Trading Recap 12/30/15

No trades for me today since I either didn't have the shares to short for the trade I wanted or I was too late for the trade I wanted by the time I saw it.


WTW: I mostly watched this for the entire day as it went higher and didn't want to short this until it has peaked at some level of prior resistance. I guess going long would have been the better choice but I didn't really see any entry that fit for me. Towards the end of the day, it ended up breaking and peaking at the $23.7 support, which I thought would be a good short. I decided against it because I didn't think it would crack that much and thought it could still have a run at the end of the day since it mostly grinded up the entire day and didn't parabolic. However, I have to remember in a previous blog post I wrote with VLTC where the same thing happened and I saw it but didn't short. Link here: http://holeinonetrading.blogspot.com/2015/07/trading-recap-71615.html

ATNM: I missed this completely in the morning since I wasn't watching it although it was on my watchlist. I saw it gap up and was interested in shorting it. Once I saw it peak at the prior support I figured it might be a good short but never entered.

FXCM: I was looking for a weak open r/g since it was consolidating for most of the prior day and it hadn't gone down yet. Unfortunately, I missed that and then I saw the huge parabolic and once it consolidated around the $24 area I saw the $23.7 area act as resistance. Since it had pretty much squeezed out completely, when it broke above on good volume I thought it would be the stuff to attract all the breakout chasers and that is what happened. I wanted to short but didn't have shares.

TK: I saw this curling lower on the daily chart after a decent run up so I had it on short watch. Unfortunately, I didn't see the perfect pattern forming of lower highs and a nice support base that it broke with ease.

Trading Recap 12/29/15

Well I traded again today (trading 2 days in a row??) and it was a winner! So that makes it 3 winning trades in a row and one breakeven. My account is back over $600 and I am slowly coming back it seems. I am entering uncharted territory in my trading and I hope for it to continue. I have been focusing more on the stocks I know what to do with and know what is going on in the stock. I guess I am getting to the point of truly not giving a fuck and that is reflected in me actually taking trades.

White arrows are entries followed by exits.

NURO: I saw this gapping on BS news and compared it to the similar news on 11/20 where it went up then came all the way back down. At the open I saw it go to 3 on big volume and get rejected and then fail further so I tried to short $2.8 but didn't get filled but kept the order open hoping for a pop and continued downside. I got filled and it started ramping back up to my dismay. I was ready to cover if it went past $3 and held but I saw it get rejected at $3 on bigger volume and I knew that was most likely it. I would have definitely added there if I could have but since it was under $3 there was no margin allowed and I already went in with my 200 shares. I am not holding that against me (going in too big) since it's the best I can do with the account but I definitely would have been adding into that with risk on premarket highs. My entry definitely wasn't the best but I thought it would continue to fade and didn't want to miss any move. FOMO? Perhaps but I had good confidence that this would fade eventually and wouldn't squeeze or go much higher judging by the news and past history. Anyway, I was being patient since I know a lot of these end up red but I didn't want to stick around for that much and I thought there were other plays (I did end up sticking around and there were other plays..that I didn't touch) so I covered when it looked to start fucking around at $2.57. Right after I covered it made new lows and it had an all day fade. In the future on plays like this I will definitely either cover most and ride the rest or I will just keep all of it and still ride it down depending on what is happening with the stock and other stocks.

FXCM: I saw an ABCD pattern but didn't want to go long since I didn't get in on the dip. However, there was an opportunity later in the day which I missed were it flushed the support, reclaimed, held a higher low, and pushed. With it still holding trend after the huge moves it has had and reclaiming and possibly trapping shorts, it was a decent potential trade.

ROVI: I didn't look at this since I was focused on NURO at the open but it played out nicely and how I wanted it to for the short. It failed the prior day's support and then consolidated and then headed lower. Perfect opportunities to start in and then add to the winner.

WTW: I saw Nate mention that Oprah had tweeted about WTW and the stock was holding trend afterwards, especially after being down so many days in a row. It made an ABCD pattern that could have been longed on dips or the breakout of $18.5.

INVT: This was sort of a miss since I was watching it trend higher for most of the day but was wanting it stay up for an easy short tomorrow. However, it decided to start fading after reaching the prior high from when it last ran. I stupidly forgot to mark that area with a line as resistance and totally forgot about it, although it kept trending higher at that point and with being past 11AM I wasn't too interested in shorting it. However, once it got in the $2.50s and broke the uptrend line it looked like it could come back up but it didn't and had a similar pattern to FXCM yesterday where it looks weak/heavy and has that last lower high before dumping. I saw it in realtime and thought that it might be good for a short but I wanted to be patient for tomorrow. I guess the sheep decided to get out today instead and it broke the important support and faded mostly into the close. Mostly I thought it wouldn't be a good price to short now since it was just in the $2.80s but that didn't matter and I could have risked off $2.60.

