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.