Nearly all the action for me today was right at the open. Some of it good, some of it bad. All of it could have been better. Got a crazy morning panic, the worse I have seen and it hit my stop loss. Not happy with this. Could have saved 50 cent if stop loss did not trigger. Which would have cut my loss in half. Pissed about that. But other parts were good. Like BIOF continued to go down lower at open, which was good being short. Market overall felt like whiplash again. Spikes up and down related to earnings and also FOMC today. They continued to taper QE which is what I figured and the market whipsawed on this news. Also our GDP number for 1st quarter was released today. This came in way under estimates. Nearly all estimates were over 1% and it came in under .1%. Big difference! Conflicting news everywhere i guess is why the market reacted the way it did. Also forgot to mention Dow finished at all time highs today. It had been close for a while but unable to do so and was looking like a double top. Glad it pushed through and hoping that means everything can start jamming again. Lots of people look to Dow and now we got the new highs. Now throw in your money.
Covered BIOF as I mentioned earlier. Had a quick spike lower and I sold as part of that. Glad holding overnight to avoid a day trade helped me. Just under $1/share gain.
sold FDMF-news about them joining marajuana industry came out. But stock hardly reacted to it. I'm glad I was not greedy and had sell limits low. They both hit and I am richer for it. This came right after I got an email from the CEO saying yes the rumor was real. Maybe he waited to tell me until the PR hit. Stock only at my sell level for a few minutes. Was lucky to get executed at those prices. This closed at .07 today and I got out at .12 for half.
Sold VTNR. This is where I got stopped out at. I'm pissed about this one, I thought about selling premarket for a small gain. Oh course I got greedy and let it ride. Saw the panic and thought it would pass. Did not even think about my stop loss. Sold almost at the exact day low. This is why stop losses can be bad and I need to get firm with mental stop losses.
Bought HERO. This had volume pouring in near the close and I got in on the action. Stock brought to my attention by Pedone. He was tweeting about it and also posted the chart on facebook. Says he thinks it bottomed here. I hope so and have a tight leash on it. Really don't know how high it could go but hoping it tests 50 dma. That is 20 cents away and think it could jump if it overtakes this. Not one of my usual set ups and stink at finding these so have to have real tight leash. Not good at reading what is still acceptable. Will not play a chart like this again, rushed into it.
Wednesday, April 30, 2014
Tuesday, April 29, 2014
4/29/14
Market was turnt up for me today. Much better than the last few. Glad to say that streak is over. Main reason was a good short after a seeking alpha article came out. Was a really bearish article and got in on the action. Took a little for it to pick up momentum, but when this thing moved it moved fast. Little bit of short covering 20 min to close, but ended where I wanted. Nice gainer for me since I shorted it. Feels like the first time in a while I was on the right side of one of these moves. Did not sell the other positions I was looking to. They didn't move much, and pretty much any movement was in my favor so left it alone. Still monitoring and tomorrow should be crazy with recent market moves and FMOC. Will cover my short, but will probably end up letting my longs go on. First to cover will be HPJ, this hardly moved today, uncharacteristic of it.
WTER - used a daytrade on this. Thing got absolutely smoked early on and I bought after it had bottomed. Got out for a little gain, it started to spike 30 min after I got out. Could have been 30% winner. Sold for about 10, and happy with gain.
BIOF- this is the short I talked about up top. Seeking alpha hit piece took it down. Looks to continue and am hoping for a morning panic. Plan to cover tomorrow and sometime before Yellen's talk. Not sure how market will act so will lock in gains there. Got in around 8.10 and closed around 7.40. Good start and hopefully continues tomorrow.
VTNR- breakout play that Tim alerted. He also covered some of his position right as I entered last few minutes of market. Figures I would time my buy for him, oh well. Didn't look like too many people followed on the covering. Hoping for gap up, and small gain. Will monitor closely tomorrow at open, maybe even sell if up in premarket. Will try to put limit order in tonight and hope it hits tomorrow morning.
Will spend tomorrow morning watching VTNR, BIOF, and HPJ closely. Then trying to monitor my other positions. Finally have a chance for 2 consecutive up days in overall market. Lets see what Yellen has to say.
WTER - used a daytrade on this. Thing got absolutely smoked early on and I bought after it had bottomed. Got out for a little gain, it started to spike 30 min after I got out. Could have been 30% winner. Sold for about 10, and happy with gain.
BIOF- this is the short I talked about up top. Seeking alpha hit piece took it down. Looks to continue and am hoping for a morning panic. Plan to cover tomorrow and sometime before Yellen's talk. Not sure how market will act so will lock in gains there. Got in around 8.10 and closed around 7.40. Good start and hopefully continues tomorrow.
VTNR- breakout play that Tim alerted. He also covered some of his position right as I entered last few minutes of market. Figures I would time my buy for him, oh well. Didn't look like too many people followed on the covering. Hoping for gap up, and small gain. Will monitor closely tomorrow at open, maybe even sell if up in premarket. Will try to put limit order in tonight and hope it hits tomorrow morning.
Will spend tomorrow morning watching VTNR, BIOF, and HPJ closely. Then trying to monitor my other positions. Finally have a chance for 2 consecutive up days in overall market. Lets see what Yellen has to say.
Monday, April 28, 2014
4/28/14
Got destroyed in the market today. Started out good then got smoked, and market ended up about even for the day. I on the other hand did not end up even. Limited action from me, mainly just watching my account shrink in a sea of red. Since market did bounce maybe tomorrow will be better. Must have only been big names bouncing because my small caps were smoked. Fed meeting tomorrow and that will send market in one direction or the other. Don't expect any changes from them as far as easing goes, but I don't know what that means for the markets. Just know it will effect them overall. Picked up another one of Superman's plays for relatively cheap. Time will tell if it was cheap or not as always. I should be in way more cash than I currently am and not as effected by these swings nearly every day.
Bought PME right around 3. This is the superman pick mentioned before. This baby had the bottom drop out right after I bought. Would have taken out my stop loss if I didn't move it lower. Broke the rules, but superman's swings take time to play out and market was getting destroyed. I have faith in his picks pulling through.
Sold WTSL for a loss. Seemed like all retail was down and hit my stop loss. Failed pedone pick, did not get the breakout I was looking for and he wrote was set up. Stop loss did save me from another 5 cents of downside. Decent percent considering I bought at 1.25.
Hoping for a massively green day tomorrow to trim down on positions for future market swings and make up some lost ground today.
Bought PME right around 3. This is the superman pick mentioned before. This baby had the bottom drop out right after I bought. Would have taken out my stop loss if I didn't move it lower. Broke the rules, but superman's swings take time to play out and market was getting destroyed. I have faith in his picks pulling through.
Sold WTSL for a loss. Seemed like all retail was down and hit my stop loss. Failed pedone pick, did not get the breakout I was looking for and he wrote was set up. Stop loss did save me from another 5 cents of downside. Decent percent considering I bought at 1.25.
