Shared by
Rashod81_BOWS
This one was painful. I saw the volume early in the day and thought it would keep up.
Went long after the pullback for the continuation play and it went against. I did see the huge red volume bar but I didn't think that it could over take the series of large green volume bars. Lesson learned!
I may need to leave short plays alone until I can learn how to actually recognize them.
I though this was just resting after a run down. However, the daily chart gave me no indication that it would be in a run down. <-I just realized that as I am typing now.
I also need to be "vewy, vewy" careful when hunting these types of stocks. Boy can they move, and fast! Of course, I was hoping to be on the receiving end, as it is better to receive than to give, especially when it comes to trading.
I like to trade this stock even though it's very risky due to the low-float and relatively high volume. Nevertheless, I waited for move confirmation to enter after the pullback. Sold some on the run up, then added some after that. It moves so fast and I'm learning to manage them. I think I'm hooked on low-float stocks, but I will definitely limit how many I trade each day to one or two. And I'll be sure to do my homework on these stocks much more thoroughly than any others due to their risk/ rewards$$$
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-12-31 10:50:53 | VISN | buy | $26.260 | long |
| 2013-12-31 10:50:53 | VISN | buy | $26.310 | long |
| 2013-12-31 10:50:53 | VISN | buy | $26.310 | long |
| 2013-12-31 10:50:53 | VISN | buy | $26.310 | long |
| 2013-12-31 10:51:05 | VISN | buy | $26.300 | long |
| 2013-12-31 10:51:08 | VISN | buy | $26.300 | long |
| 2013-12-31 10:51:49 | VISN | buy | $25.740 | long |
| 2013-12-31 10:51:50 | VISN | buy | $25.750 | long |
| 2013-12-31 11:01:26 | VISN | sell | $25.200 | long |
| 2013-12-31 11:01:29 | VISN | sell | $25.200 | long |
| 2013-12-31 11:01:37 | VISN | sell | $25.490 | long |
| 2013-12-31 11:01:38 | VISN | sell | $25.201 | long |
| 2013-12-31 11:01:39 | VISN | sell | $25.250 | long |
| 2013-12-31 11:01:48 | VISN | sell | $25.200 | long |
| 2013-12-31 11:01:48 | VISN | sell | $25.210 | long |
| 2013-12-31 11:01:48 | VISN | sell | $25.210 | long |
| 2013-12-31 11:01:48 | VISN | sell | $25.200 | long |
| 2013-12-31 11:01:48 | VISN | sell | $25.210 | 0 |
| 2013-12-31 11:50:11 | VISN | sell | $24.500 | short |
| 2013-12-31 11:50:14 | VISN | sell | $24.499 | short |
| 2013-12-31 11:50:38 | VISN | sell | $24.330 | short |
| 2013-12-31 11:50:38 | VISN | sell | $24.310 | short |
| 2013-12-31 11:50:41 | VISN | sell | $24.310 | short |
| 2013-12-31 11:50:48 | VISN | sell | $24.470 | short |
| 2013-12-31 11:55:19 | VISN | buy | $24.770 | short |
| 2013-12-31 11:55:19 | VISN | buy | $24.870 | short |
| 2013-12-31 11:56:38 | VISN | buy | $24.870 | short |
| 2013-12-31 11:56:50 | VISN | buy | $24.730 | short |
| 2013-12-31 11:56:53 | VISN | buy | $24.730 | 0 |
| 2014-01-03 09:59:38 | VISN | buy | $23.990 | long |
| 2014-01-03 09:59:40 | VISN | buy | $23.980 | long |
| 2014-01-03 09:59:40 | VISN | buy | $24.000 | long |
| 2014-01-03 10:05:07 | VISN | sell | $24.800 | long |
| 2014-01-03 10:07:58 | VISN | buy | $25.020 | long |
| 2014-01-03 10:07:59 | VISN | buy | $25.030 | long |
| 2014-01-03 10:07:59 | VISN | buy | $24.960 | long |
| 2014-01-03 10:07:59 | VISN | buy | $24.960 | long |
| 2014-01-03 10:07:59 | VISN | buy | $24.960 | long |
| 2014-01-03 10:08:00 | VISN | buy | $24.960 | long |
| 2014-01-03 10:09:29 | VISN | sell | $25.420 | long |
| 2014-01-03 10:09:32 | VISN | sell | $25.352 | long |
| 2014-01-03 10:09:33 | VISN | sell | $25.415 | long |
| 2014-01-03 10:09:33 | VISN | sell | $25.420 | long |
| 2014-01-03 10:13:47 | VISN | sell | $25.800 | long |
| 2014-01-03 10:13:47 | VISN | sell | $25.800 | long |
| 2014-01-03 10:19:55 | VISN | sell | $24.560 | long |
| 2014-01-03 10:19:55 | VISN | sell | $24.900 | long |
| 2014-01-03 10:19:55 | VISN | sell | $24.520 | 0 |
| 2014-01-03 10:35:52 | VISN | buy | $24.000 | long |
| 2014-01-03 10:35:58 | VISN | buy | $24.000 | long |
| 2014-01-03 10:35:58 | VISN | buy | $24.000 | long |
| 2014-01-03 10:35:58 | VISN | buy | $24.000 | long |
| 2014-01-03 10:35:58 | VISN | buy | $24.000 | long |
| 2014-01-03 10:53:58 | VISN | sell | $23.700 | long |
| 2014-01-03 10:54:03 | VISN | sell | $23.810 | long |
| 2014-01-03 10:54:20 | VISN | sell | $23.700 | long |
| 2014-01-03 10:54:26 | VISN | sell | $23.810 | long |
| 2014-01-03 10:54:26 | VISN | sell | $23.809 | long |
| 2014-01-03 10:57:03 | VISN | sell | $23.640 | long |
| 2014-01-03 10:57:48 | VISN | sell | $23.800 | 0 |
Comments
Rashod81_BOWS
I started out with 1000 shares, at that point I only had 250 shares, so I set my stop above my entry price and let it get hit. I wanted to keep a small portion in just in case it pulled back to continue to the up side. The other day I closed my position early and missed out on the real run up, twice. I figured with only 250 shares and my stop set above my entry that I was taking home profits either way.
How should I have managed this one?
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Awesome entry and very nice scale out on the way up! But yhy did you let the stock almost $2 back from its highs?