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.
Monday, March 31, 2014
Friday, March 28, 2014
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.
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.
Wednesday, March 26, 2014
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.
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.
Tuesday, March 25, 2014
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.
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.
Monday, March 24, 2014
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.
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.
Friday, March 21, 2014
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.
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.
Thursday, March 20, 2014
3/20/14
Better day trading today. Didn't hurt that the markets bounced back, like I thought they prolly would. Now the updates and moves.
DANG turned out to be a day trade as my buy order to cover got executed for a very small gain. Happy with it as the reason for my short was solely a rumor that didn't get attention. Had a morning panic but finished green and I would have been upside down on it now.
BGMD got a fill premarket to close position. Decent win here, had news of patent out and spiked stock in morning. Could have sold at higher price, but it was nice to wake up to profits.
DCTH-the pick yesterday that was moving like ISR also sold today. I scaled out and like what has been typical lately for me, most expensive sell off was the original. Stock paniced most of day and was happy to be out with a profit. It definitely stopped moving like ISR which trapped shorts and continued higher today.
Covered small part of OPXA. I forgot to adjust the size of my sell order and only sold 1/3 of position. Sold at lost because this was breakout play that is not working. Thinking of holding rest another few days to see if it gets a bounce after rest period(2-3 days).
MJMD-new name in pot sector. Have only played one pot stock before and this one has been gaining volume. Closed positive for the day, above my buy so looking good. Thing could take off tomorrow we shall see. Want to see it run but will try not to get greedy with gains. Knew I would have to hold overnight due to PDT limitations.
Will have another day trade available tomorrow. I've been trying to limit myself to 1 every other day. Only had 1 for today and tomorrow available. Also if I don't have any available then I can not open positions. And therefore not trade with this account. Sounds like a direct TV add, but thats what it comes down to. In my optionhouse account I had some funds settle and took out a little more. I will be putting this into the IB account and be a little bit closer to ending PDT limitations. With the portion that was settled and not taken out I opened a position.
OH account position opened MSTX. This thing is on the verge of a breakout. Was hoping it would trigger during powerhour but no such luck. That is alright, closed around my mark and tomorrow could be the day. I need to keep an eye on this because if it is indeed a double top I will need to close it to minimize my loss fast. Lots of people hoping it takes off and will be race to cover.
Forgot I have a bid in for CREG which is in breakout mode. Sucker was shooting up and probably gaps up for opening. Last ditch shot to get in, have been chasing it and might be better off missing. Will check tonight to see if I get in. If I do great should be good little gain quickly and if not its for the better I didn't chase. Will keep my day trade available for something else.
DANG turned out to be a day trade as my buy order to cover got executed for a very small gain. Happy with it as the reason for my short was solely a rumor that didn't get attention. Had a morning panic but finished green and I would have been upside down on it now.
BGMD got a fill premarket to close position. Decent win here, had news of patent out and spiked stock in morning. Could have sold at higher price, but it was nice to wake up to profits.
DCTH-the pick yesterday that was moving like ISR also sold today. I scaled out and like what has been typical lately for me, most expensive sell off was the original. Stock paniced most of day and was happy to be out with a profit. It definitely stopped moving like ISR which trapped shorts and continued higher today.
Covered small part of OPXA. I forgot to adjust the size of my sell order and only sold 1/3 of position. Sold at lost because this was breakout play that is not working. Thinking of holding rest another few days to see if it gets a bounce after rest period(2-3 days).
MJMD-new name in pot sector. Have only played one pot stock before and this one has been gaining volume. Closed positive for the day, above my buy so looking good. Thing could take off tomorrow we shall see. Want to see it run but will try not to get greedy with gains. Knew I would have to hold overnight due to PDT limitations.
Will have another day trade available tomorrow. I've been trying to limit myself to 1 every other day. Only had 1 for today and tomorrow available. Also if I don't have any available then I can not open positions. And therefore not trade with this account. Sounds like a direct TV add, but thats what it comes down to. In my optionhouse account I had some funds settle and took out a little more. I will be putting this into the IB account and be a little bit closer to ending PDT limitations. With the portion that was settled and not taken out I opened a position.
OH account position opened MSTX. This thing is on the verge of a breakout. Was hoping it would trigger during powerhour but no such luck. That is alright, closed around my mark and tomorrow could be the day. I need to keep an eye on this because if it is indeed a double top I will need to close it to minimize my loss fast. Lots of people hoping it takes off and will be race to cover.
Forgot I have a bid in for CREG which is in breakout mode. Sucker was shooting up and probably gaps up for opening. Last ditch shot to get in, have been chasing it and might be better off missing. Will check tonight to see if I get in. If I do great should be good little gain quickly and if not its for the better I didn't chase. Will keep my day trade available for something else.
Wednesday, March 19, 2014
3/19/14
A so-so day of trading. Opened some new positions but don't think I closed any. Here is a quick view of the day.
