Stenzrob's specials

All funds currently back at work now.
CRDN, AOB, SDTH, WATG, NTWK in slow account where I focus more on on undervalued.
RGEN in the fast account.

What a difference a week and some stop loss orders makes.

Slow account now holds only WATG.
That account is up 4% since 10/5.

Fast account is currently in cash.
That account was up 78% since 10/5 until the loss I took today in ININ, now up about 65%.
The loss taken today is, unbelievably, the first actual losing trade since 10/5 when I abandoned PTEN (at 22.10, it's now at 20) and started looking mostly at new highs for quick trade candidates.

Ticker sell/buy (notes)
EXAS 4.48/4.06 (peaked over $6, now at $3)
WATG 8.48/8.17
WATG 8.23/7.82
ALTI 4.78/4.03 (biggest % gainer, now at $4.20)
VOCS 34.19/33.6
NUVA 41.6/40.3
ZRAN 26.04/25.8
NTWK 4.36/4.29 (also traded in the other account, now under $3 again)
AOB 13.65/13.25 (also traded in the other account, now under $12 again)
LUNA 7.98/7.24 (longest time held, at 3 weeks)
VDSI 21.68/21.04 (now at $27. Of all these trades, this is the one of only two I should've held, in hindsight)
WATG 9.7/8.87
RGEN 5.38/5.25 (now above $6, the other one of two)
ININ 25.4/27.5

Thinking out loud:

So, what did I do wrong to end up with a losing trade in this account?
Other than the excuse that the market turned to crap after the Fed announcement (this ININ position was actually in the black by maybe 0.1% just prior to that), I fell back into old habits! I was attracted to ININ when it was setting new highs, so it was on my watchlist. I saw it drop by over 5% one day and saw it as a buying opportunity. This may be a reasonable thing to do, but it is not what got the 78% return in two months in this account. On the other hand, I sat through some virtual red ink on LUNA before it turned around to a profit, and it worked out to buy WATG again on a drop after selling higher. Maybe I just wasn't patient enough with ININ. Gotta' admit, though, it feels OK being mostly in cash right now.

[skiracer]

Pulled the plug on ININ today at $25.40, taking the 5.75% and 7.64% loss for the two positions from 27.50 and 26.95.

Only holding WATG now, mostly in cash.

The three that I got stopped out of yesterday are all lower right now than where I got thrown out, which is oddly comforting.

That's what the stops are for Stenz. You can always re-enter after protecting your position. I am certain that the larger percentage of occassions a well placed stop will save you money and protect your gains.

Pulled the plug on ININ today at $25.40, taking the 5.75% and 7.64% loss for the two positions from 27.50 and 26.95.

Only holding WATG now, mostly in cash.

The three that I got stopped out of yesterday are all lower right now than where I got thrown out, which is oddly comforting.

stops triggered today

Stops triggered by post-fed announcement market plunge.
CRDN at 48.45, for +0.9% gain since 12/4.
AOB at 11.65, for -7.9% loss since 11/6.
NTWK at 3.10, for +2.3% gain since 12/5.

Maybe the market will just rebound after the knee-jerk selloff, maybe not. I don't know and I'm not going to try to guess. Using the stops limits my downside in case it doesn't.

Leaves me holding only ININ and WATG, both currently in the red.

bought WATG again at $10.55

WATG took a hit this morning on news of a private placement of 10M newly issued shares, priced at $8.65. For the long term, I find it encouraging that some institution(s) are interested in investing a large chunk in WATG.

Note to self: Once you have hundreds of millions of dollars, don't buy stock on the open market, negotiate a deal to buy at a discount.

SDTH stop triggered, and executed at $8.65.
Bought at $8.22 a week ago, +5.2%.

Well, this turns out to have been unfortunate.
Oh well ... as they say "you can't go broke taking profits".
Using stops has saved my bacon at least as many times as it has thrown me out of a position that then reverses and turns up, I think.

Back into ININ again, at $27.50.

and some more ININ at $26.95.

Back into ININ again, at $27.50.

RGEN stop triggered, executed at $5.3703.
Bought at $5.25 on Tuesday, +2.3%.

SDTH stop triggered, and executed at $8.65.
Bought at $8.22 a week ago, +5.2%.

stops

bought some RGEN for $5.25

This has gone in the right direction.
Just placed a 25 cent trailing stop order for this, which should be outside the normal volatility.
When entered, the stop is at $5.32, enough for over 1% gain.

Also entered stops for NTWK at $3.10 (+2.3% from my $3.03 buy yesterday) and SDTH at $8.60 (+4.6% from $8.22 buy on 11/30).
This account doesn't have the trailing stop feature, so I will have to adjust as needed.

Simply protecting profits.

SDTH is challenging highs today on decent volume.
Over $9 puts my position from $8.22 firmly in positive territory.

bought NTWK at $3.03

Well, this is working out nicely so far.

bought NTWK at $3.03
bought WATG again at $10.55
... both in the account where I'm not looking for quick turnaround gains

All funds currently back at work now.
CRDN, AOB, SDTH, WATG, NTWK in slow account where I focus more on on undervalued.
RGEN in the fast account for momos. No, I said momos.

In the "aw, shoot" column ... Several days ago, while the market was down, I was looking for fresh highs, noticed SOLF and considered buying it at $18, but wasn't quick enough and decided to wait for a pullback to buy. Snooze -> lose.

You're a smart guy.

Thanks newborn. I've been lucky lately holding through earnings with several, including BLUD, WFR, and SIGM. I was pretty confident about each one. Better safe than sorry. I am "trading without fear", but not entirely "without a clue".