More positive moves from the market and more more negative moves from me. Over traded today and need to limit amount of trades I take on in the day. 100 dollars of commission and fees is not good. Lots of action today, so here the recap.
IB account
daytrade-DYAX-had small profit that I did not take. Hoping for big breakout that did not happen. Got stopped out for a loss.
WATT- nice news released today and was able to exit position. I sold some shares lower than planned, because I didn't think this spike would continue and wanted to limit the downside. Ended up hitting my target, so could have better gain. Glad to be out, if I re enter will be at a much better price for this spikey stock.
DARA- took an overnight position on this. Was up nearly 100% on the day, so I probably should not have bought. Small position in part because of this, hoping for a morning run or possible gap up. Looks to gap down right now.
FCEL- another other night long position. Sector is getting some attention again. Will also look to play PLUG and maybe HPJ if setup is right. Closed around high of day and looks more promising than DARA right now. Look to sell both early in day tomorrow.
ST account
ended red again. My daily loses this week have been in check, its the commission and fees taking me down.
Wednesday, May 28, 2014
Tuesday, May 27, 2014
5/27/14
Good day for the markets today. Got some new all time highs. Really close to 13 year highs in QQQ. Starting to believe the past few months were just a pullback, and bull market still here. Looking forward to hearing what Tim has to say about it. Superman's swing and that room have been doing very well. Ready for my next swing position alongside them.
OH account
KANG- sold this after a little gain today. Been holding this for a while and has not had good action. Up nicely on the day. May continue its ramp up, but happy to be out after being underwater for a while on it.
IB account
waiting to see if I got filled for IGC. Tried to get a position to take overnight, didn't fill regular hours so left it open after hours. Day trade should open up tomorrow.
ST account
Bad day for me. Too many trades and commissions hit me. Red day for me. Did good on LIVE, but lost pretty much every other trade.
Need to be more careful with how many trades I take tomorrow. That is for going forward in general. Hopefully better rest of the week. Will be nice to have nate back in the room for guidance next week. Proved not ready to fly alone.
OH account
KANG- sold this after a little gain today. Been holding this for a while and has not had good action. Up nicely on the day. May continue its ramp up, but happy to be out after being underwater for a while on it.
IB account
waiting to see if I got filled for IGC. Tried to get a position to take overnight, didn't fill regular hours so left it open after hours. Day trade should open up tomorrow.
ST account
Bad day for me. Too many trades and commissions hit me. Red day for me. Did good on LIVE, but lost pretty much every other trade.
Need to be more careful with how many trades I take tomorrow. That is for going forward in general. Hopefully better rest of the week. Will be nice to have nate back in the room for guidance next week. Proved not ready to fly alone.
Thursday, May 22, 2014
5/22/14
Markets be green again sucka. All of the indexes ended up green, but not by much and supposedly on light volume. Figured would be on light volume with memorial day coming monday. Good time for a long weekend. Am only planning on trading in the morning tomorrow as I expect most people to take off early. Lets see how the day went.
IB:
sold TSL-tried to give it a chance and swing in my favor. Had the opportunity for a profit but did not take it. Sold for a loss, not the best start to the day.
daytrade-Shorted APOL-got word of big rumors around this stock and a large fund shorting them. Chased a little to get in, missed entrance from earlier. Covered once I moved my stop loss down. It got triggered but I moved it to make sure I profited from this trade. Was a small profit, could have been a large win if I wasn't stopped out. But profit is profit. I'll take the win.
ST:
First day using this account. As I will try to keep reminding myself. Focus on good trades and do not over trade. Commissions will add up and erase wins. Will not give as much info on these trades in this account.
MY-tried to go long and had steady downtrend.
Short MYGN-took forever for it to crack, but nice move.
ROYL-shorted for fader-should have held longer-only got small part of the move.
Overall green today
IB:
sold TSL-tried to give it a chance and swing in my favor. Had the opportunity for a profit but did not take it. Sold for a loss, not the best start to the day.
daytrade-Shorted APOL-got word of big rumors around this stock and a large fund shorting them. Chased a little to get in, missed entrance from earlier. Covered once I moved my stop loss down. It got triggered but I moved it to make sure I profited from this trade. Was a small profit, could have been a large win if I wasn't stopped out. But profit is profit. I'll take the win.
ST:
First day using this account. As I will try to keep reminding myself. Focus on good trades and do not over trade. Commissions will add up and erase wins. Will not give as much info on these trades in this account.
MY-tried to go long and had steady downtrend.
Short MYGN-took forever for it to crack, but nice move.
ROYL-shorted for fader-should have held longer-only got small part of the move.