Shorted some DANG-some hit piece on them selling fake products. They are the amazon of china and being accused of selling knock off make up products. Fell sharply then I heard rumor and shorted. Didn't move much after I got in, I thought I was getting in after a bounce but not necessarily the case. Closed red for day which is good for me, but barely below my entry price. Looks like it is climbing some afterhours, may have to sell at loss early tomorrow.
Loaded up on some AMCO-rich pick and steel sector seems to be gaining news. Contracts being anounced and the likes. Looking for a small gain to sell majority, could be a longer term pick as well. Doubt I hold 2-3 weeks to reap total benefit but trying to grow my account.
Bought ARIA- next pedrone pick. Guys is aces man. Seems all his picks get steam and he makes bank. He just an article out on it, his plays seem to take a few days to hit his targets. In early, stock hit hard when Yellen was talking and killing the markets.
Got into DCTH-another rich pick. Sympathy play off of ISR who had a huge breakout today. Thing basically went straight up. If it can continue tomorrow, DCTH will get nice spike as well. Really cheap stock, which I don't love but play has tremendous potential.
Do not think I closed any open positions today-but chance once could fill after hours
As I mentioned markets took a hit today. This was a result of Yellen's first fed meeting remarks. Market got scared when she talked about when interest rates could go up and hinted it would be around 6 months after QE ends (could be wrong and real was when unemployment hits thier target). But not for a little while. Noticed I get a few random hits on this, feel free to comment or ask questions.
Shorted some DANG-some hit piece on them selling fake products. They are the amazon of china and being accused of selling knock off make up products. Fell sharply then I heard rumor and shorted. Didn't move much after I got in, I thought I was getting in after a bounce but not necessarily the case. Closed red for day which is good for me, but barely below my entry price. Looks like it is climbing some afterhours, may have to sell at loss early tomorrow.
Loaded up on some AMCO-rich pick and steel sector seems to be gaining news. Contracts being anounced and the likes. Looking for a small gain to sell majority, could be a longer term pick as well. Doubt I hold 2-3 weeks to reap total benefit but trying to grow my account.
Bought ARIA- next pedrone pick. Guys is aces man. Seems all his picks get steam and he makes bank. He just an article out on it, his plays seem to take a few days to hit his targets. In early, stock hit hard when Yellen was talking and killing the markets.
Got into DCTH-another rich pick. Sympathy play off of ISR who had a huge breakout today. Thing basically went straight up. If it can continue tomorrow, DCTH will get nice spike as well. Really cheap stock, which I don't love but play has tremendous potential.
Do not think I closed any open positions today-but chance once could fill after hours
As I mentioned markets took a hit today. This was a result of Yellen's first fed meeting remarks. Market got scared when she talked about when interest rates could go up and hinted it would be around 6 months after QE ends (could be wrong and real was when unemployment hits thier target). But not for a little while. Noticed I get a few random hits on this, feel free to comment or ask questions.
Tuesday, March 18, 2014
3/18/14
Bad day trading but hopefully it was for the best. Cut a few non performing positions that seemed to only drain my account. Took my biggest loss to date and feel dumb letting it rack up so big. Here was the action:
Sold about half of MNGA near open. Good open as it continued run from yesterday, was locking in some gains.
Sold my shares of HPJ. Picked it up yesterday and it gapped a little overnight and I sold into strength. I sold at start of a big run but not mad because I sold at my target. Good trade.
Bought IBIO. This was a Rich pick and looked good so joined in on the action. Plan is to sell tomorrow at some point. Had a good run into close so probable gap up. Up about 10% from buy during today.
Sold my old position of SEED. I know it may have some news that can spike it again, but tried to clean my portfolio a little and said good bye. Loss on the trade but was kept relatively small.
Sold other half of MNGA. This stock shit the bed and paniced. I tried to wait for it to be over but took forever. Got out at a terrible price and will be pissed to see it up around where I sold first half tomorrow. Saw a few picks losing and got scared today. Need to time these better.
Sold NEWL-this is where I got my shit pushed in. Bought it near the top and has gone down around 10% a day since the spike I bought. Wish I would have sold after 1st day of large loss. Money lost as a result is about twice as big. Went too big and need to keep position size in check.
Bought NLST. Had a spike when it news of a patent got out. Rest of day only had downward movement. I am giving this a little bit of time, maybe they will have a PR about this patent and creat some volume. Will not look for much in trade but holding for profit at least a few days.
Bought OPXA. Set up to be a gapper for tomorrow. Mid day run up that continued at close. Will try to sell into morning spike if I can time correctly.
Also just saw I bought BGMD afterhours. It had a good close so and was late putting my order in at the bell. Got executed afterhours and looking to sell in morning spike. Not looking for much as I got in late but could see continued strength tomorrow.
Sold about half of MNGA near open. Good open as it continued run from yesterday, was locking in some gains.
Sold my shares of HPJ. Picked it up yesterday and it gapped a little overnight and I sold into strength. I sold at start of a big run but not mad because I sold at my target. Good trade.
