Lesson from today: never ever go afk without an alarm on all open positions. I’ll let you guess which of my trades dropped way below my mental stop while I stepped away for two minutes. No video for today …
+ BOT 400 SEED false Stock 14.160 USD ISLAND 08:30:01 2.00
+ SLD 400 SEED false Stock 13.932 USD DRCTEDGE 09:19:38 2.50
BOT 1,000 GSIT false Stock 5.74 USD ISLAND 09:30:38 5.00
SLD 1,000 GSIT false Stock 5.61 USD SMART 09:31:44 5.00
+ SLD 5,000 GRO false Stock 3.580 USD ARCA 09:32:01 25.00
+ BOT 5,000 GRO false Stock 3.560 USD ISLAND 09:42:38 25.00
BOT 80 GSIT false Stock 5.78 USD ARCA 09:45:36 1.00
+ BOT 1,000 GSIT false Stock 5.800 USD BATS 09:45:43 5.00
+ SLD 1,080 GSIT false Stock 5.930 USD BATS 09:48:51 5.40
+ BOT 1,000 NLST false Stock 5.820 USD DRCTEDGE 10:31:20 5.00
SLD 1,000 NLST false Stock 5.7000 USD SMART 10:42:51 5.00
BOT 10,000 RBTI false Stock 0.0770 USD SMART 13:28:47 3.85
BOT 10,000 RBTI false Stock 0.0750 USD SMART 13:33:21 3.75
+ SLD 20,000 RBTI false Stock .056 USD SMART 14:17:41 5.65
+ SLD 3,000 NLST false Stock 5.320 USD EDGEA 15:08:05 15.00
+ BOT 1,500 NLST false Stock 5.247 USD BATS 15:36:12 7.50
BOT 1,500 NLST false Stock 5.3100 USD SMART 15:37:24 7.50
Daily profit: ($493.14)
Disclosure: No positions in anything mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.
0 thoughts on “Trade recap: Welcome to the suck”
Was it SEED, kinda hard to tell between that one and NLST but you held SEED for a long time, at least for you. You did make some back on NLST later in the day.
hmm, I’ll give you the benefit of the doubt since it is hard to read the above trades. All my trades were only halfway decent or only mildly dumb except for my 25% loss on RBTI.
Yeah I see it now, I kinda thought you might take it easy today after your traveling.
By the way I’m getting into the IL chat, catching on and understanding more of what it’s about. It will be nice when I get myself out from under the PDT so I can trade more, but I am not going to use that as an excuse to lose money faster. I’m doing pretty good with my daytrades now looking for good setups and I’m getting to the point where I think I can handle unlimited trading, just because I have unlimited trades I would like to keep looking for good setups.
What was your reasoning on the entry for RBTI? Looks like based on the daily charts this thing doesn’t have any real support until 4ish?
The chart doesn’t matter. It was a pump & dump. There is a limit to how much these things will fall in a day; they’ll usually bounce once they are down 50% to 60%. That being said, it was a risky trade.