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.
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