Thursday, 21 August 2014

Trades Recap 21/08/14


* buys/covers are marked on the charts in blue, sells/shorts in red *

Finished up $200 today; poor trading today, if you take away $OVET trade I'd be in the red

Lessons:

  • Avoid shorting into day 1 movers as much as you can
  • Dont long random washouts (re $ATHM); buy washouts only on big runners 

Trade Highlights:

$HTBX -$137 - Traded multiple times. Initially (and it was the right idea) I was long biased as this was day 1 low floater mover. However it was spready and thin, so I sold my longs for a loss for the most part. Then I revenge shorted it, and luckily didnt let my pride get too much in the way and covered when it tested $6, otherwise i'd be covering at 6.75; I longed and scalp shorted it a few times to make some back; overall avoidable trade. Should have only used tiny size if trading this at all, and only long biased on dips.


$OVET +$500 - "spread scare" lives! picked up a few on the bid mon-tue, and sold toda,y most of what I had

$ATHM -$227 - traded twice or thrice, all losing trades

$BITA +$100 - closed puts position from two days ago;

$SPY +$200 - seems easy when spy is so strong but it didnt have much range to play with today

$DGLY -$2 - overtraded, didnt wait for the best setups in all cases.


$JRJC -$74 - overall traded it ok, bought dips and sold, was up $50 or so ... until Citron hit it and I was long; that erased my gains and then some. Nothing you can do about it, at least the position was small.

$EBAY -$165 traded 100sh at a time, and added when it went in my favour, unfortunately it turned very quickly each time; totally avoidable, should have used 100 shares and not added after a 5c drop



$DSKY +$96 - one of my favourite setups, big push out the gate, then a pull and perk

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