Bought IBIO. This was a Rich pick and looked good so joined in on the action. Plan is to sell tomorrow at some point. Had a good run into close so probable gap up. Up about 10% from buy during today.
Sold my old position of SEED. I know it may have some news that can spike it again, but tried to clean my portfolio a little and said good bye. Loss on the trade but was kept relatively small.
Sold other half of MNGA. This stock shit the bed and paniced. I tried to wait for it to be over but took forever. Got out at a terrible price and will be pissed to see it up around where I sold first half tomorrow. Saw a few picks losing and got scared today. Need to time these better.
Sold NEWL-this is where I got my shit pushed in. Bought it near the top and has gone down around 10% a day since the spike I bought. Wish I would have sold after 1st day of large loss. Money lost as a result is about twice as big. Went too big and need to keep position size in check.
Bought NLST. Had a spike when it news of a patent got out. Rest of day only had downward movement. I am giving this a little bit of time, maybe they will have a PR about this patent and creat some volume. Will not look for much in trade but holding for profit at least a few days.
Bought OPXA. Set up to be a gapper for tomorrow. Mid day run up that continued at close. Will try to sell into morning spike if I can time correctly.
Also just saw I bought BGMD afterhours. It had a good close so and was late putting my order in at the bell. Got executed afterhours and looking to sell in morning spike. Not looking for much as I got in late but could see continued strength tomorrow.
Monday, March 17, 2014
3/14 and 3/17/14
Late update on trading Friday. I had prior engagements and had to leave before market close, so missed about the last hour of the day. Did buy 3 new stocks however so here we go.
Bought a big size in NEWL. Bought this because it started to breakout on news of new purchase to grow its business. Did not time well and ended day underwater on position.
Bought VMEM-was a pedone pick and was breaking out to an area where it previously gapped. Thought it could gap up and be a sizable gain.
Bought CVM-bought on the 6 month breakout. Had a poor close to end the day so held overnight, original plan was to use a day trade on it.
Right at close my order for RIC executed. Market recovered, so no rush into gold like I was preparing for. Only made a few cents a share but a win none the less.
In my optionhouse account I cleared out INUV for a bad loss % wise. Was in trade way too long. started picking up before earnings, but dropped after. Holding through earnings has hurt me in this account.
Monday-3/14 St. Patty's day
Quick recap of opening/closing today is as follows:
Sold my CVM premarket for a gain. I lowered the target after the close on Friday. Didn't think I would get out alright. Obviously did, good way to start week after bad day friday.
Near open sold almost all my VMEM. Hit highs but not rushing to fill the gap. Ended up selling rest of my position few hours later near the same price, was not moving fast. Worried about purchase but it worked and moving on.
Bought MNGA attempted breakout. dropped after I bought-my mistake putting order in, I didn't want to buy until it hit new highs on the day. Above 1.61 and order immediately executed at 1.53. Stock got stuck around 1.40-1.45 for most of day and picked up a little at close. Start of after hour was still on the move upwards. Might get a little gap up tomorrow and I will most likely sell after gap and possible morning spike.
Bought HPJ. have played it before twice. Once good once bad. Now in lower than last selling price. Been coming back to life a little. Simply looking for a win, not a huge win or gain. Think it was a pretty good entry price, time will tell. Closed above my buy price so looking good.
Did use a day trade today. Timed the breakout pretty good on CDTI. Was a little choppy right as it hit new highs in afternoon and decent spread so I bought at bid. Picked up some speed about 10 min to close and hit my target for a good gain. Roughly 10% in 30 min. Wish all my trades were like that.
Also closed out my small position in ZIGO I had in optionhouse. Small loss I decided to take and going to move on. Was a chart play that has only gone down all last week. Exiting for my loss and putting money back to work. Waiting for cash to settle now and then decide on new play or transfer cash to IB account and claw toward the 25K mark to end PDT.
Bought a big size in NEWL. Bought this because it started to breakout on news of new purchase to grow its business. Did not time well and ended day underwater on position.
Bought VMEM-was a pedone pick and was breaking out to an area where it previously gapped. Thought it could gap up and be a sizable gain.
Bought CVM-bought on the 6 month breakout. Had a poor close to end the day so held overnight, original plan was to use a day trade on it.
Right at close my order for RIC executed. Market recovered, so no rush into gold like I was preparing for. Only made a few cents a share but a win none the less.
In my optionhouse account I cleared out INUV for a bad loss % wise. Was in trade way too long. started picking up before earnings, but dropped after. Holding through earnings has hurt me in this account.
Monday-3/14 St. Patty's day
Quick recap of opening/closing today is as follows:
Sold my CVM premarket for a gain. I lowered the target after the close on Friday. Didn't think I would get out alright. Obviously did, good way to start week after bad day friday.
Near open sold almost all my VMEM. Hit highs but not rushing to fill the gap. Ended up selling rest of my position few hours later near the same price, was not moving fast. Worried about purchase but it worked and moving on.
