Monday 8/17: Once $AVEO failed to hold premarket levels above 2.50 I started eyeing it for a short. A perfect entry would have been in the 2.40s-2.50s with a stop in the .60s, but I hesitated and got filled at 2.38. Covered all at 2.10 and then another attempt once it made a new LOD, which got stopped out right away. I should have exited in partials and just let 1/2 run with a stop at breakeven.
Tuesday 8/18: When $SUNE was showing weakness around $15 I got in short at 14.93 with a hard stop at 15.05. It popped up and stopped me out by a cent which pissed me off, but thats the price you gota pay for setting hard stops. Once I get more robotic and able to cut losses on my own Ill stop using them, but for now, I have let way too many losses get bigger than they should have been. I got short right back in at 14.95 once 15.06 confirmed as resistance. Covered all shares at 14.75. After the washout around 10:45am it bounce up and now 14.50s were acting as resistance, once again trying to use whole and half dollar marks as guides. Shorted 200 shrs at 14.48 and then added 200 more shrs at 14.44. I covered in partials here at 14.19 and 14.12.
$OMER was just a pissed poor executed trade. I was looking for the break over the HOD, which ended up coming an hr later. This stock had a wide range so it blew past my .20 cent stop I usually use. I didnt even have time to set the order, and then I accidentally added instead of selling and ended up with 400 shrs that I got rid of quickly in a panic. Should have only thrown 100 shrs at a stock thats moving around so much and should have been looking to buy near support in the 23.30s. I need to work on my longs. I've def feel more comfortable and have more success shorting.
Wednesday 8/19: $CRBP was a big gapper that just went straight down after the morning move. Once it crossed the VWAP I got in short with 400 shrs at 3.35. I accidentally double clicked the button and sent two orders so I got filled 800 shrs short at 3.35. Covered half at 3.19 and then had too tight of a stop on the rest and got out at 3.20.
Thursday 8/20: $CLTX. My first entry on this was a result of having no patience. I should have waited for the pop towards 3.20s and used 3.40 as a stop. My second entry wasn't bad, but for some reason I put in a stop order only .05 cents behind my entry which caused me to be stopped out almost immediately. Finally got it right on the third try and got .75 cents /share profit. I was patient and waited for a exit signal which came around 1pm with a big volume spike and lots of buyers around that level so I covered 300 shrs at 2.20. By 2pm the stock was already reversing (not on the chart) and by 3pm it was already above 3.50 and headed towards 4 so turns out I nailed the exit on this one.
Friday 8/21: I'm embarrassed even putting this up. With the markets tanking and having the worst day in 4 years I should have known to just take off. I only had one profitable trade out of five and I think they were all horrible. The stock wasnt even down trending, notice how the first low at 4.16 was never broken, and even after 11am it stayed above that level so I should have stayed away. I need to stick to what I'm familiar with and quit wasting time, money, and effort trying to force trades.
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