- NO MORE G/R TRADES (UNLESS IT'S OTC) RE $MLNK
- G/R OTC IS A DIFFERENT STORY RE $WMIH - EVEN THEN DONT BE GREEDY AND TAKE 10-20c MOVES
- NEED BALLS OF STEEL, PATIENCE AND WIDER STOPS WHEN PLAYING STOCKS UP 50%+ HOWEVER IT PAYS OFF EG $EONC $ALIM
- I STILL MAKE SOME FAT FINGER MISTAKES ON IB - BUYING INSTEAD OF SELLING AND VICE VERSA - NOT A HUGE COST BUT CERTAINLY AVOIDABLE
Traded really well at the first hour ($EONC avg of 2.64 where hod was 2.75, not bad) then gave half back on two trades I shalln't be making any time soon ($AKS $ASTC), considering I wasn't sure about the pattern, I should have used smaller size too.
Made some back with $USU.
Gappers: 0/0
None
Longs: 1/1 +$10
$USU this looked like a long to me: tried 100 shares at 4.35 with 4.50 target, break of trend risk; took $11 at 4.47
Faders: 1/1 +$15
$SCTY on fade at 57 with 50c-$1 target +$15 had it on a trailing stop
Grinders: 0/0
None
Washouts: 0/0
None
Shorts: 6/13 +$400
$EONC 2.64 with 2.70 risk covered some 2.50, waited for it to drop more, instead vol dried and it went up, i was watching my unrealised profits slowly vanish but refused to cover on that low vol bounce; proved wise, covered more 2.45, 2.41, keeping 1/5 position for potential g/r; volume completely dried so took rest at 2.45 +$257
$ALIM up 80% shorted 2.50 with 2.70 risk covered 100 at 2.40 rest was stopped out and lost -$140
$WMIH 2.70 anticipating g/r - allowing myself to do that as it's OTC and once it's red it might tank quickly; covered 2.61, 2.51 +$205
$ALIM again just under 4.70->covered 4.41 for $100
$MLNK 5.08 on g/r - it's not gone red entire session yesterday and closed near hods, hoping for some profit taking on red and a 5 break -$40 as it went r/g; silly trade
$ALIM again on downtrend (still up %70) shorted 4.40 average risk 4.50 target new lod (4.32) - covered half 4.31 had to cover rest for breakeven annoyingly for the drive home; that was cruel i had covered right the top of the range and when i get back home it was hitting 4.06 which was the price i was planning to cover at
$ASTC looks like good r/r at 3 with 3.05 risk; looking for 10-20c, it's up huge from 1.50s past few sessions
$ASTC then did this - stopped out for -$60 ; memorize ... not a pattern to short into
$AKS 6.95 with 7 risk 6.81 target; $AKS gapped up huge and up from $6 past two days
$AKS then did this and i stopped out for -$76 another chart pattern not to short into
$ALIM shorted on a quick pop from 4.02 to 4.20- 4.18 avg with 4 target; looked good for a while and then the chart no longer looked fadey so covered half 4.11; was patient with the other half, thinking it would break $4; it didnt, bounced back so i covered 4.11 for $70
$ALIM IB had shares when it bounced to 4.11 so i took em; covered half 4.02 and tried to be patient with the other half for a 4 break and 3.91; 4 did break but it bounced back and i covered rest for b/e; overall down $20 on $ALIM on the day (facepalm)
$USU 4.20 with 4.30 risk 4 target covered half at 4.11 half 4.02 for $130
$AKS small 7.17 with 7.20 risk 7 target - 7.20 was support turned resistance - didnt take 10c when i had it, instead covered for a loss -$50
$ALIM up 80% shorted 2.50 with 2.70 risk covered 100 at 2.40 rest was stopped out and lost -$140
$WMIH 2.70 anticipating g/r - allowing myself to do that as it's OTC and once it's red it might tank quickly; covered 2.61, 2.51 +$205
$ALIM again just under 4.70->covered 4.41 for $100
$ALIM again on downtrend (still up %70) shorted 4.40 average risk 4.50 target new lod (4.32) - covered half 4.31 had to cover rest for breakeven annoyingly for the drive home; that was cruel i had covered right the top of the range and when i get back home it was hitting 4.06 which was the price i was planning to cover at
$ASTC looks like good r/r at 3 with 3.05 risk; looking for 10-20c, it's up huge from 1.50s past few sessions
$ASTC then did this - stopped out for -$60 ; memorize ... not a pattern to short into
$AKS 6.95 with 7 risk 6.81 target; $AKS gapped up huge and up from $6 past two days
$ALIM IB had shares when it bounced to 4.11 so i took em; covered half 4.02 and tried to be patient with the other half for a 4 break and 3.91; 4 did break but it bounced back and i covered rest for b/e; overall down $20 on $ALIM on the day (facepalm)
$USU 4.20 with 4.30 risk 4 target covered half at 4.11 half 4.02 for $130
$AKS small 7.17 with 7.20 risk 7 target - 7.20 was support turned resistance - didnt take 10c when i had it, instead covered for a loss -$50
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