Tuesday, October 20, 2015

October 20th, 2015

Today I will be blunt and straight forward. I'm pretty annoyed because I have made many mistakes. I started trading ERII in pre market when it was still very illiquid and volatile. It was meant to be nothing but a scalp. Take a look at the charts:



Monday, October 19, 2015

Trades for October 12th-19th

It has definitely been a passive week. There were only a couple of opportunities and I wasn't able to capitalize on them because of my lack of experience. Small cap has been dry lately but I will be prepared when the golden opportunities show up. The last truly golden opportunity was CTRV and I totally failed on it. I will do my best to add notes on the charts right after the market close otherwise I procrastinate and become to lazy to do it.
Here are my trades for the week:






Monday, October 12, 2015

Trading recap for October 9th, 2015

Today I decided to trade a very well known former runner with news: PBMD. the plan was to long it right before the open and sell it on the morning pop.  It barely popped and I managed to get out with a tiny profit. I'll take it though. NEXT.


Friday, October 9, 2015

Trading recap for October 8th, 2015

Here's the self explanatory chart with the trades:


Wednesday, October 7, 2015

Trading recap for October 7th, 2015

There haven't been any niche setups the past couple days. Yesterday I did well by just sitting and watching. Today I let boredom take the best of me and got into trades that I normally wouldn't get into. As I've said before, when stocks tend to "grind" and trend along the 9ema it's best to sit and watch if you're tempted to short. I was waiting for the blow off candle on $PACB using $7 as a guide o/u. It did happen but quickly reclaimed 9ema, broke through and kept on trending all the way to $8. I had 300 shares at a $6.97 average. I took it off near $7.30. My other trade was $BCEI short. I thought this stock had ran too much the past few days. A stock being up up too much is never a good enough reason for wanting to short. The oil sector has been hot the past few days and so has $BCEI being a part of the sector. I shorted on a dip (against my rules. short pops and not dips) thinking it was finally breaking down and covered when it kept on holding a certain level for commissions loss. Later on it ended up dropping all the way to $6.40. Oh well. Here are the charts:


BCEI



PACB


Tuesday, October 6, 2015

Tuesday, October 7th 2015

I barely slept thinking about my CTRV trade because I've seen this chart over and over yet I let it toy around with me once again. One thing I should ask myself is: why am I not able to long these and profit massively when witnessing these golden opportunities then flip short between 10-11am at a much desirable entry near the top (or when the chart tells you it's ok to be short)? These patterns all have one thing in common. They break pre market highs and keep breaking through various resistance points on the daily chart. Some of them even break 52 weeks high (just like CTRV did). When previous resistance gets taken out; new buyers come in and existing longs add to their position. Between shorts covering, new buyers coming in and existing buyers adding to their position the "Squeeze" happens. Feeling the fear of missing out while trading is something that needs to be worked on if you wanna be a successful trader. Knowing when to sit, when to attack and when to retreat are three major requisites for becoming a monster trader. My only goal is to become a monster at trading. The beauty of trading stocks is that you can make money going long and short. The bulls and the bears both have their moment of glory. This is why I decided that from now I will track all of these monster squeezers right here on this entry. I will update this as they happen. If you have any charts you would like me to add feel free to email me at stocktrad3rs@gmail.com.


CTRV
 


NYMX
 


GBSN



CPXX



AVEO


Monday, October 5, 2015

Monday, October 5th, 2015

Today's trade with notes:

Lessons and what needs improvement:

- Have a set amount to risk on a trade and trade accordingly to that max loss risk.
- Shorting pops instead of dips. I started shorting the bottom of the candle instead of the top of the candle giving me a bad start.
- When shorting and covering a trade right at the open and VWAP reclaims with massive volume absorbing, take a deep breath and watch closely what happens. Don't dive yourself immediately into a new trade. Think it through. Let it put resistance and see if that resistance gets tested and taken out. See if those pre market highs get taken out. Opening range breakouts attract new buyers and entice existing buyers to add to their long positions making news highs very possible.
- Wait for a lower high and a set risk (for example risk being the day's high) to short into.
- 10:00-11:00 give clues. To add or not to add. Ask yourself: at what percentile of the day is the stock trading at? If its trading at the top 25-50% be very careful. If its trading at bottom 25-50% it is likely it heads lower and might be an "all day fader".
- Stocks trending along the 9ema give shorts no edge whatsoever. Best to wait for a lower high or the "blow off candle". In this example, it put a lower high, reclaimed and blew off the day's high hitting $6.30's. At 11 am it put the infamous lower high that needed to be attacked. Unfortunately, I had run out of bullets by then. Always save some bullets for the backside of the move (backside of the move= $$$ and stress free trade)
- Last but not least: Always live to fight for another day. Trading is a marathon and not a sprint. I risked to blow up today. Take what the market gives you and dont be greedy.

As always constructive criticism is much appreciated. I hope this helps you as much as it helps me. Thank you and enjoy.