Friday, 7 February 2014

Trades 07/02/14

Lessons:

  • $SMT WAS NEAR PERFECT - UP 30% MAKING LOWER HIGHS - NEXT TIME I SEE THIS SETUP I NEED TO BE CONFIDENT TO RISK MORE $$$
  • DONE WITH $WPWR TYPE PREPROMOS - TOO MUCH RISK INVOLVED

Some decent nas trading today, still taking really small positions, need to risk more on the good setups, if/when OTCs cool down some more I will have to scale up my nas operations.
Good day, mainly thanks to $REVI trade, up $2200 ish

Gappers/Swings: 0/0

$DPSM .45 out flat - might go higher but i dont like this non-action$CAPC .017 flat
$ICNV .51 out flat
$MDW 1.10 out flat - actually did ok ...

$WPWR .18 (avg'd down at .11); what a messy one this one is, looked ok for a few moments there on Friday then FANC/WORL just sold a crap load and looked like they were going to liquidate until it hit 0; i'm at the "no point to sell here" stage;
$IDTA .0016
$IEEC .12
$BLLZ .012 
$SFEX .128 



Longs: 3/6

$MCIG .40 premarket just in case sold and shorted at .40 so b/e on the long
$PHOT -$40
$EAPH .062 on a dip +$43 i was too uncertain where it was going

$MONT iu chat news alert, also nice intraday chart +$24
glad i took my profits at 15.1

$REVI on news .039 +$386 in one account; glad i kept the other 50k ... scaled out more slowly in my other account +$750 total +$1136
$HEMP .21 on news -$190 CRAP!!!! out at .205 20k shares was too much ...
$HPTG swing tiny .77 for swing looks prepromoish
$FFFC .0034 for gapper
$DEWM possibly for gapper if it holds .004s


Grinders: 1/1

$GSAT chased 2.34 with 2.30 risk and n52s target; got it, +$40

Shorts: 9/13


$MCIG shorted out the gate covered mid .30s for +$180
$MJNA out the gate +$113
$BRDT .40 +$348
$VAPE 15.5 covered 15 +$55
$AVTC 3.77 +$127
$AERO 6.5 covered at 6 +$525 had to be patient with it

$NRTI .15 covered 165 for -$175
$SMT tiny to test chart, lower highs; r/r not really favourable 3.45 risk 3.20 target

getting a higher low, so got out at 3.27 for +$10 will keep watching

nice droppage

$SMT again partial fill - trying to hold for a long fade 

covered most here - this is the kind of play eventually i'll need to risk a lot more otherwise not worth my time watching it

all out for +$100 finally some decent nas trading on my part ...

$IMN trying a few under $5 not exactly setup as $RLD yesterday but fairly similar; 5 u/o risk

+$12 it was going nowhere got sick of watching it

$LVLT not perfect setup, but good r/r here; like it for a new lod and risk is 36.6 

-$15 it perked

$CTIC htb but would like to keep an eye on it

would have worked ok

$ARIA not great r/r so playing small, looking for a fade on it making lower highs

got a little drop, but it bounced off the previous low ... i guess 8 u/o i should be out
... out for +$8

$TWTR 54.5 risk 53.5 target

added a few here and lowered stop to 54.25

-$26 got out on this grind

at least my covers were good

$

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