Well put.
The Hand is a busy guy and we are working on better tools for him and for those that choose to follow him - key word here is CHOOSE. It is posted all over the place that each person is responsible for his or her buys and sells. Our goal in the very near future is to provide a clearer understanding of the type of play his pick falls into and what type of hold we are targeting (DT, swing, long, short squeeze, etc.). We are also going to call out items that had been alerted previously.
The bottom line is that in my analysis (which some of the summary is in the Ibox) every pick last year gave the trader the opportunity to make money, or worst case get out even - based on alert price. In fact, if you would have set a sell at a 100% increase - 82% of the time you would have hit a sell at some point in the year based on last update. I am not aware of any banks in my area that deliver that return. Problem is that most of us are wanting to score and move on. Depending on the level you trade at a few cents may pay the bills for the month but most aren't that big and hold for large gains and may have to ride a few dips and possibly lose patience - I have done it, still learning here.
As far as the FSNM trade goes, there were many opportunities to make bank on this. I for one broke one of my main rules and chased this as it was going and am now negative as well. I do have the ability to wait a bit, and when volume comes in I will average down dramatically.
SCLD - A classic missed opportunity - for me. The Hand called it at $0.30 at 11:25am on 8/26. It surged to $0.41 at the close, and hit $0.66 by mid-morning the next day. I got in at $0.35 (was not able to check alert until later due to work) and set my sell for $0.70. When I saw the momentum slowing I wasn't smart enough to drop my price and get out so I am holding (even through dips into the $0.20s last week and it closed at $0.4299 today. 5,250 shares for sale @ $0.50.....anyone....anyone? It will hit, just missed the quick kill due to greed.
My recommendation is that if you miss the initial alert - take a moment to analyze what has happened before and after the alert and determine when to enter. We are also working on ways to help keep you from missing alerts whether you are at a computer or not.
Sometimes it is better to make the call to wait for the next one than to buy late and have to sit and hope that the same situation arises again that triggered the spike the first time.
I missed AXL, MTXX, and many others that were picked and ran like a beast as I have a career that I have to put first during the day. It is hard to watch, but I am happy for those on the team that made out - and know that there are many more opportunities to come.
I am thankful to the Hand for allowing me to use some of my talents to provide analysis of the picks and to help manage his process going forward.
Stick around folks - it is only going to get better!!
My story - I placed $500 in my Scottrade account last fall after falling into Penny Stock pumps and losing everything my first time around. Sitting on $18k today, and a third of my stuff is down at the moment. This has been my board of choice - and will spend every minute I can trying to help make it better for the team that chooses to follow. Going forward my plan is to be less diverse and take gains quickly, ride freebies when possible.
"It's going to be a great year!!!" - Lewis Skolnick - Revenge of the Nerds
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