Nearly all the action for me today was right at the open. Some of it good, some of it bad. All of it could have been better. Got a crazy morning panic, the worse I have seen and it hit my stop loss. Not happy with this. Could have saved 50 cent if stop loss did not trigger. Which would have cut my loss in half. Pissed about that. But other parts were good. Like BIOF continued to go down lower at open, which was good being short. Market overall felt like whiplash again. Spikes up and down related to earnings and also FOMC today. They continued to taper QE which is what I figured and the market whipsawed on this news. Also our GDP number for 1st quarter was released today. This came in way under estimates. Nearly all estimates were over 1% and it came in under .1%. Big difference! Conflicting news everywhere i guess is why the market reacted the way it did. Also forgot to mention Dow finished at all time highs today. It had been close for a while but unable to do so and was looking like a double top. Glad it pushed through and hoping that means everything can start jamming again. Lots of people look to Dow and now we got the new highs. Now throw in your money.
Covered BIOF as I mentioned earlier. Had a quick spike lower and I sold as part of that. Glad holding overnight to avoid a day trade helped me. Just under $1/share gain.
sold FDMF-news about them joining marajuana industry came out. But stock hardly reacted to it. I'm glad I was not greedy and had sell limits low. They both hit and I am richer for it. This came right after I got an email from the CEO saying yes the rumor was real. Maybe he waited to tell me until the PR hit. Stock only at my sell level for a few minutes. Was lucky to get executed at those prices. This closed at .07 today and I got out at .12 for half.
Sold VTNR. This is where I got stopped out at. I'm pissed about this one, I thought about selling premarket for a small gain. Oh course I got greedy and let it ride. Saw the panic and thought it would pass. Did not even think about my stop loss. Sold almost at the exact day low. This is why stop losses can be bad and I need to get firm with mental stop losses.
Bought HERO. This had volume pouring in near the close and I got in on the action. Stock brought to my attention by Pedone. He was tweeting about it and also posted the chart on facebook. Says he thinks it bottomed here. I hope so and have a tight leash on it. Really don't know how high it could go but hoping it tests 50 dma. That is 20 cents away and think it could jump if it overtakes this. Not one of my usual set ups and stink at finding these so have to have real tight leash. Not good at reading what is still acceptable. Will not play a chart like this again, rushed into it.
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