Hoping for a massively green day tomorrow to trim down on positions for future market swings and make up some lost ground today.
Friday, April 25, 2014
4/25/14
Markets hit hard today and small caps were ugly. Same thing as chop before some people thinking market crash is coming others just uncertainty with Russia and Ukraine. Tension heating up again, but I don't think much will come from it. Too many other world powers to stop Russia. US and Europe will prevent anything from happening even if it only seems like threats to do something. I got temped more than I should have today and made a few purchases.
Now long HPJ-this was a stink bid that I didn't expect to have filled. Stock was crushed with overall market, so I think it will recover fast. Also only got part of my order filled. So small position and I don't see much down side.
Long WTSL. Was trying to get in at 1.24 but again only partial fill and was not moving much. Right at end of day rest of my order (after I downsized it due to overall market) filled at 1.25. This is right at the level of a breakout and pedone has been tweeting about it so should be on people's radars. Was part of one of his articles so also radar'd then. If market can bounce on monday, will be a good play. resistance about 10 cents above then big path to next resistance.
Still no confirmation on JASO, and this was down pretty good size today. Market bounce will help this out and help me out a bunch. Unfortunately that will probably mean it does the opposite. Markets tends to cause the most damage to as many people as possible. Sucks donut.
Now long HPJ-this was a stink bid that I didn't expect to have filled. Stock was crushed with overall market, so I think it will recover fast. Also only got part of my order filled. So small position and I don't see much down side.
Long WTSL. Was trying to get in at 1.24 but again only partial fill and was not moving much. Right at end of day rest of my order (after I downsized it due to overall market) filled at 1.25. This is right at the level of a breakout and pedone has been tweeting about it so should be on people's radars. Was part of one of his articles so also radar'd then. If market can bounce on monday, will be a good play. resistance about 10 cents above then big path to next resistance.
Still no confirmation on JASO, and this was down pretty good size today. Market bounce will help this out and help me out a bunch. Unfortunately that will probably mean it does the opposite. Markets tends to cause the most damage to as many people as possible. Sucks donut.
Thursday, April 24, 2014
4/24/14
Indexes ended up alright, but small cap space was weak today. Limited action from me as anticipated. Just playing out my current positions for now. Limited trades right now. Took a larger than usual position on an overnight play. Down a little at close, hopefully tomorrow plays out better. Here is the recap.
OH account:
Funds all settled and opened a new swing trade. Got a position in WATT. This is the best technology I've heard coming out in a while. I think it will take off once readily available. Works like wireless internet, but charges batteries like your phone. Do not need to plug in your phone at home, just have to put it close enough to the router like device. Rumor is 15 ft right now and working on 30 ft radius. Big market, big opportunity. Quiet period ends in about 2 weeks. Hoping I caught the low.
IB account
Sold NEON for a loss. Did not get the action I wanted and forced to sell for a loss. Looking back should have sold earlier when first doubted stock. Need to learn that lesson. Hard with limited trades.
Bought JASO. Bought near its highs of the day aka bad entry point. But rumor is they have a deal with Tesla for charging stations and Tesla has said they are going to spend millions (I think hundreds) on charging stations. Some foreign magazine reported the deal is real, but hoping for better confirmation. Would like stock to shoot up if/once announced by JASO or TSLA but willing to hold if it needs to climb gradually as people realize importance of contract. Right now willing to hold for about 2 weeks for a swing.
JASO got one fill above closing price last I looked. Hopefully that is a good indicator for what is coming tomorrow. Tomorrow like today will be mainly just monitoring positions. And maybe a late play. Could change if one of open positions spikes positively for me. Plan is a buy in last half hour of day tomorrow for an overnight gap/morning spike.
OH account:
Funds all settled and opened a new swing trade. Got a position in WATT. This is the best technology I've heard coming out in a while. I think it will take off once readily available. Works like wireless internet, but charges batteries like your phone. Do not need to plug in your phone at home, just have to put it close enough to the router like device. Rumor is 15 ft right now and working on 30 ft radius. Big market, big opportunity. Quiet period ends in about 2 weeks. Hoping I caught the low.
IB account
Sold NEON for a loss. Did not get the action I wanted and forced to sell for a loss. Looking back should have sold earlier when first doubted stock. Need to learn that lesson. Hard with limited trades.
Bought JASO. Bought near its highs of the day aka bad entry point. But rumor is they have a deal with Tesla for charging stations and Tesla has said they are going to spend millions (I think hundreds) on charging stations. Some foreign magazine reported the deal is real, but hoping for better confirmation. Would like stock to shoot up if/once announced by JASO or TSLA but willing to hold if it needs to climb gradually as people realize importance of contract. Right now willing to hold for about 2 weeks for a swing.
JASO got one fill above closing price last I looked. Hopefully that is a good indicator for what is coming tomorrow. Tomorrow like today will be mainly just monitoring positions. And maybe a late play. Could change if one of open positions spikes positively for me. Plan is a buy in last half hour of day tomorrow for an overnight gap/morning spike.
Wednesday, April 23, 2014
4/23/14
Overtraded on a rough day for the market. An adjustment I may have to make will be to be heavier on shorting when market red and heavier on long when market strong. So market was obviously down today, and was not my friend. Got stopped out a bunch (felt like) and left last buy open when probably should have sold for small loss. Need to do a better job of checking out a stock before buying it. Been rushing into positions and not knowing a thing about the company besides its ticker. So need to slow down and not over trade. Will cause me more pain if I continue that way.
PRMW-did not get the spike I was looking for and sold for loss. Was red all day, glad I sold but maybe could have sold sooner.
BIOF-was a breakout play that I entered in too late. It broke the level I was using for support and sold. Good that I followed that rule, but bad for the p&l. Bought too late in morning, slow grind lower from where I bought. Did recover little below where I sold.
DEJ-sold this underwater position. Was thinking this might hurt me as I try to grow account over PDT, so sold. Could have held longer. Sold on what I thought was a morning spike, like it did yesterday. But today it continued up. Article also out about conference call, saying it was positive guidance.
bought FDMF-this was mentioned on wolf's twitter. It looked like it was ready to ramp up when I bought in. No such luck and am underwater here. Have a ton of shares because it is so cheap. One of the worries I have with subpenny stocks. Thinking may get pumped some in next few days so will hold. wolfpack buying and/or a PR on a marijuana shell they set up. That would give it a good spike at the price its at.
Bought NEON-was on supers watch list and had a good breakout chart. Bought right when it took out a wall of sellers, so initially liked entry but didn't go far. And also had a weak closing. Doubt any gap of any sort, maybe will continue upward trend. Maybe will follow modern rocks 3 day rule. This is day 2 so will look for exit tomorrow if it gets positive. Another option is to watch the chart and sell when it hits 4 ema so its like a chart play super does. Hoping for a continued upward trend and sell some point tomorrow.
