My strategy so far has been much more short biased in nature, primarily as I am more comfortable shorting than going long, however I do need to improve my long skills, as I am missing out on plenty of opportunities.
Today's main focus was $LIVE - shorted it at 5.25 range, thinking consolidation then dump, and i was wrong - covered quick enough, but my position size was large so I was down $1k. I kept watching it and nailed a far superior entry at 6 o/u which I was patient with and covered some when 5.50 was protected on several attempts, then rest when it was going sideways. I did re-short 5.57 for the eod 5.50 which worked out well, almost back to even on that trade.
Just about broke even today
Gappers: 1/3 +$10
$GRNH -$74 got spooked by the weak open ...
$AXAS +$100
$CBIS -$16
Swings: 1/1+$50
$MRIB didnt realise i was short 2k shares at .04s +$50
Longs: 3/3 +$96
$PLUG +$28
$FXEN as long as it holds 4.5 +$46
this happened just seconds later
$FXEN again 4.60 risk, long for eod run +$22
Shorts: 7/14 -$121
$BIOF +$12 only filled 200 shares
$MCIC -$252 added on r/g and covered on r/g
$AKBA +$142
$AXAS -$60
$TSL +$12
$BIOF again - out for b/e will wait for 7.50 o/u
good cover
$LIVE -$149 (3 trades, one BAD 2 good)
$NVLX .35 +$192 covered mid 32s
$HLF +$123 (two trades one good one bad)
$SINA -$141 (3 trades, 1 good 2 bad)
$MCIC -$252 added on r/g and covered on r/g
$AKBA +$142
$AXAS -$60
$TSL +$12
$BIOF again - out for b/e will wait for 7.50 o/u
good cover
$LIVE -$149 (3 trades, one BAD 2 good)
$NVLX .35 +$192 covered mid 32s
$HLF +$123 (two trades one good one bad)
$SINA -$141 (3 trades, 1 good 2 bad)
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