Bought MNGA attempted breakout. dropped after I bought-my mistake putting order in, I didn't want to buy until it hit new highs on the day. Above 1.61 and order immediately executed at 1.53. Stock got stuck around 1.40-1.45 for most of day and picked up a little at close. Start of after hour was still on the move upwards. Might get a little gap up tomorrow and I will most likely sell after gap and possible morning spike.
Bought HPJ. have played it before twice. Once good once bad. Now in lower than last selling price. Been coming back to life a little. Simply looking for a win, not a huge win or gain. Think it was a pretty good entry price, time will tell. Closed above my buy price so looking good.
Did use a day trade today. Timed the breakout pretty good on CDTI. Was a little choppy right as it hit new highs in afternoon and decent spread so I bought at bid. Picked up some speed about 10 min to close and hit my target for a good gain. Roughly 10% in 30 min. Wish all my trades were like that.
Also closed out my small position in ZIGO I had in optionhouse. Small loss I decided to take and going to move on. Was a chart play that has only gone down all last week. Exiting for my loss and putting money back to work. Waiting for cash to settle now and then decide on new play or transfer cash to IB account and claw toward the 25K mark to end PDT.
Thursday, March 13, 2014
3/13/14
Closed a few trades early in day, which turned out to be the right way to play it. The markets get hit today, most likely some panic due to Russia Ukraine conflict heating up. China uncertainty also plays a roll. Anyways market has also been on tear for last month, could be healthy pull back. Glad most account is in cash and not at risk.
Got an order to fill in premarket. CMBX out around 3.30, forget where I left order overnight my guess is 3.33. Stock didn't hit that high during the day. Another good premarket exit for me, lucky is better than good.
Sold ABIO, which I bought yesterday on a breakout. Started day off good then stopped in its trap and couldn't continue higher. Averaged somewhere around 10% gain. Good % win and didn't use a day trade, double thumbs up. Not to mention it closed right around where I bought, if market decides to spike tomorrow could still be in breakout mode.
Bought some shares of a gold company thinking other investors will look to gold to hedge portfolios. Didn't have much volume yet and closed about where I bought. I bought on a little spike I thought was going to the start to a big move. Now in RIC, which was chosen because they have bigger reserves than previously thought. Hoping other's choose for same reason. Will hold for a decent move, not sure it can break 1.76(recent highs) without bouncing around. 1.70ish will be initial target. If however it starts to breakout will hold some shares and push gains.
Should be up to 2 day trades for next 5 days. woo. Last friday was a big day for me, maybe I can find another nice runner. Have to try to make sure I'm not forcing it. Would be great to have freedom to play as many short term scalp plays I want-PDT hold back.
Got an order to fill in premarket. CMBX out around 3.30, forget where I left order overnight my guess is 3.33. Stock didn't hit that high during the day. Another good premarket exit for me, lucky is better than good.
Sold ABIO, which I bought yesterday on a breakout. Started day off good then stopped in its trap and couldn't continue higher. Averaged somewhere around 10% gain. Good % win and didn't use a day trade, double thumbs up. Not to mention it closed right around where I bought, if market decides to spike tomorrow could still be in breakout mode.
Bought some shares of a gold company thinking other investors will look to gold to hedge portfolios. Didn't have much volume yet and closed about where I bought. I bought on a little spike I thought was going to the start to a big move. Now in RIC, which was chosen because they have bigger reserves than previously thought. Hoping other's choose for same reason. Will hold for a decent move, not sure it can break 1.76(recent highs) without bouncing around. 1.70ish will be initial target. If however it starts to breakout will hold some shares and push gains.
Should be up to 2 day trades for next 5 days. woo. Last friday was a big day for me, maybe I can find another nice runner. Have to try to make sure I'm not forcing it. Would be great to have freedom to play as many short term scalp plays I want-PDT hold back.
Wednesday, March 12, 2014
3/12/14
Not a whole of action for me today...again. Hoping these down days have opened up a few day trade free days. Should be up to 2 i think.
Didn't sell anything. Again passing up on a chance to get out NFEC, which closed red today. Still kicking myself on this one. I need to take a profit if chance arises and move on. Keep waiting for a big move and that may not be coming.
Same sort of thing for CBMX. They were at a conference presenting and I was hoping they would get some more investors as result of presentation. Stock hit a high point of 3.25, but no higher. AKA no breakout and stock came back down a ways. Have good story, if they get a spike tomorrow will get out.
Only purchase today was ABIO. Got in right at breakout, about 2.10. Closed higher, so happy. Can sell for quick gain in morning or see if it runs and has a true breakout. Volume seemed pretty good today, hoping it hits scanners tomorrow and I can cash in.
Did not cut any positions in optionhouse account. Getting clobbered in that account. big losses that I have held on to. Few are on their way out of mind and out of sight.
