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.

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