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.