INVN: Back In after bounce at support.

Successfully tested 14.70, where it previously found support.  I'm not betting on a V shaped recovery but I think there's a decent shot at making a charge at 16.50.  This stock can get pretty wild. 

And stopped out:  The market was brutal today,  But I had a nice gap up and got greedy.   Rode it all the way down to my stop.   In a choppy market sell the gap on a stock that has been brutalized as of late. I took a $250 loss on what I could have and  should have had a gain.

INVN, shakout

The MMs jumped right over my stop and sank the stock.  It rallied after hitting the 26 ema, which also marks the highs from the past rally.  I added another 100 at 19.67


Update:  So that didn't work well.  They sank this one and I'm out for a loss at 18.90.  loss of $258 on the position, which sucks after being up over 2 points.  

Lesson: I don't mind the loss on adding at the 26 ema. I do mind that my initial stop didn't get filled.  More attention to the type of order in fast moving stocks is necessary!

REE: Update

REE sold off nearly 8%.    I've had a long standing buy to cover order at 5.36 for 1/3 of my position.   5.36 happened to be the low of the day earning me a 100% grade on the exit. Woo hoo!   This looks like a sick dog, but I wouldn't be surprised to see a relief rally because the sell of was so severe.  Anyway by taking profits, this will let me ride this much lower.  I'm triggering low 4s.

Triage:  In retrospect, this was a bad trade with many broken rules.  I fairness to myself, however, I took the position before I created the rules and before I had started the impulse system.   It's evident that I initiated this trade way too early  into a strong wave of buying.  The impulse system would have prevented me from taking this trade when I did.   Because I was only short only 200 shares I was able to ride out the position.  Also, I felt comfortable with the fundamental reasons for this short as I had researched it extensively.     

I entered this after a large move by selling ITM calls (short shares were scarce).    There was no MACD divergence at the time however,   Had I waited until that occurred I would have gotten short at least $1.50 higher.   My second entry was nearly 1.00 higher.  So I averaged into a losing position,  usually not a great strategy. 

Stopped out today.   Support failed to hold.     The problem with this trade was stock selection,  there was no way I should be trading a stock that doesn't average even 100 thousand shares a day.