Overall green today
Wednesday, May 21, 2014
5/21/14
Markets seemed to act nicely for most people today. Not a whole lot from me, mainly just watching. Superman's chat was crazy today. Seemed like anything being mentioned in there exploded shortly after. I think superman ended the day up something like 150K. Just insane. Ihttp://profit.ly/guru/superman?aff=4078 If you want to check him out. Will be moving forward with my new suretrader account tomorrow. They wanted me to wait to open up the platform, so I will try to get it set up tonight at some point.
covered VNCE-slow mover all day. I thought the lockup ending would bring in better volume today...nope. Hit a low of 24.19, but not where my order was waiting. Ended up covering about 2 hours left in day. Bought at low of the range it ended in. Just a about 10 cents a share profit. Again not a big winner, but not a loser.
Bought TSL-this is a play Tim is also in. I am hoping for a gap tomorrow and will take it off. Just playing hoping for a spike and or gap. Closed alright, so maybe. Not a lot of action in after hours so don't think it will move much tomorrow before opening bell. Need to stop playing so many 3 letter stocks. Do not like AMEX that much. Don't feel like they trade the same.
http://profit.ly/guru?aff=4078
covered VNCE-slow mover all day. I thought the lockup ending would bring in better volume today...nope. Hit a low of 24.19, but not where my order was waiting. Ended up covering about 2 hours left in day. Bought at low of the range it ended in. Just a about 10 cents a share profit. Again not a big winner, but not a loser.
Bought TSL-this is a play Tim is also in. I am hoping for a gap tomorrow and will take it off. Just playing hoping for a spike and or gap. Closed alright, so maybe. Not a lot of action in after hours so don't think it will move much tomorrow before opening bell. Need to stop playing so many 3 letter stocks. Do not like AMEX that much. Don't feel like they trade the same.
http://profit.ly/guru?aff=4078
Tuesday, May 20, 2014
5/20/14
indexes crash boom bang. Down the stairs they go. Small caps feel a little better now. Could be money moving back into small caps from large caps. Which would be good for my plays and focus. Markets to downside led by Dow, so big guys getting hit right now. Most likely an ugly week for them as the long weekend gets closer.
PAL-sold as it made a decent run about an hour or so into the day. Sold little under 28, in from the 25s. Good play and gain on a small position. Good call Mr Pedone.
QTWW-covered pretty much as fast as I could. The panic I was hoping for came a lot later than I planned. So covered for a few cents profit. Could have have about 30/share. But out with tiny profit. Nice to have it not go perfectly as planned and have profit.
P-used a daytrade here. Bought at great entry near bottom. Had a quick gain so I locked in some profit and raised stop. Then stop got triggered before it went on its big run. Would have been a monster trade for me had I stayed in. Still a little profit for me and makes it a good day.
VNCE-started a short position. Lockup period expires tomorrow and hoping some of these newly introduced shares find way into the market. Easier said by saying I hope these shareholders sell at least part of their position. Got in right around the support level of 24.50. Has to break this for a profit, but I think if it does break through this it can have a large move. Thats why I'm in.
Money sent to suretrader yesterday, waiting on their confirmation. Then will have little more activity. Biggest enemy will be overtrading, so will aim at about 3 trades a day. My other accounts will be an additional trade when available. Can really start watching Nate and others in InvestorsUnderground room. http://profit.ly/guru/investorsunderground?aff=4078
PAL-sold as it made a decent run about an hour or so into the day. Sold little under 28, in from the 25s. Good play and gain on a small position. Good call Mr Pedone.
QTWW-covered pretty much as fast as I could. The panic I was hoping for came a lot later than I planned. So covered for a few cents profit. Could have have about 30/share. But out with tiny profit. Nice to have it not go perfectly as planned and have profit.
P-used a daytrade here. Bought at great entry near bottom. Had a quick gain so I locked in some profit and raised stop. Then stop got triggered before it went on its big run. Would have been a monster trade for me had I stayed in. Still a little profit for me and makes it a good day.
VNCE-started a short position. Lockup period expires tomorrow and hoping some of these newly introduced shares find way into the market. Easier said by saying I hope these shareholders sell at least part of their position. Got in right around the support level of 24.50. Has to break this for a profit, but I think if it does break through this it can have a large move. Thats why I'm in.
Money sent to suretrader yesterday, waiting on their confirmation. Then will have little more activity. Biggest enemy will be overtrading, so will aim at about 3 trades a day. My other accounts will be an additional trade when available. Can really start watching Nate and others in InvestorsUnderground room. http://profit.ly/guru/investorsunderground?aff=4078
Monday, May 19, 2014
5/19/14
I think all the markets were up today. Not the usual having one or two lacking behind and red while the others are green. I got some funds together to start an account with suretrader. Will post on how I am liking them once it is set up and I have a trial period. Excited to get past the PDT rule through them. Been stalling out on other account trying to reach it. Will be able to utilize investorsunderground more with this capability.
Bought PAL-idea from a pedone pick. Bought in last hour of trading. Saw some bigger volume bars coming in and think this has potential to get a little spike tomorrow. Not looking for big win, but should get a little run tomorrow. Chart put in what looks like a bottom.
