parabol128 Trades: Trades 04/06/15

A real slow day, especially compared to yesterday. Traded $AVEO well, not much else otherwise. Was a bit too stubborn with $OHGI, and not the best entries on $ONTY

Overall happy with the result given the slow day. Didn't take a break today given I was short $AVEO most day

Lessons:

Be very nimble in premarket - take quick profits
Be patient with 1st day runners on the 1st spike, scalp subsequent ones
STICK TO YOUR PLAN - if your plan is to wait for 4.10 to short ($OHGI) you don't start at 3.90s jic it never makes it to 4.10. If it doesn't make it to 4.10 your r/r isn't as good and you should just pass
Wait for a dip on intra-day news, never chase

Trades:

$DARA chased in pre at hods, sold for a loss

$CAPN had a short o/n at 2.50s covered 2.40s

$VLTC went long in pre on a dip, sold for 10c loss

$CPXX eCPXXedcted it to do more, had an o/n position, cut it for a loss

$RTGN popped on scanner - not really enough volume to go long, I cut it quickly luckily for a profit. Need to stop chasing these illiquid names

$AVEO in pre; will revisit at the open if we get a nice break of 3 on vol

$AVEO tiny short here on this bounce, looking too see a pullback to 2.75 with 2.90 u/o risk; was a tiny gain, but good practice

$NQ had a great trade, but came back to it twice and ruined it

$AVEO shorted again, covered some and then added higher, ended with not a great avg, should have waited for a pop to vwap to add; when it did pop i added some, stop at vwap u/o; took guts as at this point @investorslive was tweeting that he things "it's not over yet", usually I'd cover on such comment, this time went with my guts, and the r/r was good anyway, as i'd be covering u/o

$VLTC got squeezed; was waiting for r/g to short, it came, but then it did a r/g again which shook me out

$NQ tried one more time there; didnt cut the loss quick enough, gave back prior profits. Adding it to my ban list, such a tough one to trade

$OHGI plan was to wait for 4.10 with risk 4.15 ... of course I was too eager and didn't wait for 4.10 in fear of missing the trade, so had a much poorer avg. Also the stock wasn't nearly liquid enough to trade. Eventually added at 4.10 with that 4.15 risk and gladly it faded from there - although it ended up my best trade, I best avoid or use less size when liquidity is scarce, any small buy and the price jumps 10c; the r/r on the daily though is what attracted me to the trade; it's over extended and expected it to flush should it stay under $4; and did eventually flush, man had to exercise a lot of patience, only had 1/4 left for bottom fills

$AMPE short here with $3 risk, beat down chart, but this is 3rd green day and 3 is resistance on the daily; covered some when it popped above vwap, and re-added later. Covered 1/3 for a few cents, holding rest for more fade

$ONTY o/e daily chart, could flush under $4. Tried it a few times, until finally it worked. First trade I actually executed as planned, got the avg I wanted, but got shaken out; I then chased it much lower with tighter stop and traded in and out; I was basically aiming for a flush, it came eventually; Did a good job there adding the a winner, however would have done better having wider stops on the original entry in the 4.10s