SOMX- Crazy Ride but Ended Well

So I broke my plan already. However, the trade did turn out well, very well.

I bought SOMX yesterday at around 12:55 PM Pacific time, 5 minutes before the close. I bought in at $9.20. I watched the stock move nicely; eventually hitting $10 which was a good time to sell for a number of reasons. One reason is that 10$ is a whole number and any time a stock approaches a whole number, it's a very cautious point. Second reason is I had about 30 seconds before the market closed and I wanted out. I really dislike holding stocks over night.

I went about setting up my order to sell at $10 and hit the preview before finally submitting my "final answer". For whatever reason, I don't know why, I never hit the submit order button right after the preview stage and ended up holding the position overnight. A definitely scary situation considering the stock fell all the way back to $9.20 after hours, wiping out all my paper gains. I immediately put in a limit order after hours at $9.10, .10 cents below my buy price. A tight stop price, indeed, but I wanted to limit the loss from my stupid mistake in case the stock decided to sell off at the open, I'd be out.

In the end, I was forced to hold the stock over night. The next morning I was watching pre-market to get an idea of what it was doing and was surprised to see it bouncing between 9.30-9.40. What was amazing was watching the stock jump .35 cents in 1 second immediately at the open. Before I knew it the stock hit $10.35, fell a bit and I hit the sell button and bailed out right at $10, which is the price I wanted out in the first place. A great end to a bumpy night; a 7.14% return!

The chart below is 2 days worth of intra-day data on 10 minute interval candles. The red and green lines roughly represent my entry and exit points.

If you like this post, you can subscribe to my blog to recieve updates. Thanks.

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.

 

HSOA- Best Gain in a Long Time

I was looking around my watch list for about 25 minutes looking at a lot of charts and to see if I could spot a strong one. I almost bought RDN and LEH which would of been at their peaks but I didn't buy them. Something about them didn't seem right. I came across HSOA and I loved the momentum it had and it was backed by the strong volume along with going against the QQQQ's (something I've really been keeping an eye out for). I also loved how it was flattening out under resistance but still making higher lows. I hesitated to get in at 2.39 and sure enough I saw it blast through resistance. I got my order in at 2.45 and unloaded my first lot at 2.48 and then again at 2.53

 

I didn't raise my stop that much because it flattened out a bit and I didn't want to be too aggressive so I left it alone. When it started blasting up like crazy is when I really started moving my stop to break even and then to 2.60 which I got close to be stopped out. Once the blast off seemed to settle I saw the selling pressure increase for the first time since this whole move and I figured a decline was coming. I was happy with what I made and decided to unload the last 50% at 2.67 Another wise move as it ended up falling to about 2.56 as I'm writing this and watching the chart.