Didn't sell anything. Again passing up on a chance to get out NFEC, which closed red today. Still kicking myself on this one. I need to take a profit if chance arises and move on. Keep waiting for a big move and that may not be coming.
Same sort of thing for CBMX. They were at a conference presenting and I was hoping they would get some more investors as result of presentation. Stock hit a high point of 3.25, but no higher. AKA no breakout and stock came back down a ways. Have good story, if they get a spike tomorrow will get out.
Only purchase today was ABIO. Got in right at breakout, about 2.10. Closed higher, so happy. Can sell for quick gain in morning or see if it runs and has a true breakout. Volume seemed pretty good today, hoping it hits scanners tomorrow and I can cash in.
Did not cut any positions in optionhouse account. Getting clobbered in that account. big losses that I have held on to. Few are on their way out of mind and out of sight.
Tuesday, March 11, 2014
3/11/2014
No action for me today. Had some great opportunities to sell CDMX and NFEC for good gains but I got greedy and didn't sell either.
Also don't remember if I said what I bought in optionhouse account. Few shares of ZIGO. WIll try to stay in in until 4 ema doesn't hold. Currently underwater in this position. My whole optionhouse portfolio is underwater. Looking to trim positions in near future.
Wanted to get into OXGN after the halt but IB blocks me from opening positions when I don't have any day trades left. Opened around 2.40 and currently around 5.30. Watched to catch the action in case I could learn something from movement. If somehow struggles, would be interested in this premarket tomorrow. See this being a big runner. Will be day trading it most likely,but could be tempted into holding overnight.
Market was sliding toward end of day and don't know cause. Most likely people profit taking, but maybe worried about another pullback. Will not get into too many positions at once, we could be due for a pullback.
Also don't remember if I said what I bought in optionhouse account. Few shares of ZIGO. WIll try to stay in in until 4 ema doesn't hold. Currently underwater in this position. My whole optionhouse portfolio is underwater. Looking to trim positions in near future.
Wanted to get into OXGN after the halt but IB blocks me from opening positions when I don't have any day trades left. Opened around 2.40 and currently around 5.30. Watched to catch the action in case I could learn something from movement. If somehow struggles, would be interested in this premarket tomorrow. See this being a big runner. Will be day trading it most likely,but could be tempted into holding overnight.
Market was sliding toward end of day and don't know cause. Most likely people profit taking, but maybe worried about another pullback. Will not get into too many positions at once, we could be due for a pullback.
Monday, March 10, 2014
3/10
Mad I left a default stop loss trigger today for a loss first of all and second of all to use a day trade. I do not have any day trades left for tomorrow. And I don't think IB will let me open any positions. Stupid mistake will make a for a boring tomorrow. Must keep big picture in mind, keep losses small and maximize profits, and live to trade another day.
Closed out the rest of my position on THTI. End result was my first trade with 1K in profits. Feels good and am hungry for more big wins.
Also sold a about half my position in NFEC for a decent gain. Holding onto other half of shares and looking to sell into a similar morning spike stock has experienced last few days. Have been forcing a big gain on this trade, realizing I need to take a profit and move on.
Covered my accidental short of ARTX. Got VERY lucky that there was a morning panic that allowed me to get out for a small gain. Hand was on the trigger, but waited as price action was favorable for my position. Started as a gap up, then must have been quick profit taking. Happy to be out of trade.
Crazy day for HOTR. got rest of my position filled, but not really a good thing as it tanked all day long. Tried to come back with a decent close. Glad closed over $4, think will be a much better day tomorrow for hooters international. Down big on the day for no apparent reason.
Opened a new position in my old account. ZIGO position size on the smaller side, used all open capital left in account though. In at 16.70 and will hold for a few days and aiming for small gain, maybe around 10%.
Finally the trade that pissed me off today. Bought MXC at 10.75 and stopped out at 9.75. I should have deleted the stop loss, like I normally do but didn't on this one. Have to learn from mistake and realize low floats need to be treated differently as the price swings more violently.
Been a good month, lets keep it going this week.
Closed out the rest of my position on THTI. End result was my first trade with 1K in profits. Feels good and am hungry for more big wins.
Also sold a about half my position in NFEC for a decent gain. Holding onto other half of shares and looking to sell into a similar morning spike stock has experienced last few days. Have been forcing a big gain on this trade, realizing I need to take a profit and move on.
Covered my accidental short of ARTX. Got VERY lucky that there was a morning panic that allowed me to get out for a small gain. Hand was on the trigger, but waited as price action was favorable for my position. Started as a gap up, then must have been quick profit taking. Happy to be out of trade.
Crazy day for HOTR. got rest of my position filled, but not really a good thing as it tanked all day long. Tried to come back with a decent close. Glad closed over $4, think will be a much better day tomorrow for hooters international. Down big on the day for no apparent reason.
Opened a new position in my old account. ZIGO position size on the smaller side, used all open capital left in account though. In at 16.70 and will hold for a few days and aiming for small gain, maybe around 10%.
