Bought XING @ open on first 1 minute candle @ $3.20
Exited 1/2 of position @ $3.36 to lock in some quick gains. Volume had disappeared, but the trade was still going in my direction. Sold 1/3 of positions @ $3.48, and set a sell stop on the remaining 1/3 @ $3.35 (it was quickly filled @ $3.38). 5.6% profit - good way to start the day!
Then, I got careless. Read that CDII was breaking out. I looked at the 1 year chart, and saw that it had room to the upside until $2.40 - $2.50 range. Took a 1/4 size position, order filled @ $2.20, and the trade quickly went against me. Sold out @ $2.07 for a loss of 5.9%. Thankfully, it was a small position.
Also traded CHNG this morning. Supposed to be a swing, entry @ $5.51, resistance @ $6.00. Order filled @ $5.58, with a stop at $5.48. The trade started going in my direction, so I raised my stop to $5.70. Stop filled @ $5.68. I thought about buying back in, but didn't. I am starting to see a trend that is leaving large profits on the table - raising my stops. ATPG, MOT, and VLNC are 3 examples in the last 2 weeks where I raised my stop, and left profits on the table.
Current positions:
BPFH, BVX, OCZ, PLG, TASR, V
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