Facebook reported earnings after hours today and beat them again. Should be good for the market as they have been on a spending spree and a leader of all technology stocks. Should not hurt the potential of NEON. They also have a target around 12, and is under 6 right now. AAPL also beat their earnings, and I thought they would come up short. Good thing I didn't gamble. Looking to take it easy tomorrow compared to today. Also biggest earning day, number of companies wise after hours.
PRMW-did not get the spike I was looking for and sold for loss. Was red all day, glad I sold but maybe could have sold sooner.
BIOF-was a breakout play that I entered in too late. It broke the level I was using for support and sold. Good that I followed that rule, but bad for the p&l. Bought too late in morning, slow grind lower from where I bought. Did recover little below where I sold.
DEJ-sold this underwater position. Was thinking this might hurt me as I try to grow account over PDT, so sold. Could have held longer. Sold on what I thought was a morning spike, like it did yesterday. But today it continued up. Article also out about conference call, saying it was positive guidance.
bought FDMF-this was mentioned on wolf's twitter. It looked like it was ready to ramp up when I bought in. No such luck and am underwater here. Have a ton of shares because it is so cheap. One of the worries I have with subpenny stocks. Thinking may get pumped some in next few days so will hold. wolfpack buying and/or a PR on a marijuana shell they set up. That would give it a good spike at the price its at.
Bought NEON-was on supers watch list and had a good breakout chart. Bought right when it took out a wall of sellers, so initially liked entry but didn't go far. And also had a weak closing. Doubt any gap of any sort, maybe will continue upward trend. Maybe will follow modern rocks 3 day rule. This is day 2 so will look for exit tomorrow if it gets positive. Another option is to watch the chart and sell when it hits 4 ema so its like a chart play super does. Hoping for a continued upward trend and sell some point tomorrow.
Facebook reported earnings after hours today and beat them again. Should be good for the market as they have been on a spending spree and a leader of all technology stocks. Should not hurt the potential of NEON. They also have a target around 12, and is under 6 right now. AAPL also beat their earnings, and I thought they would come up short. Good thing I didn't gamble. Looking to take it easy tomorrow compared to today. Also biggest earning day, number of companies wise after hours.
Tuesday, April 22, 2014
4/22/14
Good day today. Sold off some positions as the market was charging higher almost all day and my targets got hit. Good to see the momentum continue today. Did take a day trade and also opened up an overnight position. Just average close on that so probably won't shoot up like I initially hoped. I do have a pretty tight stop on it so hopefully acts like I want.
Closed GOGO. The momentum here was good at the start and had a nice run. I sold close to the highs and got a good chunk of this move. Now am glad I added to position and got a better gain dollar wise from it.
Day trade APP. This was a pedone pick that shot up afterhours and premarket today. Got in later than I wanted but was able to flip for a decent gain. This was a breakout into a gap fill. Didn't know how high it could go and it may go higher tomorrow. But happy with my gain, especially because it dipped little after I bought. Could have gotten in cheaper and had bigger win but can't worry about that. Was a winning trade and thats all I care about.
Closed VRNS. This had one heck of a breakout day and I sold for 2$ a share gain. It continued upward after I sold, so it could have been an even bigger win, but again simply happy with the win. Had a analyst upgrade and price target of 31. I sold little over 30, so if they are right was good choice.
Closed OCLR. This was a day trade that got extended out. Was going in right direction then fell off steeply. A big seller shot it down and hit my stop loss. So all said and done was negligible gain after commission. Like 5 dollars.
opened PRMW. Had a pop couple minutes before the close, but closed about at my purchase price. Hoping for a morning spike and/or breakout continuation. Stop will be close to breakeven, which is the close price today. Continuing with small positions until I feel more confident again. Been on a long losing streak and just dipping toe in water again.
These closing of positions also lets me be in cash and will not be hurt much if market comes down tomorrow. Which is very possible as it started to fade at the end of the day. Hoping for a morning spike on one open position that I have not cut yet and it needs cutting. Will look to sell tomorrow. Also think those last funds settle tomorrow and puts me damn close to PDT freedom.
Closed GOGO. The momentum here was good at the start and had a nice run. I sold close to the highs and got a good chunk of this move. Now am glad I added to position and got a better gain dollar wise from it.
Day trade APP. This was a pedone pick that shot up afterhours and premarket today. Got in later than I wanted but was able to flip for a decent gain. This was a breakout into a gap fill. Didn't know how high it could go and it may go higher tomorrow. But happy with my gain, especially because it dipped little after I bought. Could have gotten in cheaper and had bigger win but can't worry about that. Was a winning trade and thats all I care about.
Closed VRNS. This had one heck of a breakout day and I sold for 2$ a share gain. It continued upward after I sold, so it could have been an even bigger win, but again simply happy with the win. Had a analyst upgrade and price target of 31. I sold little over 30, so if they are right was good choice.
Closed OCLR. This was a day trade that got extended out. Was going in right direction then fell off steeply. A big seller shot it down and hit my stop loss. So all said and done was negligible gain after commission. Like 5 dollars.
opened PRMW. Had a pop couple minutes before the close, but closed about at my purchase price. Hoping for a morning spike and/or breakout continuation. Stop will be close to breakeven, which is the close price today. Continuing with small positions until I feel more confident again. Been on a long losing streak and just dipping toe in water again.
These closing of positions also lets me be in cash and will not be hurt much if market comes down tomorrow. Which is very possible as it started to fade at the end of the day. Hoping for a morning spike on one open position that I have not cut yet and it needs cutting. Will look to sell tomorrow. Also think those last funds settle tomorrow and puts me damn close to PDT freedom.
Monday, April 21, 2014
4/21/14
Good day for the markets. All were positive and that makes about 5 days on a row. Hoping this is back to the early days of the year. Not sure if this was just a continueation of last week, because other world markets were closed today. I think mainly europe. Either way was good day. Few new moves made for the day and also had some money settle. Thinking momentum will continue for a little. Netflix reported earnings today and they were good. This is a big momentum name and these stocks tend to move together. Getting close to PDT exemption. Will have to make some good trades from here to make that happen though.
OH account
Finally closed out of a really old position in INOD. Have been trying to sell this for a long time. At start of month when I wanted to start with a clean slate. Finally off the books and need to wait for this to settle before anything new for this account.
IB account
Got an end of day spike for MONA and sold while I had the chance. This was a wolf pick and sold it for a quick gain. Was looking like I may be holding for a while. as price action was not good until near the close. Glad I was monitoring this and got out easy. That is my main worry on OTC stocks like this.