Trading Recap 12/28/15

Today was the day I broke my 2 months of not trading... and it was a breakeven trade. It only cost me some commission which I don't care about. Not much else to say so I'll go into what I was looking at and the trade I took.

White arrows are entries followed by exits. (Wow, haven't had to mention that in a while.)

VRX: I saw the stock tanking and saw that it was sort of basing around the lows and had lower highs. I think a lot of people were trying to bounce it so there might have been trapped longs and it looked very heavy. After it started to peak at the prior base, I shorted on the retest and pop due to the SSR being on. Right after I shorted it washed a little but then it spiked back up and I was ready to cover but held on because I didn't want to top tick it like I normally do. I saw the big volume on the spike so that gave me pause in covering. It ended up coming back down and it then it just consolidated and chopped around and did nothing for a while. It looked like it was going to curl upward so I took the chance to cover for breakeven and it then made new lows before promptly spiking all the way back up. So it is really a toss up as to what would have happened had I not covered for breakeven because I probably would have stayed patient on the wash and then when it spiked up I would have said wtf and had to have covered at a loss probably. So overall it was ok but the entire time it traded inorganically and felt controlled by institutions/algos so that was another reason why I covered for breakeven when I could.

ADMS: I was looking for a weak open r/g move as I thought shorts were still trapped on the huge move and from what I have seen with other stocks who have price target increases on moves like this, they continue to drift up for a few days at least. I wasn't paying attention to this due to the low volume but it had a perfect reclaim and higher low of the support from the prior day and that would have been a nice entry, just like it worked the prior day. It had a nice parabolic and I saw it going towards that $32 level and I thought well I would definitely sell here if I was long. I didn't think about shorting it since I thought it would dip and then continue higher. I saw modern rock shorted it and it was definitely a good call since it retraced most of the move up. The volume was definitely an indication of a possible top but I obviously did not expect it to retrace most of the move.

ROVI: I'm not sure if I was looking at this for a long due to it consolidating for most of the day. I was probably looking for an EOD run but it started at 12:30 instead. After it ran for a bit, I saw it parabolic and get rejected around $18 so I thought about shorting but didn't want to since it had just come from consolidating and it was after 11AM. I guess since it parabolic'd it was ok for a scalp but I didn't think it was worth it. It washed a little bit but it held trend and then made new highs but stuffed and just consolidated.

FXCM: This wasn't shortable at Suretrader but towards the EOD it had that looked that it was just going to fade off so I wanted to make a note of where I would have shorted. This looked similar to VRX where it looks weak/heavy and it starts to make a lower high before the real drop.

Trade Recap 12/24/15

I only had a couple of things on watch for today and one thing I realized was if I don't know what to do with a stock then wait for it to pick a trend or have an opportunity for you. Otherwise, don't bother looking at it except for occasionally and focus on other plays. I will go into detail later on what I mean by that for each stock. But it is best to focus on what you know and what you have a plan for. As I said before, trade the best and fuck the rest. Another thing I will start to do more often and while I am making plans for the next day is think about what is happening with all the players of the stock: is it crowded? will there be gap sellers in the morning? do I want eager buyers to short into? etc. I will go into detail for this as well for each ticker. At the open until 10AM there wasn't anything that I was interested in according to my plan and what I prepared for so I went to the gym. When I got back, one play had done exactly what I thought it would have but I missed it and another setup in a way I could have taken the trade. I will go into that detail now.

ADMS: For ADMS, I was only interested in a weak open r/g or a consolidation and push. I did not want to short this since I believe it has a lot of shorts still trapped and from my memory most of these types of plays don't fizzle off the very next day and may have continued momentum, hence looking for a long only. My reasoning was either it would consolidate and hover and break out due to being crowded with shorts or having profit takers/gap sellers sell the open and then have them worked out of the stock and then have higher lows/channel to go long for r/g which is exactly what happened. Ideally, I would start long on the higher lows and add as $30 o/u holds.

RWLK: This is the stock that I was unsure of what to do with and so was waiting for any clear trend to form, which it never really did. Since it was an abbreviated day my go to idea for a late day fade for the stock would probably not work so thus I wasn't too focused on this. There was a trade I saw some take on the parabolic in the morning which I did not trade but in hindsight would have been nice as it spiked right into prior resistance with big volume.

