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.
AMCN
I shorted 2000 shares at 3.06 into the 2nd minute candle, and then added 1000 shares at 3.11, I was trying to add another 1000 at 3.11 when it was still topping out but missed the last order. I covered 1k right away at 2.98 just to take some risk off and I could replace that cover on a bounce, it popped to 3.11 again but I had no orders in and didn't want to hit the bid around 3 if it started to bounce more, even though I was pretty confident it was going lower. I covered another 1000 at 2.93, then tried to cover another 1000 at 2.90 and got 200 filled, I didn't want a partial fill to mess up my trade so I changed it to 2.92 and covered the last 800 for a decent trade. It would have been better if I got more size and if I held onto some of the position longer as it shortly faded to 2.70-2.80.
| Type | Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| Short | 3.08 | 2.94 | 3000 | $0.13 | $404.00 | 4.38% |
- Lessons:
- Can use more size on GOOD SETUPS that I have conviction in, I was pretty confident in this trade but still sized in fairly small compared to what I could have, nailed it but could have been a bigger gain
- Can try to be more patient with a winner when it's doing exactly what you thought it would, the ideal trade was a green to red washout and covering 2.70's or 2.80's (previous support area yesterday before the gap up), but I had covered everything before 2.90
JRJC
Shorted 1000 shares at 5.78 into the parabolic, I didn't have the perfect "top tick" entry (it hit 5.87), I was trying to add another 1000 5.86ish but missed it. It pulled back to 5.60's and I had an order waiting at 5.63, it held 5.66 and I was trying to cover on the bid 5.66-5.68 and didn't get filled. I really wanted to cover when it was still basing there, considering my average wasn't that great and it's a thinly traded stock, but I wasn't aggressive enough, I should have taken the ask 5.70-5.75 for a tiny profit and then waited for another push to reshort. I add, add, added a lot because I was my average was so bad from that first entry which I didn't cover for breakeven/tiny profit. Ended up with 4500 shares 6 average and covered everything 5.85-5.96 for a tiny profit just because the stock is so thinly traded and thought it might uptrend again, but it "stuffed" on those two green candle bounce attempts to 5.90's and then faded to 5.60 within the next 15 minutes.
| Type | Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| Short | 6.00 | 5.90 | 4500 | $0.10 | $451.50 | 1.67% |
- Lessons:
- Be careful not to add, add, add so much, especially in bad setups, I have a habit of sizing into bad trades, trying to make it work and usually covering/selling a lot of it for breakeven after being down, and then having no size on good setups that I nail
- Make sure to cover after shorting a parabolic when it starts to base again, especially when still "early" on a thinly traded stock, CAN ALWAYS TAKE THE ASK for a tiny profit or breakeven once it's still holding, it will likely spike higher again
VLTC
No shares to short on this today, so I was only trading it long. Nate absolutely nailed this today, unreal, over a dollar a share in gains, starting long below 4.40. I'm not comfortable chasing into strength and I was waiting for dips to go long, I tried to go long around 4.76 but missed my fill and didn't chase it up, I probably would have sold 4.90-5 anyways. Off she went to 5.67, it washed out to 5.40 in one candle and I was somewhat trying to go long there but was waiting for lower. It squeezed up to 5.90s then pulled back to 5.50 in a few candles. I scaled in 3000 shares into that washout, 5.57ish avg and sold for a small profit at 5.69ish on the immediate bounce. I let it just trade out in the 5.50 area, and was looking to 5.30's to go long again. It went to 5.34 and I bought 1000 shares at 5.34, I was willing to scale in again to 5.25ish (where VWAP was). Since it bounced right away, I only had 1000 shares, and I sold at 5.47 for a small scalp, I really didn't expect such a huge rebound up to 6.18, missed 60+ cents I guess. Scalped it long on the washout at 5.94, sold 6.02. Then came the start of the really bad trade, I had THREE orders already in, which I normally wouldn't do, I would normally maybe have one