Short QTWW-little fade right at close. Hoping that is reason for people to sell at open. Will cover quickly tomorrow morning as I hear people really liking this stock. Just need a quick drop to have a profit. Will be quick on trigger.
Wanted to short NVGS but forgot. Another lockup expiration play. Didn't hear anything about this one, but it is also freeing up a large number of shares. Thought about trying to get in afterhours but I would rather simply miss this opportunity than chase from here.
Bought PAL-idea from a pedone pick. Bought in last hour of trading. Saw some bigger volume bars coming in and think this has potential to get a little spike tomorrow. Not looking for big win, but should get a little run tomorrow. Chart put in what looks like a bottom.
Short QTWW-little fade right at close. Hoping that is reason for people to sell at open. Will cover quickly tomorrow morning as I hear people really liking this stock. Just need a quick drop to have a profit. Will be quick on trigger.
Wanted to short NVGS but forgot. Another lockup expiration play. Didn't hear anything about this one, but it is also freeing up a large number of shares. Thought about trying to get in afterhours but I would rather simply miss this opportunity than chase from here.
Friday, May 16, 2014
5/16/14
Had a great start to the morning. Woke up to some good gains. Also some follow through with SUMR. After that did not do much. Trying to prepare for the high school playoff game tomorrow night. So going over game film and what not, and not paying close attention to the market. Did see they ended up on the day. Just have to hope for some follow through into next week. Russel still damn close to correction levels, so will not be holding my breath.
After hours yesterday I got a short off on JCP. Great entry around 10.50 and covered in premarket around 9.75. Nice quick gain in the premarket and afterhours land. Could have held it all day for little more gain, but got meat of the move and happy with it. Was afraid it could spike.
Sold SUMR- had a little follow through from yesterday and actually spiked more after I sold. This has had a nice run after reporting good earnings.
Covered ZU finally. Had chance at profit on day lockup expired and only took half. Been staying high ever since and not moving way I want. Gets a fade in morning then ramps back up in afternoon. Didn't mean to cover exactly like I did...was trying to set up a stop. Turned out I got covered at a great place though. Only couple pennies off of the day low. Slight loss on this trade when all is said and done. Glad to be out and not worrying about being bought in.
Finally getting some paperwork together to open a suretrader account.
After hours yesterday I got a short off on JCP. Great entry around 10.50 and covered in premarket around 9.75. Nice quick gain in the premarket and afterhours land. Could have held it all day for little more gain, but got meat of the move and happy with it. Was afraid it could spike.
Sold SUMR- had a little follow through from yesterday and actually spiked more after I sold. This has had a nice run after reporting good earnings.
Covered ZU finally. Had chance at profit on day lockup expired and only took half. Been staying high ever since and not moving way I want. Gets a fade in morning then ramps back up in afternoon. Didn't mean to cover exactly like I did...was trying to set up a stop. Turned out I got covered at a great place though. Only couple pennies off of the day low. Slight loss on this trade when all is said and done. Glad to be out and not worrying about being bought in.
Finally getting some paperwork together to open a suretrader account.
Thursday, May 15, 2014
5/15/14
Bad day for me...bad day for the markets. Blood everywhere. Did not follow rules and had chance to minimize losses. Wanted to be right and did not get out with a scratch. Let it become a gash.
Sold WWE- sold for a loss early in day. Did not think it was coming back. This one I did keep loss small and it came back later in day when rumors of deal came back. Damn
Tried to short AXAS. Got in at low, then it had one hell of a pop on me. I moved my stop higher not once but twice. I screwed it up big time and have to pay for it. Sucks to suck. Also should have averaged in to the position instead of going in guns blazing. Need to remember to do that on lower priced stocks.
Mad about not following rules and loosing money. I should not have moved my stop. It would have save me a lot of money. Need to keep emotions in check. Glad I had mindset to short in market activity, but bad timing. Would have been great timing if I bought. Need to learn from these mistakes and only take loses once from these.
Sold WWE- sold for a loss early in day. Did not think it was coming back. This one I did keep loss small and it came back later in day when rumors of deal came back. Damn
Tried to short AXAS. Got in at low, then it had one hell of a pop on me. I moved my stop higher not once but twice. I screwed it up big time and have to pay for it. Sucks to suck. Also should have averaged in to the position instead of going in guns blazing. Need to remember to do that on lower priced stocks.
Mad about not following rules and loosing money. I should not have moved my stop. It would have save me a lot of money. Need to keep emotions in check. Glad I had mindset to short in market activity, but bad timing. Would have been great timing if I bought. Need to learn from these mistakes and only take loses once from these.