CNIT: I saw this was holding up and did not want to be early shorting. Thus, I wanted to wait for $2.50s if they came. In the morning it looked like it had failed follow through so a short after the g/r fail would have been ok, perhaps. However, after a couple of hours it still held on and formed an ABCD and I noticed that right away but was too late as the push had already started. With it holding trend like this, I think dips to buy are a safer bet until some sort of squeeze/parabolic happens. It seems too crowded now with shorts trapped.

Trading Recap 12/23/15

So ultimately no trades for me today. For better or worse that is a good thing since all the stocks I wanted to trade ended up doing the opposite of what I wanted them to do. I did try to get filled (a serious attempt) on some short. Overall, there were a lot of opportunities at once and I was trying to figure out what the best stock was since I realistically can only do one stock at a time. So, that wasted some time but as I said it may have been for the better. The only one I had some conviction in was PSDV but that ended up just fucking around. Perhaps my short bias in almost all of the potential stocks clouded me from seeing any long opportunities. I'll go into detail for each ticker as I usually do.

PSDV: I was looking for any pops towards the prior day's support to short for another all day fade. I tried to get filled when it got rejected but missed it by a few cents. It did end up dropping a big afterwards but then it came back and ended up fucking around the rest of the day.

TK: I was short biased on this as well due to it coming off the lows of $7 to almost $10 in a couple of days and the daily looked like it would roll over further. I wanted to short any lower highs, which I was about to but as I said I had a few setups all happening at once and I didn't know which to pick. This would have been a loser though since it just went up for the rest of the day.

CNIT: I had this on watch but on the backburner. As I saw it trade right at the open I thought it had failed follow through momo and a short would be ok as it made nLODs. However, it reclaimed support and went back to premarket resistance where the real short was. Also, the daily chart looked like it needed to be given more room to go higher before a short was initiated since it only had one big day up so far. However, I read on twitter that this was a news pump so that gave me the idea to short when it had no follow through since I figured people would be selling into the gap.

SRNE: I did not have this on watch but saw it on my scans last night and thought about putting it on watch but decided against it since I thought it was a random play. Nate also had it on watch and it had a nice channel/higher low setup to get long for weak open r/g. Putting this here as a note.

ADMS: This may have been one of the stocks where my bias got in the way of seeing any long opportunities, although I did see some successful traders try to short this as well. I didn't see any good entries for the short though which is one of the main reasons I stayed away. The main reason I did not go long is because I thought this would just be a low volume gapper that no one noticed and it fades for the rest of the day. When I saw it reclaim support I didn't think of going long or short. However, if I knew that it was crowded short like Nate did, then I would have definitely looked at a long opportunity. The question is how do you know if something is crowded, Does he just see from his chat that a lot of people are shorting and it doesn't go down or is there something else?

CELG: I was also short biased on this as well and when it reclaimed support I didn't bother to look for any long opportunities. I saw the base of support break and was looking for an entry but hesitated. At first it seemed that I failed due to being scared but it came back after flushing to 118 and it hovered for a while before grinding back up.

MU: Another stock I was short biased for any continued downside. I saw lower highs and a base forming and when it looked to crack that base I wanted to short. It came back and then grinded up higher. Perhaps this also got crowded. Not sure.

Things to work on:

1. Don't let your bias get in the way of taking the opposite side of the trade.

Trading Recao 12/22/15 + rambling

No trades for me again today due to me being a pussy. I looked back at my logs and I just realized that I haven't actually traded anything in exactly 2 months from this day. Yet I call myself a "day trader". I'm more like a fucking imposter, that's what I am. Society tells me I should be happy where I am: a decent college and I just got a 3.93 gpa for this semester. Everyone is congratulating me but I couldn't give less of a fuck if I tried. All I know is that I'm still the poor motherfucker I was two months ago and haven't taken any trades in the mean time. Even today at the gym, due to yet more bullshit school work over the past few weeks, I haven't been able to go to the gym and thus had to do weights I was doing in the beginning of the semester. All a fucking circlejerk. The fuck. Look, I am grateful that I am a guy in the US that never had to worry about being hungry and I know I have it better than 99% of the population but to me, it's not enough. We're supposed to have an abundance mindset where we know we are enough and think likewise, but I know I'm not enough. I'm still in the same situation I was two months ago except with less time. I'm still poor, a weakling who doesn't seem to be getting stronger, and just a person going in a huge circlejerk. Maybe I am developing a better mindset and more knowledge of trading but the results aren't there so as far as I am concerned nothing has improved. I am not expecting to be making thousands a day with my shitty $579 account but I do expect me to take fucking trades no matter the outcome. I would honestly at this point blow the fuck up than sit with my dick in my hand pretending to be a trader and say "I'm trading" when in reality I am just looking at charts and thinking oh this might be a good entry and then proceed to do nothing. This is how a "trade" goes for me: I think a setup looks good and I prepare an order in suretrader, I closely monitor it for a while and internally I am thinking "nah, I can't be right, I've been wrong so many times before, if I short this will just somehow be some higher low and go higher or if I go long the floor will drop and I will be fucked". After I think about that in my head for a bit of time, the stock will most likely have moved in the direction I was anticipating (before it would do the opposite and I would think man, good thing I didn't try it), and then sometimes I would put my order in and when it doesn't get filled because the move already happened I will think "oh well, I just didn't get filled, on to the next stock". That's not trading, that's called being an insecure pussy.

