Trades 16/12/14

Poor trading today, had good entries for Oil bounce, but let them go too soon, didn't like how volatile there were. Nice entry and covers on $CALA; poor patience on SPY trades too - first i was too patient with, the other not patient enough; (by patient i mean letting it run when it goes your way, not while grinding against you)

Longs:  

$BBEP worked well, though could have been more patient

$NOG worked well, though could have been more patient

Shorts: 

$SPY 198 calls out the gate. blah didnt take enough off on the expected wash ... close it for a loss
$NAV with 32.25 risk, only 100sh, worked well

$BLRX not a great avg;  covered even, gave it time but it wouldn't budge; re-shorted smaller later when it did finally budge and covered for a few cents when 1.70 held

$TNK on $FRO weakness; baaad trade - i shorted on weakness expecting  a big pull out the gate, bad entry; covered for a loss; then shorted where i *would* have shorted had i had any patience and recovered the losses. then i made some boredom trade on it, ended up being squeezed big time, it came back to flat and i didnt take it off only to see it go back up to the same spot... eventually it did come back and i covered flat; morale here is when you are given a gift and a way out of an awful trade for evens after being down a fair bit, just take it

$CALA on lower high; worked well

$ERF tried once, and covered when it went against me, good job obeying my stops there. then tried again later when oil failed to go r/g; second trade stopped out too

$USO on lower high and oil weakening 

$BBEP same story; didnt work, going to leave them oil stocks alone

$SPY 200 puts, trying again on this big move; well it moved under 200 shortly thereafter

$PTCT

$WG with 5.10 risk - covered half for b/e and other half a on a nice flush; re-shorted on a little pop covered for a small profit; and again .78 with .80 risk; covered half for a profit half for a loss

$ECR with 6.40 risk - covered for a dime