Finally the trade that pissed me off today. Bought MXC at 10.75 and stopped out at 9.75. I should have deleted the stop loss, like I normally do but didn't on this one. Have to learn from mistake and realize low floats need to be treated differently as the price swings more violently.
Been a good month, lets keep it going this week.
Friday, March 7, 2014
3/7/14
Good day of trading. Closed out some positions and had a good runner.
Sold VEND early in day. Got a quick short squeeze and sold in their panic. Timed it pretty well as the highs of the day were not much more. Glad trade worked for me, was worried knowing my position was against Tim going into the close. Glad he closed out and his followers closed early today for me to sell with.
Big trade of the day was THTI. Went in big and was rewarded. THTI was in breakout when I bought and this sucker ran for me. Took half out of trade when I saw my gains. Smart move as it had a weak closing. I chased to remove more risk near end of day. Still have around 600 shares long. Hoping momentum can continue into Monday. If not have a cushion to sell remaining shares for profit.
ARTX-very emotional about this stock today. Started breaking out, then had big pull back and then breaking out movement again. I sold near the top of this in new highs, glad it worked. Then the stock shot down, big investor must have been getting out. This hit a sell order I put in as a stop loss, to make sure I had profits from trade. So now I am short on this stock overnight/over the weekend. Not happy about this position. Spike down went to my order then right back up about $0.20. Hoping this stock does not release anything new over the weekend. They have had good news recently. Chance I get really lucky and this news wears off, but doubtfull as it pertains to a breakthrough in batteries. Need to flatten early monday, debated about using a day trade on this but indecision was my decision.
HOTR-company owns rights to hooters and is going to be expanding world wide. Good seeking alpha articles about it and hype seems to be good for this play next week. Only some of my shares filled at very end of day. Was hovering around 5.00 most of day and I got some fills at 4.88. Excited about by entry price. Should get a good gain from this. Love me some hooters.
Good day overall. Just mad about the ARTX fiasco and end of day selling from THTI hurting my gains. Should have been a 1k profit trade on THTI- I had this target in my mind and when it was obtainable I got greedy. Need to grow account more to have more chances at 1k trades. Can't be mad about couple hundred dollar trades. Keep them coming.
Sold VEND early in day. Got a quick short squeeze and sold in their panic. Timed it pretty well as the highs of the day were not much more. Glad trade worked for me, was worried knowing my position was against Tim going into the close. Glad he closed out and his followers closed early today for me to sell with.
Big trade of the day was THTI. Went in big and was rewarded. THTI was in breakout when I bought and this sucker ran for me. Took half out of trade when I saw my gains. Smart move as it had a weak closing. I chased to remove more risk near end of day. Still have around 600 shares long. Hoping momentum can continue into Monday. If not have a cushion to sell remaining shares for profit.
ARTX-very emotional about this stock today. Started breaking out, then had big pull back and then breaking out movement again. I sold near the top of this in new highs, glad it worked. Then the stock shot down, big investor must have been getting out. This hit a sell order I put in as a stop loss, to make sure I had profits from trade. So now I am short on this stock overnight/over the weekend. Not happy about this position. Spike down went to my order then right back up about $0.20. Hoping this stock does not release anything new over the weekend. They have had good news recently. Chance I get really lucky and this news wears off, but doubtfull as it pertains to a breakthrough in batteries. Need to flatten early monday, debated about using a day trade on this but indecision was my decision.
HOTR-company owns rights to hooters and is going to be expanding world wide. Good seeking alpha articles about it and hype seems to be good for this play next week. Only some of my shares filled at very end of day. Was hovering around 5.00 most of day and I got some fills at 4.88. Excited about by entry price. Should get a good gain from this. Love me some hooters.
Good day overall. Just mad about the ARTX fiasco and end of day selling from THTI hurting my gains. Should have been a 1k profit trade on THTI- I had this target in my mind and when it was obtainable I got greedy. Need to grow account more to have more chances at 1k trades. Can't be mad about couple hundred dollar trades. Keep them coming.
Thursday, March 6, 2014
3/6/14
Decent amount of moves made today and I was thinking I would take it easy.
Old OH account-sold my shares of PUGE for a decent gain. Didn't ever really get much volume, bought originally because it was a paid promo. Also in the weed sector with some sort of tie to 3D printing. Should have been hype machine. Happy to be out and small profit to boot.
Thought I had sold all of PPHM yesterday but I fat fingered one of the sell orders. Only sold 100 shares,default setting, not my whole position. Had a big panic in the morning and I added to the panic. I chased to exit and sold a little below where I exited (2nd time) yesterday. Looked like a loss on the day, but all shares were profitable. Happy with trade.
Sold my REE in premarket. price continued up, and at close was only a few cents from my target. So took my profit and moving on to another play. roughly 10% gain.
Also lowered my target on YOD and order executed. Small gain, but happy to out of that stock. Has been streaky in past and was not on the uptrend. When i exited the stock looked like it was going to breakout and thought I got out too early. But came back down shortly after, so good move getting out.
