- FOCUSING ON A FEW (UNDER 5) GAPPERS HELPS AT THE OPEN ... ALSO MAKES SURE I CONCENTRATE ON THE HIGH PROBABILITY SETUPS
Traded well today - only bad trade was one that I had on the watchlist and I executed without waiting for the right entry and with 2k shares which was too big ($ARQL).
Shorting the Tomahawk setup seems to be pretty lucrative.
Been doing ok with the longs lately - need to recognise the good setups and risk a little bit more now that the market is so hot and trader friendly.
Gappers: 3/4 +$226
$FSPM +$123 and then went up another %50
$SLTD +$130 same ...
$TRTC +$31 on partial fill 1k shares
$GRNH -$58 better than being down $400 on friday ... but it did hit well above my entries
$VPCOD -> still bag holding for 8 cover
Longs: 9/11 +$285
$CANN on news - risky but could squeeze; got out in pre as news was garbage +$8
$CTIC in 4.03 sold 4 o/u -$35
$PHOT on other pots gapping up much -$63 dropped almost 20%, sold on pops
$PVG on weak open from watchlist, missed some gains +$97
$BBRY 9.75. 9.70 risk 10 target; added 9.80 and then it pulled back a bit making me less comfortable in the position, raised stop to 9.75; sold half 9.89 rest 9.87 +$20 got bored
$MY basing higher looking for $3 break move; in 2.92 risk 2.9
out for +$60 at 2.99
$BCLI OTC b/o in .269 out .288 for +$121 - could have more juice but i've been burnt recently on OTC breakout plays ...
$CNAT chased on $GALT strength, tried 11.3. 4 filled 11.5 .. missed quick $20 sold for +$7
$CNAT again chase on $GALT further strength ... another +$4 ...
$HIMX +$26 alert trader530 on chat- managed to get it quick so took it otherwise would have passed
$ULUR meant to o/n it from 1 sold 1.04 for +$40
Grinders: 4/5 +$172
$PACB - is this grind/perk? in 6.80 risk 6.75 target 7+; +$35 sold 6.94
$PXLW a bit of a chase but nice setup with 6 magnet and n52 at 6.2; 6.85 risk
sheesh called it nicely - sold on the way up, shame i had small position ... +$66
$BBRY again on this perk, 9.86 with 9.8 risk and eod move to 10+ is the target +$40 sold 9.98 and 9.94
Shorts: 10/22 +$367
$BBRY on 10 o/u out quickly for -$10
$KOOL only 200 shares from 1.63 to 1.52 +$15
$KOOL shorted 1.84 covered 1.75 for +$45
$ARQL off my watchlist - in for g/r, took 2k shares which is too much size and sat on it going against me instead of covering ... -$216 dumb dumb dumb
$YRCW 18.20s with 18.35 risk 18.01 target; got out flat, was basing higher rather than forming a tomahawk
$YRCW again and again got out flat too scared of a breakout - and that's when i missed the drop
$IQNT 12.74, 12.88 risk -> not quite tomahawk as it shot up, consolidated and shot up again -$10 got out as it was making new highs
$CTIC on not being able to make new highs -traded twice, once +$10 once
$CTIC -$15 looked like 4.10 was ceiling sold 4.05 covered 4.07
$HILL from watch on 5 o/u -$29 not breaking down, should have covered earlier
$YRCW (yrcw2) really thinking it's breaking down now, big position and on the bid - risky tight stop
should have waited to fill on the offer at the high end of the channel or kept my 18.20s from earlier ... it's really not cracking support but making lower highs so i'm staying with it; it either snaps or spikes now;
finally it cracks, filled at 17.81 +$250
$FEYE -$22 just chased this one, silly
$IMUC 1.51 with 1.41 target 1.55 risk; half off at 1.55; then added 1.52 when it was looking weak; covered 1.40s and high 1.30s for +$115
$CAMT 4.80 on $ONVO weakness +$100
$IQNT trying it again here - right after i shorted it dropped 5c but i'm waiting for more
took the quick +$25 and then it hit my original target of 12.56
$GALE not a perfect setup, especially as it's under SSR and chart not perfect; in 6.43 risk 6.50 target 6.25
Took half off 6.30 but didnt cover rest and i was down on the other half; got greedy and wanted 6.05 for other half instead of 6.25 original target; it dropped to 6.35 where i covered rest +$45
$BLIN trying a little bit as r/r not great at 1.47
added on this tomahawky action
Covered half on this drop
and rest here +$84
$AMPE testing chart - 9.92 10 risk 9.70 target
sheesh glad i only took 100 shares ... -$16
$INAP another chart test here 8.23 with 8.3 risk 8 target; was putting me to sleep -$8
$NLNK 34.34 with 34.50 risk (formerly support) and 33.50ish target; meh right after it bounced over 34.50 and i held, it dropped again under and then back over; -$46 gave it some time but it kept bouncing back, covered 34.70
$NLNK tried again on this bounce, 34.75, 35 risk, 34 target; closed flat it was bouncing back
$CNAT short 11.74 with 11.50 target
this pattern rarely fails, need to risk more $$$ next time +$40
$KOOL only 200 shares from 1.63 to 1.52 +$15
$KOOL shorted 1.84 covered 1.75 for +$45
$ARQL off my watchlist - in for g/r, took 2k shares which is too much size and sat on it going against me instead of covering ... -$216 dumb dumb dumb
$YRCW 18.20s with 18.35 risk 18.01 target; got out flat, was basing higher rather than forming a tomahawk
$YRCW again and again got out flat too scared of a breakout - and that's when i missed the drop
$IQNT 12.74, 12.88 risk -> not quite tomahawk as it shot up, consolidated and shot up again -$10 got out as it was making new highs
$CTIC on not being able to make new highs -traded twice, once +$10 once
$CTIC -$15 looked like 4.10 was ceiling sold 4.05 covered 4.07
$HILL from watch on 5 o/u -$29 not breaking down, should have covered earlier
$YRCW (yrcw2) really thinking it's breaking down now, big position and on the bid - risky tight stop
should have waited to fill on the offer at the high end of the channel or kept my 18.20s from earlier ... it's really not cracking support but making lower highs so i'm staying with it; it either snaps or spikes now;
finally it cracks, filled at 17.81 +$250
$FEYE -$22 just chased this one, silly$IMUC 1.51 with 1.41 target 1.55 risk; half off at 1.55; then added 1.52 when it was looking weak; covered 1.40s and high 1.30s for +$115
$CAMT 4.80 on $ONVO weakness +$100
$IQNT trying it again here - right after i shorted it dropped 5c but i'm waiting for more
$GALE not a perfect setup, especially as it's under SSR and chart not perfect; in 6.43 risk 6.50 target 6.25
Took half off 6.30 but didnt cover rest and i was down on the other half; got greedy and wanted 6.05 for other half instead of 6.25 original target; it dropped to 6.35 where i covered rest +$45
$BLIN trying a little bit as r/r not great at 1.47
added on this tomahawky action
Covered half on this drop
and rest here +$84$AMPE testing chart - 9.92 10 risk 9.70 target
$NLNK 34.34 with 34.50 risk (formerly support) and 33.50ish target; meh right after it bounced over 34.50 and i held, it dropped again under and then back over; -$46 gave it some time but it kept bouncing back, covered 34.70
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