SOLF Two Trades

Made 2 trades this morning in SOLF. I got in at 39.93 after I put in a limit order for 37. Which was good, lower the better as I knew this thing was going to move more. It had a nice rally with huge volume and this pullback was expected. I wanted to get in low because the selling volume was very very weak compared to how much buying volume was going on. Well, what happened was I had an order to sell all ready and I decided to cancel and I hit send order. Zecco has recently changed their layout and I don't know if they changed their send order and cancel order buttons or not but I could of sworn they were in reverse order. Anyway I sold at 36.35 on accident.

 

 

 

 

Once I realized I was out of SOLF when I thought I was in, I put in another order to get back in on SOLF. I got back in at 37 and sold out at 37.30 not quite as much as I was looking to get back but I rode a small move that I was expecting and got out 37.30 making half my loss back.

 

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.