Friday, 31 January 2014

Trades 31/01/14

Lessons:

  • JUST USE WIDER STOPS!!! RE $TUES
Took it easy again today, selling $BYSD early in the session made the decision to take it slow real easy. So Bitcoin plays again made my day.
$TUES I should have banked on, they almost always end the same and I lose money on them


Gappers / Swings: 2/4 +$1692

$FITX pretty annoyed, while I sold some into strength had to chase down to sell the rest +$300
$CTIX -$39
$BYSD +$1668 sold all of what i had remaining
$IMSC -$144
$PGLC turd still holding some -$125
$SMME still holding

Longs: 3/4 +$370

$CBEY off watchlist pulled back to 7 now nearing r/g, sold on nhod for +$30 nice when a trade off the watchlist works out ok
$ROSV .035 for a swing off that pullback; sold half .039, will wait to see if it breaks .04 to sell rest; interesting one, pulled hard after good PR in the AM, then seemed to have been accumulated in the low .03s so I joined whoever was accumulating; sold rest mid 04s +$305
$MYRY .0465 for swing, tiny
$VNDA trader530 alert on chat, this time was quick enough +$34 lol this time missed a $2 move. Cant win with them news alerts
$PHOT .31 for gapper, only filled 2500 shares, sold them for -$1
$VAPR .33 for gapper
$IEEC .12 for swing
$VOELD .25 for swing


Faders: 2/4 -$33

$TUES normally i'd short the bid here, however i'll wait to accum mid .40s if i can; a break of 13.50 and I'm out, goal is for it to fade and break 13.25, snap down to 13

stopped out -$55
$HIMX trying to catch a fade, good r/r here; 14.80 risk -$34 stopped out 

$VNDA looking for a fade to .50 chased so only took 100 shares +$6 covered as it was bouncing

$TUES again revenge trade

covered some here, wish i just used wider stops again or used less size to make it easy for me to use wider stops +$50


Grinders: 2/3 -$40

$ZNGA gearing took 4.28 with 4.25 risk looking for some curl

trying to be patient with it, appears to be basing higher

ok, lost my patience +$30
$ELON seemed like good r/r here 3.80 risk ,4 target, meh too +$10 on a tiny spike

$TUES after i covered looked like one of those curls that can go much higher 13.50 risk 13.75-14 target 

damn i suck, after i bought it immediately reversed -$80 argh


Shorts: 6/9 +$190


$TVIX

Took +$25 well timed too ... it bounced to $10+ 

$WWE skinny traingle tight stop

lol nice covers

-$91 just couldnt concentrate on it out the gate 
$ZNGA -$27
$ZNGA again screwed it up so badly - great setup but i hit buy instead of sell .. +$10 instead of +$50

$AERO  500 shares at 6.40 - risky as it's very illiquid, but made a huge move off the bottom

covered half 6.11


rest for 6.30 when it just wouldnt crack and there's danger of a spike +$90
glad I covered, this tends to happen when something is as illiquid and starts basing

$ARWR in 15.50s risk 15.70 

+$32

$COPY .41 just in case, could be fake, tight stop +$60 thought it'd really crack but they kept supporting it

$GSAT 2 -$20, had to cover to free some funds
$GSAT 2 again, sucks have limited funds, had to get back in at 2 as it couldnt hold green. +$20 looked like it was being bought back

Thursday, 30 January 2014

Trades 30/01/14


Traded ok today - promised myself to make fewer trades and I managed to achieve that goal ... I wasn't feeling 100% today so that sure helped. Hopefully I can keep it up.
Again today's gains come mainly from OTCs, but I'm going to have to learn to accept that for the time being. 

Gappers: 4/8 +$324

$KGET .0325 -$60
$BYSD .003 +$300 still holding some
$RGRX .255 nice chart  +$37
$ELRA .088 - continued it's move up however once I saw WDCO on the offer selling hard I bailed for +$380
$SMME .185 still holding
$PGLC .40 -$35 not sold all
$ACTL 3.18 still holding
$IMSC .81 still holding
$AZRH 1.89 +$31 had to free some funds
$IMMY 7.80 -$238 will try to avoid getting stuck in an illiquid stock like that short o/n ...
$ECSL 1.4 -$91

Longs: 2/2 +$225

$GSAT 1.93 potentially for a swing; sold half 1.99 when it looked like it was failing at 2, rest at 2.06 when a certain newsletter released it as their pick for +$140

$SAFS +$85 great alert on IU OTC chat
$FITX .059 for gapper
$CTIX at 2.01 - if it holds 2 i like it for a swing and potentially 2.10 break


Grinders: 0/1 -$8

$GRNH on pot sector popping again .4625 risk .45 target 48 -$8 wasnt overly keen on it



Shorts: 8/10 +$336


$HZNP +$94 

$ORMP +$46 patience paid off - using wider stops helped

wow it dropped another 2 bucks



$FELX -$31 got too scared and didnt use wide enough stops 

$FLEX again at 8.35 had to be patient with it, when it couldnt break previous high new it was a winner, covered 8.27 and 8.21 for +$80 nice covers too as it bounced off that  8.21 level; 

$ZGNX very tight stop -too close to hod but looks like 4.65 is not going to get breached; guess r/r isn't really great here

took half off 4.62 and rest there too ... not really worth the risk of nhod +$8

$GERN tight stop here too, looking for snap back to 5, risk is it's basing at 5.10 and will pop

out for -$13 didnt like the setup enough, might revisit on a pop - good call it did pop
$ZGNX trying again
 +$19 got out on that curl

well actually there was no reason to cover unless a 4.60 o/u ... oh well at least the idea was solid ... next time

