The first one was an opening few minutes "washout long" and then it held higher lows and reclaimed VWAP, I made about 20 cents total and could have made another 60+ cents on 2k shares. The second was using VWAP as support for a long when still "early" on a big runner, and I scalped out for 7 cents when I had the perfect entry, and missed almost another dollar per share on 3k shares had I held for another 30 minutes.
Then I was trying to scalp the "backside" long for tiny scalps just because I had no shares to short, but there was really no reason to go long yet. I started in 5.50's, looking for 5.50 to hold, it didn't, I added more hoping for VWAP to hold, it didn't, I added more lower and luckily ended up making a tiny profit overall. I got lucky on this stock today, it had some surprising strength to be able to RECLAIM VWAP multiple times, many of the stocks I've traded lately, have a big move, break under VWAP, try to reclaim VWAP and either fail at it or fail to hold above it, then fade the rest of the day. I need to be more careful with my "add, add, adding" especially when under VWAP and downtrending, there was no reason to still be long and I was averaging down into way too much size. These trades need to be quick scalps only, I need to make sure to take a tiny profit/tiny loss when it's stalling and not bouncing much, and then I can rebuy again lower in another washout or once it starts to make higher lows. Also making sure to sell ALL into pushes (you gotta be selling when everyone wants it), I got partial fills and didn't hit the bid a few times, then the bids just get "smacked" and it's down 5-15 cents again in a minute or two (mostly because of the spread being 3-5 cents).
Overall, the lesson is to be more patient with a WINNER on GOOD/IDEAL setups (and possibly using more size) and to be less patient with a LOSER and use less size on setups that aren't IDEAL, or avoid these entirely, but if you "have to" trade them, use LESS size and take the small profits when you have them as that's all you were looking for.
FOR NEW READERS ONLY: If I am scaling in and out of a position, that is considered one trade until I am completely out of the position and then it becomes a new trade, that's why some trades have a lot of shares, even if I never had that much at once, if I cover half and then re-add my cover, it's still considered one trade until I am completely out. The entry is the average of the entries and the exit is the average of all the exits. The entries/exits are rounded to 2 decimal places, but the exact number is calculated for the PnL, so that's why the dollar amount may look different than what you see. (it may be 7.165 instead of 7.17, etc). Also, you can click on the charts if you want to make them bigger to be able to better see the entries/exits.
GBSN
Former runner, low float, big gap up from 3.54 to 4.84 on positive news of "FDA clearance", I can only trade it long because I don't have shares to short. It spiked to 5.09 at the open then washed out to 4.66, I went long 1k at 4.67 and tried to sell immediately for 10 cents at 4.77 when it wasn't bouncing much, I got 300/1000 filled and then it pulled to 4.61, and I added another 1000 at 4.61 (turned out to be the LOD before a HUGE move up). My order at 4.77 was still in and it got filled, then I tried to sell the rest at 4.84 and got 100/1000 filled, it dipped again to 4.68 and then HELD a HIGHER LOW, I tried to take the ask for 1k shares at 4.70 but I missed it, it spiked through VWAP to 4.90's and I couldn't help myself taking profits and sold at 4.98 (200 share partial fill at 4.94 and 700 at 4.99), it hit 5.20 on that candle then hit 5.50 on the next one. It dipped to 5.18 and I wanted to scale in 2-3k shares 5.16-5.18 and all I got was 800 at 5.18 and sold it at 5.39. Then it washed out to 5.09, which was right at VWAP, and I bought 1k 5.13, 1k 5.12, 1k 5.11, to give me 3k shares, 5.12 average. I then proceeded to sell it all like a complete "piker", 1k 5.15, 1k 5.18, 1k 5.24, it hit 5.35 then dipped back to 5.15 area and HELD a solid base ABOVE VWAP and a higher low than 5.09. Then it did a "bull flag breakout" from there and off she went, the "next leg up" to 6.10 eventually. I could have went long on any of those dips but I would be waiting too low for entries or miss fills and then it would keep spiking. This is another good example of resistance becoming support, it broke to 5.50 to 5.75ish then pulled back to 5.50 again and HELD, then spiked all the way up to 6+ from there. It was fading from there and I was trying to scalp it long even though it was now the BACKSIDE, I bought at 5.64 and only got 400/1000 filled and tried to sell at 4.76 and only got 100/400 sold (so frustrating all the partial fills today), then added 1k 5.62, 1k 5.65, and sold it all at 5.69 when a big buyer was getting "smacked", it popped to 5.79 on one candle then faded to 5.50's. I bought 1k at 5.53, then was trying to "add to a winner" when it looked like it was perking and bought another 2k around 5.54-5.55, it popped to 5.58 but that was it, then broke 5.50 to 5.42 (right where VWAP was), I added more there thinking/hoping VWAP would hold, but it didn't, I added more lower and eventually ended up with 8924 shares, 5.46 average and the lowest it hit was 5.32, it bounced to 5.47 and I missed selling a single share, then it dropped to 5.31, thankfully/luckily bounced again to 5.50 and I got 4924 sold into that for breakevenish (but still had 4000), it dropped as low as 4.26 and I was scaling in and out in that whole mess, adding into panic on the bid and selling into strength on the ask, eventually out of most for a tiny profit overall, I only had 1100 shares left when it reclaimed VWAP and went 5.50+, and I sold that last 1100 at 5.53. I ended up making 3 cents total on 16324 shares (not a good trade at all and very risky if it didn't bounce). Then I did a few very tiny scalps and some partial fills again, from 5.18 to 5.24 and 5.68 to 5.74, I missed the VWAP reclaim and other "long's off dips" trades because I was unable to connect to the order server for around 30 minutes. Then I was "add, add, add" "washout scalping" again from 5.30's to 5.40's, which could have been much better again if I was making sure to sell all into bounces or making sure to sell at least some when it wasn't bouncing much (I had decent initial entries on my first 2000 shares but didn't sell any for a tiny profit and turned it into another "add, add, add" trade). Lastly, an EOD scalp which was somewhat on accident, I had an order in at 4.91 when it was washing out below 5 earlier and I was just about to cancel it but I got filled, then I added at 4.91 when it looked like it was bouncing and sold it all for a tiny profit. 
