Trades for April 20th, 2015

Trades for April 20th

(click to enlarge entries/exits)

First trade review in 3 sessions. I missed 2 sessions. One I did not see any trades I wanted to take any and that's that. The other one I didn't do because of lazyness. I'm currently looking to buy a car and if anyone knows me when it comes to cars, then you'd understand. Besides, it's exciting whether you're into cars or not. 

I'm still in my 'getting a new car trance' so I am thinking about it almost non-stop and it's really distracting my trading so I'm going to take it easy until I'm done with everything. Tried to take VLTC long in the morning but I didn't even get the chance the let the trade work. Here's why:

VLTC Long

Entry: 9.66 Exit: 9.64

VLTC, going crazy again. Still running on the ridiculous news that Icahn is in because his son likes the company. Stock had a pop in the morning, pulled back and held some higher lows. Tried for more high but came back down, it did hold a higher low again. I saw the ascending wedge going on and that's what basis I took when trying to long. A good one in theory. 

I didn't even get to let the trade work because I fat fingered massive size for me. I thought I was going in 100 shares but was in a lot more. As soon as I got it, I was -25 immediately and I started to look why so drastic and saw I was in a lot. So I essentially panicked and hit the market order to sell. I guess if I stayed in and I got a good 10 cents out of it I more than likely would have taken the gains despite it falling. Need to be more careful of these nooby mistakes. If I can't figure these out then how the hell am I going to be able to learn important things.

Lessons:

• Pay attention to orders: the reason I had wrong size on the order is because I was looking to long a different ticker. I saw this setup and reacted too quickly. I didn't analyze the situation better. That or I need to focus on what I'm going to trade better. Have my sizes filled in prior.
• Have a clear mind: I'm pretty distracted lately because of reasons mentioned. This is a good time to remind myself of the rule to clear your mind before trading. Don't bring yesterdays losses into the next day or daily stress into the markets. It never turns out good.