Poor trading today in pre that set me back $300, $FXCM saved the day though, kept me in the green; done lots of practice on quick scalping (being nimble) both long and short $ARRY with mixed success, down overall, but good lessons there
$BOX was the best play of the day as explained below
$ADXS I let myself get squeezed on the o/n position, but added higher to better my avg
From next week I will stop executing most trades using DAS which means no more fancy charts; I find that it actually impedes my trading, so apologies in advance ...
Lessons:
- Buying news/rumour premarkets has gone cold again, back to no premarket trading (unless an un-passable opportunity)
Trades:
$AVP had o/n 8.5 puts, got very excited at the open when it gapped down and sold them all for a profit ... given today was expiry day and no official denial of rumour was released I wasnt in the mood to hold longer
$CNET risky long in pre on news, assuming many are caught short in this, should spike at the open unless "they" sell heavily into the new buyers; risking 10c to make 20c+; well that didnt work ... lost 20c - shouldn't really have chased a day3 turdy stock
$APP on premarket news, like a good pop too that one; $1 risk, $1.15-20 target; worked out just like $CNET; had +5c but didnt take it; rumours get squashed in this market quickly
$CNET waited for it to settle and shorted with the intention of swinging a red close; didnt cover enough at the bottom and when it started perking i was worried a repeat of yesterday (test of lows and biiiig ramp into close); might take a few o/w if it closes weak
$CNET risky long in pre on news, assuming many are caught short in this, should spike at the open unless "they" sell heavily into the new buyers; risking 10c to make 20c+; well that didnt work ... lost 20c - shouldn't really have chased a day3 turdy stock
$APP on premarket news, like a good pop too that one; $1 risk, $1.15-20 target; worked out just like $CNET; had +5c but didnt take it; rumours get squashed in this market quickly
$CNET waited for it to settle and shorted with the intention of swinging a red close; didnt cover enough at the bottom and when it started perking i was worried a repeat of yesterday (test of lows and biiiig ramp into close); might take a few o/w if it closes weak
$ADXS added to yesterday's swing, had 8 as risk; managed to minimised losses here, better had i just covered on the green open
$FXCM had some o/n which sold for a profit; IB ran out of shares on the rumour that spiked it to 3+ so rebought the puts
$BOX once entire float traded in the first 10 minutes it was a decent long, shoulda woulda risked more as seen this many times before ... still, good trade, happy i grabbed few more on a dip (twice) to make it a decent trade overall, glad i wasnt too greedy and sold when it really sped up
$ARRY - traded it ok overall in the am session - training being nimble ... nice covering when 6.80 held; then just kept practicing with small shares; in the pm i was sloppier and chased entries long and short, so ended down on the day on it
$VGGL turd like the break of trend, needs some vol with .75 break and it's back at 3; vol didnt come, worked for peanuts
$ARRY stuffing at $7 - at least I'm picking up something finally about these super-momo plays; managed to scalp it quickly for 20c
$EGLT read it perfectly, stock so overextended i only too 100sh ...
$MHR risking 5c for 15c move; didnt work
$PKT
I was in $EGLT at 10.00...it was scary))
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