- TRADE LESS -WAIT FOR THE OPTIMAL SETUPS
- TRADE LESS SIZE ON NASDAQS
- MORE SIZE OTCS - THEY'RE HOT
Wow, awful trading today, broke several of the rules I thought were well imprinted by now. Just traded $VRNG awfully
- shorted on weakness and not pops
- didnt take profit when i had it
- changed my mind about it every two minutes and reversed the trade - a sign that it's choppy and I should have stayed away
- if i'm certain it's going lower and worried by the choppiness just use wider stops - i'd be up big today had i done that ...
- increased size to make up losses - recipe for disaster
Same story with $ONVO - kept shorting anticipating a flush - that's a real bad entry if there's no flush ...
Did have glimpses of decent trading ($EPZW $RFMD $VMEM) - tomorrow will try to just focus on these type of trades and limit number of overall trades, I should know what works and what doesnt.
Over all very avoidable -$600 on $VRNG and $ONVO
Bought a basket on bitcoin stocks at the open, and selling RSOV for +$800 is what saved me today
$VRNG this what happened in the end ...
$ONVO
this calls for me to review my whole nasdaq strategy - two plays an experienced trader would have banked on;
Gappers: 2/3 +$77
$ENDO .085 gapper +$12
$ECSL -$79 covered some, have some more left
$NTRR .83 +$14
$ACTC .0886 for gap over n52s tomorrow; blah greedy, sold on the way up but then it just plumetted from +$130
Longs: 6/11 +$806
$FSLR -$30
$AZRH +$55 flip
$EZPW like it on a bounce off 11
got it +$30
$FSLR trying again on solar strength meh cant trade it -$15
$ROSV .023 sold .032, .035 for +$790
$IDIX chased so took tiny, tried 6.90s had took 7.10s +$30
$PGLC nice chart on the daily for a swing .402, .40 risk; chased like a newb, will look to sell tomorrow am into any strength
$RRC on natural gas momo +$42
$COG +$11
$NGS -$10
$HNR (nat gas) 4.5 -$12
$KGET .0325 took some off -$85; gapping a few .03avg
$BYSD .003
$RGRX .255 nice chart
$ELRA .0855
$SMME .185
$VRNG trying to concentrate on this now, bad 5.13 avg now
$RFMD 5.23 with 5.3 risk and 5.16 target ... not great r/r but looks fadey
got some drop covered half 5.17, holding rest for hopefully eod fade that I usually miss out on
covered all as it was bouncing off 5.15 +$54
$ONVO not great entry but looking for serious fade and r/r is good in 10.03 risk bounced off 10 to 10.10
10 o/u a few times, looks like it's basing, so keeping an eye in case it perks quickly
out for b/e on this basing around 10, can always revisit later
$ONVO got it wrong, back in 9.96 as it was breaking under 10; argh stupid bad entry -$30$VRNG well at least now i have a good reason to trade - tight stop but it really is fading now; blah crappy entry, it popped 3c right after i shorted ...
took some off when it did u/o $5 rest 4.97, made back +$80
$WWE on testing lows, should snap hard +$16 didnt pull hard
$ONVO again tight stop
so much for tight stop should have just left it alone - I think all my $ONVO trades were losers; down $200 total
Grinders: 1/2 -$10
$VRNG think i've seen this pattern before and it means higher pps
$VRNG again, looks like it's perking off base -$50 - enough day trading this
Shorts: 6/17 FAIL
$GAME on red open - will cover r/g 6.40 risk 6.35 avg; 6.30 snap could take it further down -$41 gearing
$YRCW 21.72 chased +$17; covered 21.5 will wait for it to tomoahawk; crap dropped another 50c
$VRNG 5.25 5 target 5.40 risk -$32 was making higher lows
$VRNG
+$100
$GSB
+$99
$IMMY -going to have to hang on to it, hopefull more flush tomorrow
$YRCW gave back gains was overly keen shorted on lower highs but it ripped thru 21.50
$VRNG trying again small - broke 5.20 -$20
->vrng8
$VRNG again - will try to be patient for 5 test
->vrng10
looks like base and perk ...
->vrng11 or 12
had to cover for -$30 , didnt take +$100 when i had it ... need to be quicker or use wider stops
$MTOR saw it bend, shorted and just missed that 20c drop ...
->mtor
->mtor2
+$50
->mtor3
$YRCW trying little with 21.5 risk
not somethign to short into!
-$84 overall on $YRCW was about to break 22 got out before it had a chance;
$ONVO risk 10 target 9.7
teaching me a lesson in where not to short
-$92 just awful idea
$FSLR lower highs, CSIQ did the same and started cracking, looking for 20c; man i really cant trade them -$20
$PLUG looking for quick flip
-$39 didnt work
$PLUG trying again
this is what i was going for +$20
$VMEM a bit like a skinny triangle
took the quick +$50
$CSIQ here on market weakness and big bounce +$50
$YRCW 21.72 chased +$17; covered 21.5 will wait for it to tomoahawk; crap dropped another 50c
$VRNG 5.25 5 target 5.40 risk -$32 was making higher lows
$VRNG
+$100
$GSB
$IMMY -going to have to hang on to it, hopefull more flush tomorrow
$YRCW gave back gains was overly keen shorted on lower highs but it ripped thru 21.50
$VRNG trying again small - broke 5.20 -$20
->vrng8
$VRNG again - will try to be patient for 5 test
->vrng10
looks like base and perk ...
->vrng11 or 12
had to cover for -$30 , didnt take +$100 when i had it ... need to be quicker or use wider stops
$MTOR saw it bend, shorted and just missed that 20c drop ...
->mtor
->mtor2
+$50
->mtor3
$YRCW trying little with 21.5 risk
not somethign to short into!
-$84 overall on $YRCW was about to break 22 got out before it had a chance;
$ONVO risk 10 target 9.7
teaching me a lesson in where not to short
-$92 just awful idea
$FSLR lower highs, CSIQ did the same and started cracking, looking for 20c; man i really cant trade them -$20
$PLUG looking for quick flip
$PLUG trying again
this is what i was going for +$20
$VMEM a bit like a skinny triangle
took the quick +$50
$CSIQ here on market weakness and big bounce +$50
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