Thursday, 20 February 2014

Trades 20/02/14

Lessons:

  • DONE WITH AUTOMATICALLY BUYING POT STOCKS ON PR'S - IT WORKS LESS AND LESS WELL AND LESS PREDICTABLE (RE $MNTR)
  • CUT LOSSES QUICKLY!!!! (RE $MVIS)

Traded well today in general, mostly nasdaq stocks which is what i'm trying to focus on. $MVIS - traded it shockingly bad on one hand by not covering loss quickly and fighting the trend, on the other hand i hadnt panicked and managed to finish almost flat on it where i was down unrealised almost $1.2k ... not the best risk management here, it's almost bad that it had worked as it really is a bad habit; obviously instead of keeping core and adding averaging up, i should have covered and approached it fresh, shorting on pops and i would have done much better.
Second trade on it, i let it squeeze me again, proving i've not learned much from my prior experience, but again i held and it dropped and this time i covered for a profit. While it worked this time the main takeaway is to CUT LOSSES QUICKLY!!!!
Third trade was much better ...
+$2700 today 

Gappers: 1/2 +$7

$FMCC 3.23 +$25
$FVRG 1.5 -$18


Swings: 2/2 +$1506

$FWDG .011 -> paid to baghold this pos, 8-k with keyword hemp, out most for +$1200 
$SITS avg .0081 
$IDTA .0016 
$IEEC .12
$BLLZ .012 

$SOPW .355 short +$306 might be going lower but was eating too much of my capital

Longs: 4/6 +$241

$NVLX .21 on some pretty good news and chart +$179
$ARIA +$16
$BIOL nice daily and nice intraday chart, 3.15 risk nhod target

unbelievable, i sold for -$90 loss and then it moves to 2.29 ... i'm no good at these

$STEV pot news +$112
$SKTO dont like how it trades, but news with AEGY and it went from -3% to green, SKTO have yet to budge from -3% on the day, in at .0425 -$67 adding it to banned stocks list
$LATF on news .011 +$178
$MNTR on news +$25
$CIIX small .97 for possible 1 cross today or tomorrow
$NVLX .234 for gapper
$ZERO 1.03 for gapper

Shorts: 12/15 +$971


$RPTP small in pre

+$43 i guess i could have been more aggressive

blarg

$MEET

covered here +$80

$NBR 22.50 risk

-$60 will wait for it to setltle

$NBR tried again on 22.5 o/u -$30 it's not ready yet

$NBR made back +$10 partial fill 

this is the fade i was looking for and was too impatient 

$SHIP trying to get short here with 2.60 risk;

+$240

lowered risk to 2.50 prior high
$MVIS started too soon and instead of covering for a small loss at nhod i held and added up
added more on 2.50 fail, hoping to breakeven. great strategy.


covered a few here and then it bounced off that 2.28 level a few times, where i should have covered rest .. instead i let it spike and tried to short some on a lower high but just missed it

-$86 well perhaps not the best way to have traded it, down $1200 unrealised to -$86 ... at least i didnt panic. will take a lunch break now.

$MOBI risk nhod -$81 

$MOBI made back +$20

$SPPR +$25 
 $SPPR shorted again on this curl, risk 3.90 target 3.50

wow, that worked well - +$270

$SPPR again 3.65 with 3.70 risk 3.50 target +$105

$NBR again prior high risk - goal is to hold onto it for a fade, it's up from $18

covered half here

+$40

$BIOL 2.30 risk 2.15 target

just missed my cover by 1c, hopefully it drops back there

added a bit 3.22, finally came back and covered half 3.17

meh covered rest 3.19 it's not breaking down +$90

$MVIS small and tight stop 

+$105; got squeeeezed but held onto it and covered into a wash

$MVIS trying again, previous high stop, target is to see it test support at the 2.60s

covered half here

rest when it bounced off support again +$200



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