| Type | Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| Long | 4.64 | 4.87 | 2000 | $0.23 | $455.00 | 4.90% |
| Long | 5.18 | 5.39 | 800 | $0.21 | $168.00 | 4.05% |
| Long | 5.12 | 5.19 | 3000 | $0.07 | $210.00 | 1.37% |
| Long | 5.64 | 5.69 | 2400 | $0.06 | $137.00 | 1.01% |
| Long | 5.40 | 5.43 | 16324 | $0.03 | $424.06 | 0.48% |
| Long | 5.18 | 5.24 | 750 | $0.06 | $45.00 | 1.16% |
| Long | 5.68 | 5.74 | 1206 | $0.06 | $76.48 | 1.12% |
| Long | 5.35 | 5.41 | 7100 | $0.06 | $394.00 | 1.04% |
| Long | 4.91 | 4.96 | 2000 | $0.04 | $90.00 | 0.92% |
- Lessons:
- Be more patient with a WINNER on GOOD/IDEAL setups
- Be less patient with a LOSER and use less size on setups that aren't ideal, and take the small profits when you have them as that's all you were looking for
- Have self-control and discipline to remain under 7000 shares at all times, always make entries and exits according to this max size
- Be much more careful on longs under VWAP (this could have just kept fading as many of the recent runners have once they faded below VWAP, this was a rare case where it reclaimed above it multiple times)
- Once again, higher lows and VWAP reclaims in the first 30 minutes can be VERY POWERFUL (and also VWAP can then be used as support for another "leg up")
VLTC
Absolutely unreal stock again today, "punked" all shorts that thought the 19.20 to 16 EOD pull yesterday was "the end" and squeezed everyone from 17.40 open (16.18 previous close) all the way up to 21.75 in the first 30 minutes. It washed out a dollar from there, then "topped out" with lower highs, then washed from 20.50 to 18.51 in two minutes, I scaled in 600 shares long 18.64 average which was a great entry at the time, I could have sold at 19.19, I originally had an order in somewhere around 19-19.14, but it did a quick pop to 19.19 right as I was changing it lower to make sure I got filled (I have to cancel the other order to sell because there are no shares to short and it will say "security not short-able"). I missed it and it washed out to 18.10, I wasn't afraid to add more into such a big washout but I wanted to make sure of the entry and I missed any add's (I was waiting at 17.80's or something). It popped right back up and I sold at 18.81 for a tiny profit, right as it popped over 19 again. This trade would have been much better if I had gotten the first exit for around 50 cents then I would have rebought again lower for another 50+ cents, instead of making less than 20 cents total. It washed out more from there to 16.75-17 and held that as a bottom twice, and grinded back up to 18.50's, then a slow fade from there, and a green to red washout and eventually hitting as low at 14.61. Today, this stock "felt" much different because it was so far below VWAP, this is the first time it's been that far below VWAP in the last 10 trading days, there are finally longs that are "underwater" and have a reason to sell/panic. Although I couldn't short it because I don't have shares, this was a great experience to watch the action on such an insane "supernova", and watching the huge emotional spikes and washouts. I felt like I had a pretty good feel for the action, the stock seemed to do what I was expecting it to. I feel that VWAP is key indicator to help you know when a huge runner is finally going to have the "fade, fade, fade day", like I said before, this is the first time in the last 10 trading days that VLTC has ever been that far below VWAP, there are finally bagholders/longs with a reason to sell/panic (anyone that's long from 19.50-21+ is DOWN A TON at 17, 16, 15, etc.). I'm no expert, that's just some of the observations that I noticed on VLTC today and what was DIFFERENT today than the last 10 days.
| Type | Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| Long | 18.64 | 18.81 | 600 | $0.17 | $102.00 | 0.91% |
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