order in and then make other adds accordingly to how it's acting. I had 1k at 5.87, 1k at 5.84 and 1k at 5.81, the candle washed out all the way from 6.06 to 5.70 and filled all three on the way down. I knew my entry was really bad now, but tried to make it work by adding another 2800 shares 5.67-5.74, now 5800 shares 5.78 average and I got 3000 sold 5.77-5.84, I was expecting a quick pop over 5.80 and then fail but didn't make sure to have all the orders in low enough (I had some waiting 5.87-5.89), and didn't expect that much of a washout either. It washed out from 5.80 to 5.57 and I added the 3000 that I sold back at 5.58-5.64 to give me 5800 shares again at 5.70 average. I made sure to sell it ALL into the next bounce and sold everything 5.67-5.72, except for 100 shares that didn't fill, I tried to readd 1000 at 5.56 and got 400 filled and then I sold the 500 I had at 5.60, it ended up holding that 5.55 area and then bouncing back up to 5.90's and above 6 again later, which could have been a big gain holding that huge position but I was making sure to sell ALL this time, my sells were good at the time and I could have rebought again when it was holding 5.55-5.60 area, that would have been the better trade. It did another huge "stuff" and washout from above 6, from 6.05 to 5.71 in two candles. I had 2k shares 5.84 average and I could have sold that 5.85-5.92, but I wasn't quick enough to put orders in, and was sitting on the ask at 5.90ish and didn't change it lower or hit the bid at 5.85, it washed out further and I added another 4000 into that 5.77-5.71, new average 5.78ish and sold it all 5.80-5.87, for a decent profit only because of my huge size.
| Type | Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| Long | 5.57 | 5.69 | 3000 | $0.13 | $380.00 | 2.28% |
| Long | 5.34 | 5.47 | 1000 | $0.13 | $130.00 | 2.43% |
| Long | 5.94 | 6.02 | 1000 | $0.08 | $80.00 | 1.35% |
| Long | 5.71 | 5.73 | 9200 | $0.01 | $102.00 | 0.19% |
| Long | 5.78 | 5.83 | 6000 | $0.06 | $340.00 | 0.98% |
- Lessons:
- Be careful not to add, add, add so much, especially in bad setups, I have a habit of sizing into bad trades, trying to make it work and usually covering/selling a lot of it for breakeven after being down, and then having no size on good setups that I nail
- NEVER have THREE "fishing" orders with that much size waiting for a washout/parabolic, you never know how far it can go, it's better to just have maybe one order in, and then just react for any other entries
- Try to be more patient with a winner when long on the UPTREND on these massive "squeezing" low float stocks (Had I bought at 4.76 I probably would have sold for 10-30 cents and missed over a dollar, and I did miss 60+ cents on my perfect entry at 5.34 by selling at 5.47 before it went 6+)
- When scalping washouts long, make sure to sell at least some if it's still acting weak (on the second trade I could have sold for 1-5 cents when it was still acting weak and then rebought lower instead of trying to do it all in one trade which was more more risky if it just kept washing out lower)
- When scalping washouts long, make sure to SELL ALL INTO THE BOUNCE, make sure EVERYTHING gets filled, can hit the bid if needed (my first trade I expected a quick pop over 5.80 and it went to 5.85, but then I failed to exit half of my position where I could have easily sold 5.78-5.82 by hitting the bid, it washed out another 20 cents from there)
ROSG
This was halted on some positive news, it opened at 3.60 from 2.95, and traded from 3.48 and bounced up to 3.80's, I didn't short it, hard to know how far it could go and how people will react to the news, hard to predict a huge washout like that from 3.80 to 3.46 in two minutes. I put in an order to go long at 3.46 when it was washing out, and got 700/1000 filled as the "bottom tick" on that candle, and sold 30 seconds later at 3.57 for a quick scalp. Had an order to go long again at 3.38 but then decided to try 3.33 and it hit 3.35 and I missed it. It slowly grinded up from 3.40ish to 3.60ish but failed at VWAP and then faded back to 3.30ish, would have been a nice place to short using VWAP as a guide.
| Type | Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| Long | 3.46 | 3.57 | 700 | $0.11 | $77.00 | 3.18% |
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