Investors live DVD

Same review as on my newer blog.
I was reluctant to buy the DVD because of the price tag and really didn’t know very much about Nate.  Heard it was worth the money and when I saw it on sale with a trial for his chat I decided to buy it.  Cheaper than a bad loss and got the opportunity to see what inverstorsunderground is all about.  I figured I knew a decent amount about day trading by now (few months in Tim Sykes’ chat and also Superman’s-reviews coming) but I ended up learning a lot watching this DVD.  Nate breaks it down very simply at the beginning in case you do not have any previous knowledge or experience trading.

The main thing that opened my eyes first time watching was how to set risk.  Before I was choosing how much of a stock to by from its price.  I would say I’ll put $2,000 into this stock, its $10/share so I would buy 200 shares and manage the trade from there.  Not knowing exactly when to get out if it went against me.  After watching the DVD it completely changed my approach and I know how much I’m risking per trade.  I now have a good spot to cut it off and keep my losers in control.  I know going into a trade I am risking a loss of $50 if I am wrong and nothing more.  This also helped me realize it is ok to be wrong and to just move onto the next one because my losing trades don’t hurt as much as before.     

Nate also gave me a new pattern to be on the watch for – ABCD setup.  I had seen it played out over and over before, but didn’t have a way to explain it or be ready to capitalize on it.  This is a great setup with a solid risk vs reward, most importantly the set risk I lacked in my trading previously. 

Nate is good about explaining what types of trades to focus on if you’re new.  Hint – if he says not for new traders, leave them alone.  Prove to yourself you have a good understanding of his other trade setups and can execute them consistently.  Only after would I suggest trying the riskier plays like parabolic shorts.  On that note I would wait and watch it play out multiple times in chat before using any real money.  The plays that are easiest for new traders to catch are ABCD and late day fades.

I liked how Nate goes over his setup in the DAS platform.  He shows you exactly what he is looking at and how to set it up on your own computer.  I set mine up like his, but to track 2 tickers instead of the 3 he does.  I have a smaller screen and 3 looks too small for me.  Without Nate going over this, I would not have opened a suretrader account.  He recommends them in the chapter he goes over a few brokers, but a walk through on how a successful trader set it up is what gave me the push to give it a try. 

Finally this DVD helped out with creating a watchlist and plan for the next day.  I struggled to create watchlists before.  I had some help from Tim, but he looks for very specific plays.  I am trying to be a full-time trader and like to push more buttons.  Nate helped identify patterns setting up from the daily charts.  I didn’t think about what the wick meant and looked like intraday before he spelled it out.  Also what to look for in a gap play – PDT friend because you buy at end of day and can sell at open next day and not using a day trade.  I limit my watchlists to stocks under $15 or $20 because I have a small account and can’t afford the bigger stocks.  Now I have something specific to watch for with every ticker on my watchlist.  I tend to favor the red to green setup because it is easy to identify and seems to give most small cap/micro cap stocks a good pop.  Also easy to identify on the daily chart it has a history of doing this.

Check out Nate’s DVD - http://www.investorslive.com/amember/aff/go/kavemanlax

http://profit.ly/store?aff=4078

I love how approachable Nate is in the chat and how helpful he is.  He always answers any questions I have and has helped guild me in trades I wasn’t sure to get out of or not.  I will create a review of IU chat later.  I will do a review for everything I mentioned in here-hoping to get it done next week or two.  (Superman’s chat, Tim’s chat, investors underground chat, ect)

Here’s another link if your interested in any of the guru’s on profitly.  Happy to give you my thoughts on any of the services. http://profit.ly/guru?aff=4078

5/28/14

More positive moves from the market and more more negative moves from me.  Over traded today and need to limit amount of trades I take on in the day.  100 dollars of commission and fees is not good.  Lots of action today, so here the recap.

IB account
daytrade-DYAX-had small profit that I did not take.  Hoping for big breakout that did not happen.  Got stopped out for a loss.

WATT- nice news released today and was able to exit position.  I sold some shares lower than planned, because I didn't think this spike would continue and wanted to limit the downside.  Ended up hitting my target, so could have better gain.  Glad to be out, if I re enter will be at a much better price for this spikey stock.

DARA- took an overnight position on this.  Was up nearly 100% on the day, so I probably should not have bought.  Small position in part because of this, hoping for a morning run or possible gap up.  Looks to gap down right now.

FCEL- another other night long position.  Sector is getting some attention again.  Will also look to play PLUG and maybe HPJ if setup is right.  Closed around high of day and looks more promising than DARA right now.  Look to sell both early in day tomorrow.

ST account
ended red again.  My daily loses this week have been in check, its the commission and fees taking me down.

5/27/14

Good day for the markets today.  Got some new all time highs.  Really close to 13 year highs in QQQ. Starting to believe the past few months were just a pullback, and bull market still here.  Looking forward to hearing what Tim has to say about it.  Superman's swing and that room have been doing very well.  Ready for my next swing position alongside them.

OH account
KANG- sold this after a little gain today.  Been holding this for a while and has not had good action.  Up nicely on the day.  May continue its ramp up, but happy to be out after being underwater for a while on it.

IB account
waiting to see if I got filled for IGC.  Tried to get a position to take overnight, didn't fill regular hours so left it open after hours.  Day trade should open up tomorrow.

ST account
Bad day for me.  Too many trades and commissions hit me.  Red day for me.  Did good on LIVE, but lost pretty much every other trade.

Need to be more careful with how many trades I take tomorrow.  That is for going forward in general.  Hopefully better rest of the week.  Will be nice to have nate back in the room for guidance next week.  Proved not ready to fly alone.

5/22/14

Markets be green again sucka.  All of the indexes ended up green, but not by much and supposedly on light volume.  Figured would be on light volume with memorial day coming monday.  Good time for a long weekend.  Am only planning on trading in the morning tomorrow as I expect most people to take off early.  Lets see how the day went.

IB:
sold TSL-tried to give it a chance and swing in my favor.  Had the opportunity for a profit but did not take it.  Sold for a loss, not the best start to the day.

daytrade-Shorted APOL-got word of big rumors around this stock and a large fund shorting them.  Chased a little to get in, missed entrance from earlier.  Covered once I moved my stop loss down.  It got triggered but I moved it to make sure I profited from this trade.  Was a small profit, could have been a large win if I wasn't stopped out.  But profit is profit.  I'll take the win.

ST:
First day using this account.  As I will try to keep reminding myself.  Focus on good trades and do not over trade.  Commissions will add up and erase wins.  Will not give as much info on these trades in this account.

MY-tried to go long and had steady downtrend.
Short MYGN-took forever for it to crack, but nice move.
ROYL-shorted for fader-should have held longer-only got small part of the move.

Overall green today

5/21/14

Markets seemed to act nicely for most people today.  Not a whole lot from me, mainly just watching.  Superman's chat was crazy today.  Seemed like anything being mentioned in there exploded shortly after.  I think superman ended the day up something like 150K.  Just insane. Ihttp://profit.ly/guru/superman?aff=4078   If you want to check him out.  Will be moving forward with my new suretrader account tomorrow.  They wanted me to wait to open up the platform, so I will try to get it set up tonight at some point.

covered VNCE-slow mover all day.  I thought the lockup ending would bring in better volume today...nope.  Hit a low of 24.19, but not where my order was waiting.  Ended up covering about 2 hours left in day.  Bought at low of the range it ended in.  Just a about 10 cents a share profit.  Again not a big winner, but not a loser.

Bought TSL-this is a play Tim is also in.  I am hoping for a gap tomorrow and will take it off.  Just playing hoping for a spike and or gap.  Closed alright, so maybe.  Not a lot of action in after hours so don't think it will move much tomorrow before opening bell.  Need to stop playing so many 3 letter stocks. Do not like AMEX that much.  Don't feel like they trade the same.

http://profit.ly/guru?aff=4078

5/20/14

indexes crash boom bang.  Down the stairs they go.  Small caps feel a little better now.  Could be money moving back into small caps from large caps.  Which would be good for my plays and focus.  Markets to downside led by Dow, so big guys getting hit right now.  Most likely an ugly week for them  as the long weekend gets closer.

PAL-sold as it made a decent run about an hour or so into the day.  Sold little under 28, in from the 25s.  Good play and gain on a small position.  Good call Mr Pedone.

QTWW-covered pretty much as fast as I could.  The panic I was hoping for came a lot later than I planned.  So covered for a few cents profit.  Could have have about 30/share.  But out with tiny profit.  Nice to have it not go perfectly as planned and have profit.

P-used a daytrade here.  Bought at great entry near bottom.  Had a quick gain so I locked in some profit and raised stop.  Then stop got triggered before it went on its big run.  Would have been a monster trade for me had I stayed in.  Still a little profit for me and makes it a good day.

VNCE-started a short position.  Lockup period expires tomorrow and hoping some of these newly introduced shares find way into the market.  Easier said by saying I hope these shareholders sell at least part of their position.  Got in right around the support level of 24.50.  Has to break this for a profit, but I think if it does break through this it can have a large move.  Thats why I'm in.

