Monday, March 31, 2014

3/31/14

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.

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