Monday, 31 March 2014

Trades 31/03/14

Lessons:

  • ON BIG MOVERS OUT THE GATE (eg $BIOF WAIT FOR THEM TO SETTLE BEFORE ENTERING A POSITION!!!!)
  • IF STOCKS HOLDS SUPPORT 2-3-4 TIMES, JUST SWALLOW YOUR PRIDE, COVER AND RE-SHORT HIGHER ... I'M STILL UNABLE TO DO THAT QUICK ENOUGH

Overall ok day - got too caught up with $BIOF and annoyingly was unable to wait for it to settle before shorting - so I was in my usual situation where I'm down a bunch unrealised and i have to average up, a very risky strategy. I could have actually finished up $300 on it, instead i was just under even. But my greatest takeaway and lesson is to not "get in front" of it, not to be too eager, maybe i need to go back to not trading nas the first 30 minutes, that usually helps me avoiding entering a trade before it's ready; +$850 today



Swings: 3/4 -$24

$TWTR $50 Apr Calls -$585
$GLGI +$1 was too illiquid for me to bother
$CBYI +$350 bag held this one for a while - problem is once it starts moving i have zero patience to see where it might go, just happy to take profits after being down 
$VHUB +$210 first day it's actually looking decent, but i'm not a fan of prepromos at the moment so i'll take my money and run

Longs: 4/4 +$673

$USEI .0135 risk +$119
$ERBB at .09 taking it o/n
$KNSC on news could only fill $600 worth unfortunately +$258
$REDG +$293




$LIEG +$3
$ICBU gapper .1326
$ENRT .76 gapper
$CANA small $1 for gapper
$VHUB rebought some for gapper


Shorts: 4/6 +$230


$SPLI +$121 right out the gate on that gap up
$CLNT +$36


$ARTX +$38


$ARTX again 6.50 risk +$84



$BIOF did my usual jumping into a position too early sizing up and not covering quickly ... added more on 6 o/u which helped, but i keep missing big gains due to mistiming my entries. From down $1500 unrealised to almost breakeven






covered half here for +$164


added 1/3 here

holding onto 5.75 support - i could cover here for b/e but wish to give it another crack at it. risk is it bounces hard from here if support holds yet again









it indeed held support, gave it a chance, instead of covering for another $150 instead i covered for -$170 so down -$5 overall again on a trade that should have been epic. maybe next time
$PSID -$44

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