Went long VHC 500 shares @ 31.10 when it started to collapse this afternoon. A beautiful reversal hammer formed, so I knew it was time to act on this. After my profit target of at least 32 was reached, I wanted to stay in until at least 15 minutes before the close, but I had over $15,000 in this stock. I hate having soo much capital in one stock because I start getting heart palpitations, and my thoughts (stock getting halted and they find out their books were all a fraud and it re-opens at .50 cents) start running wild. And look at that! Stock did end up getting halted, but sold it before it happened at 32.00 for a .90 point gain. Yes I see, I could have made a boat load more.
If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9.
4 comments:
What if the reversal hammer was red?
I still would have went long because a long shadow and short upper shadow with a white or red small body is confirming that a reversal might be coming very soon. Remember, the hammer on the picture above of VHC, can have a white or red body.
OK. Thanks!
No problem, anytime.
Post a Comment