CRC and thoughts/progress FOUS4+FOUS4x2

CRC

This was a trade i did 2weeks ago. Long overdue due to classes/coursework related to work and the fact I was very, very disappointed in how i acted during the trade.

Stock is a commodity play, the entire energy sector has been beaten down the last 2 yrs d/t OPEC having a oil-war with the US shale producers dropping the prices in oil/barrel. They're basically trying to bankrupt US companies by getting them down to unprofitable levels with the oil prices so low. Recently, news of an oil production freeze has been hyping up the stock prices in contradiction with the companies fundamentals.. Stocks are going up even though these companies are tight on cash/possible bankruptcy.. The hype lasted a good multi-day run until finally collapsing.. a mini-bubble up on hype that moved a whole sector.. pretty cool.

Bought 2000 CRC @ 1.71 @ 15:30:05 03/04/2016

I noticed crc due to it's earnings beat.. So i was playing it as an earnings winner at the time without realizing what was going on in the bigger picture- missing out on 300%+ Swings. I wanted entry on 1.06 and sell at 1.25 but i got bored babysitting and watched a youtube video. The 5min video i watched, the stock broke at my entry point and spiked to 1.3... at the end of the day there was another possible entry and i took it on a dip.

Sold 1000 CRC @ 1.755 @ 15:59:14 03/04/2016

Although the chart was perfect, and i've been getting more scared/playing smaller position sizes since my last trades. I downsized my position cuz i felt like i was chasing this stock thats alrdy 300%. Looking back now, I don't regret my decision even though i missed out alot on potential profits, better to play safe than lose big.

Sold 1000 CRC @ 1.8819 @ 09:30:52 03/07/2016

I've been really really scared on this stock for some reason, My mental stop was at 1.8 which isn't even bad cuz i'd still b up 10cents per share... The stock did NOT spike in the beginning and actually crashed which is i knew was possible. FOR SOME REASON, i got scared out since this is the first stock i've had that sold off in the morning which was an expectation. I put in a market order once it broke 1.9 and stared at it for about another 5secs when i realized the price action was bottoming out and tried to cancel my order but i was 2secs too slow and my order got filled...

I only had 1 day trade for the day.. I wanted to sell my overnight position on the morning spike and use my daytrade to buy a dip.. but instead... FOMO!!!

Bought 1000 CRC @ 2.0402 09:34:07 03/07/2016

**** I watched the stock spike without me, i saw another entry at 2.04.. FOMO !! Feeling of missing out.. I wasted my daytrade and instead chased the spike. I hate the fact that I gave in hard to FOMO...

Sold 1000 CRC @ 2.1001 09:49:32 03/07/2016

The spike was losing momentum and not making new highs. Sold rest of position before it consolidates for the day.

** The trades went positive for me but it's the fact that i gave in to FOMO that really irritated me. I spent the next two weeks away from trading and learning FOUS4+FOUS4x2 dvds since i knew i blew off a beautiful opportunity for a swing trade.

I was so focused on intraday/had very little knowledge on swing trading, i made at maybe 10% off a 300% multiday day move.. The whole energy sector was being hyped up + CRC earnings win = mulitple catalysts + Chart was Fous Revival pattern that became a Fous Force.

I finished FOUS4+FOUS4x2 DVDs, the thing is that these dvds are about 10yrs/4yrs old so the patterns aren't reliable anymore. The crazy part is, the patterns in the DVD's are exactly the same pattern i've been trading this whole time !! So i didn't really learn anything from the DVD's but it REINFORCED my trading style greatly knowing that there's successful traders whose style is EXACTLY like mine. Lately, Fous has been shorting which is my end goal to be a short-side trader but i'm still getting a feel for the market/horrible broker for shorting so i'mma refine the long-side of trading in a shitty market first to give me more discipline then once i get an IB account, i'll start focusing more on shorting.

RJET, CRC

RJET

Bought 1500 RJET @ 1.54 15:41:07 03/03/2016

Chart is solid but the catalyst is so backwards. It's heading towards bankruptcy yet the stock is up wth? I was so confused and false rumours of a buyout are in the msgboards, it didn't help that there was a unusally huge buyer at the end of the day which didn't make sense other than an insider buying with info not known to the public. Anyways, went half my normal size just cause this was a weird setup.

Sold 1000 RJET @ 1.78 08:43:12 03/04/2016

There was a 1000 Bid @ 1.84 at 7:30am that I spent 10mins glaring at taking and I KNEW i should've taken it for a guaranteed 30cents profit but i let it go and the bids sank to 1.6 and i waited with regret til 9am and took some bids that was at 1.78. I cut down my size 2/3 instead of my usual 1/2 to cut alot of my risk since this was NOT an earnings winner/positive catalyst.

Sold 500 RJET @ 1.5127 09:31:00

Holy crap!! My mental stop was at 1.54 but hesitated a few secs which cost me another 3cents. Stock crashed to 1.3 within 5mins of the open.

Bought 1000 RJET @ 1.669 11:17:49

STUPIDITY ARISES !! Same mistake as last week... This is too much.. I'm putting a sticky in front of the computer. It'll say to apply LX21's Star Rating system.. Impatience/boredom set in and i MISSED CRC because of this stupid trade.dd

Sold 500 RJET @ 1.544/Sold 500 RJET @ 1.54 11:57:35

Spent 40 LOUSY minutes babysitting a shitty trade and i missed my entry on CRC 1.50 breakout on pre-market HOD. Not only did i lose 150$ but i missed out on an easy 600$. C'mon, i've got to control this impatience....

CRC

I was actually watching CRC on March 3 when it broke out of the previous day's HOD at 90 cents waiting for the 1.06 breakout since the earnings was released. I got bored babysitting and thought it's prolly not gonna breakout til the afternoon and pulled up a youtube video. After watching for 5mins i tabbed back to see it at 1.24 which was exactly where i had planned to exit partially to take profits, I missed an easy 18cents. Easy 540$

Fast forward 1day March 4

Pre-market was AWESOME !! But i was long in RJET already so i was fully focused on RJET at the open. After i closed my RJET, I knew i want in on CRC at 1.5 breakout on pre-market HOD and a nice solid "magnet" number. I was fully focused but on the wrong stock, i entered out of impatience on RJET even though CRC was the earnings winner. Because of impatience, i missed out on entering CRC at 1.5 like i wanted. Missed an easy 26 cents by close. Easy 600$

Bought 2000 CRC @ 1.71 15:30:05

MACD Bullish signal/Crossover/Higher Low confirmed.

Sold 1000 CRC @ 1.755

I was still scared because of what happened to RJET in the morning (even though this one IS an earnings winner) combined with the fact a few days ago this was trading in the 60cents range. Already up 200%, i think i'm ok with playing it safe and locking in a few cents and downplaying my risk.

On a 1y/Daily timeline. RSI/MacD multi-month bullish cross-over. It's the first time i've seen this and this i know for a fact happens very rarely on top of coinciding with an earnings win as a catalyst.. This was an easy 200%+ profit and missing out on a swing trade like this engrains this pattern in my mind.