Wednesday, 9 April 2014

Trades 09/04/14

Lessons:

  • OBEY THY RULES:
    • NO OTC LONGS OTHER THAN THE FINAL HOUR OF TRADING
    • OTC PUMPS WAIT FOR PARABOLIC ACTION OR G/R - DO NOT ANTICIPATE G/R
    • DO NOT SHORT BOTTOMS
    • WAIT FOR THE RIGHT SETUPS
    • DON'T LET OTHER TRADERS INFLUENCE YOUR DECISIONS 
    • BIG MOVER (50%+) - LET THEM SETTLE FIRST
    • DO NOT BUY ON NEWS UNLESS SOMETHING HUGE (EG REINSTATEMENT) 
  • DONE WITH $BLDP $PLUG $FCEL UNLESS THERE'S A REAL GOOD REASON TO TRADE THEM

Times like these it's really important to stick to one's rules, something I'm struggling with. 
Although some bounces in pot sector today, I'm still trying to focus most of my attention on nasdaq, realising it might cost me some $$$ in the short term, but hopefully will pay in the long term; made some decent nas trades today, with time I shall risk more on the better setups.
 +$160 today;


Gappers: 2/2 +$242

$ISR +$67 o/n short
$CBGI +$175

Swings: 0/2 -$266

$ERBB -$186
$MMAB -$80

Longs: 2/4 -$116

$BLDP on $PLUG r/g -$158 took 2k instead of the intended 1k 
$MDNT dip bought here though i really shouldnt have ... +$99

got luckly with my sells

$VKML bought on the news for a quick flip (again broke my rules)  -$9 luckily managed to escape unharmed
$HEMP +$123
$PHOT -$171 bought alongside big orders at .51, got out right when .50 was about the give in
$CBIS gapper
$ICBU gapper 
$BRPC gapper


Shorts: 8/9 +$300


$MY +$30
$CTCT $28 risk -$60 boredom trade


$RDNT +$91


$VISN +$88


$NXST +$30


$BIOF 6.10 risk +$60



$MNKD +$10 maybe too safe - but i dont like how it held .85 


$FB on 61 o/u +$21

$WARM took the last remaining shares IB had (1200) at 1.98 +$30

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