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.
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