COINW- Wow, I'm in Shock

Wow, I think this might be top all my trades, not because of how much I made which isn't that much compared to my other winners but the fact I stuck out a 6% drop, watched the stock and how it was reacting, decided to stay in and came out on top. I'll admit, I felt like puking when I got in at 4.20 and saw it drop to 3.50 I couldn't believe what I just did but I stayed calm, I wasn't watching how much I made or lost and paid attention to what the volume and price were telling me.

 

I initially put in a market order when I saw it hit 3.90 which is indicated by the black arrow on the price section of the chart but never got filled until 4.20 At that point I thought I just got in at the top and pulled a rookie mistake. It inched higher a little bit then fell hard. But what I thought was weird was that it fell hard at first on very very light volume. I thought it might of been the pros trying to shake out the rookies before it ran up. Once the big dip came in on light volume, the selling volume slowly started picking up, maybe from rookies getting freaked out or rookies getting their stops hit or whatever. I stayed in and when it hit 4.30 I said screw it, I've got to lock in some profit and sold half my shares. My nerves lightened a little bit and I could really focus now even more on what was going on.

 

I knew that the high for yesterday was 4.70 and I really didn't think today would be able to hit those highs especially because of the volume it did yesterday and how much volume we've done so far, it just didn't make a lot of sense. So when it hit 4.50 I saw the bid drop huge, I think it fell to 4.25 and I said, "ok, this might be the top, if not I don't care, I like the price, I want out". So I put in a limit order at 4.50 while it was bouncing around 4.50 the volume started running up and made a new high for the day indicated by the black arrow on the volume section. That tells me the public is now in the stock and it's a good price to bail. At the time I didn't know the volume would make that high but when I was sitting there waiting for my limit order to get hit I was watching the volume and it confirmed what I was thinking.

 

All in all, this has to be in my top 3 best trades of all time. I'm stoked that I stayed calm, watched the action, made a decision, stuck with it, and came out on top. I didn't sell because of the public freak out and rode it out with the Pros, haha.

 

 

VRUS- Best Gain Ever

Wow, just had my best gain ever passing up HSOA by a long shot. This was a 25R trade, which means I made 25 times my initial risk on the trade. Not my capital risk but how much I was willing to let it drop in dollars before I bailed. Anyone who likes percentages this was a 21.5% gain

 

Surprisingly I feel pretty calm. Slightly excited, but under control. My HSOA gain I was jumping around and couldn't believe how much I made, I think that was a 12-15R gain, can't remember.

 

Anyway, I got in at 22.33 started rocketing up and realized I was on to something so I got rid of my itchy trigger finger and bailed on half my shares at 23.77 Kept running and my room mate told me, sell sell!! I said, "I'm making money why would I sell?" I didn't want too, but I had so much cash and I felt content, so I bailed. Looking at the chart I shouldn't of sold out so fast. lol, even when I get huge gains I still bail out early. Something I need to work on badly.

 

SOLF- Can't Control the Cash Flow

Man this was an intense trade. I couldn't help notice the extreme amount of buying, strong momentum and the fact this thing has gone up about 4 or 5 days in a row now. So I got in at 23.08 I could of got a significantly lower price but it was moving so fast I couldn't even calculate my position size so I said screw and and adjusted my risk after. You'll notice I don't even have my black stop loss line on the chart because I didn't have time to put it on haha.

 

I immediately sold half my shares after I saw a 5R gain in the next few seconds. My account drained of all its profits and actually went red for a few seconds and that got me a little worried. I held on and watched it move back up pretty fast and decided to unload my last lot at 23.37

 

I basically got freaked and should of held out and waited as it's now up about another 30 cents or so, but I'm still working on the psychological fact that I could see a huge amount of cash flow in and then flow out. I need to get used to that because it will happen.  But this was a good start for the day.

 

The chart might not look like anything but keep in mind it's in 50 cent intervals and I usually deal with 5-15 cent intervals.