Wednesday, May 14, 2014
5/14/14
Markets red again. Small caps shot down again. Not much in that bounce it seems. Found myself wanting to get long too much. Need to focus more on what works, shorting extended charts. Especially with pops. But I also did get squeezed pretty big on ZU. So here we go:
covered half of ZU. Got a decent cover in mid 30s but then let it ride. CLosed the day around 35, which is way off my buy. Glad I only have a small position, and trying to be patient with the small remainder of shares borrowed. May be at risk of getting bought in over next few days but I don't think this spike will last. Started the day down like 6% and closed up around 8%. Big spread, hoping it fades and slowly goes back down. That way it won't get much attention.
Sold part of WATT. They announced earnings today and had their conference call. Listened to call but not very much there. They are still very early in the process of making money. They did announce that they have a few MOU's signed which is big but not much else. They are very small number wise and don't think it will get anything huge for a little. Mass opportunity still there, but announcements may be months away. Hoping they PR some patents they spoke of. Trying to get out when I can.
Bought WWE. Rumors of them having a new TV deal, spiked the stock during power hour. Insane volume compared to rest of day. Trying to sell at open tomorrow. Expect this to spike quickly then drop. Just want to get tagged out during that spike.
News on WWE brought to my attention, and before anywhere else curtesy of investors underground room. Join!
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covered half of ZU. Got a decent cover in mid 30s but then let it ride. CLosed the day around 35, which is way off my buy. Glad I only have a small position, and trying to be patient with the small remainder of shares borrowed. May be at risk of getting bought in over next few days but I don't think this spike will last. Started the day down like 6% and closed up around 8%. Big spread, hoping it fades and slowly goes back down. That way it won't get much attention.
Sold part of WATT. They announced earnings today and had their conference call. Listened to call but not very much there. They are still very early in the process of making money. They did announce that they have a few MOU's signed which is big but not much else. They are very small number wise and don't think it will get anything huge for a little. Mass opportunity still there, but announcements may be months away. Hoping they PR some patents they spoke of. Trying to get out when I can.
Bought WWE. Rumors of them having a new TV deal, spiked the stock during power hour. Insane volume compared to rest of day. Trying to sell at open tomorrow. Expect this to spike quickly then drop. Just want to get tagged out during that spike.
News on WWE brought to my attention, and before anywhere else curtesy of investors underground room. Join!
http://profit.ly/guru/investorsunderground?aff=4078
Tuesday, May 13, 2014
5/13/14
Little follow through on the bounce today. Superman seems to think it is time to be bullish again. he was making moves, I was not making many. Was too late on an idea for a gapper. So only real action was a short for tomorrow.
Sold ISIS. Sold very early, got scared out when opened in emotional panic. Need to learn to wait for an actual direction, not just people orders being filled from overnight. Could have held for bigger gain, but had large position and sold for very small profit. Basically breakeven, but better than a loss since I got scared out.
Opened up a short of ZU. Big lockup ends tomorrow and think lot of insiders will look to lock in some gains. Playing it cause I missed on TWTR and would have been right for about $3/share. Lets see how this goes. Hope it doesn't squeeze.
Sold ISIS. Sold very early, got scared out when opened in emotional panic. Need to learn to wait for an actual direction, not just people orders being filled from overnight. Could have held for bigger gain, but had large position and sold for very small profit. Basically breakeven, but better than a loss since I got scared out.
Opened up a short of ZU. Big lockup ends tomorrow and think lot of insiders will look to lock in some gains. Playing it cause I missed on TWTR and would have been right for about $3/share. Lets see how this goes. Hope it doesn't squeeze.
Monday, May 12, 2014
5/12/14
BOING! Nice bounce from the markets today. Led by none other than the russel and small caps! Good news regarding these stocks finally. Russel had a 2% or so pop and nasdaq was also up big on the day. Hope there is some follow through here. Correction may not be here after all. Not to much activity from me today because I spent a chunk of the day cleaning the house. Some things more important than the market. Also got to love the flexibility of trading.
Sold IDN. Emotion panic at starting minutes, did not sell premarket. Would have been a good choice had I put a order in over the weekend. Sold in 2 chunks because intial plan this morning was to cover half and see where it goes from there. Both sales were at about same price. Nice little gain with limited risk over weekend. No articles came out on app, which could have really spiked it and make me one happy camper.
Bought ISIS. Was on intraday breakout and hoping it would get a good spike. Did not really get that action, did not sell at close of market but have a close sell order for after market hours/premarket. I saw I got partial fill. Feel good about getting the rest of it filled. At least for now, risk is limited from that after market fill. Will be considered a day trade because of the after hours fill. That was the plan for this trade so no big deal there. Lets keep on winning.
Getting closer to opening an account with suretrader, just due to ability to get around PDT rule. Also feel a lot better about my trading, having a better mindset about my risk tolerance in each trade. I am scalping more than before, but all within my tolerance.
http://profit.ly/guru/investorsunderground?aff=4078
Sold IDN. Emotion panic at starting minutes, did not sell premarket. Would have been a good choice had I put a order in over the weekend. Sold in 2 chunks because intial plan this morning was to cover half and see where it goes from there. Both sales were at about same price. Nice little gain with limited risk over weekend. No articles came out on app, which could have really spiked it and make me one happy camper.
