I highly recommend watching @Investorslive Textboook Trading to beginners and intermediates as well to educate yourself about momentum trading
And the obvious disclaimer - I am not a trading/investment adviser so please be smart and consult a certified financial adviser before making any investment decisions
Summary of Trading:
$SGYP $AMCN both traded erratically this am, not sure if it's summer trading or what, glad I stayed away at the open from both
Good trades on $LOOK (long and short) and gift $UEC made it into a great day.
Also no losers for first time possibly ever.
P&L: $1025
Trades:
$AMCN took a few shares short before they run out at IB with 5.20 stop; took peanuts on this 5 u/o action, IB still has borrows; well i'd probably have covered into the morning spike, so cant complain how it washed after
$HNR only filled half after saw big blocks at 2, alas sold rather quickly too
$POZN took some 11.16 and added on g/r; covered 1/3 at 11ish when it dips were bought; another 1/3 into a r/g pop; added back when it seemed weak again, then covered when it perked; it's not ready yet
$LOOK should really have avoided given the awful volume, got lucky and sold into the first pop, if vol comes back will look to get back in
$UEC took largish position post-halt, stock down %30 and the refuted the (probably true) allegations; sold most for 5c, tried to let last 1/4 run a little ; probably goes much higher, but i'm finished for the week now
P&L:
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