Trades 07/11/13

Lessons - 

• No more trades out the gate, wait for at least 30/60 unless there's a perfect parabolic short setup
• That means no shorts on g/r out the gate!
• Stocks move fast - take quick profits, half off when you're right, ride rest
• Focus more on faders, seem to be good at those
• With grinders I tend to do better later in the day

Gappers: 

This OTC halt had cost me dearly, will only find out the damage tomorrow. Couldn't make any trades with IB. I guess that's a rare occurrence but still pretty painful.

Faders: 3/4

$GERN traded successfully a few times. Was making lower highs and next to a round number, then again when it was teseting the day's support at 5.50

$OSUR Once it fell under support at 6.30 it made for a decent trade
$ONE Great fader, missed better covers as I wasn't watching it closely
$WSTL Didnt work out, but r/r was there and was only down 5c

Longs from Watchlist: 1/2:

$VELT Just horrible, no excuse knew trade was going against me yet kept adding. Saw a wall of sellers and came up with stories justifying why I'm staying in the trade
$ONVO Actually panned out ok, it then dropped massively 

AM Parabolic Shorts: 0/1

$NURO fail
Might give up on this one, too risky

Grinders: 2/4

$AGEN $NURO Too early in the day
$OME Grinder combined with a new 52s in sight, perfectly executed
$MACK Nicely done with 2.50 magent entry at 2.40 sold 2.49, 2.59

Shorts: 0/3

$BEAT g/r out the gate - loser

$KERX same 

$LPSN Stupidly mistook a chart making higher highs and about to break hod for a double top that demands a short