Trade recap: Welcome to the suck

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”

  1. 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.

    1. 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.

  2. 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.

  3. 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?

    1. 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.

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