Money sent to suretrader yesterday, waiting on their confirmation.  Then will have little more activity.  Biggest enemy will be overtrading, so will aim at about 3 trades a day.  My other accounts will be an additional trade when available.  Can really start watching Nate and others in InvestorsUnderground room.  http://profit.ly/guru/investorsunderground?aff=4078

5/19/14

I think all the markets were up today.  Not the usual having one or two lacking behind and red while the others are green.  I got some funds together to start an account with suretrader.  Will post on how I am liking them once it is set up and I have a trial period.  Excited to get past the PDT rule through them.  Been stalling out on other account trying to reach it.  Will be able to utilize investorsunderground more with this capability.

Bought PAL-idea from a pedone pick.  Bought in last hour of trading.  Saw some bigger volume bars coming in and think this has potential to get a little spike tomorrow.  Not looking for big win, but should get a little run tomorrow.  Chart put in what looks like a bottom.

Short QTWW-little fade right at close.  Hoping that is reason for people to sell at open.  Will cover quickly tomorrow morning as I hear people really liking this stock.  Just need a quick drop to have a profit.  Will be quick on trigger.

Wanted to short NVGS but forgot.  Another lockup expiration play.  Didn't hear anything about this one, but it is also freeing up a large number of shares.  Thought about trying to get in afterhours but I would rather simply miss this opportunity than chase from here.

5/16/14

Had a great start to the morning.  Woke up to some good gains.  Also some follow through with SUMR.  After that did not do much.  Trying to prepare for the high school playoff game tomorrow night.  So going over game film and what not, and not paying close attention to the market.  Did see they ended up on the day.  Just have to hope for some follow through into next week.  Russel still damn close to correction levels, so will not be holding my breath.  

After hours yesterday I got a short off on JCP.  Great entry around 10.50 and covered in premarket around 9.75.  Nice quick gain in the premarket and afterhours land.  Could have held it all day for little more gain, but got meat of the move and happy with it.  Was afraid it could spike.

Sold SUMR- had a little follow through from yesterday and actually spiked more after I sold.  This has had a nice run after reporting good earnings.

Covered ZU finally.  Had chance at profit on day lockup expired and only took half.  Been staying high ever since and not moving way I want.  Gets a fade in morning then ramps back up in afternoon.  Didn't mean to cover exactly like I did...was trying to set up a stop.  Turned out I got covered at a great place though.  Only couple pennies off of the day low.  Slight loss on this trade when all is said and done.  Glad to be out and not worrying about being bought in.

Finally getting some  paperwork together to open a suretrader account.

5/15/14

Bad day for me...bad day for the markets.  Blood everywhere.  Did not follow rules and had chance to minimize losses.  Wanted to be right and did not get out with a scratch.  Let it become a gash.

Sold WWE- sold for a loss early in day.  Did not think it was coming back.  This one I did keep loss small and it came back later in day when rumors of deal came back.  Damn

Tried to short AXAS.  Got in at low, then it had one hell of a pop on me.  I moved my stop higher not once but twice.  I screwed it up big time and have to pay for it.  Sucks to suck.  Also should have averaged in to the position instead of going in guns blazing.  Need to remember to do that on lower priced stocks.

Mad about not following rules and loosing money.  I should not have moved my stop.  It would have save me a lot of money.  Need to keep emotions in check.  Glad I had mindset to short in market activity, but bad timing.  Would have been great timing if I bought.  Need to learn from these mistakes and only take loses once from these.

5/14/14

Markets red again.  Small caps shot down again.  Not much in that bounce it seems.  Found myself wanting to get long too much.  Need to focus more on what works, shorting extended charts.  Especially with pops.  But I also did get squeezed pretty big on ZU.  So here we go:

covered half of ZU.  Got a decent cover in mid 30s but then let it ride.  CLosed the day around 35, which is way off my buy.  Glad I only have a small position, and trying to be patient with the small remainder of shares borrowed.  May be at risk of getting bought in over next few days but I don't think this spike will last.  Started the day down like 6% and closed up around 8%.  Big spread, hoping it fades and slowly goes back down.  That way it won't get much attention.

Sold part of WATT.  They announced earnings today and had their conference call.  Listened to call but not very much there.  They are still very early in the process of making money.  They did announce that they have a few MOU's signed which is big but not much else.  They are very small number wise and don't think it will get anything huge for a little.  Mass opportunity still there, but announcements may be months away.  Hoping they PR some patents they spoke of.  Trying to get out when I can.

Bought WWE.  Rumors of them having a new TV deal, spiked the stock during power hour.  Insane volume compared to rest of day.  Trying to sell at open tomorrow.  Expect this to spike quickly then drop.  Just want to get tagged out during that spike.

News on WWE brought to my attention, and before anywhere else curtesy of investors underground room.  Join!
http://profit.ly/guru/investorsunderground?aff=4078

5/13/14

Little follow through on the bounce today.  Superman seems to think it is time to be bullish again.  he was making moves, I was not making many.  Was too late on an idea for a gapper.  So only real action was a short for tomorrow.

Sold ISIS.  Sold very early, got scared out when opened in emotional panic.  Need to learn to wait for an actual direction, not just people orders being filled from overnight.  Could have held for bigger gain, but had large position and sold for very small profit.  Basically breakeven, but better than a loss since I got scared out.

Opened up a short of ZU.  Big lockup ends tomorrow and think lot of insiders will look to lock in some gains.  Playing it cause I missed on TWTR and would have been right for about $3/share.  Lets see how this goes.  Hope it doesn't squeeze.

5/12/14

BOING!  Nice bounce from the markets today.  Led by none other than the russel and small caps!  Good news regarding these stocks finally.  Russel had a 2% or so pop and nasdaq was also up big on the day.  Hope there is some follow through here.  Correction may not be here after all.  Not to much activity from me today because I spent a chunk of the day cleaning the house.  Some things more important than the market.  Also got to love the flexibility of trading.

Sold IDN.  Emotion panic at starting minutes, did not sell premarket.  Would have been a good choice had I put a order in over the weekend.  Sold in 2 chunks because intial plan this morning was to cover half and see where it goes from there.  Both sales were at about same price.  Nice little gain with limited risk over weekend.  No articles came out on app, which could have really spiked it and make me one happy camper.

Bought ISIS.  Was on intraday breakout and hoping it would get a good spike.  Did not really get that action, did not sell at close of market but have a close sell order for after market hours/premarket.  I saw I got partial fill.  Feel good about getting the rest of it filled.  At least for now, risk is limited from that after market fill.  Will be considered a day trade because of the after hours fill.  That was the plan for this trade so no big deal there.  Lets keep on winning.

Getting closer to opening an account with suretrader, just due to ability to get around PDT rule.  Also feel a lot better about my trading, having a better mindset about my risk tolerance in each trade.  I am scalping more than before, but all within my tolerance.

http://profit.ly/guru/investorsunderground?aff=4078

5/9/14

I think all the indexes ended in the green.  The chop still continues.  Russel (small caps) is on the brink of correction levels.  This helps explain why the markets seems to be red everywhere.  Straight murder scene for most positions.  Got some action in with suretrader demo and had some good success as well. Been using a similar size to what I plan on putting into a new account and ended up around 5% on total account had today been real.  Played a few extra moves than I would if real, but would have ended positively had it been real.

Covered my short of EKSO.  Conference call I was on did not move the stock at all.  They focused on who they were, maybe to take attention away from stock performance?  Anyways, slow fade on the price at the open.  Got my cover in as I was worried it would pick up.  Could move fast because not much volume traded.  Good gain.

Bought some IDN right at the close.  Chased a little, but was watching this, waiting for it to break out.  Little late when it finally did, was not getting filled.  I do not get very good fills on AMEX stocks.  in at .75, and has potential to gap.  Just looking for a continued breakout at the open on Monday.

Enjoy the weekend and happy mother's day Mom.

http://profit.ly/guru/investorsunderground?aff=4078

5/8/14

Starting to feel more comfortable with larger position size and predefined risk.  Thanks Nate for your DVD.  This has been best take away so far.  But only watched it once so far.  That being said, I am now thinking about opening a new account to get around the pattern day trade rule.  If I do so, it will be at suretrader.  They don't have PDT rule and have good borrows to short.  I am little worried with it being offshore however.  Also not a huge fan of their fees for routes.  Feel like this is built in everywhere else.  They also charge 100 bucks to withdraw money.  But this could be a small fee to pay to get around the PDT and increase my earning potential.  Will continue on this week using their demo and make decision next week what I want to do.  Since I am stopping swings for the most part and trying to end the day in cash (limited risk) this could be nice option.  Also only get 1 trade every other day with my current set up.  Could be 4 maybe, if I use my optionhouse account once a week.  But I have swing positions in there right now.

Sold ATSG-  Got a very small run to continue its strong finish yesterday.  I sold into this and it seemed to be crawling and next to no volume.  Happy I got out with a profit.

Sold JASO- Was holding onto this for a while.  Rumor of Tesla did not come through.  IR firm told me and I was slow to believe.  They reported good earnings but stock did not react positively to it.  Maybe brought down because tesla was also going down today.  No news on their partnership from either.  Will revisit if announcement comes.

Shorted EKSO- announced a dilution yesterday afterhours and had earnings today.  Earnings was a loss of like 1.30 per share.  Had a decent gain today, but knew I had to hold overnight.  Should have shorted later in day but got in early thinking people would want out of their shares.  Unfortunitely have to wait to see how people react to their earnings.  New company so may only be interested in forward looking statements.