Added more to my position in GOGO. Tried averaging up, and we will see how that works. Averaged up right before power hour and it closed below my buy price. I may have to work on my entry points when adding as my last attempt to add to a winning trade did not work. Still bagholding that. This is a momentum stock so neflix earnings may give it a boost.
Bought OCLR, is on a multiday breakout and I hope I didn't get in too late. Have a tight stop so won't lose much and stock is a slow mover. Looking at .15/day gain so far. Around 5% which actually isn't bad at all.
That was the moves today, another day of not using a day trade. Although OCLR was bought with intention it would be day trade. Will keep eye out for potential day trades tomorrow. Trying to stay away from NFLX but open to YOD if it gets any attention.
OH account
Finally closed out of a really old position in INOD. Have been trying to sell this for a long time. At start of month when I wanted to start with a clean slate. Finally off the books and need to wait for this to settle before anything new for this account.
IB account
Got an end of day spike for MONA and sold while I had the chance. This was a wolf pick and sold it for a quick gain. Was looking like I may be holding for a while. as price action was not good until near the close. Glad I was monitoring this and got out easy. That is my main worry on OTC stocks like this.
Added more to my position in GOGO. Tried averaging up, and we will see how that works. Averaged up right before power hour and it closed below my buy price. I may have to work on my entry points when adding as my last attempt to add to a winning trade did not work. Still bagholding that. This is a momentum stock so neflix earnings may give it a boost.
Bought OCLR, is on a multiday breakout and I hope I didn't get in too late. Have a tight stop so won't lose much and stock is a slow mover. Looking at .15/day gain so far. Around 5% which actually isn't bad at all.
That was the moves today, another day of not using a day trade. Although OCLR was bought with intention it would be day trade. Will keep eye out for potential day trades tomorrow. Trying to stay away from NFLX but open to YOD if it gets any attention.
Thursday, April 17, 2014
4/17/14
Markets were good again today and actually felt good. Previous days seemed like so much was still down didn't matter overall market was up. Today felt like things picking back up and correction may to over for now. But it is a long weekend so don't know how everyone will react next week. Rumor was it would be light volume this week because it is short and back to panic time next week. Hope not as I am exposed. Big IPO that took off for a little and then faded pretty good as well. If it can shoot up again may help my IPO play from a week ago, KANG.
Sold my KEG position for a loss. Lost about 20 bucks and done holding this.
Didn't sell DEJ when I had the chance. Listened to an update call they put on and it was not good overall. Had a pop at the start of the call but that was it. Mentioned new well and its production (oil) but they have limited cash. Made it seem like a financing deal will be coming. Don't know when but I think it will be coming. Hoping an article detailing well production comes out as it is a big one, especially with prices right now. So underwater here and should have already gotten out.
Bought GOGO. They got upgraded by analyst and got a jump in price. I did not have a good entry, was trying to wait for it to hit new highs on the day to trade but didn't. I also planned it on being a day trade, but now holding it overnight. Have confidence it long term so okay with holding for now. Hoping for a pop on monday (strong close today) to sell into. Looking at around 18.30 for selling point.
Also bought MONA. Wolf pick and this time I think am in earlier. Didn't research but I believe they are on the verge of a reverse split. I've seen this spike the price after the reverse split so we shall see. I bought high on this one too, and am scared now because it was up over 100% today. Should not have bought so high but I believe in the power of the wolfpack and I will be selling before most of them do. Good part of them not believeing in selling for a loss.
Markets closed for Good Friday so nothing new tomorrow. Will get through some video lessons with free day and maybe start a new dvd.
Sold my KEG position for a loss. Lost about 20 bucks and done holding this.
Didn't sell DEJ when I had the chance. Listened to an update call they put on and it was not good overall. Had a pop at the start of the call but that was it. Mentioned new well and its production (oil) but they have limited cash. Made it seem like a financing deal will be coming. Don't know when but I think it will be coming. Hoping an article detailing well production comes out as it is a big one, especially with prices right now. So underwater here and should have already gotten out.
Bought GOGO. They got upgraded by analyst and got a jump in price. I did not have a good entry, was trying to wait for it to hit new highs on the day to trade but didn't. I also planned it on being a day trade, but now holding it overnight. Have confidence it long term so okay with holding for now. Hoping for a pop on monday (strong close today) to sell into. Looking at around 18.30 for selling point.
Also bought MONA. Wolf pick and this time I think am in earlier. Didn't research but I believe they are on the verge of a reverse split. I've seen this spike the price after the reverse split so we shall see. I bought high on this one too, and am scared now because it was up over 100% today. Should not have bought so high but I believe in the power of the wolfpack and I will be selling before most of them do. Good part of them not believeing in selling for a loss.
Markets closed for Good Friday so nothing new tomorrow. Will get through some video lessons with free day and maybe start a new dvd.
Wednesday, April 16, 2014
4/16/14
Better day for the market. Not much movement $ wise for me. Day after tax day bounce, as well as words from Yellen about the economy. Made it clear nothing is changing in foreseeable future. Unemployment numbers is the main concern and that needs to be fixed before rates will go up. Did not have an available day trade due to the stop loss being activated as a short position. My holdings ended green and has been first 3 day streak of the market being green in a while. Hoping tomorrow is a big day for the market and will try to sell off a position or two.
Bought DEJ-in oil and gas field. Which has been hot. Small position and hoping for gap and morning spike. Had a spike this morning and will try to sell at similar levels it reached today. Right now not looking to hold over long weekend. If low volume and stagnat all day will consider holding over weekend.
KEG-position I am worried about right now. Closed red for day and struggled middle of day. Hoping it hits $10 tomorrow and will sell for small gain. Not gonna get hurt by this stock as my position is small and price change so far still small. If current stop loss hits I lose like 35 bucks including commissions.
Thinking I need to finally pony up the rest of the money to hit 25K and be able to trade more freely. Will make decision tomorrow most likely. With the funds to be settled am close to being at the mark. Then with some success would buy textbook trading dvd and get access to nate's chat for a month.
Bought DEJ-in oil and gas field. Which has been hot. Small position and hoping for gap and morning spike. Had a spike this morning and will try to sell at similar levels it reached today. Right now not looking to hold over long weekend. If low volume and stagnat all day will consider holding over weekend.
KEG-position I am worried about right now. Closed red for day and struggled middle of day. Hoping it hits $10 tomorrow and will sell for small gain. Not gonna get hurt by this stock as my position is small and price change so far still small. If current stop loss hits I lose like 35 bucks including commissions.
Thinking I need to finally pony up the rest of the money to hit 25K and be able to trade more freely. Will make decision tomorrow most likely. With the funds to be settled am close to being at the mark. Then with some success would buy textbook trading dvd and get access to nate's chat for a month.