Bought ISIS. Was on intraday breakout and hoping it would get a good spike. Did not really get that action, did not sell at close of market but have a close sell order for after market hours/premarket. I saw I got partial fill. Feel good about getting the rest of it filled. At least for now, risk is limited from that after market fill. Will be considered a day trade because of the after hours fill. That was the plan for this trade so no big deal there. Lets keep on winning.
Getting closer to opening an account with suretrader, just due to ability to get around PDT rule. Also feel a lot better about my trading, having a better mindset about my risk tolerance in each trade. I am scalping more than before, but all within my tolerance.
http://profit.ly/guru/investorsunderground?aff=4078
Friday, May 9, 2014
5/9/14
I think all the indexes ended in the green. The chop still continues. Russel (small caps) is on the brink of correction levels. This helps explain why the markets seems to be red everywhere. Straight murder scene for most positions. Got some action in with suretrader demo and had some good success as well. Been using a similar size to what I plan on putting into a new account and ended up around 5% on total account had today been real. Played a few extra moves than I would if real, but would have ended positively had it been real.
Covered my short of EKSO. Conference call I was on did not move the stock at all. They focused on who they were, maybe to take attention away from stock performance? Anyways, slow fade on the price at the open. Got my cover in as I was worried it would pick up. Could move fast because not much volume traded. Good gain.
Bought some IDN right at the close. Chased a little, but was watching this, waiting for it to break out. Little late when it finally did, was not getting filled. I do not get very good fills on AMEX stocks. in at .75, and has potential to gap. Just looking for a continued breakout at the open on Monday.
Enjoy the weekend and happy mother's day Mom.
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Covered my short of EKSO. Conference call I was on did not move the stock at all. They focused on who they were, maybe to take attention away from stock performance? Anyways, slow fade on the price at the open. Got my cover in as I was worried it would pick up. Could move fast because not much volume traded. Good gain.
Bought some IDN right at the close. Chased a little, but was watching this, waiting for it to break out. Little late when it finally did, was not getting filled. I do not get very good fills on AMEX stocks. in at .75, and has potential to gap. Just looking for a continued breakout at the open on Monday.
Enjoy the weekend and happy mother's day Mom.
http://profit.ly/guru/investorsunderground?aff=4078
Thursday, May 8, 2014
5/8/14
Starting to feel more comfortable with larger position size and predefined risk. Thanks Nate for your DVD. This has been best take away so far. But only watched it once so far. That being said, I am now thinking about opening a new account to get around the pattern day trade rule. If I do so, it will be at suretrader. They don't have PDT rule and have good borrows to short. I am little worried with it being offshore however. Also not a huge fan of their fees for routes. Feel like this is built in everywhere else. They also charge 100 bucks to withdraw money. But this could be a small fee to pay to get around the PDT and increase my earning potential. Will continue on this week using their demo and make decision next week what I want to do. Since I am stopping swings for the most part and trying to end the day in cash (limited risk) this could be nice option. Also only get 1 trade every other day with my current set up. Could be 4 maybe, if I use my optionhouse account once a week. But I have swing positions in there right now.
Sold ATSG- Got a very small run to continue its strong finish yesterday. I sold into this and it seemed to be crawling and next to no volume. Happy I got out with a profit.
Sold JASO- Was holding onto this for a while. Rumor of Tesla did not come through. IR firm told me and I was slow to believe. They reported good earnings but stock did not react positively to it. Maybe brought down because tesla was also going down today. No news on their partnership from either. Will revisit if announcement comes.
Shorted EKSO- announced a dilution yesterday afterhours and had earnings today. Earnings was a loss of like 1.30 per share. Had a decent gain today, but knew I had to hold overnight. Should have shorted later in day but got in early thinking people would want out of their shares. Unfortunitely have to wait to see how people react to their earnings. New company so may only be interested in forward looking statements.
Sold ATSG- Got a very small run to continue its strong finish yesterday. I sold into this and it seemed to be crawling and next to no volume. Happy I got out with a profit.
Sold JASO- Was holding onto this for a while. Rumor of Tesla did not come through. IR firm told me and I was slow to believe. They reported good earnings but stock did not react positively to it. Maybe brought down because tesla was also going down today. No news on their partnership from either. Will revisit if announcement comes.
Shorted EKSO- announced a dilution yesterday afterhours and had earnings today. Earnings was a loss of like 1.30 per share. Had a decent gain today, but knew I had to hold overnight. Should have shorted later in day but got in early thinking people would want out of their shares. Unfortunitely have to wait to see how people react to their earnings. New company so may only be interested in forward looking statements.
