Trades 13/02/14

Lessons:

• DONT TRADE NASDAQS IN THE FIRST 15 MINUTES OF TRADING, WAIT FOR PATTERNS TO FORM ... MY GOOD TRADES ARE FROM 9:45-10 ONWARDS
• I'M AMAZED HOW I STILL MAKE FAT FINGER TRADES - I SUPPOSE I MAKE 100 TRADES A DAY, BUT STILL THAT'S NO EXCUSE

Learned a valuable lesson on $GENE $CDTI - that's one pattern not to short into; after I regrouped I started trading more sensibly, shorting on pops and did quite well, recouped some losses on $GENE and made some good trades on $OPTT;
While subbies are going pretty wild, going to limit myself to $1-2k OTC positions again - I'm doing ok on nasdaqs and would like to focus more on that rather than having to monitor several OTC positions instead. Ideally I shouldnt need to monitor more than 2-3 positions at a time.
+$1500ish today.


Gappers: 3/3 +$225

$SING .055 +$126
$PHOT .34 +$60
$ICBU .11 +$39


Swings: 1/1 +$138

$FWDG .011 
$IDTA .0016 
$IEEC .12
$BLLZ .012 
$SFEX .128  +$7 this can go to .20 (or 0) without me
$CDZI may $5 calls 2.50
$BFCF 2.98
$ECIG 100 shares 15.5
$VTEQ .86 took +$138
$TAMG .37

Longs: 6/6 +$1178

$EFFI +$566 on news
$AFPW at the open on news .0018 sold .002 .0023 for +$362
$OPTT on higher lows

+$40

$CRME chased so took tiny then added lower 8.85 avg such a handsome chart ,
$GENE lower lows and firm base at 2.20 nhod target

only partial fill so couldnt be bothered with it too much, worked ok until it didnt +$20

$FSPM bought the eod dip, a bit too early at 5.10s added lower on the REAL dip at 4.90 sold at 5.25 after selling half my 5.10 at 5, so only +$34

$BRND +$156 alert on iu otc chat, got lucky with back fill somehow
$ICNV .58 for gapper
$LATF .083 for gapper
$ECOB insane to gap it, but it worked for whoever gapped $REVO
$GLCO .03 for gapper
$SPLI .021 for gapper
$BECC .78 for gapper
$GANK 1.15 for gapper


Shorts: 10/13 +$88

$ARL +$43 on 100 shares
$YOD perfect lower high only filled 100 shares though

thinking here it short on pops 

+$77

$OPTT 4.75 risk

-$156 - should have tried 500 shares not 1000

$GENE looks a little like a skinny triangle 2 stop 190 target

got squeezed to death -$470

$OPTT again looked like a tomahawk

+$60

$CDTI skinny triangle formation

shame on me for twice getting caught in the exact same squeeze

this time i held and added a little thinking the move couldnt be sustained
got out with +$50 instead of -$250 ...

$GENE shorted here again

covered half


add here

covered rest, made about +$100

$OPTT again with 5 risk 4.85 snaps and i win

->covered half, next need to see if it bounces off 4.82

covered +$230

$YOD

 got out is it was perking -$34 (BEFORE that huge spike, got out at 5.93...)


$YOD 6 risk

took another +$20
$GENE tiny here in case it cracks 2.2

it sure did, covered 2.12 for +$80

$RMTI risky here and on news but i like the r/r

covered 12.26 for +$55 (on sure trader, IB only filled me 1.2 shares)

$OPTT on another pop - 4.85ish risk

out flat

$TLOG newsletter alert 

covered for +$33