Tuesday, April 15, 2014
4/15/14
Whiplash kind of a day. Started with run up then long run down. Ended with a strong close up close to highs again. I think I heard biggest intraday recovery in last since 2008. Crazy market action but not much action for me. Don't have much to write so I'll get to it. But would like to promote traderfeed.blogspot.com, guy puts up a lot of helpful information for free on there. He has written a couple books and seems to have a good view on helping the mindset for traders.
Trimmed down my position size in MDCN again. Not as scared about it hurting me more as pot sector is bouncing now (along with market) and I've realized my losses for the most part. Bad decision to hold onto this one. Can get lucky if bounces huge and I mean huge to erase losses.
Tried a breakout play to hold overnight. Got a small position in KEG. I like the ticker and admittingly do not know what they do. This is simply a chart breakout play. Thinking it could run over the next few days and continue into more 52 week highs. Not a large position as I don't know the upside potential. Will get out for small loss if weak opening tomorrow. Down a penny from my buy right now which is nothing on a $10 stock.
Tomorrow may open up a day trade for me and could be a good one if I'm patient and markets continue higher. But market has been a seesaw so not holding my breath. Saw there were some pot pennies running and may try my hand at one.
Trimmed down my position size in MDCN again. Not as scared about it hurting me more as pot sector is bouncing now (along with market) and I've realized my losses for the most part. Bad decision to hold onto this one. Can get lucky if bounces huge and I mean huge to erase losses.
Tried a breakout play to hold overnight. Got a small position in KEG. I like the ticker and admittingly do not know what they do. This is simply a chart breakout play. Thinking it could run over the next few days and continue into more 52 week highs. Not a large position as I don't know the upside potential. Will get out for small loss if weak opening tomorrow. Down a penny from my buy right now which is nothing on a $10 stock.
Tomorrow may open up a day trade for me and could be a good one if I'm patient and markets continue higher. But market has been a seesaw so not holding my breath. Saw there were some pot pennies running and may try my hand at one.
Monday, April 14, 2014
4/14/14
More craziness from the markets today. Had gap up in indexes through weekend and then crapped out. Most of the day slightly higher than previous close, then we went red. Last half hour or so had a rampage. Could just be a short squeeze yet again. Doesn't seem like a direction will be chosen til next week. Some say they are impressed it held key support levels and others say it is failing to make new highs. Short week for the market as it is closed friday. Good to know going into rest of week. Also the start of earnings which will guild the market.
OH account
Took some of the settled money out to transfer to IB account and get closer to breaking 25k restrictions.
Also bought KANG-recent IPO that is heavily involved in healthcare in China. Came public in bad week(last week) and is not right at initial offering price. I think it can jump up again if market starts to rally and then again once its quiet period is over and they can release more activity/info on company's performance.
IB account
Had another mistake with their program and did not know I had an open order to short HPJ. This was my old stop loss from a position I closed on Friday. Bad news is that it forced me to use a day trade, because I did not mean to open position and think the outlook is still good for them. But I did see news on them offering more stock at a price of 5.05 and the price at the time was closer to 5.40. This is why the price was tanking and continued to all day. Part was market in general but even more so due to this news. So I covered after a slight gain on the day, so this did not hurt me monetarily just used a day trade.
Trimmed down my size a little in MDCN. Pot stock that is not recovering the way I want. Should have closed this position as soon as it turned against me. They have some good stuff in place but will take awhile for it to materialize and stock could continue to take a hit in the mean time.
Also bought small amount of VNRS. This stock has gotten aniliated last week. Was trading around 50 and I bought around 27.50. Has a large area to fill to be back on track and am happy waiting for this to happen. Has good analysts predictions so should just be a waiting game. This is why I am in small position. Hoping to sell around 40/share and ideally would be this week. But doubtful that fast, hope steady swing back up.
Will mainly just be watching tomorrow. Today's use of a day trade hurts cause I can only do 1 trade this week now (I think-have to check). Wouldn't feel as important with a full week of trading. But funds should hit my bank tomorrow and I can start the transfer to IB account. Monitoring day tomorrow and will be looking for a gap play and/or continued breakout play. Also hoping to sell off part of HOTR, had an order in today that did not get filled. Don't want to see my account going down as fast due to this. Has been a crow for me.
OH account
Took some of the settled money out to transfer to IB account and get closer to breaking 25k restrictions.
Also bought KANG-recent IPO that is heavily involved in healthcare in China. Came public in bad week(last week) and is not right at initial offering price. I think it can jump up again if market starts to rally and then again once its quiet period is over and they can release more activity/info on company's performance.
IB account
Had another mistake with their program and did not know I had an open order to short HPJ. This was my old stop loss from a position I closed on Friday. Bad news is that it forced me to use a day trade, because I did not mean to open position and think the outlook is still good for them. But I did see news on them offering more stock at a price of 5.05 and the price at the time was closer to 5.40. This is why the price was tanking and continued to all day. Part was market in general but even more so due to this news. So I covered after a slight gain on the day, so this did not hurt me monetarily just used a day trade.
Trimmed down my size a little in MDCN. Pot stock that is not recovering the way I want. Should have closed this position as soon as it turned against me. They have some good stuff in place but will take awhile for it to materialize and stock could continue to take a hit in the mean time.
Also bought small amount of VNRS. This stock has gotten aniliated last week. Was trading around 50 and I bought around 27.50. Has a large area to fill to be back on track and am happy waiting for this to happen. Has good analysts predictions so should just be a waiting game. This is why I am in small position. Hoping to sell around 40/share and ideally would be this week. But doubtful that fast, hope steady swing back up.
Will mainly just be watching tomorrow. Today's use of a day trade hurts cause I can only do 1 trade this week now (I think-have to check). Wouldn't feel as important with a full week of trading. But funds should hit my bank tomorrow and I can start the transfer to IB account. Monitoring day tomorrow and will be looking for a gap play and/or continued breakout play. Also hoping to sell off part of HOTR, had an order in today that did not get filled. Don't want to see my account going down as fast due to this. Has been a crow for me.
Friday, April 11, 2014
4/11/14
Markets finished at a tipping point. Next week will be volatile again. Can not afford to get into more swing positions. Need to get in, get out and on with the week. Think it will test the low of the year on nasdaq and russell. Today started off green then hit a wall and looked weak to close. Ending just below the 4000 mark.
HPJ-this was the only action today. Opened it yesterday hoping for a gap. Didn't get the gap but since I liked the stock held off selling at the bell. Did not gap down either so was safe play. Then started climbing little and pulled back. Once it reached earlier morning high I sold for small profit. Good little play and win in these rough waters that is the overall market.
Money did not settle yet in OH account so still waiting, some should settle monday and more tuesday. So will look to make moves next week and hopefully have access to those funds 2 weeks form now. Which will hopefully also be PDT clearance.
HPJ-this was the only action today. Opened it yesterday hoping for a gap. Didn't get the gap but since I liked the stock held off selling at the bell. Did not gap down either so was safe play. Then started climbing little and pulled back. Once it reached earlier morning high I sold for small profit. Good little play and win in these rough waters that is the overall market.
