Wednesday, 26 March 2014

Trades 26/03/14

Lessons:

  • DONT SHORT A GAP UP OUT THE GATE, WAIT FOR IT TO SETTLE (RE $FFHL)

$FFHL messed up my trading in the first hour or two, other than that there wasnt much happening, glad to finish up $1200

Gappers: 0/0

$BAYP will baghold it for now

Swings / Bags: 1/3 +$138

$MRIB -$53
$BYSD +$260 on a LONGGG term swing position
$ECOB -$69 had carried this bag for a while to

Longs: 5/11 +$171

$WTII -$60
$INVE -$48
$EXPI .53 swing
$SPLI longed some here on this perk .37 risk -$50; argh did go r/g after
spli1
$GRPS partial fill +$130
$PLUG longed here a few, 6.85 risk -$20, couldnt hold $7
$MCGC nice daily 3.75 risk -$20
$INUV +$17 got bored
$REVO on news, nice daily chart too +$209
$TAUG -$109 adding it to my banned stocks list
$RNWF +$72 on filings
$TTDZ +$50 intraday b/o
$ELED .15 for a swing
$SNRY .008 for gapper tiny
$GSML .043 tiny for gapper
$SPLI .42 for gapper

Shorts: 7/13 +$892


$SPLI +$90
$EMAN +$42


$PLUG Apr $7 puts +$779
$CBGI +$50 wasnt dying fast enough
$FFHL i seemed to have not learned my lesson yet, first mistake was shorting straight out the gate. second mistake was not covering quickly as it was going against me. third was adding on the way up. fourth was not waiting for it to settle before shorting in the first place, and finally i covered a portion in panic right at the top (had i help i'd be up nicely); a bad trade like this messes up the rest of my day as i cant really concentrate on anything else; glad to have yet again survived one of these huge unrealised gains, but i really should learn by now
-$120 overall (+$300 on suretrader where i took my position on 2 o/u -$424 in IB where i started waaaay to early)










$MDRM -$7
$XXII 3.85 risk 3.60s target +$11 (one good one bad trade)





$KERX  +$47 (two trades, one good one bad)





1 comment:

  1. thanks for sharing.. I am looking into other pattern regarding shorting Spikes... your are helpful I will look around... ;) take care

    ReplyDelete