Monday, 10 February 2014

Trades 10/02/14

Lessons:

  • STAY AS HUNGRY AND DISCIPLINED EVEN WHEN YOU START THE DAY REALLY STRONG
  • CLOSE OPEN POSITIONS ESPECIALLY IN VOLATILE STOCKS ($LATF) IF YOU NEED TO SETUP OUT FOR AN HOUR ... 
  • STOP HOLDING AND HOPING YOU KNOW THAT'S NOT A STRATEGY ... ($LATF)

Great start for the day, bought $CYBK which was mentioned in news for another pot ticker, then banked on the gappers, and even made a few decent nas trades; then started to get a bit sloppy, not choosing the best setups ($BDSI $LATF); need to regroup, just because I'm up on the day doesnt mean i have to make bad trades; what's worse is instead of closing $LATF for a profit over .01 before I had to setup out for an hour, i put a sell order at .018 (which never executed) and i came back to see it under .009 ... basic rules that i neglected to respect;
It's so upsetting being up $300 and letting it go -$1000 on you ...
Up about $3400 today which makes it my best day so far, however that unnecessary $LATF loss really annoys me.


Gappers/Swings: 4/6

$WPWR .12 +$125
$WRPR .18 +$344 i cannot believe i sold for 24ish and it's now at .40 ... but better than being down $1k
$HPTG -$20 it wasnt going anywhere
$FFFC .0034 for gapper +$431
$DEWM possibly for gapper if it holds .004s +$375

$IDTA .0016 -$300 still got some left
$IEEC .12
$BLLZ .012 
$SFEX .128 



Longs: 9/15

$VEND +$110
$CYBK on pot news +$2059!!! bought .10 sold 12-13s
$LKEN .022 on pot news
$HEMP looked like a buy to me here, but i filled quickly which is usually a bad sign ... wasnt comfortable with it, took +$25

$GYST .008 on news +$126
$LATF .093 avg took -$600 loss some of it ...
$NYBD +$142 alert on iu otc chat
$POIL .42
$HEMP again on bouncing off bottom and some big blocks filling there +$40

$BDSI r/r seems good with that solid base at $9 support was a little bit lower; anyway it wasnt an ideal setup

-$59 meh, i easy broke under $9, i guess 

$AMMX -$27 good lesson in mini-greed here, was up $98 when it was bidding .0099x.01 and i held thinking it rip thru .01 and i'll be able to sell high .01x; instead it smashed right back
$STBV bought .005 (order i neglected to cancel from the open) sold .0052 for +$92 lucky ...
$WRPR i was preparing a gapper position but ended up selling .28 to .319 +$500
$XTRN 1.07 tiny for gapper, eh took +$40
$RXII 4.80 on uplisting for gapper
$CDZI may $5 calls 2.50 for swing
$USEI .0043 for swing
$GLSO 2.09 for swing
$LVVV .10 for gap
$FITX .1036
$EDXC .285

Faders: 0/1

$BDSI dropped another support, should be good for a pull to 8.75 -$55 didnt fade


Shorts: 5/11


$PLUG

added here

covered  3.63, 3.50s for +$130
liking my covers, looks like it's a short if it doesnt make a new high but i might pass


$TOF 5.60 off watchlist r/g risk +$15 it turned very illiquid so had to get out
$PGLO .22 +$28 covered .21
$MDW 1.26 covered 1.29 -$90 silly trade as i had to leave for an hour just before i took it
$PLUG trying again 3.65 with 3.7 risk 

covered here for +$20 as it was making higher lows

$LSCC risky here - 6.75 with 6.80 risk; stopped out -$20 will wait for if/when it breaks 6.70

$LSCC again 6.72 with 6.75 risk, if 6.70 goes it could snap a little

-$17 



$CTIC like it here for a snap; risk 3.55 target g/r

took here when it seemed to bounce off 3.43 +$42

good covers

$KOOL

covered half at 2.28

rest 2.30 for +$60

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