I did not get out of SEED like I wanted. Am currently bag holding. Looks like a big red day, but this is due to huge run up yesterday. Should have day traded this and exited before close yesterday. Thought it would continue today, but no such luck. Still open and price is at 4 EMA, if no bounce tomorrow, will have to take a loss.
Opened some new positions near the close. Probably should not have gotten in all of them and chosen wiser. Time will tell. Opened ARTX, NFEC, VEND, CBMX. VEND is most interesting, didn't realize it was a pumper when I bought. Shortly after I bought Tim sent out alert that he is short-he covered and opened another since. So I have survived so far, if it holds I have great entry. There was a tweet about the CEO getting arrested that sent this stock down. This was just a rumor and not true so I am looking for it to rebound.
Old OH account-sold my shares of PUGE for a decent gain. Didn't ever really get much volume, bought originally because it was a paid promo. Also in the weed sector with some sort of tie to 3D printing. Should have been hype machine. Happy to be out and small profit to boot.
Thought I had sold all of PPHM yesterday but I fat fingered one of the sell orders. Only sold 100 shares,default setting, not my whole position. Had a big panic in the morning and I added to the panic. I chased to exit and sold a little below where I exited (2nd time) yesterday. Looked like a loss on the day, but all shares were profitable. Happy with trade.
Sold my REE in premarket. price continued up, and at close was only a few cents from my target. So took my profit and moving on to another play. roughly 10% gain.
Also lowered my target on YOD and order executed. Small gain, but happy to out of that stock. Has been streaky in past and was not on the uptrend. When i exited the stock looked like it was going to breakout and thought I got out too early. But came back down shortly after, so good move getting out.
I did not get out of SEED like I wanted. Am currently bag holding. Looks like a big red day, but this is due to huge run up yesterday. Should have day traded this and exited before close yesterday. Thought it would continue today, but no such luck. Still open and price is at 4 EMA, if no bounce tomorrow, will have to take a loss.
Opened some new positions near the close. Probably should not have gotten in all of them and chosen wiser. Time will tell. Opened ARTX, NFEC, VEND, CBMX. VEND is most interesting, didn't realize it was a pumper when I bought. Shortly after I bought Tim sent out alert that he is short-he covered and opened another since. So I have survived so far, if it holds I have great entry. There was a tweet about the CEO getting arrested that sent this stock down. This was just a rumor and not true so I am looking for it to rebound.
Wednesday, March 5, 2014
3/5/14
Feels like a bad day. I struggle to cut loses on trades and got bit again. My gain % vs loss % is ugly. I need to form a better mental loss on my trades and even more important execute them. Have been hesitant since last time I got stopped out, I exited at the bottom and had I help 1 more cent trade would have been a winner. I HAVE TO WORK ON THIS TO BE SUCCESSFUL IN FUTURE. I can not continue to let losers wipe out multiple winners.
The loss I took today HPJ. stock struggles yesterday and was thinking how ugly the chart was, but decided to hold and it came back at end of day. Different story today, I kept putting off cutting my losses and let my losses run up. phycologically felt ok to let it ride, but when putting thoughts down it is easy to see that it makes the loss worse. So instead of helping the situation, it adds to the problem.
After this I acted a little bit better on UQM. Sold it for a loss, but much smaller loss than HPJ. Without the lesson from HPJ today I would probably still be holding.
REE was down at start of day but not much % wise and had low volume, thought I would have to cut again but held. Ended up green for the day and just off of my 7% target I now have on this play.
YOD-play I did because of Tim, and liked the action I saw. Started the day down and never got going. Had chance to sell for very small profit but didn't get out. Price took a hit when Tim sold, as I knew it would. Still holding, don't see it going much lower and an article can spike this stock as seen before.
I did perform a day trade on PPHM. Bought late in morning just after initial spike. Took half my shares off the table when it hit its 52 week highs in case of double top. Held most of the day and started a trailing stop on the 2nd half of my shares. Pull back right after power hour started stopped me out around 3.73. Good solid profit on this. Would love to find a stock with this performance everyday. Looks like break out still going after hours and is about to hit 4.
Little before power hour I bought some shares of SEED. Got in at 3.03 and has been good action so far. Bought with intent to hold overnight and am doing so. May look to sell premarket, as competitor GRO is reporting earnings before market opens. If stock just holds I will have nice 10% gain and will be happy with it.
Have some more funds settling in account tomorrow. Trying to make it to the all important 25K level so I can get around PDT rules. Just took some more out of my optionhouse account and will transfer that over to the IB account. Been trying to scrap together what I can to make it over the hump. Need to focus more on one trade at a time.
Forgot to note I sold IKNX for a profit. Didn't realize how few shares were traded daily of this stock. Had good news when I entered and more news as I exited. Probably a solid stock/company but the volatility scares me. I have been looking to close positions to limit my risk to the market, so happy to be out. Bonus was the profit on this trade.