5/7/14

Market still bleeding everywhere.  Indexes didn't get hit too hard today but it is being supported heavily by big companies.  They have been holding up the fort.  People fleeing the small caps and putting that money into large caps.  How long will they stay proped?  Markets look better on paper than they feel is main point.  This trend continues as market indecisive on direction.  Will try to keep my recaps short, so you can quickly view my activity.

OH account.
Bought SEV- got smacked down due to earnings, which were good.  Future looks bright for them and I got in pretty cheap.  Old support looks to have held.  Low float stock but I'm looking for a quick 10%+ win.

IB account.
Sold ENSV-sold at open.  Got a little spike right after I sold, but oh well.  Only gained a few pennies, so didn't gap but had early run.  Didn't use a day trade, which is main idea behind these gapper ideas.  Should have gone with Nate's idea in chat.  That one ran more and was in play today.

Daytrade on P-  (short) was underwater for a little, but put stop at good location.  Something I learned from Nate's DVD.  Ended up getting stopped out, when I moved it to make sure I had a profit.  Little later it hit my price target.  Had I held would have been bigger win.  Not something I should worry about.  Better to worry about recognizing pattern and trends.

Bought ATSG - was an earnings winner and had a little run today.  Tim alerted this in the afternoon, but also sold his position.  I bought right at close and hoping for a premarket gap.  Will try to put a sell order in before after hours is over and hope for pre market hit.  And if not will be watching opening 10 minutes for a move.

Have been really impressed with investorsunderground so far.  Nate's DVD has some good information in it and has made me go about my risk a different way.  One I think I can be more disciplined in.  He is also available during the day and responds to all my questions.  Helped give me some guidance and another thing to look at during my P trade.  Let me know if your interested in his chat, as I am an affiliate and get a small % of membership fee.  http://profit.ly/guru/investorsunderground?aff=4078

5/6/14

Another down day for the market and another bad day for my trading.  Got bit trying to hold the pump overnight and was reluctant to sell.  Seems to be my downfall over and over again.  I let my losses run and been quick on taking profits.  So easy to say this should be opposite but so hard to actually do.  Did not use a day trade which is good, am ready to use it tomorrow and will look to investors underground for ideas.  Markets still whipsawing.  Seems everything is down, yet the markets are up.  Prolly feels this way because of the small cap market I am looking at.  This is also the slow season, so I've been told anyway, and need to be conservative on trades.  Will not make mistake of buying pump and letting it get out of hand again.  Hard stops needs to be put in place or I will ignore them.  Plan is to set them a few cents below initial mental stop.  So it will trigger if I do not take the loss, and gives me the chance to start following the mental losses.  Need to implement what I learned from Nate's DVD about risk levels and where to put stops.  This will greatly help me not loosing my shirt anymore in trades.  May be most valuable lesson I learn from his DVD.  His DVD also helped with knowing how much money to put in play.

JASO-small pop in morning and I sold most of my position.  Limiting my risk right now.  They have a conference call early in the morning about quarterly earnings.  They may be alright but I do not think guildance will involve anything with Tesla.  The whole reason I bought initially.  Has been slowly grinding up day by day but nothing exciting here.

sold PME-got a nice spike today and looked strong.  All memories of big seller are gone and it upticked nicely.  I sold way too early, but wanted out to limit my risk from market movements.  Could have doubled my gains, but out with a gain.  On to the next.

PGFY-stock in freefall at open and I kept waiting and waiting.  Finally saw enough warnings on twitter to convince me to sell and end the pain.  Bad bad bad loss for me.  I could have really been screwed if I used a big position.  I knew where the support was supposed to be (thanks Nate), but refused to sell once it cracked.  I think I got a false sense of security when Tim and Nate both covered their short position.  But stock kept falling.  A hard stop would have saved my ass.  I would have been mad when it went off(cause I would have lost) but then realized how much it saved me.  Really need to end these dumb mistakes.  It is ok to be wrong.  it is ok to be wrong.  It is ok to be wrong.

http://profit.ly/guru?aff=4078http://profit.ly/plans?aff=4078 

5/5/14

Would have to check how market indexes did today.  Was too concerned monitoring my positions and making a dumb mistake.  What was supposed to be the next big pump was released last night and in play today.  This is PGFY.  I bought in late to this twice.  First time was at a much better price.  Got a decent gain then started to turn against me.  This is when I got stopped out.  Not much later stock paced my original target.  Sucks to have played bad, but good I had a profit.  Then later in day I bought again and am still holding some overnight.  This is bad bad bad as it has been crashing into close.  Also got shorts in it like Tim.  Never good to be on the other side of a trade as him.  His record/stats speak for themselves.  Have to hope this is part of the 25% he is wrong.  This was supposed to be a huge pump.  6.5M should go further than one day.  I am not good at playing pumps (this is one of the few I've attempted) but hoping they can run it back up for me.  Will look to sell fast if turns profitable.  Definitely can not trust a manipulated stock like this.  Promoters try to run over people like me, inexperienced traders.  I did not sell but the big block seller in PME has now been taken out.  Stock is now right about where I bought and more or less even.  I do think this still has potential to run up a little.  I see new buying building up and there is a big block right at 3.00.
Still need to sell my positions in PME as mentioned earlier and WATT.  WATT likes to dip middle of day and come back in afternoon.  Hoping for a quick pop to hit my target and I will be out.  Just waiting on that quiet period to end.  They announced a new board member today, which did not really effect price.  Also still holding onto JASO, which is not looking good for me.  My wins have been small and conservative, while my losses like this are large and spin out of control.  JASO also has a conference call on Wednesday, thinking I will close out before that.  Obviously need to be on the line if still have a position.  Will look to trim down a little tomorrow.

day trade PGFY-in and out relatively quick.  Price started to turn against me and hit my stop.  Small profit.

Covered SPWR in premarket, my buy order hit.  Good to wake up to profits.  Could have been more aggressive as it panicked at open buy happy to not have to worry about it.

Still need to look for more short setups.  Very high win % on shorts so far.

5/2/14

Decent day for me in the market.  Covered a little and bought some more.  Market had a crazy drop in it today.  I think it was in the neighborhood of 50 pts in the nasdaq.  It looked ugly on the chart.  Glad it recovered and my stocks did as well.  The crazy movement for me today was with WATT.  I had a small position in this in my optionhouse account and it was running wild yesterday in anticipation of a seeking alpha article.  That came out today but everybody was waiting for it and it was already priced in.  So it tanked at open and continued to for most of the day.  I also opened a position in my IB account.  I thought it had found a bottom when I bought, but I was wrong it continued to tank for a few hours.  I think it had a lot of shorts and a little squeeze at the end of the day.  Got me to the green for the day on the position but I did not sell.  This was definitely the stress creator for the day.  Thought I was doomed and forced to hold until the quiet period ended for them next week.  And hope for an announcement with a potential partner.  Did not happen and think it can continue up a little tomorrow.  I got a second life here so will most likely try to sell most quick.  May decide to keep a small position for end of quiet period.  This will depend on what price I can get out it.  Onto the recap

OH account
Sold WATT-sold right at open to lock it in.  I feared it would tank like it did, I didn't expect it to get as low it went though.

IB
Covered GLUU-very small gain on this but it is a profit.  Heard there was some newsletter buying in this near close today.  So happy to be out and not waiting for a drop.  Could be back in play on monday now.

Bought WATT.  This is when I thought a bottom was in place.  I was way off, dropped a good amount when stop losses went off.  Had little end of day run, that looks to continue next week.

Shorted SPWR.  Had a seeking alpha article out today that didn't move it much.  Was about its long term potential.  Hasn't moved much from where I shorted.  Will most likely get out on monday for small gain or loss.  Not moving enough for me to be interested in it right now.  Held to avoid a day trade going into next week.  Decision to not use a day trade breaks my new rule to not worry about that.

Looking forward to next week in the IU room for some ideas.  Also trying to catch most of Nate's dvd this weekend.

5/1/14

May day May day.  Was not monitoring the markets as much I typically do.  Spent most of the day catching up on some video and looking at lax stuff.  Markets mostly unchanged in general.  Some selling action from me early then the time off.  Have some other videos to watch next few days as well so will prolly be limited monitoring and worrying about indexes.  JASO had a big run up followed by equally big breakdown.  I think ended up a few cents but was over 50 cents up on the day at its high.  Still very much underwater in that position.  No real way to get out either.

Sold HERO.  Got a small move in morning, and took it for a small profit.  This is the one I realized I shouldn't be in.  Not the kind of move I am comfortable trying to predict.  So good move getting out in this early spike.

Sold MDCN.  This is an old position that I finally cut ties with.  Have been underwater for a long time and finally getting it out of my portfolio.  Bad loss and need to learn from this.  Was afraid to use a day trade and end result is big loss of money.  Now will have to not be afraid of using a day trade.  I need to protect myself and if that means I can't buy anything the next day then so be it.  Need to think in longer term.  A day or two of not trading does not hurt, but lossing positions do.

Shorted GLUU.  The support was cracking near the end of the day and it as looking weak.  It is up a little after hours, which is not a good sign for me.  Closed below my entry but not by much.  Had a good run today and thinking it was done.  Hopefully more people locking in gains tomorrow.  Will look to get out fast in the morning.

