Trades 23/01/14

Lessons:

• ONES THAT DROP IN PRE AND SSR - DONT JUMP IN RIGHT OUT THE GATE AS THERE COULD BE MORE SELLING PRESSURE, WAIT FOR IT TO SETTLE FIRST ($HMX)
• WHEN YOU CHASE THE BREAKOUT PLAY SMALL! BUY ON DIPS

Decent start apart from that $HXM long ... then a few traders worked, $ELTP b/o play, so when the next one came along ($MCIG) I broke my "not risking all the nasdaq hard work on one bad OTC trade" rule, and risked too much on it; meant i started at -$400 unrealised which kept me out of focus and made me miss other plays; closed that one almost even but then started overtrading and boredom trades galore. Focused too much on OTCs today too given my intention is to learn trading big boards
Meh got the sums wrong somewhere, will correct it tomorrow, P&L is +$695 before suretrader comms 

Gappers: 6/9 +$395

$TRTC .301 +$30
$HEMP .047 +$25 got excited in pre when it was gapping to 05 but then it opened much lower :(
$ERBB .007 +$68 who knew it was going to double
$PHOT .23 -$10
$FFFC .0005 +$262
$MEDL .37 +$68
$AERO 4.15 -$15
$CBIS  .123 +$50
$VPCOD -$83 finally covered some have some more

Longs: 13/26 +$130

$HXM with SSR -%10, then it made new lows -$213 should really let them settle first
$URRE on $URZ sympathy didnt work, cut it quickly -$25 applying yesterday's lesson
$NWBO 5 on bios waking up small +$2 got bored
$GERN 5.48 small +$26 out 5.60
$FIO small 10.80 out 10.99 for +$38

$GALT 12.77 on $CNAT -$55 -> ok that trick doesnt work anymore
$RITT on alert in chat tight stop -$29 again applying yesterday's lesson not going sit around watching it drop another 10c
$ELTP .34 probably makes n52; sold half .353 then .359 for +$122
$MCIG near 52s too, in .245 unfortunately too big a size ... breaking rules here; blah, from down $400 to -$42 gives on a heart attack these otcs

$ARIA 7.37 -$40 sold 7.30 break
$KALO .21 sold .20  for -$43 cant believe i chased it ... what a newb, at least i didnt sell at 12, lol hitting mid 30s now ...
$SPEX tiny +$25 8.5 to 8.65
$SPEX tinier +$10
$PAYD -$48
$PHOT -$10
$GRNH .441 sold on pop +$60
$EDXC .208 +$45
$HEMP .0472 sold .0495 .0519 finally ... +$260
$ECTE alert in chat - nice chart, 4 magnet then 52s -$29 blerg
$PVCT tiny on intraday chart took +$43 in ten seconds, now i dont have to watch it

$KNDI -$23 very rarely do these news alerts work, but when they do they usually make up for these small losses
$FNJN just 100 shares in case nhods +$25
$TRTC .32 -$11
$MJNA trying a  bounce -$62

$MJNA trying again on double bottom; -$40

$FITX took some for bounce too .05s then .03s; down $250 unrealised to +$129
$ERBB meant gapper took +$20 eod
$MEEC gapper
$IGXT .955 for gapper
$NVLX .156 gapper
$ICBU .029 on $ERBB might be a swing
$LATF .0095 same
$REFG picking pot laggards again .22

Grinders: 1/4 -$85

$ATOS with 3 in sight and r/g move 2.90 risk -$27

$DDD is this a long? no. -$12

$CTIC 4 on grind tight stopl

sold some 4.05 and 4.10 for +$25

$EXK good r/r 4.50 risk nhod target

i try to be patient and this happens -$71

Shorts: 8/15 +$305

$CTIC +$35 fat fingered cover 4.91 instead of 3.91 ...

 $AVTC 4.13 on pot weakness covered 390 and 380 for +$280
$LOGI on chart -$33  was too busy looking at something else ...
$CAPR 15 and 15.40 very risky due to spread; covered 14.30 and 15 for +$116 really wanted 1-2 bucks but it was recovering
$ARIA on chart - got the drop but not hit my cover +$20
$CTIC again +$15 4 held will try again o/u or higher

$BCRX -$28
$CTIC again on $4 break took the last 4 risking previous profits +$40
$FIO small to test; 
->fio1
added some more
-> fio2
took -$90 as it broke trend - needed to play smaller
$FIO again making higher lows though so tiny -$30 knew it was dumb
fio4
$EXEL tight stop for $8 flush +$35
exel2
$BBRY small 10.58 test chart; making lower highs; 10.70 risk; dropped to 10.50 and bouncd i took quick +$20; blerg faded another $1

$CTIC 4.10 risk -$30 hit stop

$EXK silly short see if 4.50 break then flush -$15
$CBIS tried shorting, bad timing right when they were recovering -$30