Trades 04/04/14

Lessons:

• NEVER SHORT A BOTTOM - EVEN IF YOU THINK FLUSH IS IMMINENT - TRIED IT A FEW TIMES, NEVER WORKS
• NO OTC LONGS UNTIL FURTHER NOTICE (FOCUS ON SHORING OTC PUMPS / HYPE ONLY)

OTCs killed me today, and I traded nasdaqs well, further affirms my intention to switch focus to nasdaqs ... could have been a real nice day if it werent to my crappy gappers, also took some $LATF on a bounce even though I said no more OTC longs.
Biggest mistake today was after some solid nas trading I shorted ISR right at the bottom anticipating a flush - and that never works. And instead of covering quickly i added on pops.
+$147

Gappers: 2/4 -$525

$FFFC -$297
$USEI -$326
$BCCI +$8
$ISR short 2.96 cover premarket at 2.88 +$90


Swings: 1/1 +$102

$PLUG May $7 puts +$102 took a few off

Longs: 1/3 -$59

$DRYS on shippers momo +$1 ...
$LATF  -$35
$GNK long on this setup -$25

Shorts: 7/9 +$629

$ISR shorted 3 o/u with 3.10 risk; covered most at 2.88-2.90 as it wasnt breaking support; if it bounces off that level i might re-short +$309 overall
reshorted 500 shares here, stop now at 2.95 for b/e 

$ISR reshorted here 2.90 risk - didnt cover at my stop, kept adding on pop and gave back all the gains -$300

$WTER .40 risk +$69
$ATRM +$350 shorted 7.4, 7.25, 7.10 covered 6.90 and 6.60s - it went subs 6 in the end!!

$HALO +$36
$FCEL 2.40 super tight stop but if $PLUG loses $7 i think this could see 2.25 +$43 covered 2.36
$SPLI .255 on #wolfpack releasing $FRTD +$80
$SPLI reshorted .25 -$30
$MLP +$81