Played $NQ a few times, thankfully kept tight stops,
Finished up $1000 mainly thanks to $TWTR and $MNKD puts, and $GBLX
Lessons:
Stop focusing on too many stocks at the open, makes me miss your exits
Trade Highlights:
$TWTR bought some $32 puts on that crazy move yesterday +$400
$NQ 8 risk nhod target, 8.25, 8.50 target
sold half 8.25
rest here, $8
$NEWL 1.75 risk 1.90 target -20
good save
$LIVE 5 risk nhod target
-55
$NQ short here
missed my covers by 1c
added at 8
+$23 twice missed much better exists
$NQ long again here out even
$OPTT 2.75 risk 3+ target
$SFUN puts
$NQ long here again 7.88 risk 8.24 target -50
$NQ short here, on SSR so didnt fill much
+25
$ANTH bought some 3.20s, bios running everywhere +$36 wasnt really moving much
$NQ made a mess out of it so far, finally looks like it's been basing and ready for a move up
+20 couldnt babysit it anymore, good exit too, it dropped further 10c straight after
$MNKD took some $9 puts on this big move +$200 on half
$NPSP perhaps needs a bit more vol 31.5 risk, 34 target -$20
$GBLX a bit illiquid, but former runner and low float, tried to pick up them 2s on that big pullback but could only managed 2.30s took $225 and leaving rest o/n
Made $180 on $ICLD long and $180 on $ICLD short - finally skillfully balanced scalping for quick profit with batting for home runs (do more of the former and less of the latter)
Good success rate overall today, one bad trade was one that I shouldn't take, I'm not yet any good at picking up stocks red on the and accurately call the perk ($MNGA)
+$650 on the day
New (updated) trading rules:
- NEVER ADD TO A LOSER
- DON'T SHORT AM PARA WITH NO DEFINED R/R - WAIT FOR LOWER HIGHS
- BIG MOVERS SHORT IN THE AFTERNOON
- PAIN THRESHOLD - $1K
- NO GAMBLING
- NO DRAMA
- NO ILLIQUID OTCS
- DON'T LET OTHER TRADERS INFLUENCE DECISIONS
- NEVER SHORT A BOTTOM
- DON'T PLAY THE NEWS LONG OR SHORT
- NO SUBBIES
- NO SIZE BETWEEN 11 AND 2
- NO DIP BUYING ON STOCKS DOWN ON THE DAY
Trade Highlights:
$LIVE went long, only partial fill
$MNGA 1.55 risk 1.65 target, thought it was the start of an AM perk and r/g
-$140 should have cut it sooner
$ICLD usually I'd be short biased here, instead went long (on suretrader too)+$55
$ICLD again 5.45
+$150
$ICLD shorted here
covered here +80
$ICLD again
+$120 covered 3.70s
nice fade ...
$ASTC missed it twice, trying it here on similar setup, smaller size; 4 risk 3.50 target
ahh wasnt quick enough to take a quick gain at 3.75, will give it another go at cracking 3.75
+110 gave it another chance, it cracked but bounced right off so i covered 3.77
nice fade
Today really sucked, very few good trades, some other setups which I could have minimised losses on too.
Had to leave at 2pm est which put more pressure on me to do well which unfortunately had the opposite effect.
First red day in a while -$500 today
Trade Highlights:
$VVUS took some $6 calls, should have done more research first, as soon as I realised I took some puts to hedge -$400
$VVUS shorted at 5, waiting to see if it can lose bottom before I cover
+$111
$SCON bought some 3.06 and sold half 3.18 then bought back at 3.06
$LIVE long here, i like the basing at 4.80; risk is 4.80 target nhod
+$55
too soon :)
$LIVE 5.05 risk nhod target -$25, it dropped back to 5.10 and looked bearish i got out
Glad i did
$DARA long here, 1.83 risk, targets 2.09 and nhod
$DARA well that sucked, it quickly turned into a Trunk Pattern, should have realised and cut my losses quicker -$332
