Trades 19/02/14

Lessons:

• STAY LIQUID!!!
• DONT BUY PERKS / GRINDS - I SEEM TO SCREW IT UP MOST TIMES (RE $INWK)
• EASE OFF POT STOCKS AND TIME TO GO EASY ON ALL OTCS, AT LEAST FOR NOW
• $INO NEED TO HAVE THIS CHART AS A PERMANENT STICKY NOTE - THIS IS WHAT HAPPENS WHEN YOU CHASE A STOCK TOGETHER WITH EVERY MAN AND HIS DOG
• 
• AND THEN THIS:

Shorted more of $SOPW out the gate which resulted in me using all my available cash and being unable to trade much ... couldn't cover either as the spread was wide ... need to remember to always stay liquid. Also fills in the first 15 minutes on IB were impossible, much like yesterday, hoping it's a temporary glitch as it was pretty devastating;
Holding a few more bags now as "swings" - hopefully can get out eventually with less damage - $IDTA $IEEC $SITS $WTCG; Realised +$1000ish today

Gappers: 4/7 +$141 

$ERBB .0389 -$78
$CYBK .33 +$7 (filled only a tiny bit before it crashed)
$APGI .81 +$103
$EAPH .07 +$103
$PLPL 1.82 -$15
$ELTP .43 -$47
$AERO 7.45 +$68

Swings: 3/4 +$201

$FWDG .011 +$94 took some off
$SITS avg .0081 -$100 sold on a bounce to .0075 luckily and not at .005 ... still have a few
$IDTA .0016 
$IEEC .12
$BLLZ .012 
$CDZI may $5 calls 2.50 +$117
$AGSM .38 +$90 probably goes higher, but had to free funds
$SOPW .355 short

Longs: 2/2 +$359

$TEMN out the gate on news +$186
$FNAM 3.25 big b/o on the daily, started with 3.23 and might add on a break
$INWK i didnt actually buy but i was going to buy the 8.30, second later it dropped to 8.25 and i would have bailed. then it went back to 8.30 and carried on north. now hitting 8.38

$INO 2.98 screw it, will chase here, nice multiple time frame b/o if 3 goes; (iu chat alert) -$132

$WTCG filled only 2500 at .40 on MJ news... perhaps it's best; looks like MJ news only move subbies ... also this one had been front run; will hold until i'm closer to b/e
$AFFY .98 on pending $1 break and daily chart for swing +$425 took the quick gain
$FMCC 3.23 avg for gapper
$FVRG 1.5 close to a OTC b/o on the daily

$ERBB long, alerted on iu otc chat nice r/r; took -$125 off before the close, after this little perk it dropped to .033 

Shorts: 5/7 +$326

$AERO  7.7 +$100
$AVTC 3.5 -$84 silly short as it hadnt been up much past few days
$OCLS

added here

testing 4.10 support if doesnt snap i might bail

... snapped, next stop is prior low 4.03.

covered 1/3 4.02 after it bounced off 4, will hold rest to see if it can break 4; it did bounce off 4, glad i took some off, now will look for lower high to short into

covered 1/3 more 3.91; rest either on 4 u/o or much lower

all out +$150

$GST good r/r - 7 risk, it's up from 5.5

+$70 had to cover due to liquidity issues ...

$DHRM what a squeeze, liking the r/r here will add if it goes higher (but not higher than prior high)

made nhod -$50 hopefully spikes some more and i could use some size then

$DRHM trying again - 11.50 u/o stop

hard to say if it's consolidating higher or topping out ... still, 11.5 risk with 11 first target

added here, if bounces off 11.25 i'm out

bounced 2c away from where i was going to cover;

added a bit more high 20s and it then started to downtrend; trying to cover half 11.05

covered .20 as it kept bouncing +$60

good cover: 

$INO shorted 2.90 thinking people won't o/n it covered 2.82 +$80