Started investors underground chat today and also got the DVD.  Was part of a sale and they are about to increase prices, so I decided to get in now.  Time will tell if I continue with their service.  Have not watched dvd yet.

4/30/14

Nearly all the action for me today was right at the open.  Some of it good, some of it bad.  All of it could have been better.  Got a crazy morning panic, the worse I have seen and it hit my stop loss.  Not happy with this.  Could have saved 50 cent if stop loss did not trigger.  Which would have cut my loss in half.  Pissed about that.  But other parts were good.  Like BIOF continued to go down lower at open, which was good being short.  Market overall felt like whiplash again.  Spikes up and down related to earnings and also FOMC today.  They continued to taper QE which is what I figured and the market whipsawed on this news.  Also our GDP number for 1st quarter was released today.  This came in way under estimates.  Nearly all estimates were over 1% and it came in under .1%.  Big difference!  Conflicting news everywhere i guess is why the market reacted the way it did.  Also forgot to mention Dow finished at all time highs today.  It had been close for a while but unable to do so and was looking like a double top.  Glad it pushed through and hoping that means everything can start jamming again.  Lots of people look to Dow and now we got the new highs.  Now throw in your money.

Covered BIOF as I mentioned earlier.  Had a quick spike lower and I sold as part of that.  Glad holding overnight to avoid a day trade helped me.  Just under $1/share gain.

sold FDMF-news about them joining marajuana industry came out.  But stock hardly reacted to it.  I'm glad I was not greedy and had sell limits low.  They both hit and I am richer for it.  This came right after I got an email from the CEO saying yes the rumor was real.  Maybe he waited to tell me until the PR hit.  Stock only at my sell level for a few minutes.  Was lucky to get executed at those prices.  This closed at .07 today and I got out at .12 for half.

Sold VTNR.  This is where I got stopped out at.  I'm pissed about this one, I thought about selling premarket for a small gain.  Oh course I got greedy and let it ride.  Saw the panic and thought it would pass.  Did not even think about my stop loss.  Sold almost at the exact day low.  This is why stop losses can be bad and I need to get firm with mental stop losses.

Bought HERO.  This had volume pouring in near the close and I got in on the action.  Stock brought to my attention by Pedone.  He was tweeting about it and also posted the chart on facebook.  Says he thinks it bottomed here.  I hope so and have a tight leash on it.  Really don't know how high it could go but hoping it tests 50 dma.  That is 20 cents away and think it could jump if it overtakes this.  Not one of my usual set ups and stink at finding these so have to have real tight leash.  Not good at reading what is still acceptable.  Will not play a chart like this again, rushed into it.

4/29/14

Market was turnt up for me today.  Much better than the last few.  Glad to say that streak is over.  Main reason was a good short after a seeking alpha article came out.  Was a really bearish article and got in on the action.  Took a little for it to pick up momentum, but when this thing moved it moved fast.  Little bit of short covering 20 min to close, but ended where I wanted.  Nice gainer for me since I shorted it.  Feels like the first time in a while I was on the right side of one of these moves.  Did not sell the other positions I was looking to.  They didn't move much, and pretty much any movement was in my favor so left it alone.  Still monitoring and tomorrow should be crazy with recent market moves and FMOC.  Will cover my short, but will probably end up letting my longs go on.  First to cover will be HPJ, this hardly moved today, uncharacteristic of it.

WTER - used a daytrade on this.  Thing got absolutely smoked early on and I bought after it had bottomed.  Got out for a little gain, it started to spike 30 min after I got out.  Could have been 30% winner.  Sold for about 10, and happy with gain.

BIOF- this is the short I talked about up top.  Seeking alpha hit piece took it down.  Looks to continue and am hoping for a morning panic.  Plan to cover tomorrow and sometime before Yellen's talk.  Not sure how market will act so will lock in gains there.  Got in around 8.10 and closed around 7.40.  Good start and hopefully continues tomorrow.

VTNR- breakout play that Tim alerted.  He also covered some of his position right as I entered last few minutes of market.  Figures I would time my buy for him, oh well.  Didn't look like too many people followed on the covering.  Hoping for gap up, and small gain.  Will monitor closely tomorrow at open, maybe even sell if up in premarket.  Will try to put limit order in tonight and hope it hits tomorrow morning.

Will spend tomorrow morning watching VTNR, BIOF, and HPJ closely.  Then trying to monitor my other positions.  Finally have a chance for 2 consecutive up days in overall market.  Lets see what Yellen has to say.

4/28/14

Got destroyed in the market today.  Started out good then got smoked, and market ended up about even for the day.  I on the other hand did not end up even.  Limited action from me, mainly just watching my account shrink in a sea of red.  Since market did bounce maybe tomorrow will be better.  Must have only been big names bouncing because my small caps were smoked.  Fed meeting tomorrow and that will send market in one direction or the other.  Don't expect any changes from them as far as easing goes, but I don't know what that means for the markets.  Just know it will effect them overall.  Picked up another one of Superman's plays for relatively cheap.  Time will tell if it was cheap or not as always.    I should be in way more cash than I currently am and not as effected by these swings nearly every day.


Bought PME right around 3.  This is the superman pick mentioned before.  This baby had the bottom drop out right after I bought.  Would have taken out my stop loss if I didn't move it lower.  Broke the rules, but superman's swings take time to play out and market was getting destroyed.  I have faith in his picks pulling through.

Sold WTSL for a loss.  Seemed like all retail was down and hit my stop loss.  Failed pedone pick, did not get the breakout I was looking for and he wrote was set up.  Stop loss did save me from another 5 cents of downside.  Decent percent considering I bought at 1.25.

Hoping for a massively green day tomorrow to trim down on positions for future market swings and make up some lost ground today.

4/25/14

Markets hit hard today and small caps were ugly.  Same thing as chop before some people thinking market crash is coming others just uncertainty with Russia and Ukraine.   Tension heating up again, but I don't think much will come from it.  Too many other world powers to stop Russia.  US and Europe will prevent anything from happening even if it only seems like threats to do something.  I got temped more than I should have today and made a few purchases.

Now long HPJ-this was a stink bid that I didn't expect to have filled.  Stock was crushed with overall market, so I think it will recover fast.  Also only got part of my order filled.  So small position and I don't see much down side.

Long WTSL.  Was trying to get in at 1.24 but again only partial fill and was not moving much.  Right at end of day rest of my order (after I downsized it due to overall market) filled at 1.25.  This is right at the level of a breakout and pedone has been tweeting about it so should be on people's radars.  Was part of one of his articles so also radar'd then.  If market can bounce on monday, will be a good play.  resistance about 10 cents above then big path to next resistance.

Still no confirmation on JASO, and this was down pretty good size today.  Market bounce will help this out and help me out a bunch.  Unfortunately that will probably mean it does the opposite.  Markets tends to cause the most damage to as many people as possible.  Sucks donut.

4/24/14

Indexes ended up alright, but small cap space was weak today.  Limited action from me as anticipated.  Just playing out my current positions for now.  Limited trades right now.  Took a larger than usual position on an overnight play.  Down a little at close, hopefully tomorrow plays out better.  Here is the recap.

OH account:
Funds all settled and opened a new swing trade.  Got a position in WATT. This is the best technology I've heard coming out in a while.  I think it will take off once readily available.  Works like wireless internet, but charges batteries like your phone.  Do not need to plug in your phone at home, just have to put it close enough to the router like device.  Rumor is 15 ft right now and working on 30 ft radius.  Big market, big opportunity.  Quiet period ends in about 2 weeks.  Hoping I caught the low.

IB account
Sold NEON for a loss.  Did not get the action I wanted and forced to sell for a loss.  Looking back should have sold earlier when first doubted stock.  Need to learn that lesson.  Hard with limited trades.

Bought JASO.  Bought near its highs of the day aka bad entry point.  But rumor is they have a deal with Tesla for charging stations and Tesla has said they are going to spend millions (I think hundreds) on charging stations.  Some foreign magazine reported the deal is real, but hoping for better confirmation.  Would like stock to shoot up if/once announced by JASO or TSLA but willing to hold if it needs to climb gradually as people realize importance of contract.  Right now willing to hold for about 2 weeks for a swing.

JASO got one fill above closing price last I looked.   Hopefully that is a good indicator for what is coming tomorrow.  Tomorrow like today will be mainly just monitoring positions.  And maybe a late play.  Could change if one of open positions spikes positively for me.  Plan is a buy in last half hour of day tomorrow for an overnight gap/morning spike.

4/23/14

Overtraded on a rough day for the market.  An adjustment I may have to make will be to be heavier on shorting when market red and heavier on long when market strong.  So market was obviously down today, and was not my friend.  Got stopped out a bunch (felt like) and left last buy open when probably should have sold for small loss.  Need to do a better job of checking out a stock before buying it.  Been rushing into positions and not knowing a thing about the company besides its ticker.  So need to slow down and not over trade.  Will cause me more pain if I continue that way.

PRMW-did not get the spike I was looking for and sold for loss.  Was red all day, glad I sold but maybe could have sold sooner.

BIOF-was a breakout play that I entered in too late.  It broke the level I was using for support and sold. Good that I followed that rule, but bad for the p&l.  Bought too late in morning, slow grind lower from where I bought.  Did recover little below where I sold.

