Trading Results for 2/15/2011

Surprising calm day in terms of profit given HUGE volatility of both symbols we picked. I was watching pre-market and at some point KV.A was 60% up from yesterday close and MVIS 30% down. ;-) What is more surprising, we made profit on MVIS going long and lost money on KV.A going long. This was the best illustration why holding overnight is a big no-no for penny stocks. I can't personally tolerate such swings and psychological effect on performance could be very negative. That's why although I know what I am going to trade a night before, I never enter a position during extended hours. Slippage can ruin any great strategy and unpredictability can exhaust you emotionally.  Anyway, results are saying this in the best possible way - capitalize on volatility but don't let volatility overwhelm you!