Wednesday, 19 November 2014

Trades 19/11/14


First hour or so I was just shorting under $5 gold stocks and selling my o/n $SPY and $YHOO puts; On some puts I was patience enough to sell for a double (the small positions) on the larger ones (still only 30 contracts) I scaled out, last few were doubles; I again lacked the patience to hold for the bigger prize ... I'll eventually learn, especially as these were meant to be swing positions rather than o/n gappers;
Unfortunately I used IB this am mostly (meaning crappy charts today), as I'm still more comfortable using it, especially at the open.

Pretty pleased with my $VIPS trades, played really small, however nailed tops and covered washes really well. Should provide me with confidence to take more risk next time.


Longs:  

$CLF 8.8 risk for 9+ didnt work


Shorts: 

$CSTM with .50 risk; stopped out - wasnt best setup 

$KGC on trend break, hod risk, looking for 5-10c


$NADL flat line so tiny position and tight stop 3.35, looking for fade back to 3; Gave up on it 3.17-3.21

$RIC $MDW $IAG $PPP on $ANV death; s/s at the open and scaled out





$VGGL got bored, took a few cents; need to work on them boredom covers


$VIPS 21.4 risk - nice covers! shorted again 21.5 and covered quickly to focus on $RIC; later shorted on parabolic, only 100sh, covered into a wash; 3rd time 22.15 with 22.25 risk, again covered on a dip; final time at 22.40s with 22.60 risk

$CLF only filled 100 - nice duvet! 

$YHOO real tight stop, eyeing the bottom falling off

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