Money did not settle yet in OH account so still waiting, some should settle monday and more tuesday. So will look to make moves next week and hopefully have access to those funds 2 weeks form now. Which will hopefully also be PDT clearance.
Thursday, April 10, 2014
4/10/14
The markets did a do a switch-a-roo from the previous months. Good reaction initially then drop today. Markets lost all of the gains from the last 2 days. Nasdaq really got hit and lost about 3%. Will have to be careful with my positions and limit the number of open plays I have. I am also trying to teach myself how to average up. Have tried averaging down and lucked out when I got small gain. I know that is bad practice and have not done that since. Also know that averaging up is good. Get to add shares to your position and average lower than new buying price. But for now just need to work on good set ups to take overnight and profitable day trades when available. Could be tough sledding for a little or the market will continue to mess with everyone and have a good bounce tomorrow. Kinda the later right now.
DCTH- took a day trade on this one. Got in at a new high and it was stagnant for the next hour or so then started to move. This came on low volume so didn't know if I should trust it. Stalled again then finally took off for a second. I moved my stop loss to just above my buying price. This got hit when it did a dip-n-rip. So got out with very small gain. Better than a loss and if I didn't worry about PDT could have re-bought on way back up.
HPJ-at close opened a new position long for HPJ. This got clobbered today and is down around 10%, I think this is a bit much and too fast. So will look for a quick bounce tomorrow. Goal is more of a quick play than a big gainer. But do have faith in this stock if it continues lower. Trying not to hold for long though, could be tough decision tomorrow on if I sell or invest if continues to drop. Will read up on company again tonight and make my decision. Most likely stop the bleeding and sell though.
MDCN go killed today. A different pot stock got halted and the sector sold off scared. Wish I could average down right now, but will stick to rule of not averaging down. Will have to hold for a couple weeks now it seems. Thought would be a good day for them as they had a PR confirming more indor growing space and distribution for their products. Hopefully not bag holding too long. Everything seems to be ok with company and board seems legit.
Waiting for funds to settle in OH account and thinking I will transfer some more to IB.
DCTH- took a day trade on this one. Got in at a new high and it was stagnant for the next hour or so then started to move. This came on low volume so didn't know if I should trust it. Stalled again then finally took off for a second. I moved my stop loss to just above my buying price. This got hit when it did a dip-n-rip. So got out with very small gain. Better than a loss and if I didn't worry about PDT could have re-bought on way back up.
HPJ-at close opened a new position long for HPJ. This got clobbered today and is down around 10%, I think this is a bit much and too fast. So will look for a quick bounce tomorrow. Goal is more of a quick play than a big gainer. But do have faith in this stock if it continues lower. Trying not to hold for long though, could be tough decision tomorrow on if I sell or invest if continues to drop. Will read up on company again tonight and make my decision. Most likely stop the bleeding and sell though.
MDCN go killed today. A different pot stock got halted and the sector sold off scared. Wish I could average down right now, but will stick to rule of not averaging down. Will have to hold for a couple weeks now it seems. Thought would be a good day for them as they had a PR confirming more indor growing space and distribution for their products. Hopefully not bag holding too long. Everything seems to be ok with company and board seems legit.
Waiting for funds to settle in OH account and thinking I will transfer some more to IB.
Wednesday, April 9, 2014
4/9/14
Minutes from FOMC were released today...and the markets reacted positively to it. First time in months for the market's reaction to be positive. Don't know if it is shorts covering or people coming back in. This was the minutes from last months meeting, the one that sent the market scared. Limited exposure still seems key until a direction in the market is more clear.
OH account:
Sold HIL. Very small profit, but profit none the less. Was having trouble at a few levels climbing higher so I put my order there and HIL finally chewed through the sellers and shot up. Glad I played it on safe side but could have been better gain.
IB account:
sold most of my position in MDCN and also bought more of it. New buy is underwater and worried about an afterhour print at 3.80. Was at 4.15ish at close. Don't know what to make of this, but I'm worried.
Sold Body-had a panic and I sold as part of it. Stock is a week or so away from reaching a breakout. Should have cut earlier. May play again, with tight leash on it. Another extended loss that I have been trying to eliminate.
New gap hope play is ONNN. At a breakout and closed on a whole number. Hoping this hits scanners and gets a nice spike tomorrow. Will have a tight stop in place.
Hope markets continue tomorrow. Last few months on FOMC news markets reacted bad at start then picked up next day. Hopefully we don't get the ol switcharoo this time since markets responded positively today.
OH account:
Sold HIL. Very small profit, but profit none the less. Was having trouble at a few levels climbing higher so I put my order there and HIL finally chewed through the sellers and shot up. Glad I played it on safe side but could have been better gain.
IB account:
sold most of my position in MDCN and also bought more of it. New buy is underwater and worried about an afterhour print at 3.80. Was at 4.15ish at close. Don't know what to make of this, but I'm worried.
Sold Body-had a panic and I sold as part of it. Stock is a week or so away from reaching a breakout. Should have cut earlier. May play again, with tight leash on it. Another extended loss that I have been trying to eliminate.
New gap hope play is ONNN. At a breakout and closed on a whole number. Hoping this hits scanners and gets a nice spike tomorrow. Will have a tight stop in place.
Hope markets continue tomorrow. Last few months on FOMC news markets reacted bad at start then picked up next day. Hopefully we don't get the ol switcharoo this time since markets responded positively today.
Tuesday, April 8, 2014
4/8/14
Slow day as BODY struggled today. Did get another mention by Pedone in a street article but has not moved in my favor. Wish I would have cut this yesterday when it failed to breakout. Don't know if I'm just blaiming the PDT rule or if it really is holding me back on how I want to trade. So right now plan is to not let any more trades extend out like BODY is going to. Will go for more of the breakout plays I have had success with and close out to lock in profits. Could be more in the moves but I protect myself in locking in gains, meaning the trade won't end up going against me. Not sure how many overnight plays I will continue to do. Prolly play a few but with small position. Anyhow here was activity today.
OH account
Bought HIL. Was debating between HIL and BBW for which one to play. Settles on HIL and it had a good close, been kind of a slow breakout. Not sure if it will be best to put a stop loss at the close price meaning if it goes red on the day I will be out. Or hope for a spike and sell it into that. If it was in IB account I would sell into spike because that is a margin account, not cash. So I will monitor run up if it gets one and decide based on price action. If it hits above 6 I will most likely sell for small gain.
IB account
BODY was red and hurts me. Think it is near low so will hold. Breaking 1 and I am out for large loss. If it bumps up to my buying price I will downsize my position and hold that smaller one for regular gain.
