VNR
Bought 500 VNR @ 1.27 12/05/2016 15:48:08
Just like in RJET when the big move happened during extended hours. I was still at work when i saw it peak a 1.44 on my phone's ToS Trader App, i didn't think much of it at the time and thought it'd keep on going. I completely forgot about my profit target of 1.40-1.50 and I didn't realize at the time that my goal was to sell just under it testing 1.5. I was already up 13-17cents a share/~10-15% and yet i didn't take my profits.
To make it worse, once i finally got home and logged in. The price was going back and forth at 1.30-1.34, i had the feeling that i've been in a similar position before and KNEW that the chart was broken. Each experience is indeed unique when i'm winning so it's bad to associate the past when i'm winning. But if i'm about to lose my profits or go into a loss and i associate my current position to one in the past--it should've been a wake up call to GET OUT QUICKLY and MINIMIZE MY LOSSES. What did i do? I ended up holding til 1.30 cracked all the way down til 1.18.. Held an extra minute or so because i knew a good probability of a small bounce because of <30 RSI.. and sold my position at 1.2. It eventually rebounded higher to 1.25 but the RSI was already out of the 30's and holding on would've just been the wrong thing to do even though it would've meant a smaller loss.
Sold 500 VNR @ 1.2 12/06/2016 09:21:25
What should have been a 65$ profit turned into a (-35$loss)+(-20$commission)=55$ P/L
** In hindsight, i'd need to gain at least 1%/trades taken just to break even on position's so small. Small lesson learned but i was able to get back into the rythmn of trading without losing alot.
SGY
I honestly don't remember why I put this here so I've got no comments for this.. Prolly something for shorting.
NVCN
Another stock that fit my F3/Pre-market GO-TO-SETUP that I wasn't watching.