Wednesday, May 7, 2014
5/7/14
Market still bleeding everywhere. Indexes didn't get hit too hard today but it is being supported heavily by big companies. They have been holding up the fort. People fleeing the small caps and putting that money into large caps. How long will they stay proped? Markets look better on paper than they feel is main point. This trend continues as market indecisive on direction. Will try to keep my recaps short, so you can quickly view my activity.
OH account.
Bought SEV- got smacked down due to earnings, which were good. Future looks bright for them and I got in pretty cheap. Old support looks to have held. Low float stock but I'm looking for a quick 10%+ win.
IB account.
Sold ENSV-sold at open. Got a little spike right after I sold, but oh well. Only gained a few pennies, so didn't gap but had early run. Didn't use a day trade, which is main idea behind these gapper ideas. Should have gone with Nate's idea in chat. That one ran more and was in play today.
Daytrade on P- (short) was underwater for a little, but put stop at good location. Something I learned from Nate's DVD. Ended up getting stopped out, when I moved it to make sure I had a profit. Little later it hit my price target. Had I held would have been bigger win. Not something I should worry about. Better to worry about recognizing pattern and trends.
Bought ATSG - was an earnings winner and had a little run today. Tim alerted this in the afternoon, but also sold his position. I bought right at close and hoping for a premarket gap. Will try to put a sell order in before after hours is over and hope for pre market hit. And if not will be watching opening 10 minutes for a move.
Have been really impressed with investorsunderground so far. Nate's DVD has some good information in it and has made me go about my risk a different way. One I think I can be more disciplined in. He is also available during the day and responds to all my questions. Helped give me some guidance and another thing to look at during my P trade. Let me know if your interested in his chat, as I am an affiliate and get a small % of membership fee. http://profit.ly/guru/investorsunderground?aff=4078
OH account.
Bought SEV- got smacked down due to earnings, which were good. Future looks bright for them and I got in pretty cheap. Old support looks to have held. Low float stock but I'm looking for a quick 10%+ win.
IB account.
Sold ENSV-sold at open. Got a little spike right after I sold, but oh well. Only gained a few pennies, so didn't gap but had early run. Didn't use a day trade, which is main idea behind these gapper ideas. Should have gone with Nate's idea in chat. That one ran more and was in play today.
Daytrade on P- (short) was underwater for a little, but put stop at good location. Something I learned from Nate's DVD. Ended up getting stopped out, when I moved it to make sure I had a profit. Little later it hit my price target. Had I held would have been bigger win. Not something I should worry about. Better to worry about recognizing pattern and trends.
Bought ATSG - was an earnings winner and had a little run today. Tim alerted this in the afternoon, but also sold his position. I bought right at close and hoping for a premarket gap. Will try to put a sell order in before after hours is over and hope for pre market hit. And if not will be watching opening 10 minutes for a move.
Have been really impressed with investorsunderground so far. Nate's DVD has some good information in it and has made me go about my risk a different way. One I think I can be more disciplined in. He is also available during the day and responds to all my questions. Helped give me some guidance and another thing to look at during my P trade. Let me know if your interested in his chat, as I am an affiliate and get a small % of membership fee. http://profit.ly/guru/investorsunderground?aff=4078
Tuesday, May 6, 2014
5/6/14
Another down day for the market and another bad day for my trading. Got bit trying to hold the pump overnight and was reluctant to sell. Seems to be my downfall over and over again. I let my losses run and been quick on taking profits. So easy to say this should be opposite but so hard to actually do. Did not use a day trade which is good, am ready to use it tomorrow and will look to investors underground for ideas. Markets still whipsawing. Seems everything is down, yet the markets are up. Prolly feels this way because of the small cap market I am looking at. This is also the slow season, so I've been told anyway, and need to be conservative on trades. Will not make mistake of buying pump and letting it get out of hand again. Hard stops needs to be put in place or I will ignore them. Plan is to set them a few cents below initial mental stop. So it will trigger if I do not take the loss, and gives me the chance to start following the mental losses. Need to implement what I learned from Nate's DVD about risk levels and where to put stops. This will greatly help me not loosing my shirt anymore in trades. May be most valuable lesson I learn from his DVD. His DVD also helped with knowing how much money to put in play.
JASO-small pop in morning and I sold most of my position. Limiting my risk right now. They have a conference call early in the morning about quarterly earnings. They may be alright but I do not think guildance will involve anything with Tesla. The whole reason I bought initially. Has been slowly grinding up day by day but nothing exciting here.
sold PME-got a nice spike today and looked strong. All memories of big seller are gone and it upticked nicely. I sold way too early, but wanted out to limit my risk from market movements. Could have doubled my gains, but out with a gain. On to the next.
