Wasn't planning on trading but I was watching IDMI for a couple hours and finally decided, screw it, I'm going trade this. Got in at 2.05 ran up after I got in which is always a good sign. Sold some at 2.11 Fell back down and started making lower highs but higher lows. I don't like those kind of patterns. I sold the rest at 2.08 Not a big gain or anything but good enough for a 30 second trade.
I saw CTDC at the open and it didn't look too hot. What I overlooked was that it was way above R2 at the open. Which should of told me, Hey, this is gonna break out. Well, I didn't get in until I kept hearing my audio alert going off like crazy and it was CTDC that kept going off. So I finally got in which I wasn't planning too. I was actually playing some madden and I was watching CTDC out of the corner of my eye and got in at 8.69 and got out at 9.
I got out at 9 because I thought the round number might be some kind of barrier which it was at first but the buyers stepped right up and ate up all the shares and it blew by. There was no reason to sell and what I based my sell on was stupid. It had great momentum, the EMA's were increasing and volume was great.
Traded PRGO a little late in the day and late in the rally. I was watching it move all day as I was in CPHD and ERES, lol. Saw it pullback a little and got in at the perfect time. Which was interesting because I felt really uncomfortable doing the trade but I also felt really confident. Something I didn't feel during those other 2 trades. In fact, I felt like I made a mistake right when I bought CPHD but I held on anyway to give it a chance.
I had a target of 29.20 when I got in at 28.91 with a stop at 28.60 PRGO hit my target of 29.20 but I never pulled the trigger. I got that thought in my head again that, oh it'll go higher. Well, it didn't basically peaked and fell again. I had my finger on the trigger as I was watching it come back down and sold on reaction when it hit 28.99
I'm not too worried about selling immediately when I get to a loss on a stock. That part I can handle but I need to focus more on selling when it hits my target. I think I might start using sell orders when it hits my price target and keep using my mental stop losses until I can sell immediately when it hits my target instead of waiting around for it to go higher and then holding it as it comes back down.