DEJ-sold this underwater position.  Was thinking this might hurt me as I try to grow account over PDT, so sold.  Could have held longer.  Sold on what I thought was a morning spike, like it did yesterday.  But today it continued up.  Article also out about conference call, saying it was positive guidance.

bought FDMF-this was mentioned on wolf's twitter.  It looked like it was ready to ramp up when I bought in.  No such luck and am underwater here.  Have a ton of shares because it is so cheap.  One of the worries I have with subpenny stocks.  Thinking may get pumped some in next few days so will hold.  wolfpack buying and/or a PR on a marijuana shell they set up.  That would give it a good spike at the price its at.

Bought NEON-was on supers watch list and had a good breakout chart.  Bought right when it took out a wall of sellers, so initially liked entry but didn't go far.  And also had a weak closing.  Doubt any gap of any sort, maybe will continue upward trend.  Maybe will follow modern rocks 3 day rule.  This is day 2 so will look for exit tomorrow if it gets positive.  Another option is to watch the chart and sell when it hits 4 ema so its like a chart play super does.  Hoping for a continued upward trend and sell some point tomorrow.

Facebook reported earnings after hours today and beat them again.  Should be good for the market as they have been on a spending spree and a leader of all technology stocks.  Should not hurt the potential of NEON.  They also have a target around 12, and is under 6 right now.  AAPL also beat their earnings, and I thought they would come up short.  Good thing I didn't gamble.  Looking to take it easy tomorrow compared to today.  Also biggest earning day, number of companies wise after hours.

4/22/14

Good day today.  Sold off some positions as the market was charging higher almost all day and my targets got hit.  Good to see the momentum continue today.  Did take a day trade and also opened up an overnight position.  Just average close on that so probably won't shoot up like I initially hoped.  I do have a pretty tight stop on it so hopefully acts like I want.

Closed GOGO.  The momentum here was good at the start and had a nice run.  I sold close to the highs and got a good chunk of this move.  Now am glad I added to position and got a better gain dollar wise from it.

Day trade APP.  This was a pedone pick that shot up afterhours and premarket today.  Got in later than I wanted but was able to flip for a decent gain.  This was a breakout into a gap fill.  Didn't know how high it could go and it may go higher tomorrow.  But happy with my gain, especially because it dipped little after I bought.  Could have gotten in cheaper and had bigger win but can't worry about that.  Was a winning trade and thats all I care about.

Closed VRNS.  This had one heck of a breakout day and I sold for 2$ a share gain.  It continued upward after I sold, so it could have been an even bigger win, but again simply happy with the win.  Had a analyst upgrade and price target of 31.  I sold little over 30, so if they are right was good choice.

Closed OCLR.  This was a day trade that got extended out.  Was going in right direction then fell off steeply.  A big seller shot it down and hit my stop loss.  So all said and done was negligible gain after commission.  Like 5 dollars.  

opened PRMW.  Had a pop couple minutes before the close, but closed about at my purchase price.  Hoping for a morning spike and/or breakout continuation.  Stop will be close to breakeven, which is the close price today.  Continuing with small positions until I feel more confident again.  Been on a long losing streak and just dipping toe in water again.  

These closing of positions also lets me be in cash and will not be hurt much if market comes down tomorrow.  Which is very possible as it started to fade at the end of the day.  Hoping for a morning spike on one open position that I have not cut yet and it needs cutting.  Will look to sell tomorrow.  Also think those last funds settle tomorrow and puts me damn close to PDT freedom.

4/21/14

Good day for the markets.  All were positive and that makes about 5 days on a row.  Hoping this is back to the early days of the year.  Not sure if this was just a continueation of last week, because other world markets were closed today.  I think mainly europe.  Either way was good day.  Few new moves made for the day and also had some money settle.  Thinking momentum will continue for a little.  Netflix reported earnings today and they were good.  This is a big momentum name and these stocks tend to move together.  Getting close to PDT exemption.  Will have to make some good trades from here to make that happen though.

OH account
Finally closed out of a really old position in INOD.  Have been trying to sell this for a long time.  At start of month when I wanted to start with a clean slate.  Finally off the books and need to wait for this to settle before anything new for this account.

IB account
Got an end of day spike for MONA and sold while I had the chance.  This was a wolf pick and sold it for a quick gain.  Was looking like I may be holding for a while.  as price action was not good until near the close.  Glad I was monitoring this and got out easy.  That is my main worry on OTC stocks like this.

Added more to my position in GOGO.  Tried averaging up, and we will see how that works.  Averaged up right before power hour and it closed below my buy price.  I may have to work on my entry points when adding as my last attempt to add to a winning trade did not work.  Still bagholding that.  This is a momentum stock so neflix earnings may give it a boost.

Bought OCLR, is on a multiday breakout and I hope I didn't get in too late.  Have a tight stop so won't lose much and stock is a slow mover.  Looking at .15/day gain so far.  Around 5% which actually isn't bad at all.

That was the moves today, another day of not using a day trade.  Although OCLR was bought with intention it would be day trade.  Will keep eye out for potential day trades tomorrow.  Trying to stay away from NFLX but open to YOD if it gets any attention.

4/17/14

Markets were good again today and actually felt good.  Previous days seemed like so much was still down didn't matter overall market was up.  Today felt like things picking back up and correction may to over for now.  But it is a long weekend so don't know how everyone will react next week.  Rumor was it would be light volume this week because it is short and back to panic time next week.  Hope not as I am exposed.  Big IPO that took off for a little and then faded pretty good as well.  If it can shoot up again may help my IPO play from a week ago, KANG.

Sold my KEG position for a loss.  Lost about 20 bucks and done holding this.

Didn't sell DEJ when I had the chance.  Listened to an update call they put on and it was not good overall.  Had a pop at the start of the call but that was it.  Mentioned new well and its production (oil) but they have limited cash.  Made it seem like a financing deal will be coming.  Don't know when but I think it will be coming.  Hoping an article detailing well production comes out as it is a big one, especially with prices right now.  So underwater here and should have already gotten out.

Bought GOGO.  They got upgraded by analyst and got a jump in price.  I did not have a good entry, was trying to wait for it to hit new highs on the day to trade but didn't.  I also planned it on being a day trade, but now holding it overnight.  Have confidence it long term so okay with holding for now.  Hoping for a pop on monday (strong close today) to sell into.  Looking at around 18.30 for selling point.

Also bought MONA.  Wolf pick and this time I think am in earlier.  Didn't research but I believe they are on the verge of a reverse split.  I've seen this spike the price after the reverse split so we shall see.  I bought high on this one too, and am scared now because it was up over 100% today.  Should not have bought so high but I believe in the power of the wolfpack and I will be selling before most of them do.  Good part of them not believeing in selling for a loss.

Markets closed for Good Friday so nothing new tomorrow.  Will get through some video lessons with free day and maybe start a new dvd.

4/16/14

Better day for the market.  Not much movement $ wise for me.  Day after tax day bounce, as well as words from Yellen about the economy.  Made it clear nothing is changing in foreseeable future.  Unemployment numbers is the main concern and that needs to be fixed before rates will go up.  Did not have an available day trade due to the stop loss being activated as a short position.  My holdings ended green and has been first 3 day streak of the market being green in a while.  Hoping tomorrow is a big day for the market and will try to sell off a position or two.

Bought DEJ-in oil and gas field.  Which has been hot.  Small position and hoping for gap and morning spike.  Had a spike this morning and will try to sell at similar levels it reached today.  Right now not looking to hold over long weekend.  If low volume and stagnat all day will consider holding over weekend.

KEG-position I am worried about right now.  Closed red for day and struggled middle of day.  Hoping it hits $10 tomorrow and will sell for small gain.  Not gonna get hurt by this stock as my position is small and price change so far still small.  If current stop loss hits I lose like 35 bucks including commissions.

Thinking I need to finally pony up the rest of the money to hit 25K and be able to trade more freely.  Will make decision tomorrow most likely.  With the funds to be settled am close to being at the mark.  Then with some success would buy textbook trading dvd and get access to nate's chat for a month.

4/15/14

Whiplash kind of a day.  Started with run up then long run down.  Ended with a strong close up close to highs again.  I think I heard biggest intraday recovery in last since 2008.  Crazy market action but not much action for me.  Don't have much to write so I'll get to it.  But would like to promote traderfeed.blogspot.com, guy puts up a lot of helpful information for free on there.  He has written a couple books and seems to have a good view on helping the mindset for traders.

Trimmed down my position size in MDCN again.  Not as scared about it hurting me more as pot sector is bouncing now (along with market) and I've realized my losses for the most part.  Bad decision to hold onto this one.  Can get lucky if bounces huge and I mean huge to erase losses.

Tried a breakout play to hold overnight.  Got a small position in KEG.  I like the ticker and admittingly do not know what they do.  This is simply a chart breakout play.  Thinking it could run over the next few days and continue into more 52 week highs.  Not a large position as I don't know the upside potential.  Will get out for small loss if weak opening tomorrow.  Down a penny from my buy right now which is nothing on a $10 stock.

Tomorrow may open up a day trade for me and could be a good one if I'm patient and markets continue higher.  But market has been a seesaw so not holding my breath.  Saw there were some pot pennies running and may try my hand at one.