PGFY-stock in freefall at open and I kept waiting and waiting. Finally saw enough warnings on twitter to convince me to sell and end the pain. Bad bad bad loss for me. I could have really been screwed if I used a big position. I knew where the support was supposed to be (thanks Nate), but refused to sell once it cracked. I think I got a false sense of security when Tim and Nate both covered their short position. But stock kept falling. A hard stop would have saved my ass. I would have been mad when it went off(cause I would have lost) but then realized how much it saved me. Really need to end these dumb mistakes. It is ok to be wrong. it is ok to be wrong. It is ok to be wrong.
http://profit.ly/guru?aff=4078http://profit.ly/plans?aff=4078
JASO-small pop in morning and I sold most of my position. Limiting my risk right now. They have a conference call early in the morning about quarterly earnings. They may be alright but I do not think guildance will involve anything with Tesla. The whole reason I bought initially. Has been slowly grinding up day by day but nothing exciting here.
sold PME-got a nice spike today and looked strong. All memories of big seller are gone and it upticked nicely. I sold way too early, but wanted out to limit my risk from market movements. Could have doubled my gains, but out with a gain. On to the next.
PGFY-stock in freefall at open and I kept waiting and waiting. Finally saw enough warnings on twitter to convince me to sell and end the pain. Bad bad bad loss for me. I could have really been screwed if I used a big position. I knew where the support was supposed to be (thanks Nate), but refused to sell once it cracked. I think I got a false sense of security when Tim and Nate both covered their short position. But stock kept falling. A hard stop would have saved my ass. I would have been mad when it went off(cause I would have lost) but then realized how much it saved me. Really need to end these dumb mistakes. It is ok to be wrong. it is ok to be wrong. It is ok to be wrong.
http://profit.ly/guru?aff=4078http://profit.ly/plans?aff=4078
Monday, May 5, 2014
5/5/14
Would have to check how market indexes did today. Was too concerned monitoring my positions and making a dumb mistake. What was supposed to be the next big pump was released last night and in play today. This is PGFY. I bought in late to this twice. First time was at a much better price. Got a decent gain then started to turn against me. This is when I got stopped out. Not much later stock paced my original target. Sucks to have played bad, but good I had a profit. Then later in day I bought again and am still holding some overnight. This is bad bad bad as it has been crashing into close. Also got shorts in it like Tim. Never good to be on the other side of a trade as him. His record/stats speak for themselves. Have to hope this is part of the 25% he is wrong. This was supposed to be a huge pump. 6.5M should go further than one day. I am not good at playing pumps (this is one of the few I've attempted) but hoping they can run it back up for me. Will look to sell fast if turns profitable. Definitely can not trust a manipulated stock like this. Promoters try to run over people like me, inexperienced traders. I did not sell but the big block seller in PME has now been taken out. Stock is now right about where I bought and more or less even. I do think this still has potential to run up a little. I see new buying building up and there is a big block right at 3.00.
Still need to sell my positions in PME as mentioned earlier and WATT. WATT likes to dip middle of day and come back in afternoon. Hoping for a quick pop to hit my target and I will be out. Just waiting on that quiet period to end. They announced a new board member today, which did not really effect price. Also still holding onto JASO, which is not looking good for me. My wins have been small and conservative, while my losses like this are large and spin out of control. JASO also has a conference call on Wednesday, thinking I will close out before that. Obviously need to be on the line if still have a position. Will look to trim down a little tomorrow.
day trade PGFY-in and out relatively quick. Price started to turn against me and hit my stop. Small profit.
Covered SPWR in premarket, my buy order hit. Good to wake up to profits. Could have been more aggressive as it panicked at open buy happy to not have to worry about it.
Still need to look for more short setups. Very high win % on shorts so far.
Still need to sell my positions in PME as mentioned earlier and WATT. WATT likes to dip middle of day and come back in afternoon. Hoping for a quick pop to hit my target and I will be out. Just waiting on that quiet period to end. They announced a new board member today, which did not really effect price. Also still holding onto JASO, which is not looking good for me. My wins have been small and conservative, while my losses like this are large and spin out of control. JASO also has a conference call on Wednesday, thinking I will close out before that. Obviously need to be on the line if still have a position. Will look to trim down a little tomorrow.
day trade PGFY-in and out relatively quick. Price started to turn against me and hit my stop. Small profit.
Covered SPWR in premarket, my buy order hit. Good to wake up to profits. Could have been more aggressive as it panicked at open buy happy to not have to worry about it.
Still need to look for more short setups. Very high win % on shorts so far.
