Trades 17/06/14

Again today used bigger size and was more picky about my trades.
$GIGA where normally I'd be short biased after ten minutes and be well under, instead I bought the dips, and bought when support held and sold into pops.
Used calls appropriately with $MCRS for a good return.

Finished up $1025

Lessons:

• If you want in, just hit the offer instead of sitting on the bid trying to get a better entry (1c makes little difference if you think it's going up 10c)

Trade Highlights:


$GIGA +$645 - considered going long at 2.85 but didnt take it, instead bought on a dip right before the open at 3.25 and scaled out on the way up; need to work on keeping a 1/4 in case it goes nuts as it did (4.50).
Bought again on a dip and sold for a loss before making another trade 4.10 to 4.40, both times traded small as i had less conviction;
later on went long again 4.40, it was consolidating, had 4.25 as risk, it did test my patience but eventually broke out to new highs where i was happy to exit; finally bought some at 4.40 with 4.32 risk, support held and then it finally spiked and i exited the position

$ANFI -$75 earnings winner, big selloff out the gate, followed by higher lows; sold a 1/3 for a profit, was too patient with the rest

$ACHN -$51, bought on a dip, thought it had more juice ... made lower low so i got out

$SPWR longed .62 with .50 risk and $40ish target +$75

$MCRS halted then resumed and ripped, took some $70 calls 1.20 avg, sold at 2 for $500; it was .45x1.5 when i looked at the calls, last trade .45; i bought 1.5 then 1s before i sold at 2; timed it just right, otherwise could have been disastrous