Trades 01/11/13

Was trying out a few new strategies today. Managed to keep position sizes small.

Gappers: 3/5
Losers cost me commissions only

$RBCC - Had I waited a bit longer would have made some more 

$SPDL - Wasn't very liquid at the open. Didn't gap. Sold into the first uptick

 $IEVM - No follow thru so sold for commissions 

$NWTR - Again five minutes of patience would have paid off 

 $IALS - Sold out the gate for commissions 

Pre-Gappers Shorts: 5/6
Took really small positions trying this out, it worked 5 out of 6 times.
Need to focus on just 2-3 plays max, and look for the best setups (insanely up yet tight spread, with a clear r/r)

 $ARIA - Gapped up 15c sold 2.32 covered at the open at 2.32. Worth noting it went much higher after

$DRAD - Shorted just under $4 with over $4 being risk - covered at 4.03

$FRO - Another big gap - sold 2.33 bought 2.30 at the open. This one went lower after

$OXBT - Sold 3.17 bought 3.08, went straight up afterwards

$IALS - Sold 5.89 bought 5.81 and it faded from there

$PVA - Sold 8.9 bought 8.86, kept going lower

Grinders/Perkers: 2/4

$IDIX - This was the only perfect setup, and I bailed too soon. Took low 4.40s on the perk, near a .50 mark, risking 4.30 for 4.60s. Sold 4.49 all instead of riding other half. 

$FU - Not a bad setup around 6.5 but perhaps lacked the volume. r/r here wasnt great either

$IRIX - Sold for a small loss

$TXMD - Well had the right idea ... grinding near a r/g had I used 4.10 as risk would have been successful. Also entry at 4.18 wasn't perfect

Shorts:

$NYNY - Blew it big time - the uptick scared me, should have revisited it at least 

$ITMN - Sold 14.5 (as I had on the w/l!!!) bought .41, .36

Promos:

$AFYG - Was going to gap it, had to take profits instead