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.