The Fool's Week

Two words, Hard Week. Sold my biggest bet for the year ($LR), followed by a breakdown of $ION. Still, despite all the drawdowns, we choose to stay in this crazy market. Ika nga ng iba, "Ganyan ang buhay trader." Time to summarize this week!

First up, the VALUE of PAYTIENCE

Here's a screenshot of my previous position on IRC

IRC position ( March 13 - 14 )

Sold all of these at 1.00 - 1.02 range, reason? GREED. The thought of turning a winning trade into a losing ate me alive that day ( Even though my stops or sell signals weren't hit ). Now it closed at 1.24/sh. LESSON LEARNED.

Time for some updates on my trades. Here's my port as of this weekend:

Port
April 06,2018

Day change was supposed to be big today but IRC's breakout happened alongside ION's breakdown.. Sold my $CEI shares since it failed to break 0.3000 level today. Doesn't really count as a cut loss but more of a time stop ( Time allowance given on a specific stock to break its range ). 

$IRC

IRC Weekly Chart

IRC made another monster run just like last March 14. Only difference is that this one didn't make a toothpick ( If you know what i mean :D ). I always try to learn from my mistakes, and that's what i just did here. Made a mistake of not following my trading plan last March 14 ( Sold all of my position ), so instead of watching, i planned my reentry. Bought shares at 1.05 - 1.07 level as my initial base. IRC seems to be preparing for a monster run, will add on this one if it breaks that major level 1.40 - 1.50 range. New 52 week high attempt next week?

$VITA

VITA Daily Chart

Interesting price action today. Convictions for buying? It broke out from its short term resistance of 2.03 and towards the end of the day, i saw no selling pressure at all. All i did was buy an initial base on this one, Will add on this trade if it breaks 2.12 - 2.20 AKA The Great Wall of VITA.

$ATN

No charts, didn't really make any interesting move today. It's a good thing that it's still consolidating though, more chance of accumulating. hihihi.

*Note to self: A simple system with good emotional control IS SUPERIOR to a holy grail system with emotions unchecked.