Rangoth
Blackwing Lair Raider
- 1,817
- 1,925
Sanrith Descartes
I've always appreciate the advice and information you and others put out there, it has helped me grow as a trader! You helped remind me to always look back on a trade(especially bad ones) and try to figure what I did wrong, stupid play from the start, took too much risk, didn't exit at the right time(and how could I have caught it, etc).
My goal as mentioned with PATH was a moderately short term trade of a stock that seemed trapped in a band, but with solid resistance lines. PATH, or so I thought, had that. It is not a super solid name so I didn't really expect much out of it and I think my biggest mistake here was holding into earnings when the previous 3 earnings both saw very large spikes. Ohh well, live and learn I guess.
Previous 3 earnings, both with large spikes:
5 Year Chart, resistance was 17.41, it did drop to the 10/12 range once before but slowly made it's way out:
Here is an example of another play I made, YPF, similar goals, 5%(or more if lucky) in less than a month or so. I may get called on this tomorrow, but I am perfectly ok with that, it served it's purpose.
My goal as mentioned with PATH was a moderately short term trade of a stock that seemed trapped in a band, but with solid resistance lines. PATH, or so I thought, had that. It is not a super solid name so I didn't really expect much out of it and I think my biggest mistake here was holding into earnings when the previous 3 earnings both saw very large spikes. Ohh well, live and learn I guess.
Previous 3 earnings, both with large spikes:
5 Year Chart, resistance was 17.41, it did drop to the 10/12 range once before but slowly made it's way out:
Here is an example of another play I made, YPF, similar goals, 5%(or more if lucky) in less than a month or so. I may get called on this tomorrow, but I am perfectly ok with that, it served it's purpose.
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