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.

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