Trades 31/10/13

Obviously overtrading as I'm trying out a few strategies. 
Good points - I've cut losses quickly.
Bad points - taking a big size on $MLNK was silly. Not waiting for better setups.

Today's trades:
No gappers from last session.

$DDXS - Looking at the daily, the idea here was to short the 2.10 top. Covered once it popped to 2.14. It closed at 2. -$14

$GST - Not a perfect setup, looked like it was perking towards eod and might retest highs. Entered at 4.31 risking 1c to make 9c. Sold once it dropped under 4.30 and broke trend. -$4

$KEG - Another attempt at late day grinder - this one with the addition of th $8 magnet. Didnt quite pan out, especially when DOW decided to go south. -$58

$KONG - This one's pretty annoying ... traded it twice: once when 8.45 failed (key area on the daily), shorted 8.44 covered 8.40. Then it looked like a late day fader. Shorted under 8.35, covered when it went against me at 8.38, it retested highs again and faded. Key here was to get a good average rather than chase down. -$27

$MERU - Bought the top tick ... thought it'd run to 3.25 so my risk was 5c to make 12c ... -$7

$MLNK - Dumbest trade of the day - went short g/r. Size was too big. Covered hods. Then it faded. Lesson - while the daily looks like this could drop $1 I should just leave it alone as it's too choppy. -$116

$NCIT - 5.75 is resistance on the daily so I shorted low 5.70s. Covered when it didnt break under 5.70. -$11

$NYNY - Sold what I thought was the second spike, covered when it went against me and didn't look back. Dropped 60c from my entry. Waiting for $7 parabolic would have a been a better idea ... -$23

$OXBT - Only decent trade today - eyed it premarket on that weakness ... bought more on the way up, sold just before r/g and on the way up. +$230

$PRAN - Actually a decent trade on morning emotion - shorted near the top at the open 4.70 covered 4.50s. Reshorted under 4.50 in anticipation for g/r and covered just before. +$57




$PRKR - Another failed attempt at the late day perk. See that huge red candle right after I bought (blue dot at 2.74). -$29

$PVA - Bought 8.70 with 8.60 risk at a run towards 9 target. Didn't pan out. -$9

$SKUL - Sold at 6.40 silly trade really . No excuse. -$13

$YRCW - Bought 9.30s as it was basing there, thinking it will move to 9.50. It did, but I had sold when the trend didnt hold. -$9

$NWTR - Bought when I saw volume coming in and over-eager shorts. Sold one minute later. +$100

Lessons:
Morning Emotion: Worked well for me both on the long side $OXBT on the weak open and grind and on $PRAN with the gap and crap.
Late Day Grind: Can't seem to make it work. Stick to perfect setups only, when a .50/1 mark is involved and/or new hod, r/g etc
Double Tops on the Daily: This would have worked on $KONG had I been more patient, so will keep trying it.

P&L: +$65