IMRS same sort of story. But I have smaller position and a better placed stop loss. I am near that stop loss and expect it to hit tomorrow. This was red in a positive market(for a change).
bought MDCN in power hour hoping for a gap play. SA article on it and a pot play. This sector has run a lot before and still hot. Safest play is to sell on the first spike, which I think will happen. Good run into close, need to read the SA article though. Bought on action, not the story.
Tracking my plays in a little more detail now and if one proves to be more profitable, will focus on it and possibly add the remaining money needed to get over PDT rule. For now will be a spaced out process, market choppy anyways. Will benefit from limited moves right now. If I get more consistent with my plays will look at another subscription, this time for Nate. Seems to be good community and great ideas being thrown around in his rooms. Will hope to get his DVD and room package.
OH account
Bought HIL. Was debating between HIL and BBW for which one to play. Settles on HIL and it had a good close, been kind of a slow breakout. Not sure if it will be best to put a stop loss at the close price meaning if it goes red on the day I will be out. Or hope for a spike and sell it into that. If it was in IB account I would sell into spike because that is a margin account, not cash. So I will monitor run up if it gets one and decide based on price action. If it hits above 6 I will most likely sell for small gain.
IB account
BODY was red and hurts me. Think it is near low so will hold. Breaking 1 and I am out for large loss. If it bumps up to my buying price I will downsize my position and hold that smaller one for regular gain.
IMRS same sort of story. But I have smaller position and a better placed stop loss. I am near that stop loss and expect it to hit tomorrow. This was red in a positive market(for a change).
bought MDCN in power hour hoping for a gap play. SA article on it and a pot play. This sector has run a lot before and still hot. Safest play is to sell on the first spike, which I think will happen. Good run into close, need to read the SA article though. Bought on action, not the story.
Tracking my plays in a little more detail now and if one proves to be more profitable, will focus on it and possibly add the remaining money needed to get over PDT rule. For now will be a spaced out process, market choppy anyways. Will benefit from limited moves right now. If I get more consistent with my plays will look at another subscription, this time for Nate. Seems to be good community and great ideas being thrown around in his rooms. Will hope to get his DVD and room package.
Monday, April 7, 2014
4/7/14
Little bit better day for me as my number of open positions is fewer than was typical before. Being mostly cash right now feels good and much safer. I woke up late today but it didn't hurt me. I had an order fill premarket which I thought was just a wishful order to cover my short over the weekend. I covered some other positions but these were for small losses. These losses were kept small and won't kill my account.
OH account
Sold position in PESI. My stop loss was hit and ended up down around $30 on this which has been open for about 2 weeks. Only 1 position open in this account right now.
IB account
bought to cover WATT. This was the accidental position that I let breath to not use a day trade. Ended up being a dollar/share win. Best mistake I could have made. Low of the day was premarket and about a nickle from my buying price. Again, lucky but I'll take it.
Sold VTNR for about breakeven. Was originally going to be a day trade that I got into with super but turned into a swing. Sold a little early as it ended up spiking a little and could have had profit. Thats alright, small loss on this. Under 50 is fine with me.
Used a day trade on RDNT. Was a breakout play that continued for a little and I played pretty well. Sold at 3.91 and high was 3.97, hardly any volume up there but it touched it. Kept moving my stop loss up and got a good gain. Happy with trade and found this play myself. Will continue to look for these every other day, would be everyday if no PDT limitations.
Also bought BODY. Been some noise about hedge funds coming into this company and they are on the verge of a breakout. I bought during a failed breakout and still holding. Ended the day even, where it closed on friday. Volume is up some, hopefully this will continue to pour in. Also alert from Pedone, so in article on street and his social media posts.
OH account
Sold position in PESI. My stop loss was hit and ended up down around $30 on this which has been open for about 2 weeks. Only 1 position open in this account right now.
IB account
bought to cover WATT. This was the accidental position that I let breath to not use a day trade. Ended up being a dollar/share win. Best mistake I could have made. Low of the day was premarket and about a nickle from my buying price. Again, lucky but I'll take it.
Sold VTNR for about breakeven. Was originally going to be a day trade that I got into with super but turned into a swing. Sold a little early as it ended up spiking a little and could have had profit. Thats alright, small loss on this. Under 50 is fine with me.
Used a day trade on RDNT. Was a breakout play that continued for a little and I played pretty well. Sold at 3.91 and high was 3.97, hardly any volume up there but it touched it. Kept moving my stop loss up and got a good gain. Happy with trade and found this play myself. Will continue to look for these every other day, would be everyday if no PDT limitations.
Also bought BODY. Been some noise about hedge funds coming into this company and they are on the verge of a breakout. I bought during a failed breakout and still holding. Ended the day even, where it closed on friday. Volume is up some, hopefully this will continue to pour in. Also alert from Pedone, so in article on street and his social media posts.
Friday, April 4, 2014
4/4/14
Markets were crazy again today. Hit some all time highs on DOW and S&P then panic hit. Hardest hit was the nasdaq, which is bad for me because almost everything I play is nasdaq. So was another bad day for me. Mainly due to 1 stock hurting me. I did sell it at the end, earnings caught me off gaurd and they were bad. I need to honor stop losses. I need to start putting them into my platform because I have been ignoring mental stops. Hopefully this will take some of the emotion out of it.
Closed position on WATT in 2 different transactions. First was for a gain, second one was when my stop hit. I forgot to change the quantity on my stop loss so I am actually now short this stock. I didn't close out my unintentional short because at close it is working in my favor. Also small value and not worried about losing much from it. Was not worth using a day trade on.
Sold SCOG. This is the one mentioned earlier that was killing me. Its done now. Time to get disiplined and turn this around. Stop losses need to be in place.
No other action on other holdings. Will also start to move towards shorting more instead of always going long.
Closed position on WATT in 2 different transactions. First was for a gain, second one was when my stop hit. I forgot to change the quantity on my stop loss so I am actually now short this stock. I didn't close out my unintentional short because at close it is working in my favor. Also small value and not worried about losing much from it. Was not worth using a day trade on.
Sold SCOG. This is the one mentioned earlier that was killing me. Its done now. Time to get disiplined and turn this around. Stop losses need to be in place.
No other action on other holdings. Will also start to move towards shorting more instead of always going long.
Thursday, April 3, 2014
4/3/14
Low volume on my stocks. Something I'm not that comfortable with. It leads to big movements and if against me really pisses me off. My holdings were moving with the markets and as a result are down. Not worried about them just yet though.
OH account
Only got a partial fill on INOD. Have held this stock for too long, it is not performing so its needs to go bye bye. Still have majority of position. At this rate will take a green day in the markets for me to get out.
Other holding PESI, closed red on the day, but only by a penny. So not worried about it just yet, it is also close to breakever and spent majority of the day in the green. Started day high, may hit my target if it does so again tomorrow.
