JASO

Entered JASO at 5.18 with a market order. I did not look at signals or 1-min chart. Just put a market order since it was moving up and I wanted to catch the move. The stock moved up a few cents and I was looking at 200 in profit. Put an exit for 400 profit (when all I needed was 200) and then watched the stock go down the entire day. I took a loss a few months ago in this stock and I knew that the stock was not strong in its up moves. Either I should have exited immediately with a profit or entered a few cents lower to exit with my profit goal. Did not do either and I am holding this position over the weekend. Looks like I would have to take a loss next week simple to get out of this position and protect my capital.

Lesson: Do not trade when you are not in right mindset and with all the process in place.

Entry: SNIC

ADCT long

Entry: 6.18. Set exit for 6.28. Did not enter again. Missed a big move up.

read financials before entering a trade

Read, read, read. RPRX is insolvent. Why enter such companies?

RPRX bad entry

I entered RPRX during a pump at 1.02 and set the exit at 1.25 which it did not hit. The entry was bad since the chart does not show a accumulation of any sort.

The follow up on this entry was to either exit at end of day and take a loss or set a sell limit just above the buy price of 1.02 and expect it to hit when it rallies. It did rally a few days later but my sell order was not set and I am still bag holding.

NVMI long

Going long when it crosses $5.00

BLC short

Shorted BLC at 6.75. The chart and the market looks to be going down.

Exit placed at 5.54.
2/9/10: Shorted BLC at 6.50. Set exit at 6.32.

Shorting

Today I took a short position in XIDE due to its loss of the Walmart contract and the chart showing downward movement. Shorted at 5.90 but did not cover at 5.55 which was my target. The stock has since rallied back and I ended the day negative. I should have set a stop loss and also set up my initial exit as soon as my entry was filled.

Lesson: Enter a sell order as soon you enter a position.

Follow up: Placed a cover order at 5.55 which triggered today. Not repeating this mistake again.