4/14/14

More craziness from the markets today.  Had gap up in indexes through weekend and then crapped out.  Most of the day slightly higher than previous close, then we went red.  Last half hour or so had a rampage.  Could just be a short squeeze yet again.  Doesn't seem like a direction will be chosen til next week.  Some say they are impressed it held key support levels and others say it is failing to make new highs.  Short week for the market as it is closed friday.  Good to know going into rest of week.  Also the start of earnings which will guild the market.

OH account
Took some of the settled money out to transfer to IB account and get closer to breaking 25k restrictions.
Also bought KANG-recent IPO that is heavily involved in healthcare in China.  Came public in bad week(last week) and is not right at initial offering price.  I think it can jump up again if market starts to rally and then again once its quiet period is over and they can release more activity/info on company's performance.

IB account
Had another mistake with their program and did not know I had an open order to short HPJ.  This was my old stop loss from a position I closed on Friday.  Bad news is that it forced me to use a day trade, because I did not mean to open position and think the outlook is still good for them.  But I did see news on them offering more stock at a price of 5.05 and the price at the time was closer to 5.40.  This is why the price was tanking and continued to all day.  Part was market in general but even more so due to this news.  So I covered after a slight gain on the day, so this did not hurt me monetarily just used a day trade.

Trimmed down my size a little in MDCN.  Pot stock that is not recovering the way I want.  Should have closed this position as soon as it turned against me.  They have some good stuff in place but will take awhile for it to materialize and stock could continue to take a hit in the mean time.

Also bought small amount of VNRS.  This stock has gotten aniliated last week.  Was trading around 50 and I bought around 27.50.  Has a large area to fill to be back on track and am happy waiting for this to happen.  Has good analysts predictions so should just be a waiting game.  This is why I am in small position.  Hoping to sell around 40/share and ideally would be this week.  But doubtful that fast, hope steady swing back up.

Will mainly just be watching tomorrow.  Today's use of a day trade hurts cause I can only do 1 trade this week now (I think-have to check).  Wouldn't feel as important with a full week of trading.  But funds should hit my bank tomorrow and I can start the transfer to IB account.  Monitoring day tomorrow and will be looking for a gap play and/or continued breakout play.  Also hoping to sell off part of HOTR, had an order in today that did not get filled.  Don't want to see my account going down as fast due to this.  Has been a crow for me.

4/11/14

Markets finished at a tipping point.  Next week will be volatile again.  Can not afford to get into more swing positions.  Need to get in, get out and on with the week.  Think it will test the low of the year on nasdaq and russell.  Today started off green then hit a wall and looked weak to close.  Ending just below the 4000 mark.

HPJ-this was the only action today.  Opened it yesterday hoping for a gap.  Didn't get the gap but since I liked the stock held off selling at the bell.  Did not gap down either so was safe play.  Then started climbing little and pulled back.  Once it reached earlier morning high I sold for small profit.  Good little play and win in these rough waters that is the overall market.

Money did not settle yet in OH account so still waiting, some should settle monday and more tuesday.  So will look to make moves next week and hopefully have access to those funds 2 weeks form now.  Which will hopefully also be PDT clearance.

4/10/14

The markets did a do a switch-a-roo from the previous months.  Good reaction initially then drop today.  Markets lost all of the gains from the last 2 days.  Nasdaq really got hit and lost about 3%.  Will have to be careful with my positions and limit the number of open plays I have.  I am also trying to teach myself how to average up.  Have tried averaging down and lucked out when I got small gain.  I know that is bad practice and have not done that since.  Also know that averaging up is good.  Get to add shares to your position and average lower than new buying price.  But for now just need to work on good set ups to take overnight and profitable day trades when available.  Could be tough sledding for a little or the market will continue to mess with everyone and have a good bounce tomorrow.  Kinda the later right now.

DCTH- took a day trade on this one.  Got in at a new high and it was stagnant for the next hour or so then started to move.  This came on low volume so didn't know if I should trust it.  Stalled again then finally took off for a second.  I moved my stop loss to just above my buying price.  This got hit when it did a dip-n-rip.  So got out with very small gain.  Better than a loss and if I didn't worry about PDT could have re-bought on way back up.    

HPJ-at close opened a new position long for HPJ.  This got clobbered today and is down around 10%, I think this is a bit much and too fast.  So will look for a quick bounce tomorrow.  Goal is more of a quick play than a big gainer.  But do have faith in this stock if it continues lower.  Trying not to hold for long though, could be tough decision tomorrow on if I sell or invest if continues to drop.  Will read up on company again tonight and make my decision.  Most likely stop the bleeding and sell though.

MDCN go killed today.  A different pot stock got halted and the sector sold off scared.  Wish I could average down right now, but will stick to rule of not averaging down.  Will have to hold for a couple weeks now it seems.  Thought would be a good day for them as they had a PR confirming more indor growing space and distribution for their products.  Hopefully not bag holding too long.  Everything seems to be ok with company and board seems legit.

Waiting for funds to settle in OH account and thinking I will transfer some more to IB.

4/9/14

Minutes from FOMC were released today...and the markets reacted positively to it.  First time in months for the market's reaction to be positive.  Don't know if it is shorts covering or people coming back in.  This was the minutes from last months meeting, the one that sent the market scared.  Limited exposure still seems key until a direction in the market is more clear.

OH account:
Sold HIL.  Very small profit, but profit none the less.  Was having trouble at a few levels climbing higher so I put my order there and HIL finally chewed through the sellers and shot up.  Glad I played it on safe side but could have been better gain.

IB account:
sold most of my position in MDCN and also bought more of it.  New buy is underwater and worried about an afterhour print at 3.80.  Was at 4.15ish at close.  Don't know what to make of this, but I'm worried.

Sold Body-had a panic and I sold as part of it.  Stock is a week or so away from reaching a breakout.  Should have cut earlier.  May play again, with tight leash on it.  Another extended loss that I have been trying to eliminate.

New gap hope play is ONNN.  At a breakout and closed on a whole number.  Hoping this hits scanners and gets a nice spike tomorrow.  Will have a tight stop in place.

Hope markets continue tomorrow.  Last few months on FOMC news markets reacted bad at start then picked up next day.  Hopefully we don't get the ol switcharoo this time since markets responded positively today.

4/8/14

Slow day as BODY struggled today.  Did get another mention by Pedone in a street article but has not moved in my favor.  Wish I would have cut this yesterday when it failed to breakout.  Don't know if I'm just blaiming the PDT rule or if it really is holding me back on how I want to trade.  So right now plan is to not let any more trades extend out like BODY is going to.  Will go for more of the breakout plays I have had success with and close out to lock in profits.  Could be more in the moves but I protect myself in locking in gains, meaning the trade won't end up going against me.  Not sure how many overnight plays I will continue to do.  Prolly play a few but with small position.  Anyhow here was activity today.

OH account
Bought HIL.  Was debating between HIL and BBW for which one to play.  Settles on HIL and it had a good close, been kind of a slow breakout.  Not sure if it will be best to put a stop loss at the close price meaning if it goes red on the day I will be out.  Or hope for a spike and sell it into that.  If it was in IB account I would sell into spike because that is a margin account, not cash.  So I will monitor run up if it gets one and decide based on price action.  If it hits above 6 I will most likely sell for small gain.

IB account
BODY was red and hurts me.  Think it is near low so will hold.  Breaking 1 and I am out for large loss.  If it bumps up to my buying price I will downsize my position and hold that smaller one for regular gain.

IMRS same sort of story.  But I have smaller position and a better placed stop loss.  I am near that stop loss and expect it to hit tomorrow.  This was red in a positive market(for a change).

bought MDCN in power hour hoping for a gap play.  SA article on it and a pot play.  This sector has run a lot before and still hot.  Safest play is to sell on the first spike, which I think will happen.  Good run into close, need to read the SA article though.  Bought on action, not the story.

Tracking my plays in a little more detail now and if one proves to be more profitable, will focus on it and possibly add the remaining money needed to get over PDT rule.  For now will be a spaced out process, market choppy anyways.  Will benefit from limited moves right now.  If I get more consistent with my plays will look at another subscription, this time for Nate.  Seems to be good community and great ideas being thrown around in his rooms.  Will hope to get his DVD and room package.

4/7/14

Little bit better day for me as my number of open positions is fewer than was typical before.  Being mostly cash right now feels good and much safer.  I woke up late today but it didn't hurt me.  I had an order fill premarket which I thought was just a wishful order to cover my short over the weekend.  I covered some other positions but these were for small losses.  These losses were kept small and won't kill my account.

OH account
Sold position in PESI.  My stop loss was hit and ended up down around $30 on this which has been open for about 2  weeks.  Only 1 position open in this account right now.

IB account
bought to cover WATT.  This was the accidental position that I let breath to not use a day trade.  Ended up being a dollar/share win.  Best mistake I could have made.  Low of the day was premarket and about a nickle from my buying price.  Again, lucky but I'll take it.

Sold VTNR for about breakeven.  Was originally going to be a day trade that I got into with super but turned into a swing.  Sold a little early as it ended up spiking a little and could have had profit.  Thats alright, small loss on this.  Under 50 is fine with me.

Used a day trade on RDNT.  Was a breakout play that continued for a little and I played pretty well.  Sold at 3.91 and high was 3.97, hardly any volume up there but it touched it.  Kept moving my stop loss up and got a good gain.  Happy with trade and found this play myself.  Will continue to look for these every other day, would be everyday if no PDT limitations.