IB account
Bought VTNR-was a play that super did. He regreted it after, was supposed to be day trade. Thought I got in at a good price but didn't work out. This one followed the market and is underwater right now. Will monitor tomorrow.
Bought IMRS-rich play. Started to get a little spike then fell back. Closed green and will try to keep it until it goes red. May sell before hand if it gets a spike. Was downtrending and now looks like it put a bottom in. Most likely will not look for much out of the trade, but do expect a small gain.
Bought WATT-more or less an overnight play. If it is up big in premarket I may sell when I wake up. Will see, has a history of spiking and is near breakout levels. In around 14.75 and breakout would be 15. Last fill was 14.90 as I type. Will be selling tomorrow. Need to get back on track with a win here.
Didn't end up using a day trade, so I have that option open tomorrow as well. I can look for a play specific to a day trade, not a swing that could get an initial spike.
OH account
Only got a partial fill on INOD. Have held this stock for too long, it is not performing so its needs to go bye bye. Still have majority of position. At this rate will take a green day in the markets for me to get out.
Other holding PESI, closed red on the day, but only by a penny. So not worried about it just yet, it is also close to breakever and spent majority of the day in the green. Started day high, may hit my target if it does so again tomorrow.
IB account
Bought VTNR-was a play that super did. He regreted it after, was supposed to be day trade. Thought I got in at a good price but didn't work out. This one followed the market and is underwater right now. Will monitor tomorrow.
Bought IMRS-rich play. Started to get a little spike then fell back. Closed green and will try to keep it until it goes red. May sell before hand if it gets a spike. Was downtrending and now looks like it put a bottom in. Most likely will not look for much out of the trade, but do expect a small gain.
Bought WATT-more or less an overnight play. If it is up big in premarket I may sell when I wake up. Will see, has a history of spiking and is near breakout levels. In around 14.75 and breakout would be 15. Last fill was 14.90 as I type. Will be selling tomorrow. Need to get back on track with a win here.
Didn't end up using a day trade, so I have that option open tomorrow as well. I can look for a play specific to a day trade, not a swing that could get an initial spike.
Wednesday, April 2, 2014
4/2/14
Pretty uneventful day again. Seems to be how it will be for a while. Limited in my action due to PDT rule. However been moving some funds around and getting closer to account size needed to trade freely. Nasdaq been down, but S&P has been going up. Closed at new highs today.
Today's activity:
Sold FORD-held onto this too long for my new strategy. Let go red and didn't cut. Had to pay for it today when I sold my shares. Another loss, as they keep on piling on.
Overnight play today was SGOC. Had a good close and very positive SA article on it. Hoping finally get to take advantage of one of these overnight plays. Been on a losing streak for them as well as normal plays. Hoped would close over 4 but ended just shy. Early aftermarket action pushed little above 4 so gap is definite possibility. Stock also has history of going nutty on earnings. Spiking over 100%.
Just saw they reported bad earnings afterhours. This one is gonna hurt, yet another loser. Without PDT regulations could have been out with 50 profit. Now looking to loose 300+
Today's activity:
Sold FORD-held onto this too long for my new strategy. Let go red and didn't cut. Had to pay for it today when I sold my shares. Another loss, as they keep on piling on.
Overnight play today was SGOC. Had a good close and very positive SA article on it. Hoping finally get to take advantage of one of these overnight plays. Been on a losing streak for them as well as normal plays. Hoped would close over 4 but ended just shy. Early aftermarket action pushed little above 4 so gap is definite possibility. Stock also has history of going nutty on earnings. Spiking over 100%.
Just saw they reported bad earnings afterhours. This one is gonna hurt, yet another loser. Without PDT regulations could have been out with 50 profit. Now looking to loose 300+
Tuesday, April 1, 2014
4/1/14
More housekeeping today and trying to close old positions. Have 2 left that need to be trimmed that I've been holding onto for a while. But also cut some more today. Markets were up again and had a good close, should be good day for markets tomorrow. Bad news for me is I used a day trade today and will only look for an overnight play tomorrow. Here was todays action.
OH account-
Bought a new stock. CBAK-this is a play off of HPJ, which I also traded but not very successfully. I'll recap that trade later. CBAK was going to be a day trade as well but had a good closing and I think could gap. As it is a profitable trade at close. Will try to exit into a spike tomorrow.
IB account-
exited position in ERBB-was a wolf pick and I think I was too late to party on these. None have really performed for me so cutting all of them.
Bought HPJ-stock was breaking out and was a previously played stock. Bought the breakout then moved stop loss up to make sure I did not lose money on trade. I ended up moving stop loss to far up, meaning not giving the price action enough room and got stopped out for small gain. Under 20 bucks so few cents per share. Could have been close to 75 cents per share win if timed properly.
Sold SPLI-had a hard time selling this. Ended up just doing a market order to get rid of it. wold pick and late to the party. Bad loss for me.
Sold ICBU-was a fake wolf pick I guess. Apparently he only said it looked good, not that he was buying it. So other followers did not buy and left me with a loss. Glad to be out, now just have to make up for lost time/money.
Number of positions open has been getting lower and still plan to do more day trades and overnight plays. Cutting losses faster, even though it is harder than it sounds. Hate seeing the stock up over the price I bought after I sold for a loss. Need to work on this aspect...a lot. Know it will not be easy, need to remove emotion from position but hard to do with money. Wish my losses lately would have been april fools jokes but they aren't. My trading has been an aprils fools joke, need to get back on the right track.
OH account-
Bought a new stock. CBAK-this is a play off of HPJ, which I also traded but not very successfully. I'll recap that trade later. CBAK was going to be a day trade as well but had a good closing and I think could gap. As it is a profitable trade at close. Will try to exit into a spike tomorrow.
IB account-
exited position in ERBB-was a wolf pick and I think I was too late to party on these. None have really performed for me so cutting all of them.
Bought HPJ-stock was breaking out and was a previously played stock. Bought the breakout then moved stop loss up to make sure I did not lose money on trade. I ended up moving stop loss to far up, meaning not giving the price action enough room and got stopped out for small gain. Under 20 bucks so few cents per share. Could have been close to 75 cents per share win if timed properly.
Sold SPLI-had a hard time selling this. Ended up just doing a market order to get rid of it. wold pick and late to the party. Bad loss for me.
Sold ICBU-was a fake wolf pick I guess. Apparently he only said it looked good, not that he was buying it. So other followers did not buy and left me with a loss. Glad to be out, now just have to make up for lost time/money.
Number of positions open has been getting lower and still plan to do more day trades and overnight plays. Cutting losses faster, even though it is harder than it sounds. Hate seeing the stock up over the price I bought after I sold for a loss. Need to work on this aspect...a lot. Know it will not be easy, need to remove emotion from position but hard to do with money. Wish my losses lately would have been april fools jokes but they aren't. My trading has been an aprils fools joke, need to get back on the right track.
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