterday and jumped in , trying to force trade

Bought 1500 MXL as it dipped 1% for the day 

Right around 10:10 to 10:15 am

Breaking my first Rule I didnt wait for the dip to completely show itself for the fear of missing out.

Breaking my second rule I went all in , instead of limiting my position at 10K

Breaking the third rule I didnt put a stop at 100-200

Breaking another rule I force traded

Of course it kept tanking and tanking and tanking

Dropping to almost 5% for the day around 10:30- 10:45

I need to learn, rules work, emotions fail

I am holding that position overnight, I will likely reverse in next 1-2 days, but still I may break even missing on a 1000+ dollar opportunity and taking all the stress

Depressing October

My worst trading month so far.
Had a string of big losses, mostly the reason being not following the rules and patterns I know

Realized a loss of almost 1200 in my large account

Ticker is $EXAS

Added it to my watchlist as it fit my screening

I didn't get into earning detail,

Just read this

I didnt get into fine detail, how can 0.36 better than 0.42, only when its negative.

The company didnt report profit, it actually less than expected loss and not so encouraging guidance.
The stock spike premarket.

Anyways ,
As soon as the market opened It dropped almost 12%
I bought 1000 shares on an uptick, but then it stared dropping. Thinking of it as earning winnter, I stayed and was soon -ve for several hundred dollars. My account that day was 25K and 200 something, so it was cruicial that i dont fall below that limit , otherwise the PTD will kick in.
I had no stop loss setup and I was stunned , in my expreicnce usually you get 2 decent chances to get out of a trade going against you.
In 2nd aero area , i was only -ve for 190$, I should have sold , as my account would still be >25K , but i hoped it will go higher and trade will become profitable, that never happened.
I didnt get out, anohter chance I had was at 3 , again I was hoping for it to reach at level of arrow 2 , but I didnt, at that time it was a double top, still I didnt get out and by the end of the day I was -ve >1K. Today again at market open, it spiked but i didnt get out and tanked thereafter and I took a 1K loss. and finally exited at the fourth arrow

Entry price: 17.72

Exit 16.49

Now my account is locked under PTD rule. I have added additional funds but they wont be available for 4 business day, so I am done for the week.

Unusual Earning Winner

By now I have studied many earning winners, but this one freaked me out and giving me a big loss.

ROST has good earnings both revenue and EPS

Based on my rules,
I bought it around 10:30 to 10:45 when it had consolidated and pulled back
It gained 1% nicely until around 11:30 but then I was shocked when it subsequently took a downward dive and lost almost 2%

Instead of making 1% gain I encountered 2% loss.

It was terrible, never seen anything like that, but looking at the chart again I realized
this stock has gained 2.7% pre market and on market open, it never pulled back, it kep going, consolidated , went up again before collapsing.

Usually earning winners fall after market open and consolidate before spiking, this stock didnt do it, so next time I will be v careful with this pattern

KMG Trade

Traded KMG, so called " earning winner" with loss.

It has spiked pre market pretty good on strong earnings but trended down all day.

I didn't cut losses quickly and has a big loss

I held it over the weekend , waiting for the uptrend which never came.

I still got out on time as it dropped even further in subsequent days
It is a thinly traded stock with av volume of < 50K, which may have contributed to this outcome

LULU Trade

Bought this earnings winner early during the day and held it until late afternoon next day

It may go higher in the next few days but I am happy with my gain.

WMS Trade

Buy Point
On a 2 day chart
The stock had pulled back about 3 percent just after market open
It held support at around 23.40
I entered at 23.85




The Sell Point is shown in the picture below



I sold it when the upward momentum slowed down. But I could have held it more, it kept going up
Sale price was 23.15