Friday, 27 February 2015

Trades 27/02/15


Today was one of those days i knew i should have not been trading, yet i ignored my rules and traded anyway; wasn't focused/alert enough to be trading yet i chose to not miss a day anyway;
Started well enough in pre though, but then made a bad trade on $CYCC and that was pretty much it for me

Lessons:


  • RE $CYCC - If borrows are scarce either pass or play super small with a wide stop; my issue here was playing a largish position without the ability to get in/out quickly



Trades: 

$CRMD had some o/n - was hoping for a gap down, instead it gapped up, sold half at 5.30 from 5.4 entry yesterday; then added when it looked cracky

$CYTX long in pre on a dip; lacked the conviction, sold  for a loss


$GENE short in pre, covered some lower and reshorted higher, tried for some more but SSR made for hard fills


$ATOS small in pre on a PR that's likely to get some o/n shorters to cover

$CYCC not a great entry, but super-extended looking for a big correction; IB ran out of shares so couldn't add higher unfortunately; really sucked not having shares to borrow, as this would have allowed me to be more nimble rather than hold with a wide stop; had ample chances of getting out evenish, instead suffered a BIG loss, horrid trade; stopped out at 2 as i was afraid if it broke 2 it'd get to 2.10 in a heartbeat (which it later did)




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