The loss I took today HPJ. stock struggles yesterday and was thinking how ugly the chart was, but decided to hold and it came back at end of day. Different story today, I kept putting off cutting my losses and let my losses run up. phycologically felt ok to let it ride, but when putting thoughts down it is easy to see that it makes the loss worse. So instead of helping the situation, it adds to the problem.
After this I acted a little bit better on UQM. Sold it for a loss, but much smaller loss than HPJ. Without the lesson from HPJ today I would probably still be holding.
REE was down at start of day but not much % wise and had low volume, thought I would have to cut again but held. Ended up green for the day and just off of my 7% target I now have on this play.
YOD-play I did because of Tim, and liked the action I saw. Started the day down and never got going. Had chance to sell for very small profit but didn't get out. Price took a hit when Tim sold, as I knew it would. Still holding, don't see it going much lower and an article can spike this stock as seen before.
I did perform a day trade on PPHM. Bought late in morning just after initial spike. Took half my shares off the table when it hit its 52 week highs in case of double top. Held most of the day and started a trailing stop on the 2nd half of my shares. Pull back right after power hour started stopped me out around 3.73. Good solid profit on this. Would love to find a stock with this performance everyday. Looks like break out still going after hours and is about to hit 4.
Little before power hour I bought some shares of SEED. Got in at 3.03 and has been good action so far. Bought with intent to hold overnight and am doing so. May look to sell premarket, as competitor GRO is reporting earnings before market opens. If stock just holds I will have nice 10% gain and will be happy with it.
Have some more funds settling in account tomorrow. Trying to make it to the all important 25K level so I can get around PDT rules. Just took some more out of my optionhouse account and will transfer that over to the IB account. Been trying to scrap together what I can to make it over the hump. Need to focus more on one trade at a time.
Forgot to note I sold IKNX for a profit. Didn't realize how few shares were traded daily of this stock. Had good news when I entered and more news as I exited. Probably a solid stock/company but the volatility scares me. I have been looking to close positions to limit my risk to the market, so happy to be out. Bonus was the profit on this trade.
Tuesday, March 4, 2014
3/3 &3/4/14
No new positions or selling in old account. But dividends from WHZ and WHX both hit my account today(Tuesday). Sold both too early, was part of the sell off after the ex-dividend date. Was also a seeking alpha article on WHX saying not much left in the stock for future dividends. May play WHZ again come next record date, 20% yield is nice.
Had some action in my IB account. Sold the rest of MY in premarket at the high of the day. Got lucky that my order executed there, would still be holding if not. Last shares sold at just under 50% gain.
Opened up two new stocks with a low bid while they had good action. So now have a position in REE-a play in batteries/earth materials. Also picked up some UQM-which has been breaking out but down trending since I bought. Hoping they both get some attention tomorrow. Since UQM had a big day % wise, should hit the scanners of traders and hoping volume will continue to push price to new highs. I played both thinking they would be quick day trades and if one opened strong I would cancel the other order. So that didn't happen and I have both open overnight. Will monitor closely and look to sell for small gains, not going to aim for much or get cocky.
Near the close I also bought YOD, an alert gave by tim. Had breakout type action at end of day and was up a little going into tomorrow. Stock has a history of spiking in the morning and I will look to get out then. Not sure how to time it knowing Tim is in and when his alert goes out lots of traders will follow.
Slow day for HPJ. Still like the stock but worry how much juice it has left. Any news from the electric vehicle sector could help push it up. Hoping TSLA will give the media something, ideally about the new gigafactory and closing in on a site. Don't think the sector is done, but another push would be great for me to get out with a profit.
Need to limit my positions and will refrain from buying anything new until I close out 1 or 2.
Had some action in my IB account. Sold the rest of MY in premarket at the high of the day. Got lucky that my order executed there, would still be holding if not. Last shares sold at just under 50% gain.
Opened up two new stocks with a low bid while they had good action. So now have a position in REE-a play in batteries/earth materials. Also picked up some UQM-which has been breaking out but down trending since I bought. Hoping they both get some attention tomorrow. Since UQM had a big day % wise, should hit the scanners of traders and hoping volume will continue to push price to new highs. I played both thinking they would be quick day trades and if one opened strong I would cancel the other order. So that didn't happen and I have both open overnight. Will monitor closely and look to sell for small gains, not going to aim for much or get cocky.
Near the close I also bought YOD, an alert gave by tim. Had breakout type action at end of day and was up a little going into tomorrow. Stock has a history of spiking in the morning and I will look to get out then. Not sure how to time it knowing Tim is in and when his alert goes out lots of traders will follow.
Slow day for HPJ. Still like the stock but worry how much juice it has left. Any news from the electric vehicle sector could help push it up. Hoping TSLA will give the media something, ideally about the new gigafactory and closing in on a site. Don't think the sector is done, but another push would be great for me to get out with a profit.
Need to limit my positions and will refrain from buying anything new until I close out 1 or 2.
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