Trades 16/12/13

Lessons:

• FOR FADERS - I WANT $10M+ DOLLAR VOLUME, REDUCE THE LIKELIHOOD OF HUGE SPIKES ON RELATIVELY SMALL ORDERS
• DONT FIGHT STOCKS OR DO REVENGE TRADES - THEY NEVER END WELL ($AER)
• DONT TAKE A POSITION "JUST TO BE IN" "JUST IN CASE"; TAKE A POSITION WHEN THE R/R IS FAVOURABLE AND IT'S A DECENT SETUP
• $BLRX SHORT HAD ALL THE REQUIRED INGREDIENTS EXCEPT NO LIQUIDITY - ONCE I REALISED I SHOULD HAVE GOTTEN OUT INSTEAD OF HOPING FOR A FADE

Last time my day job gets in the way of trading - had to cover $YRCW $BLRX and $AGEN prematurely as I had to step into a meeting... they all faded nicely, so at least I know my ideas were solid; I would have concentrated mostly on $YRCW had I not been busy in the afternoon.
Need to test out the AM parabolic shorts again tomorrow - worked pretty well today.
After that I was just trying to make up for it and made bad trading decisions - I guess over the weekend I get a bit too keen on Mondays and overtrade


Gappers: 0/0

None

Longs: 0/0

None

Faders: 1/4 -$140

$AER overextended, has a ceiling at $33 - shorted 32.67 risk is 33 target 32; i was up $40 but didnt take it - too $65 instead when it was climbing back towards 33. will try to catch it again 

$AER caught the move from 32.56 to 32.25 and made back $65
$LMIA nice setup with "double bottom" test coming and just under 14; hoping to catch a 25c move to the downside -$25 it wasnt breaking down

$AER fought it a few times and lost misearably - no use trying over and over when the pattern is not there -$114

Grinders: 0/0

None

Washouts: 0/0

None

Shorts: 8/15 (!!!!!) +$40

$BLRX tiny at the open on parabolic open - high was 3.35 shorted at 3.30 with risk nhod, covered 3.15 - just testing out this strategy - covered for $10
$BLRX again at 3.15 with 3.05 target - covered 3.10, 3.04 for $75
$AGEN at 3 with 2.85 target 3.10 risk covered 3.12 -$110
$YRCW at 13 with 13.10 risk 12.80 target - covered for $90; it then spiked $1.50 really quickly;
$YRCW again just under 14, covered 13.70 as I had to step into a meeting +$30
$YRCW 13.52 with 13.60 risk and 13.25 target - b/e as it dropped and then came back

$BLRX 2.90 with 3 risk 2.80 target; added 2.96 as it failed to bread thru that resistence at 3 - wasnt liquid enough, *shoulda* got out due to lack of liquidity but stayed in luckily only lost $30

$ACRX 9.77 with 9.80 risk 9.60 target - it dropped a second after i shorted so i coverd 9.70 for $20
$VSTM 13.10 with nhod 13.25 risk 12.75 target; stopped out -$44
$YRCW 13.38 with 13.50 risk 13 target; -$20 wasnt fading anymore
$KFRC for $25
$DRD 4.27 with 4 target 4.35 risk; DRDful - -$25 it wouldnt breakdown even though it looked even fadier

$LMIA -$26

$NVAX - not the type of chart to short: this isnt a fade or parabolic or anything i should be considering a short: -$25 

$YRCW 13.41 with 13.50 risk 13.26 target (13.25 area of consolidation) - covered for $75; it broke down under 13;