parabol128 Trades: Trades 13/01/14

Lessons:

TAKE SMALLER POSITION ON THE LESS SIGNIFICANT NEWS ALERTS ... AND SELL QUICKLY NO EXCUSES
WHEN A FADER STARTS CLEARLY TO BOTTOM - GET OUT! (RE $TKMR ) GIVE IT A FEW MINUTES BUT DONT HOLD AND HOPE
ADDITIONALLY AT THIS POINT I SHOULDNT TAKE POSITIONS LARGER THAN $5K ON ANY POSITION -I HAVE BEEN DOING THAT ON FADERS ($TKMR) AND GOT BURNT BADLY
PLAYED $RNN ALL WRONG - AGAIN - INSTEAD OF SHORTING POPS I WAS TRYING TO ANTICIPATING A BREAKDOWN
TAKE $100 QUICK PROFIT WHEN YOU HAVE ONE, OFTEN TIMES IT'LL TURN TO A LOSER OTHERWISE (OR GO UP BUT WHO CARES) RE $IGXT
BIOSTOCKS ARE SNEAKY SOBS

Started the day really well, up $500 almost after 30 minutes and then just one bad trade $TMKR which was too big in size almost took it all away. Had no sense of urgency as I had on Friday when I started in the red - things just didnt, I wasnt in the zone.
Traded $RNN so poorly - just blindly trying to anticipate the crack instead of shorting the pops.
EOD pot stocks saved me from having a horrible day, all breaking out.
I gapped a bunch of them.

Gappers: 2/2 +$130

$MCIG +$64
$TGRO +$166

Longs: 11/15 $614

$DRYS on shippers strength in 3.74 looking for 10c +$45
$OCRX +$48 il chat alert
$UNXL +$75 il chat alert
$NVGN +$143 il chat alert
$EGLE 3.59 on shippers looking for 10c +$2
$CBIS on pot strength and it being a laggard -$60 on suretrade- waited for more ... sold on a bounce and not down $200 at least
$CBIS +$117 on IB sold quickly
$CELG -$22 alert on IL
$GRNH on the breakout +$259- 44 to 47
$phot +$121
$AVTC on $MDBX strength 3.66 looking for 4 +$6 wasnt going anywhere
$IGXT OTC b/o .71 break should send it much higher, good volume too. in 70 anticipating the b/o looking for 74-79, 69 risk -$76 maybe i'll revisit later for now looks like no breakout
$IGXT gapped some not at good average

$MJNA laggard rest of pot stocks moving up hard and it's only up %2 +$5
$DCTH same idea only in bio sector RNN HEB DARA all up big, DCTH decent chart and up only 6% ended up with just +$8 messed it up
$DARA same on dip -$81
$LQMT -$6

Faders: 3/6 +$134

$CKSW turned such a fader - not much edge but tried again much lower than where i initialily shorted; got out for b/e as it was holding got out for b/e when it didnt fade

$SCMP seemed like a nice fader, 10.50 snap could bring 10.25

$SCMP luckily took a small position - out for -$25; like TKMR it was basing and not breaking down after o/u 10.50 - that should have been my sign to get out

$FMI -$47 another failed fade
$RGLS faded nicely - i wasnt patient +$36

$TNXP up huge and seemed fade with good r/r - in only 100 shares 19.80 and covered 19.30; it hit almost 18.50 +$39

$CADX +$64

Grinders: 1/5 -$20

$RNN after being short biased it really started to grind so took some long 1.59 with 1.70 target 1.55 risk -$20 this wall at 1.60 not budging

$NIHD shoulda woulda gone long 2.74 but only came round to it at 2.80 -$10 2.80 wasnt breaking

$GALE 7.20 with 7.1 risk going for 7.50 TOO 7.32 +$22

$MNI similar to GALE in 4.89 out for -$10 just didnt feel for it - will try to catch the down side next few days as it's up from 2s in a few days

$ARNA looked like a grinder 6.70 risk 6.85 target out for b/e

Washouts: 0/1 -$53

$SODA for the washout breakout 40; caught a big drop - -$53 not doing washouts like that anymore

Shorts: 6/11 $-587

$GALT only 50 shares way early at 13.65 covered 13 for $35 on this $ICPT meltdown at the open
$CKSW great pattern to short; was too impatient and took $41

$AVTC lost 5c on silly short -$30
$RNN - many trades on suretrade - just didnt get it right, will try again later -$100
$RNN - each time tried to catch the crack instead of shorting the pop like a chump -$350

$ROSG shorted the second top with 4.40 risk +$63

$NIHD 2.72 with 2.80 risk 2.60 target - not great r/r small position -$30 wasnt going my way and wasnt happy with entry

$ITMN up big past few days, flush at the open the g/r now fade -17.6 with 17.7 risk nlod target - bad entry should have got closer to 17.70 ... however it still worked for +$150