Trades 19/05/15

Blarg, had two great entries out the gate with $GIGA long and $OSUR short, just lacked the conviction and size to capitalise on either and made my day so much harder. Managed to squeeze "just" $200 out of those plays, so revenge traded $GIGA some more and lost some on $RGSE to get me to -$900 instead ...

Managed to scrap back some on $GIGA and good trades on $ONTY and $PTBI put me in the green. Just. And just a bit less than what I was up five minutes into the open. 
$GTXI trade made it firmly green.

So overall happy with the recovery, disappointed with the size I took on $GIGA when it was just going sideways and not cutting $RGSE losses quickly enough

Lessons:

• Dont trade large size when you dont have conviction, no strong bias, eg when stock like $GIGA goes sideways, leave it alone until there's an edge
• Within the first five minutes of the open - Stick to pre-planned trades only 

Trades: 

$OSUR nice trade, wanted to hit it hard had it popped out the gate, alas it didnt; covered a tad too fast too

$GIGA oh boy how I messed this up ... didn't nail it at the open (made $100) so decided to revenge trade it all morning, changed bias, bad entries, the lot. Was down $600 instead of leaving it at $100. Here finally I developed a strong bias based on what the chart was showing me, yet I was too slow in reacting  (that big vol couldnt move it much suggested heavy selling); My avg should have been much higher but my trading has been poor; 

$GIGA managed to recover much of the losses on the early trades with this short

$GIGA and some more here

$ONTY missed the good entries as was busy with $GIGA

$GTXI o/e daily, good chance it snaps; dumped to concentrate on $GIGA

$UWN o/e daily, good chance it snaps; dumped to concentrate on $GIGA

$RGSE looked like today's runner, managed to get a good sell on part of the position, too greedy with rest and didnt stop out where I was supposed to

$PTBIW bought some of the calls/warrants on the big move; played it twice.

$GTXI again, might hold o/n, has a history of fading first red day after a big run; couldnt resist taking it off

$GIGA again, got rejected by VWAP a few times, thought it would continue to fade. Instead it pushed thru it, gave it some time to see if it would retrace and covered most of even once it had; reshorted half when it seemed weak

P&L: