Trades 28/01/14

Lessons:

• DONT SHORT STOCKS UNDER SSR UNLESS THE SETUP IS PERFECT, USUALLY IF I GET A FILL IT MEANS ITS' BOTTOMED (RE $GALE)

Good trading day, nice mix of OTCs and big boards and only a few silly trades which I cut short. 

Gappers: 5/6 +$497

$PHOT .282 +$16
$IMTC gapper .168 +$54
$HEMP .07 +$300
$MJNA .399 -$1
$CLNP only $100 worth at .0006 +$23
$AZRH swing +$105 will try to rebuy lower, sold 1.89
$ECSL short at 1.40-- will bag hold for now as long as it stays under 1.50

Longs: 12/17 +$472

$FSLR solar laggard +$15
$FSLR gave back -$30 wasnt really concentrating
$GRNH tried some bounce -$20 ; actually did bounce
$TRTC bounce tight stop +$20
$TSL three trades long and short -$13
$MDBX -$16
$AERO -$20
$NVAX small on $BCRX 5.55 risk r/g target

sold most here

and rest here for +$140
$LJPCD tiny on uplisting - hoping for eod run +$21
$VEND small on breaking 3.25 +$10 couldnt bear to o/n though i bet it gaps up

$IMTC after selling my gapper for .17, rebought .20 for possible move to n52s at 22 +$70 sold at .22
$IMTC rebought .205 gapper meh sold for another +$20
$SIPC tiny .0018 gees $100 worth flipped a moment later for +$60
$VAPR meant for gapper but tiny position took +$40
$ELON $5 calls .45 sold .50 for +$35
$VAPR .219 sold .245 into strength before the close for +$110
$IMTC .22 meh took another +$30 - though it probably gaps up a bunch
$ENDO .085 gapper
$NTRR .83
$ACTC .0886 for gap over n52s tomorrow


Faders: 2/5 +$90

$YRCW tryign to short here, will try to be more patient, smaller position

trying to cover here - covered half at 18.68

another half here for +$90

$SMED trying some on fade


nice drop! sitting on the bid now, had to chase and covered for +$48

$SGYP trying the chart 5.30, looking for 5c snap -$17

$DANG trying again on this fade, 9.50 tight stop; silly trade, not worth my time, far from ideal setup -$11 not a pattern to short to when the stock is bouncing on the daily rather than over extended

actually a good long for this kind of setup

$GALE on SSR so took forever to fill - probably means it's bases now so will keep real tight stop -$20

Grinders: 3/4 +$35

$BGMD 1.44 with 1.4 risk nhod target +$15 huge offer at 1.5 put me off; well it got taken out in two seconds, so in the future ignore ...

$TLS 14.92, 14.85 risk nhod target -$17

$PVCT 2.09 small too scary sold 2.17 for +$24
$TSL market bouncing, trying a little +$13

Shorts: 9/19 +$80

$FSLR lower highs - 49.60 risk -$26
$PRAN -$11
$PRAN +$20
$KRED -$20
$KRED +$30 maybe tomorrow
$OVLY silly short - low vol small position 10.9 avg
$DANG chart is the skinny triangle, however if it bases at 9.50 i'm out; it snapped 6c but i didtn take it, see if it rips thru .50s or not

well, i knew if it was basing i should get out, but for some reason i didnt -$100

$YRCW on tomahawk, not best entry but will try to be patient with it; 19.25 with 19.50 risk

dropped as i expected but didnt hit my 19.06 cover

covered some 11.05, looks like a base here at 19.05 see if it bounces off it, otherwise 19 wash

waiting - if 19.25 u/o i'm out otherwise will wait for fade

all out for +$120
$XRS 23.90s with 24 risk -$30
$PRAN filled only 100 +$20
$IDIX looks like a short here, under SSR only filled 140 shares where i wante

so covered here for +$5

$GSB 3.4 risk 3.2 target, could have taken quick $45 but wanted more, then it did 3.3 u/o, will give it a chance
 bounced high, filled tiny on that quick spike

covered half here, as it's grinding higher - hate turning winners to losers

covering here for b/e overall ... blerg

$KRED again on g/r maybe this time it cracks +$10 one stubborn stock
$SMED trying tiny to see if the bottom falls off; BAH should have covered as soon as it didnt work, instead i just sat on it -$30

$CBIS a few .216 on $MJNA weakness +$52
$HEMP +$37 wish i had more captical for these sub $1 stocks ...
$RCON i rcon this is going lower

covered here for +$55

$GALE SSR so prob no fill

$BCRX small 10.07 nhod risk  -$20 bad trade and i knew it

$ELON looking for a quick pull, small position - took some calls so this is my insurance ... 

-$32 darn it knew it was silly, no edge there, should have waited for a pop; at least i should be able to sell the calls on this spike; yup, sold.