Trading Recap 12/26/14

Ended the day with a minor loss.

ISIS: This should have been a winner but I sold for extremely small profit.

It was a nice ABCD pattern/ascending triangle and so I took some before the break and then added after nHOD. It went up more than 60 cents but I wanted to be patient for the dollar. However, it came back down to my breakeven and I didn't want to turn a winner into a loser so I stopped out. In hindsight I should have locked in some gains and let the rest ride because eventually it did go up for the dollar gain.


GILD: Took a loss on this one. I was impatient again and took it immediately after a nHOD instead of waiting to see if it would hold. I did like the setup though.

It started to chop around and it made a nHOD before sitting right back down. I should have taken it off then since I saw it pulling back right away and the light volume in the markets today didn't help.

Things to work on:

1. Continue to be patient for entries and it is better to be a little late than be early and stop out.
2. Take profits and don't be greedy.
3. If the stock isn't going acting according to my plan, just take it off.