Getting Back into the Swing of Things

I know that the whole idea behind a blog is to make consistent posts... I have not done that. But to be fair, life has been unusually crazy the last few years and even more so recently. I won't bore you with details, but trust me when I say that making trades has not been on my mind.

That said, things are starting to return to a normalcy or at least something close to it.

I still had two positions open all this time and both I hate to say have turned into bags.

$IBIO is sitting at an ugly 31.45% loss and gouging my TD Ameritrade balance. I haven't decided if I should cut the damn thing out and lick my wounds or continue to hold and hope that the market Gods smile upon me and at least give me a nicer exit point.

$BRWC is the worst bag at the moment and not just because the move is still in the red. The numbers aren't actually that bad when I look at my entry of $0.0015 and it is still hovering in the $0.0011 and $0.0013 ranges. As a swing it could still pop to $0.0016 or higher. The issue is that I made the rookie mistake of using my Sharebuilder account to buy the stock. The commissions on the penny are ridiculous... $42 in commission fees for the buy and another $42 for the sell when that comes! When taking the commissions into account I'm currently sitting on a -42.71% loser and for me to see green the price would have to climb to $0.002! It can be done but the wait may not be worth it. I have an auto sell set to $0.0025 a share... so we will see.

Now for the new.

I decided to get back into it and wanted to go for something that has worked for me in the past. I chose to find a nice momentum play and see if I can ride it with a trailing stop.

I found $VTL to be enticing after seeing the 5 day chart with a nice steady climb.

I was able to enter at $6.43 a share and ride the momo to $6.77 a share at the EOD. With my 8% trailing stop in place I'm going to swing this and see if I can continue to ride the momo tomorrow.