Pay Stopped Out

Went long on a massive wide spread decline. I thought I might be able to duck and run as the bullets were flying by my head. I got in on PAY at 44.81 which is a pretty high price in retrospect. I bought on a huge tall shadow and then it fell big time and slowly made its way to where I got in and then basically declined after that.

 

It was strong at first and then remained strong for about 30 minutes after everything started to decline and then PAY finally broke down and gave in to the wide spread selling and started selling off as well. My initial stop was around 44 but I raised it to 44.20 where I was finally stopped out.

 

CROX, Stopped out but Happy

I got stopped out of CROX but I'm happy with the overall trade. CROX was up on some really good volume. I think around 90% of their daily volume in the 30 minutes. That got me interested so I pulled up the chart and watched the rally. Saw it pullback which I was also looking for and got in. Once I was in it established support which I liked. I had a target of 43.40 to sell 50% of my shares. Once I sold half I was going to raise my stop to break even so I could have the rest of my shares in a risk free environment.

 

CROX was following the market very closely and started falling as the Q's were heading down and the beginning of the sell off started. I got stopped out around 62.20 and I got in at 43.05 My plan was executed flawlessly. Once I got stopped out subconsciously I'm sure I was mad that's probably why I went to go chase QID on the rally.

 

WCRX Stopped Out

WCRX had a nice volume increase about an hour or so after WIND and ERES did. It peaked above some resistance I believe that turned into support and I got in at 19.01 It stayed steady for the most part for about an hour almost. The market had a wide spread sell off which caused WCRX to finally break its steadiness and dip a little down. I got stopped out at 18.90

 

As I'm writing this it seems to be hovering around 18.87 and on very low volume. Could see a comeback after this dip now that the market seems to be rallying back up a tad bit.

 

Stopped out of CPHD

Unfortunately, I decided to go long just before this wide spread sell off started, haha. Everything looked good, right when I got in on CPHD at 25 everything started to fall, I was a little annoyed. I got stopped out at 24 and it looks to be hovering around it for now. I wouldn't be surprised if it starts to rally right now lol. Isn't that how it usually works? Get stopped out just before a rally? Oh well, I should of put my stop at a better spot.

 

Stopped out of AAPL/Mental Stops

Stopped out of aapl earlier this morning. What I'm going to do from now on is still use a stop but I'm going to make it a mental stop. I'll draw out my stop and see it reacts to it. If it keeps falling then I'll sell but if it seems to stall out like it did here then I'll hold. There's been a lot of times I shouldn't of been stopped out but I did. CHNG for example, bought it at the dip on everything tanked and immediately got stopped and it rallied big time the next couple days. If I just kept that mental stop and watched it closely, I wouldn't of sold.

 

Not much else to say. Rallied in the morning real quick and fell and then stalled out. Stuck in another channel like Friday. Upper and Lower tredlines are starting to come to a point. Could see some serious action this week.

 

Stopped out of ICOC

No surprise here. ICOC had a quick run and as fast as it went up it quickly fizzled out and I got sucked into it. I had a super tight stop because I knew it was pretty much done for but I still wanted to give it a shot to the upside. If it fell I thought it'd probably keep heading down. Got stopped out 14.77

 

Plus, the markets have been really neutral lately, not too much has been going on. Probably in anticipation for earnings season next week so I shouldn't get too hopeful when it comes to getting a winner this week. I'm still keeping an eye out though.

 

Stopped Out of ISIS

Doesn't really surprise me as it seemed kind of fizzled out when I bought it and there wasn't much time left in the day. Worth a shot though. Lost about 1.5% of my overall portfolio. Got stopped out at 16.78.

 

Stopped out of HSOA

Looks like I was stopped out. I'm gonna have to re evaluate the way I've been picking stocks.

 

Stopped out of LUM

I started tightening my stop as it was going up and to account for the risk/reward ratio. Once I saw that it was having a hard time breaking 1.81 (target was 1.85) I started to raise my stop loss to account for the lower reward. I got stopped out 1.72 for a -1.71% loss, not bad considering my target was 5.71% gain.

 

I don't care if the stock hits my price target now. I followed my plan, stuck with it, and executed it based on my goals. I have a small loss compared to my potential profit. I'll start looking for the next opportunity now.

 

The Blue box represents my entry time and point, Black line represents my entry point in relation to the action, Red line represents my stop loss point and Green line represents my target. Now that I look back at the chart. I can see why it had a hard time breaking 1.81 because it was yesterdays general low of the day (it's not being shown here, I looked at yesterdays intra day).