My last posts were mostly ranting/summarizing. Ideally, i'd like to give a rundown of the trades on a trade by trade basis but it really depends on how much time i really want to give to the blog. I'll be keeping a diary of it off the blog to keep track of it but as far as the blog, i'll post it if i have time.
TRXC
2/9/2016 10:12:02 Bought 175 TRXC @ 3.85
2/9/2016 10:16:15 Bought 825 TRXC @ 3.8995
Bought into it, felt i was chasing and i almost got scared out of the trade when it started to downtrend. However, using RSI gave me the conviction that it was just correcting itself/finding support of a higher low. After i waited out the correction and the higher low was confirmed, The stock kept uptrending.
2/9/2016 13:13:27 Sold 400 TRXC @ 4.3301
Lower high, locked in some profits, in the future i would lock in at least half.
2/9/2016 17:43:46 Sold 600 TRXC @ 3.43
Was headed to bed when i thought i’d open twitter for the first time in months. Saw a dilution deal news come out and i frantically looked through my broker’s manuals on how to do extended hours trading. Was out for a small loss, I would do the trade over again though. If i held on o/n i’d be up but 1)Cut losses quickly here was good discipline.
2/10/2016 08:49:26 Bought 500 TRXC @ 4.01
Cool, bought pre-market ;) .. solid uptrend will sell at 4.4 resistance or 4.8 retest
2/10/2016 9:57:32 Sold 400 TRXC @ 4.3595
Instead of selling at 4.8 retest as planned, got greedy and held on hoping for a breakout. I ignored the Dilution news and obviously the trend failed and started to crack. I was out once my mental stop loss of 4.4 was hit.. Still profitable but greed caused me to deviate from the plan which is a big nono. Stick to the rules…
2/11/2016 9:32:09 Sold 100 TRXC @ 4.09
Due to fat fingers, I did not sell all my shares the previous day like i woulda have liked. Closed out my position at market open and called it a day.
THST
2/9/2016 15:51:36 Bought 500 THST @ 1.68
Bought the dip from 1.93, Felt good on my entry. Plan was to hold o/n and sell at open if no volume or into a morning spike.
2/10/2016 10:02:16 Sold 500 THST @ 1.48
Got greedy and ignored the fact that there was no volume/interest pre-market so i did not sell at market open as planned. Hoped the stock would gain attention and push higher but i got humbled down and it faded like i thought it would. ***HOPE IS NOT A STRATEGY*** I missed some good exits to be slightly up/breakeven cuz i was too focused on TRXC/Hoping it THST would still break out. I got out once it hit my mental stop loss of 1.5