Friday, May 2, 2014
5/2/14
Decent day for me in the market. Covered a little and bought some more. Market had a crazy drop in it today. I think it was in the neighborhood of 50 pts in the nasdaq. It looked ugly on the chart. Glad it recovered and my stocks did as well. The crazy movement for me today was with WATT. I had a small position in this in my optionhouse account and it was running wild yesterday in anticipation of a seeking alpha article. That came out today but everybody was waiting for it and it was already priced in. So it tanked at open and continued to for most of the day. I also opened a position in my IB account. I thought it had found a bottom when I bought, but I was wrong it continued to tank for a few hours. I think it had a lot of shorts and a little squeeze at the end of the day. Got me to the green for the day on the position but I did not sell. This was definitely the stress creator for the day. Thought I was doomed and forced to hold until the quiet period ended for them next week. And hope for an announcement with a potential partner. Did not happen and think it can continue up a little tomorrow. I got a second life here so will most likely try to sell most quick. May decide to keep a small position for end of quiet period. This will depend on what price I can get out it. Onto the recap
OH account
Sold WATT-sold right at open to lock it in. I feared it would tank like it did, I didn't expect it to get as low it went though.
IB
Covered GLUU-very small gain on this but it is a profit. Heard there was some newsletter buying in this near close today. So happy to be out and not waiting for a drop. Could be back in play on monday now.
Bought WATT. This is when I thought a bottom was in place. I was way off, dropped a good amount when stop losses went off. Had little end of day run, that looks to continue next week.
Shorted SPWR. Had a seeking alpha article out today that didn't move it much. Was about its long term potential. Hasn't moved much from where I shorted. Will most likely get out on monday for small gain or loss. Not moving enough for me to be interested in it right now. Held to avoid a day trade going into next week. Decision to not use a day trade breaks my new rule to not worry about that.
Looking forward to next week in the IU room for some ideas. Also trying to catch most of Nate's dvd this weekend.
OH account
Sold WATT-sold right at open to lock it in. I feared it would tank like it did, I didn't expect it to get as low it went though.
IB
Covered GLUU-very small gain on this but it is a profit. Heard there was some newsletter buying in this near close today. So happy to be out and not waiting for a drop. Could be back in play on monday now.
Bought WATT. This is when I thought a bottom was in place. I was way off, dropped a good amount when stop losses went off. Had little end of day run, that looks to continue next week.
Shorted SPWR. Had a seeking alpha article out today that didn't move it much. Was about its long term potential. Hasn't moved much from where I shorted. Will most likely get out on monday for small gain or loss. Not moving enough for me to be interested in it right now. Held to avoid a day trade going into next week. Decision to not use a day trade breaks my new rule to not worry about that.
Looking forward to next week in the IU room for some ideas. Also trying to catch most of Nate's dvd this weekend.
Thursday, May 1, 2014
5/1/14
May day May day. Was not monitoring the markets as much I typically do. Spent most of the day catching up on some video and looking at lax stuff. Markets mostly unchanged in general. Some selling action from me early then the time off. Have some other videos to watch next few days as well so will prolly be limited monitoring and worrying about indexes. JASO had a big run up followed by equally big breakdown. I think ended up a few cents but was over 50 cents up on the day at its high. Still very much underwater in that position. No real way to get out either.
Sold HERO. Got a small move in morning, and took it for a small profit. This is the one I realized I shouldn't be in. Not the kind of move I am comfortable trying to predict. So good move getting out in this early spike.
Sold MDCN. This is an old position that I finally cut ties with. Have been underwater for a long time and finally getting it out of my portfolio. Bad loss and need to learn from this. Was afraid to use a day trade and end result is big loss of money. Now will have to not be afraid of using a day trade. I need to protect myself and if that means I can't buy anything the next day then so be it. Need to think in longer term. A day or two of not trading does not hurt, but lossing positions do.
Shorted GLUU. The support was cracking near the end of the day and it as looking weak. It is up a little after hours, which is not a good sign for me. Closed below my entry but not by much. Had a good run today and thinking it was done. Hopefully more people locking in gains tomorrow. Will look to get out fast in the morning.
Started investors underground chat today and also got the DVD. Was part of a sale and they are about to increase prices, so I decided to get in now. Time will tell if I continue with their service. Have not watched dvd yet.
Sold HERO. Got a small move in morning, and took it for a small profit. This is the one I realized I shouldn't be in. Not the kind of move I am comfortable trying to predict. So good move getting out in this early spike.
Sold MDCN. This is an old position that I finally cut ties with. Have been underwater for a long time and finally getting it out of my portfolio. Bad loss and need to learn from this. Was afraid to use a day trade and end result is big loss of money. Now will have to not be afraid of using a day trade. I need to protect myself and if that means I can't buy anything the next day then so be it. Need to think in longer term. A day or two of not trading does not hurt, but lossing positions do.
Shorted GLUU. The support was cracking near the end of the day and it as looking weak. It is up a little after hours, which is not a good sign for me. Closed below my entry but not by much. Had a good run today and thinking it was done. Hopefully more people locking in gains tomorrow. Will look to get out fast in the morning.
Started investors underground chat today and also got the DVD. Was part of a sale and they are about to increase prices, so I decided to get in now. Time will tell if I continue with their service. Have not watched dvd yet.
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