AOL Trade on Jan 27, 2014 13:26 from johnc_BOWS: Tradervue User Stock Trades.

1/27
AOL defended the 50dma. It started to get into accumulation and squeeze upward. I saw it aove 46.00, but I wanted to wait until it pulled back to MAs before entering. I set my stop to LOD.

I'm nervous about swinging this. I'm just worried that it'll gap down in the morning waaay below my stop price, getting me to lose more than my max risk. Daily chart has been a very orderly pullback though, and it closed above 46.00, which gives me hope. Also, this stock doesn't usually gap down in the morning, except on earnings.

Visual Review:

1/28

Damn, I really misplayed this.

My entries were good:
1) Swing from yesterday
2) Pullback to 9ema, but it ended up bouncing off VWAP and price support

By 7am, I was already up $200+ and I didn't even take any trades yet. Naturally I was happy about this, and maybe even started to nurture greedy thoughts when I looked at how far it could actually climb.

But I had no exit strategy. I was trying to make the decision in my head, instead of talking it out on my Drill Down (see Dr. Menaker's material). As a result, sleep deprivation got me to go into my autopilot: greed mode. I got greedy and kept looking at the daily chart. I basically got greedy and didn't scale out at the spike to 48.50.

This isn't necessarily a bad thing, since the pattern is so damn strong. BUT, playing this way created the possibilities that: 1) I get stopped out at my avg cost (i.e. $46.65) or 2) the market tanks for some weird reason and I actually take a loss

When it reversed (a natural reversion to the mean), I panicked at the thought of giving back ALL of my profits for the day, so I exited at a bounce spot. I actually unloaded 3/4 of my position at the time-- this caused some serious regret when the stock recovered.

I'm swinging the last 25 shares until I see signs of a pullback on the daily chart.