FONR Trade on Oct 8, 2013 09:37 from johnc_BOWS: Tradervue User Stock Trades.

Rubberband snapback to the short side. My assumption was that, even though FONR is a low float stock, it would tank if the market does. Oversold stochastics and beyond the BB.

However, you exited when you realized how low the float is (5 million). Instead, you played it as Red-to-Green with a stop at LOD. Chased quite a bit... ideal entry was 9.53. (Sent wrong order and ended up doubling position at 9.31-- hit buy instead of sell)

If I could do it again, I would've shorted when it broke the previous day's base at 9.55 and set a stop at the HOD (9.70). I would've sold 1/2 at 9.30 then set a stop just above my buy price and let it develop.

Also, the Red-to-Green to the long side was a BIG mistake because the stock was so extended and the SPX wasn't doing well. Regardless of float, I should assume that any extended stock is vulnerable to market conditions, unless it's a Day 1 earnings/news play.