Trade Example: Reversal Pattern
Chart Example: Dip Buy
Result: 600+ Loss
Rules Broken:
Wednesday, November 30, 2016
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
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
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
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
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
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
Saturday, November 26, 2016
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
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$, which is 1%, then in one minute It went upto 500 just for a few secs.
I was stunned, didnt take any action and forgot my plan,
I recalled last week when AMD spike >10% on 2 days and thought it will do the same thing today , but It didnt
It started dropping down right away, I should have taken my profits at 400-300 level, but hoping it will spike up again , I didnt lock them and for sure in a few minutes all of them was gone.
Now , retrospectively thinking, I should have stuck to my plan and should have taken profits at 400-300 level, as that was my goal.
There was not big stimulas so no reason for stock to keep going.
I had sold it for 1% at market open , I could have dip bough it again around 10:30 and sold it for another 1% profits.
Bottom Line: No plan no profits
Thursday, November 10, 2016
1350$ 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
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
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