Review: 01/13/2015

Ticker: ATEN

I was lucky I was able to sell today. It was my fault that I purchased with unsettled funds and I hope I do not do that again. This was a 37 cent loss. You can read why I purchased this stock in the first place here.

So I wasn't around in the morning and when I got back, I wanted to sell as high as possible. I sold out within the channel as it could not break the resistance at $5.12. I realized that this stock was going downhill so I better get out while I could.  The lesson here is, when a stock is on a downtrend, don't be optimistic and don't fight it. I could have lost a lot more if I held on. Luckily, I didn't.

Note: I have realized a pattern with how a bar closes. It seems like if it is above the previous high, it is likely that it will continue the next day. If not, then it may be done. I need to examine this pattern more. I also have to pay attention with volume before I buy things.

Ticker: DCA

I sold for 2 cents higher, but I could have done a better job with this stock. I was stubborn and paid the price once again.

I should have noticed that the closing price was lower on 01/09/15 and that it made a lower high and lower low the next day. This was stupid on my part, so I lost out. The stock looked very good this morning until it plunged straight down. I was warned 4 days ago, so I think I might be blind.

Note: Take a look at today's and yesterday's closing price. Also take a look at volume to give you signals of when to get out. At the end, the decision is yours, but these signals should not be taken for granted. 

Please let me know if you have any comments or opinions. I would like to know if you have spotted any mistakes in my logic. 

Recap: 01/12/14

Ticker: ATEN

What happened? My stop was at $5.36. Why didn't I sell out? That's a good question because the answer is that I fucked up. This is not the first time, but I hope it is the last.  The reason why I couldn't stop out was because I couldn't make an order. I purchased with unsettled cash and now I will be burned.

Note: I got very emotional after my lost trade with BIND, so I purchased this stock just so I can get back the money I lost. Sure, it had potential, but I should have waited until my cash was settled before taking a position. Settled cash is the safest way to go, because I using it lets me get out any time. Unsettled cash is a lot more risker and it is not worth that risk for the potential reward, as you can see today. I have never been successful using unsettled cash, so I will officially stop now. My emotions have led me to horrible results. I must stop trading with emotions before things get fatal. 

Note: I have been making some stupid moves and it's been losing me money. I will probably reset my accounts this week and take a break before trading again.

Please let me know if you have any comments or opinions. I would like to know if you have spotted any mistakes in my logic. 

Recap: 01/09/2014

Ticker: ATEN

I saw this chart on scan and thought it could run to at least $6.00, so I took it as a swing.

Took my entry in the morning @ $5.45. I was stupid because I did not notice the amount of volume this thing had. There  was no way this thing could push higher. My stop was low of day so I waited until it formed an ascending triangle. However, it just faked the bulls out and fell. I still think this thing is primed to run once it gets some volume so I will be patient. My stop is below low of day @ $5.37.

Note: Remember to always look at the volume before buying in for a gap play. It has a large influence on how the chart could perform. If I had noticed, I would not have purchased the stock at almost its highest point. If the volume is high and the stock is popping, it is okay to buy at market. If it is low like this, try to be more patient and wait for it to retrace.

Note: Did you notice that huge volume spike at 11:00AM? It is very strange and saved this stock from going all the way down.

Please let me know if you have any comments or opinions. I would like to know if you have spotted any mistakes in my logic.