Thursday, 16 January 2014

Trades 16/01/14

Lessons:

  • FAT FINGERED TRADES THRICE TODAY - GOT TO STOP DOING THAT
  • $CHTP TAUGHT ME AGAIN THAT YOU SHOULD SHORT ON POPS NOT WHEN IT'S SLOWLY GRINDING HIGHER
  • RESPECT YOUR STOPS ... NO EXCUSES ... YOU CAN ALWAYS RE-ENTER THE POSITION LATER, DONT LET SMALL LOSS TURN INTO A BIG ON
Feeling like such an idiot - applied yesterday's lesson here and there, but not where and when it really mattered, worse of all it was with the same stock I broke all my rules yesterday - $CHTP.
Made rookie mistakes like deciding on a stop and when it reached it, rationalised why i should raise the stop etc; 
Instead of $800 day it's $500 and since, again, and for NO GOOD REASON I focused $CHTP so much I probably missed other better plays. 
The ONLY play on $CHTP was the quick spike at the open which I missed.
On the bright side happy with my $ZOOM trades I think I nailed them all

Gappers: 3/6 -$53

$XIDEQ not happy with my avg here, it really dropped eod -$103
$CBDS hoping for a big gap up on $CANN strength +$147
$TNGN gapped previous sessions and had record volume -$180 how painful; didnt sell straight away and that cost me $$$$
$FSPM dipped before the close so my avg isn't great but should gap up big -$45
$VPCOD +$75 short from yesterday
$VPCOD had some in suretrade too which i covered for +$53 -> was up $250 but didnt take it

Longs: 6/14 +$615

$JASO on $CSIQ strength -$10
$TSL on $CSIQ strength -$23 in pre
$FREE open WEAK and rest of shippers recovered, looking for r/g move too +$11 as sector was cooling -$78 should have cut it much earlier
$TRTC -$6 sheesh down 10% back to even so got rid of it
$PHOT bought it for similar move like $TRTC +$34 was down $300 unrealised at one point ... yeek 
$TSL again on solars being hot -$50 argh should have cut it quicker
$TRTC again on $GRNH bounce +$150
$GFOX on pump b/o 1.23 sold 1.28 for +$80
$MSTX on RNN, ISR -$5
$NUS alert on chat +$23 damn it i said i wasnt going to play news alerts anymore
$HLF -$80 seriously someone shoot me I WILL NOT TRADE on news alerts anymore. ever. that's it.
$LOTE news however is a different story - only managed to grab 10k shares .055 and sold on the way up for +$500  - now that's the kind of news play worth playing
$RNA bounce idea originated IU chat for 7 break, tried only 100 shares; sold 7.25 for +$25




glad i wasnt greedy:



$CBDS was going to gap 200 from 15.50. 15.70, ended up selling the 15.70s for 16.50 for +$80

Grinders: 0/1 -$78

$FREE trying some again on grind 2.10 risk r/g move target -$78 sold at lod








Shorts: 9/19 +$25


$HLF down 4% shorted a few as $NUS sympathy; will try some options too; 76.2 entry 77 exit 75ish target +$100
$PLUG 4.13 with hnod risk -$12 will revisit -> shame i hadnt, made g/r move
$YRCW 15.50 risk L15 target in at 15.40 - covered for +$3 ...

$YRCW messed up the previous trade., chased some 15.1 for a long fade; covered half 14.80


$YRCW and rest here on this bottoming action for +$60

$ZOOM +$11 on pop -> good covers

 $ZOOM reshorted pop +$40
$ZOOM again will try to be more patient 5.50 risk 5 target- caught in massive spike shorted more 5.79 and covered those adds at 5.51 


and 5.40 for +$128

$CAMT only 500 shares 4.90 risk for a quick flush to 4.65 fat fingered the  cover and ended with 1000 -> damn it this one too spiked on me when i had to deal with some other non-trading things

It did flush but didnt cover
 
Then it did this while i was tending to other business unfortunately - added tiny on the spike and covered some on the drop -$29 could have been much worse

$CRMD failed a few times at 2.75 and retracted, risky as if it breaks it i could be in trouble so not risking much -$35 broke nhod

$CHTP missed the big spike, too 500 at 4.58 covered 4.51 for +$25

$CHTP risking gains here - in as long as it stays under 4.50 looking for a flush



was looking good but then bottom - so took my +$20 and moved on 

$ZOOM again tight stop anticipating the flush - risking some gains



Covered for -$10 playing it safe applying yesterday's lessons (yay!) after this bottoming action

$ZOOM tried again tight stop 5.25 was about to go


need a dinner break so took most off 5.19; just before this bounce to 5.24; rest at 5.24; overall +$200 on $ZOOM


$NAT 11 risk 10.75 target -$10 bounced on me and i didnt like it enough

$PRAN like this pattern, 7 risk target 15-20c

literally second later, my covers were 6.76 so didnt fill on that drop and then it bounced; covered for -$10 on a dip

$CHTP looks ready to g/r


Not so much here

Kept adding here on the way up, thinking I'll cover if 4.55 breaks (at first my stop was 4.5 but then i raised it - always a bad sign)
here i thought maybe it was topping and i'll be saved
 Kept fighting it and too a big loss at 4.60 like a chump;  -$295; it moved up to 4.75

$RNA again 100 shares; looking for 10c pull if this base breaches; it did  +$15 ...

$RNA on bounce to resistance - 6.88 risk 6.50 target -$8



1 comment:

  1. yes tight stops, and get back in at lower prices, re: NUS:)

    ReplyDelete