Today was overshadowed by $CNET unfortunately - took a position over the weekend, 2.10 avg; took 1/4 off at 2 in pre, and suddenly it went crazy, press release, so I covered 2.20s to 2.50s for a big loss. It did retrace back under 2 ... but I had no choice but to cover in pre, as with the float and $BIDU news it could have easily hit 3
Other than that made decent trades the first half hour, but then my head was just not in it and I was forcing ($BCLI) so decided to call it quits
$ARRY another case in matter how I'd fare better if i stick to fewer plays ... had some real good entries I would have otherwise been more patient with:
Update:
Came back after the lunch break and mainly practiced on $ARRY as you can read below, overall did well, had a nice read on it; will (again) try to stick to fewer stocks tomorrow so I could get to know and scalp them more efficiently
Trades:
$FXCM had a small long o/n position 2.35 which i sold in pre at 2.50
$FXCM Mar $2.5 calls sold at the open on that gap up
$FXCM Mar $2.5 calls sold at the open on that gap up
$ASPS tried a tiny bit on $OCN settlement - long didnt work, later day was short biased and made most back
$CNET as explained above
$OCN tried in pre on a dip - didnt work; tried again later - worked better, see chart
$OCN again good trade
$RITT long the news, such a tiny float; worked well for +$250; unfortunately went back to it a few times and gave it all back ; disappointed I did that, i do have a rule to NOT revisit a long winner
$BCLI messed this one up - revenge trades galore, left it alone then
$ARRY long
$ARRY another long on break of lower highs trend
$ARRY short this time, bad entry
$MAT $28 risk - another good trade, only used tiny size though (100sh)
$AVP quick short scalp
$HTBX - nice covers, was going to be patient/greedy with it, but they were supporting 5.25s
$RMTI
$ARRY another short, small position
$ARRY hod rejection, 250sh
$ARRY another decent one
$ARRY they were absorbing loads at 7.70 however that's not somethign i'm used to doing; tested the theory with 100sh and piked it for 5c
This is what I mean by "absorbing"
$ARRY and when 7.70 gave up, i scalped it for another 5c
$AMPE long on this nice setup Dave spotted
$CNET as explained above
$OCN tried in pre on a dip - didnt work; tried again later - worked better, see chart
$RITT long the news, such a tiny float; worked well for +$250; unfortunately went back to it a few times and gave it all back ; disappointed I did that, i do have a rule to NOT revisit a long winner
$BCLI messed this one up - revenge trades galore, left it alone then
$ARRY long
$ARRY another long on break of lower highs trend
$ARRY short this time, bad entry
$MAT $28 risk - another good trade, only used tiny size though (100sh)
$AVP quick short scalp
$HTBX - nice covers, was going to be patient/greedy with it, but they were supporting 5.25s
$RMTI
$ARRY another short, small position
$ARRY hod rejection, 250sh
$ARRY they were absorbing loads at 7.70 however that's not somethign i'm used to doing; tested the theory with 100sh and piked it for 5c
$AMPE long on this nice setup Dave spotted
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