Also bought BODY.  Been some noise about hedge funds coming into this company and they are on the verge of a breakout.  I bought during a failed breakout and still holding.  Ended the day even, where it closed on friday.  Volume is up some, hopefully this will continue to pour in.  Also alert from Pedone, so in article on street and his social media posts.

4/4/14

Markets were crazy again today.  Hit some all time highs on DOW and S&P then panic hit.  Hardest hit was the nasdaq, which is bad for me because almost everything I play is nasdaq.  So was another bad day for me.  Mainly due to 1 stock hurting me.  I did sell it at the end, earnings caught me off gaurd and they were bad.  I need to honor stop losses.  I need to start putting them into my platform because I have been ignoring mental stops.  Hopefully this will take some of the emotion out of it.

Closed position on WATT in 2 different transactions.  First was for a gain, second one was when my stop hit.  I forgot to change the quantity on my stop loss so I am actually now short this stock.  I didn't close out my unintentional short because at close it is working in my favor.  Also small value and not worried about losing much from it.  Was not worth using a day trade on.

Sold SCOG.  This is the one mentioned earlier that was killing me.  Its done now.  Time to get disiplined and turn this around.  Stop losses need to be in place.

No other action on other holdings.  Will also start to move towards shorting more instead of always going long.

4/3/14

Low volume on my stocks.  Something I'm not that comfortable with.  It leads to big movements and if against me really pisses me off.  My holdings were moving with the markets and as a result are down.  Not worried about them just yet though.

OH account
Only got a partial fill on INOD.  Have held this stock for too long, it is not performing so its needs to go bye bye.  Still have majority of position.  At this rate will take a green day in the markets for me to get out.
Other holding PESI, closed red on the day, but only by a penny.  So not worried about it just yet, it is also close to breakever and spent majority of the day in the green.  Started day high, may hit my target if it does so again tomorrow.

IB account
Bought VTNR-was a play that super did.  He regreted it after, was supposed to be day trade.  Thought I got in at a good price but didn't work out.  This one followed the market and is underwater right now. Will monitor tomorrow.

Bought IMRS-rich play.  Started to get a little spike then fell back.  Closed green and will try to keep it until it goes red.  May sell before hand if it gets a spike.  Was downtrending and now looks like it put a bottom in.  Most likely will not look for much out of the trade, but do expect a small gain.

Bought WATT-more or less an overnight play.  If it is up big in premarket I may sell when I wake up.  Will see, has a history of spiking and is near breakout levels.  In around 14.75 and breakout would be 15.  Last fill was 14.90 as I type.  Will be selling tomorrow.  Need to get back on track with a win here.

Didn't end up using a day trade, so I have that option open tomorrow as well.  I can look for a play specific to a day trade, not a swing that could get an initial spike.

4/2/14

Pretty uneventful day again.  Seems to be how it will be for a while.  Limited in my action due to PDT rule.  However been moving some funds around and getting closer to account size needed to trade freely.  Nasdaq been down, but S&P has been going up.  Closed at new highs today.

Today's activity:
Sold FORD-held onto this too long for my new strategy.  Let go red and didn't cut.  Had to pay for it today when I sold my shares.  Another loss, as they keep on piling on.

Overnight play today was SGOC.  Had a good close and very positive SA article on it.  Hoping finally get to take advantage of one of these overnight plays.  Been on a losing streak for them as well as normal plays.  Hoped would close over 4 but ended just shy.  Early aftermarket action pushed little above 4 so gap is definite possibility.  Stock also has history of going nutty on earnings.  Spiking over 100%.
Just saw they reported bad earnings afterhours.  This one is gonna hurt, yet another loser. Without PDT regulations could have been out with 50 profit.  Now looking to loose 300+

4/1/14

More housekeeping today and trying to close old positions.  Have 2 left that need to be trimmed that I've been holding onto for a while.  But also cut some more today.  Markets were up again and had a good close, should be good day for markets tomorrow.  Bad news for me is I used a day trade today and will only look for an overnight play tomorrow.  Here was todays action.
OH account-
Bought a new stock.  CBAK-this is a play off of HPJ, which I also traded but not very successfully.  I'll recap that trade later.  CBAK was going to be a day trade as well but had a good closing and I think could gap.  As it is a profitable trade at close.  Will try to exit into a spike tomorrow.

IB account-
exited position in ERBB-was a wolf pick and I think I was too late to party on these.  None have really performed for me so cutting all of them.

Bought HPJ-stock was breaking out and was a previously played stock.  Bought the breakout then moved stop loss up to make sure I did not lose money on trade.  I ended up moving stop loss to far up, meaning not giving the price action enough room and got stopped out for small gain.  Under 20 bucks so few cents per share.  Could have been close to 75 cents per share win if timed properly.

Sold SPLI-had a hard time selling this.  Ended up just doing a market order to get rid of it.  wold pick and late to the party.  Bad loss for me.

Sold ICBU-was a fake wolf pick I guess.  Apparently he only said it looked good, not that he was buying it.  So other followers did not buy and left me with a loss.  Glad to be out, now just have to make up for lost time/money.

Number of positions open has been getting lower and still plan to do more day trades and overnight plays.  Cutting losses faster, even though it is harder than it sounds.  Hate seeing the stock up over the price I bought after I sold for a loss.  Need to work on this aspect...a lot.  Know it will not be easy, need to remove emotion from position but hard to do with money.  Wish my losses lately would have been april fools jokes but they aren't.  My trading has been an aprils fools joke, need to get back on the right track.

3/31/14

Last day of the quarter and like I thought, the markets closed higher today.  Wanted to end the quarter looking positive.  End of the month, a bad month for me.  I let loses run high, still have 2 now with plans to cut one on first red day.  Other waiting for earnings as I like their growth strategy.  Closed  few positions today and opened 2, one of which was a gap play and other was in optionhouse account.  Lets get to the chase.

OH account:
Sold all of my position in MINE.  It hit .04 and that was earliest I could sell with a limit order.  Think this result will be a loss after commission.  Have to wait for econfirm to be available because I am not sure what fees will be for this sell order.  Somewhere around 15 to open position and that would put me at a loss.  Prolly won't update this, but I expect small loss maybe $15-20.

Bought PESI.  Super alerted and it had a seeking alpha article over the weekend.  I bought right at top so I should I have looked harder at charts before buying.  Need to like these for the charts, then discover story to determine how long I want to hold.  Not holding near as long as I previously thought was ok, shift in strategy.

IB account:
premarket I sold STEV.  was part of wolfpack picks.  Very small gain around 20, but out and one less position to monitor.  Mainly the other potties/wolf picks.  Just trying to break even on them not looking for anything else right now.  Prices too low for me to play in future.  Absolute lowest price will be a dime.  I need real number to work with.

Bought FORD right at its breakout mark of 2.  Ended the day under this value, but think it is a good candidate to gap up.  So didn't use a day trade and had huge volume today.  Will be monitoring it closely tomorrow.  If gaps up will try to sell half and let other roll for a little.  Reminder to self to not get greedy on picks and small profits will add up and also can not hurt me.  If it goes red tomorrow I will sell as I aim to make this a big rule moving forward.

3/27 and 3/28

The market sell of continues and I also continue to loss my ass.  Didn't post yesterday and plan to keep it quick today.  I didn't adapt in time for this change in market and am now shifting my strategy a little.  Still looking at my main sources for ideas, but will be much better at protecting my capital.  Once an investment goes red on the day I am out, unless I am short than the opposite is true.  Also moving forward with adding money to my account to try to push over the 25K PDT limit.  Spent most of the last few days struggling with my taxes but got them done and waiting for my money back.  This will be put toward my account getting over limit.

OH account-continued sell off and aiming for a more clean slate.
Sold all of GRPN for a loss.  Stock going no where and market concerns=out
Sold FSPM-need clean slate. both sells for a loss

IB account
day trade on ETAK for a loss
Closed IMUC
closed TGC
closed ARIA at 2 different prices
Sold part of ERBB
sold IBIO
sold MJMD

number of positions getting much smaller.  need quicker trades and less positions open.  Will look for a gap play end of day monday.

3/26/14

All markets ended the day red.  Looked like they were recovering early on but then the carpet got pulled from under them.  Now i have to expect that this downward trend will continue.  Was not following very closely today, I was trying to prepare my tax returns.

OH-thought about selling FSPM but decided against it.  Prolly will regret later on, but would have been at a loss.
Did sell my position in GRPN- finally got rid of this junk.  I held through earnings early this year and they sucked.  They lowered projections and stock is not near recovering.  Will be decision time on if I want to transfer to IB account or not.  Has few days to settle so will think on it.

IB-only sold a few positions and added one.  I started looking and I really have too many open positions.  All new positions will be day trades or overnight gap plays, which will most likely be minimal right now.  Need the markets to bounce back, can't help but fell just a rough week.

Closed FCEL-had super close yesterday and continued afterhours but then tanked premarket and today.  Got out for a loss.  Little quicker loss than I typically have been, little progress there.

Opened a position in STEV-another part of the wolfpack.  Giving this a shot too.  Think I'm booty blinded by there past picks and have not been easing into them enough.  Need to remember I'm getting pick a day or so after they have their money in.  More or less pumping the stock.  Will have to be carefull on when to sell.  Already burned bad on ICBU pick.

