Tuesday, 11 February 2014

Trades 11/02/14

Lessons:

  • NEED TO FOCUS ON FEWER PLAYS
  • TRADE LESS ... REGROUP AND FOCUS ON THE OPTIMAL SETUPS ...
  • AGAIN - WIDER STOPS WOULD HELP (RE $OPTT)

Overtraded like a maniac today - great thing about trading is tomorrow is another day ... need to slow down, trade less, focus on the good setups.
The real bright side today is even though I made some bad decisions I managed to end up $1500+, a few weeks ago this would be a disastrous day so I must have learned something.
I do have some nasty unrealised losses mainly on $SKTO, $EDXC hoping for a bounce there ...

Gappers/Swings: 4/8 -$435

$POIL .42 +$128
$RXII 4.80 +$142
$CDZI may $5 calls 2.50 
$USEI .0043 -$85
$GLSO 2.09 -$90
$LVVV .10 +$52
$FITX .1036 +$253
$EDXC .285 -$235 still have some .26 avg now

$LATF .09 -$600
$IDTA .0016 
$IEEC .12
$BLLZ .012 
$SFEX .128  


Longs: 4/8 -$42

$VEND 5.12 -$162
$AFAI -$62
$GLER .0032 gamble
$ASKH .66
$AEGY .0065 for swing on news +$144
$SKTO .04 on same news +$61
$LATF +$60

$SKTO took .044 again 
$KGET -$20 on news
$CHK -$100 on news - last time i chase news, that's it!!!
$CDFT .20 for swing
$CLFD +$37 on ui chat alert
$POIL .48 for gapper
$XTRM for gapper .026
$LVGI .0013 for gapper
$AFAI .175 for gapper
$XXII 2.90 for gapper
$NPWZ .025

Grinders: 0/1 -$40

$OPTT 3.50 trager 3.30 risk -$40 it stopped grinding

Washouts: 2/2 +$465

$LATF .0057 +$150

$CBIS .157 +$315

Shorts: 17/22 +$1600


$MDBX 28.23 covered 27 for +$330
$AERO 6.50 covered 6.20s for +$311
$IFON 3.49 +$41 was too busy with other trades

$OHRP +$157

$VAPE 13 covered 12, 11.75 +$286
$SODA -$55 chased nate like an idiot
$AVTC 3.35 +$66
$GTAT trying on 11.50 test -$16 will try again

$GTAT trying again on failure to hold 11.50 target is nlod; covered for 

+$16 to concentrate on other plays

$CTIC 3.60 risk - out flat was grinding 
$OPTT 3.65 risk thinking 3.50 snaps and i cant get a 10c move

-$228 - this one hurts ... i was right 3.50 did snap but didnt hit my covers, and i wasnt quick enough to cover

$OPTT 

+$160 it bounced off .50 again


$MODN not perfect setup but interesting to see what it'll do if 12.10s snamp

+$180



$OPTT again 3.32, 3.40 risk covered at 3.26 for +$50


$GTAT on IU chat alert 11.17 +$65
$YOD 6.63

covered at 3.38 for +$125

$CBR very similar setup to $MODN; risk is 4.13 target flush under $4 -$39 didnt happen


$MDW 1.24 - just idiotic, covered for -$100
$OPTT anticipating 4 o/u 4.03 

+$100 covered 3.92

$MEDL .37 partial fill covered .36 for +$25
$MEDL bounced back to .37 where i shorted again another +$35
$OPTT trying again here 4.04

covered half 3.97 then it went u/o 4, waiting to see if it goes back under; covered half for b/e +$50
$OPTT blah i'm burning so much commissions here, jumped back in 3.92; covered 3.88 for +$20 (after comms b/e)

Good covers

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