$VVTV 6.4 risk

a little bit of a perk - normally i'd cover here, thinking now i should give it a chance to break down and see if it's just a blip

blah, got out for +$15 looked like it was basing

$AERO just went nuts, tried 8.80s didnt fill, chased it down and filled just 100 shares at 6.70s covered 6.11 +$61

$LIQT trying real small as it's close to hod
 covered half here at 2.62

and rest here at 2.57 +$47


Wednesday, 29 January 2014

Trades 29/01/14

Lessons:

  • TRADE LESS -WAIT FOR THE OPTIMAL SETUPS
  • TRADE LESS SIZE ON NASDAQS
  • MORE SIZE OTCS - THEY'RE HOT

Wow, awful trading today, broke several of the rules I thought were well imprinted by now. Just traded $VRNG awfully 

  • shorted on weakness and not pops
  • didnt take profit when i had it
  • changed my mind about it every two minutes and reversed the trade - a sign that it's choppy and I should have stayed away
  • if i'm certain it's going lower and worried by the choppiness just use wider stops - i'd be up big today had i done that ...
  • increased size to make up losses - recipe for disaster
Same story with $ONVO - kept shorting anticipating a flush - that's a real bad entry if there's no flush ...
Did have glimpses of decent trading ($EPZW $RFMD $VMEM) - tomorrow will try to just focus on these type of trades and limit number of overall trades, I should know what works and what doesnt.
Over all very avoidable -$600 on $VRNG and $ONVO
Bought a basket on bitcoin stocks at the open, and selling RSOV for +$800 is what saved me today

$VRNG this what happened in the end ...

$ONVO


this calls for me to review my whole nasdaq strategy - two plays an experienced trader would have banked on;


Gappers: 2/3 +$77

$ENDO .085 gapper +$12
$ECSL -$79 covered some, have some more left
$NTRR .83 +$14
$ACTC .0886 for gap over n52s tomorrow; blah greedy, sold on the way up but then it just plumetted from +$130

Longs: 6/11 +$806

$FSLR -$30
$AZRH +$55 flip
$EZPW like it on a bounce off 11


got it +$30

$FSLR trying again on solar strength meh cant trade it -$15
$ROSV .023 sold .032, .035 for +$790
$IDIX chased so took tiny, tried 6.90s had took 7.10s +$30
$PGLC nice chart on the daily for a swing .402, .40 risk; chased like a newb, will look to sell tomorrow am into any strength

$RRC on natural gas momo +$42
$COG +$11
$NGS -$10
$HNR (nat gas) 4.5 -$12
$KGET .0325 took some off -$85; gapping a few .03avg
$BYSD .003
$RGRX .255 nice chart  
$ELRA .0855 
$SMME .185


Faders: 0/0 -> FAIL 

$VRNG trying to concentrate on this now, bad 5.13 avg now

$RFMD 5.23 with 5.3 risk and 5.16 target ... not great r/r but looks fadey

got some drop covered half 5.17, holding rest for hopefully eod fade that I usually miss out on

covered all as it was bouncing off 5.15 +$54
$ONVO not great entry but looking for serious fade and r/r is good in 10.03 risk bounced off 10 to 10.10
10 o/u a few times, looks like it's basing, so keeping an eye in case it perks quickly



out for b/e on this basing around 10, can always revisit later
$ONVO got it wrong, back in 9.96 as it was breaking under 10; argh stupid bad entry -$30
$VRNG well at least now i have a good reason to trade - tight stop but it really is fading now; blah crappy entry, it popped 3c right after i shorted ...

took some off when it did u/o $5 rest 4.97, made back +$80

$WWE on  testing lows, should snap hard +$16 didnt pull hard

$ONVO again tight stop 

so much for tight stop should have just left it alone - I think all my $ONVO trades were losers; down $200 total


Grinders: 1/2 -$10

$VRNG think i've seen this pattern before and it means higher pps
yup too quick +$40


$VRNG again, looks like it's perking off base -$50 - enough day trading this

Shorts: 6/17 FAIL


$GAME on red open - will cover r/g 6.40 risk 6.35 avg; 6.30 snap could take it further down -$41 gearing
$YRCW 21.72 chased +$17; covered 21.5 will wait for it to tomoahawk; crap dropped another 50c
$VRNG 5.25 5 target 5.40 risk -$32  was making higher lows
$VRNG 

+$100
$GSB 
+$99

$IMMY -going to have to hang on to it, hopefull more flush tomorrow

$YRCW gave back gains  was overly keen shorted on lower highs but it ripped thru 21.50


$VRNG trying again small - broke 5.20 -$20
->vrng8
$VRNG again - will try to be patient for 5 test
->vrng10
looks like base and perk  ...
->vrng11 or 12
had to cover for -$30 , didnt take +$100 when i had it ... need to be quicker or use wider stops
$MTOR saw it bend, shorted and just missed that 20c drop ...
->mtor
->mtor2
+$50
->mtor3
$YRCW trying little with 21.5 risk

not somethign to short into!


-$84 overall on $YRCW was about to break 22 got out before it had a chance;
$ONVO risk 10 target 9.7

teaching me a lesson in where not to short

-$92 just awful idea
$FSLR lower highs, CSIQ did the same and started cracking, looking for 20c; man i really cant trade them -$20


$PLUG looking for quick flip

 -$39 didnt work

$PLUG trying again 

this is what i was going for +$20


$VMEM a bit like a skinny triangle
1
took the quick +$50


$CSIQ here on market weakness and big bounce +$50