Did a day trade on ISR.  Had a strong morning and I bought when it started creating new highs.  I screwed up the stop loss and tried to put one in but couldn't get IB to accept it.  Ended up putting in another buy order hoping only the stop loss would be activated by only clicked transmit on the stop but the order went in and executed immediately.  So my position was twice as big as I wanted.  Then I got stopped out as I kept it pretty tight.  Loss should have been half of what it was.  Just how my trading has been going last few days.

Most likely staying on the sidelines for most if not all tomorrow.  Need to recoup, clear my head, start getting disiplined and complete my taxes too.

3/25/14

Getting crushed recently.  Forced myself to close out a few positions and no longer hoping for best, they are behind me now.  Just have to visit them one more time, when I update profitly.  Gonna hurt and will be cussing to myself.  But been a good time to reflect back on my strategy.  Blaring need to develope better rules and then follow them.  Been bailed out by great performing market and now that looks to slow.  Must play for singles and not get greedy.  Must also recognize when trade is not working and keep losses small.  Come to terms my win % will go down but account size will be growing.  Need to get over the 25K mark so I can close positions daily and keep money better protected for downturns like now.  Limit my risk by limiting the number of time money is in trade.  Hopefully by end of next quarter i will be there.

OH account- closed position on GALT-stock got a spike on some news from sector and became profitable for the first time in a long time.  Had a beautiful breakout chart interday and lowered my order to get an execution.  Tired of waiting on this one, this whole account needed a makeover, about half way there.

Added to my position in MINE.  Had to do a market order because it was trading between .03 and .04. Been happy with this stock so far, but my position is terribly low.  Need my cash to settle from recent sell offs.  Will look to add if momentum stays positive and upside continues to look strong.

IB-Added to position on SPLI-trying to add to good positions and trades.  I know there is a lot of support in this trade via twitter and lots of rookies.  As long as I'm not the last man standing should be good trade.  Now that day is over, can also feel free to sell when needed.  Trying to implement rules, if it goes red any day I will sell my position.

Bought ICBU-had a good start to the day when I entered then fell apart.  Not a proud bag holder here.  Hoping it gains some support somewhere.  Had a nice run up end of day yesterday and early today then nothing.  Only partial fill at start but was not a problem to fill rest and had I been watching closer could have lowered my entry and in effect averaged down.  Will have to let ride for a little-trades I need to avoid in future-hold and hope.

Bought ERBB-now in full with wolfpack following.  Feel best about SPLI but none of the positions are oversized so I think I should be ok.  They seem to know some PR are coming out, plan is to hold few days.

Sold AHII-this was a paid pump I bought into.  I had bad timing and entered premarket when it had its first red day.  Was dumping all day and tried to tell myself that is was just down a little when in reality was down large %.  Terrible trade.

Sold OPXA-held on for a few days after volume dried up.  Need to get out when volume is still there and not worry about leaving $ on the table.  This was a failed breakout anyways and should have exited earlier.  Typical loss for me.

sold NFEC-same story-kept waiting on news to hit and price slowly declining.  No volume anymore and hard to exit.  Finally took the loss and moving on.  Past is the past.

Bought FCEL-breakout play late in day aka my usual gappa play.  Was up around $60 at close hopefully it continues to run a little tomorrow morning.  Is a sympathy play to PLUG which had a huge run up.  Just looked at chart and FCEL touched $3/share.  In around 2.75, nice run will need to lock in some profits early and let some ride further.

Thats it for today, I need to work on limiting the amount of positions I am in so I can track better.  Also more disiplined in profit taking on gappa plays.  Will sell part of position early tomorrow.  Also prefer to be cash happy.  Starting to see Tims point on this issue and why he can use such large positions.

3/24/14

Feels like a day where I should be cusing on my post, which I noticed only happens when I mess up bad but will refrain today.  Markets went down the toilet up until the end of the day.  Markets started to pull back up.  Tomorrow should be interesting, obviously hoping it goes green in a big way as all my positions are long.

Quick reflection glad I sold TSLA last week, was down 15 a share at times today.  So far almost always has been for the better when I exit positions.  Just have to do so earlier.  I have quite a few positions underwater and bag holding here.  I still am bought into their stories so will continue to hold, but trying to make a stand to cut losses quicker.  Sounds weird but I want to rack up the losses now...as long as they are small because that means I cut much faster than my habit has been as of late.  Also not going for as many swings, will monitor them and try to buy in for rips and not have to worry about boring movements.

Todays action:
Optionhouse account I sold off of MSTX for a loss.  I let this one get away, should have been quick to take profits but didn't.  This was a failed breakout that I waited to exit.  Bye bye 100 bucks.  Luckily position was small and shouldn't hurt me to much.

Didn't realize it but also bought some FSPM, has been down a bit and think undervalued right now.  Hoping for a gain of around $1/share.  Hoping I wasn't too early and it has to hit 50 dma.

IB:
Sold AMCO for a little gain.  Bought mid week last week and hasn't moved very much.  Got a little spike and I sold into it.  Around a $90 profit after commission on what turned out to be good timing as the markets were free falling.  Locked in a positive gain.

Bought SPLI-small started position as I got this idea from the twitter following I discussed last week.  IB is bad at updating p&l on this otc and I was not checking it often.  IB made it look like it was underwater fairly heavy for position size but in reality it was not.  Fixed at end of day from -70 to 60 or so.  This thing has been running like crazy and may sell at open or hold for a couple days-haven't decided best plan yet.  If I sell will look to open position again, hints mental debate.

Bought PAL-an attemped breakout.  Had a good spike when entered new highs then struggled for a while.  Kept hoping it would come back but no real push.  Ended up selling for a day trade and decent profit for the day.  Without this gain my day feels much worse.  Means will have to refrain from a day trade tomorrow.

Bought ERBB-also a pick from the twitter following wolfpack.  Had a nice run today only problem is I entered late in the day and also fat fingured my entry.  Position size is about 1/10th what I wanted so I'm off by a 0 on number of shares I want to own.  Prolly will buy in morning tomorrow to get position I want.  Will also try to make that my only position opened new tomorrow so I can watch if the market recovers or continues to fall.  Also will want a day for a day trade.  Seems to work out pretty good if I only have a day trade every other day, then I maintain the ability to open positions cause I learned last time if I don't have a day trade available I can not open positions.

3/21/14

Markets acted different today.  Not sure if its god or bad, just different.  Haven't experienced this movement before.  My positions held up alright so just have to adjust in future.  What I have been trying to do is buy more positions near the close and hope for gap up.  This also eliminates the need to use a cherished day trade.  Todays actions:

Optionhouse account-
Sold out of my TSLA position.  Too much uncertainty following stock right now.  Sold for loss, held for around a month.  This time will look for quicker play.

Bought MINE-a weed related stock and also very cheap stock.  Don't normally play stocks this cheap so we'll see how it plays out.  Part of twitter following that has been having insane returns.  Like 1000+%, nutty.  Bought around .03 and will hope for .04 or so.  One thing I don't like about OH is I can only put limit orders in at whole cent values.  So if it gets there or close I can do a market order to get the in between but I do not like market orders.  Gives someone else the power to screw me on fill price.

IB
Bought AHII in premarket.  Thought I put in a day order yesterday that was not filled and woke up to a fill notice.  I got in at a good price, so will see how it plays out.  During day stock tanked for a little and then made nearly a full recovery.  I know it is promoted stock and just seems too early for them to dump it, had a huge price tag on promotion.  Its overal performance has been a near perfect straight line, intraday included.  Overnight this stock hopefully not a bad idea as I did not get filled into close.  Monday will most likely sell for profit-need to take more profits at open as part of my strategy to open positions near close or power hour.

Sold NLST-have had this open for a few days and not much going on.  Finally went green for me overall and I put a stop order in 1 penny above buy price where this executed.  So missed out on like 2 pennies from its high before execution.  Basically a wash sell, I think .99 after comissions.

Bought TGC-was a rich pick and nuclear play for China.  They had news about gov't pushing for nuclear power upgrade in 10 years vs 25 years before.  Picked up a little steam at end, not sure if I should hold for good gain % wise or cash out for quick gain.  Most likely combination, so cash majority of position.

Bought IMUC.  Thought would be a good power hour runner.  Not so much so far.  Still at about where I got in.  Chance it gaps but that isn't saying anything really.  Not much better chance than any random other stock.

Tried to sell MJMD at close for a few penny gain but no fill there.  Pot stocks are supposed to get some attention next week due to something going on in Canada.  I obviously need to look more into it or get out asap once opens.  I don't have ability to sell premarket through arca, but know it is possible.

Ended down for the week due to my being an idiot in managing the NEWL trade.  That one dropped me a lot and have been trying to claw back from it.  Work in progress.  My win % is around 70 and i need to remember that if wins and losses are equal per trade $ amount, I will be successful(should be a better way to describe this but I'm lazy).  Would be even better if losing trade % loss was less than winning trade % gain.  That would be cooking with peanut oil.  Getting to involved with these and head too big thinking I'll be right.  Wish I could assume I was always wrong, then ride it out when I was right.  Anyways, way easier said then done when money is on the line.  Should be headed into next week on better ground than last week when I was long NEWL over the weekend.    Don't see my current positions hurting me that much come monday.  NEWL may haunt me forever but if it prevents me from doing it again, glad I experienced it now.