So enough of the rant/complaining (I don't think it's complaining, I acknowledge it's all my fault and I have been fucking up). It's time to take action.

I'm sick of not taking any trades at all, winner or loser. I need experience in trade management and the only way I get that experience is wait for it: TAKE A FUCKING TRADE!

I'm sick of not getting anywhere in the gym due to outside factors.

Action I will take to correct the above:

1. I will take any fucking trade I want even with 10 shares on a larger price stock. I don't give a fuck anymore about the commission or if I am playing 100 shares on a fucking $1 stock. I don't give a fuck. If I blow up I will refill my account and try again with if I need to. I have money in the bank sitting there. I haven't refilled my account because it's not really enough and I don't want to "waste" the money but I will replenish in bits and pieces. I don't care if I make $20 a fucking day. It's better than what is happening now and I need to increase my confidence so when I do actually have real money to trade with (fuck you Hernando and my lawyer, I'm getting my money one way or another), I will have the confidence from having winning trades no matter the size.

2. For the gym next semester, the gym will be coming first before any school work that needs to be done. I don't care anymore, I'm done with school. I have a 3.8 gpa. If I don't make dean's list for my final semester nothing will happen other than my parents not getting their bullshit card that they forget about in the mail congratulating me for making dean's list.

Time for the actual review section of the recap. PSDV was the one that started this chain reaction of thoughts and when I went to the gym and felt like a chump that got me really thinking. Surprisingly, at the end of my workout when I foam rolled I must have found this really tight muscle and I stayed on it for a couple of minutes until the pain dulled. It was tough and the pain was much greater than I thought but breathing through the pain felt good. Like I was accomplishing something, working through the pain. Anyway, now to the recap.


PSDV: I was naturally short biased at the open but knew that with it being a holiday week things could get crazy like with Thanksgiving. That didn't happen and I missed a setup where I should have brought the hammer. During the first few minutes I didn't take any trade as the trend was clear, however it had a ncie emotional spike and then it stuffed. Right after it stuffed I thought "oh it stuffed, I should short here and then add on any pops and then add if 5.40 peaks for all day fade." But then you know what I thought afterwards? "this can't be it, it can't be this easy and I can't be right. It'll probably go higher" So I know that it stuffed and that I should get in but then I make some bullshit excuse that I shouldn't and then bam I'm stuck with my dick in my hand thinking why have I been spending so much time learning how to trade if I can't take a gimme like this. I was also thinking of getting in at the $5.4 rejection but the same thought process occurred except I did place an order but it obviously wouldn't have been filled so I can just make that excuse again.

AEZS: I saw this had a nice daily chart and it could be a nice long if it gets some traction. It triggered my alert and I wanted to go long on any dips. It washed to the prior support and I was thinking of going long but the same process went through my head where I thought I couldn't be right and I just watched it go without me. While it didn't get that far, it still could have been a decent trade if I were to have sold on the first lower high.

RWLK: The only losing trade I would have taken. I wanted to short into $13.5/70s or any pops with failed follow through. It looked like it could pullback more on the daily. I would have stopped out when it held green and pushed.

Man, I am exhausted after puking everything out above.

Trading Recap 12/12/15

No trades for me again. If I did take some trades I think it would have been a meh to ok day, assuming I took all the trades I wanted and not just some of them, primarily the losers. I have been ingraining the idea of letting the trades come to me more, sometimes to my detriment or not. It is a good mentality to have so that you trade the best, fuck the rest and don't get FOMO.

MNGA: I looked at a weekly chart of this for the past few years and saw heavy resistance at $2.5 so that is the area I was interested in. In the morning I saw it go to $2.4 and top out with volume but wanted a bit higher nearer to $2.5 to get in. That didn't happen and it washed out a bit but then started to hold on. At the time I thought I missed my chance and that I really should have started in at 2.4 with risk on $2.5 but I wanted the lowest risk possible since I was only going to do one shot of 200 shares since that is the only way the trade would be worth it. Anyway, it came back and made nHODs before coming back but then it came back again but it couldn't break $2.5 and then that is where the huge wash came which I didn't see since I was away. Even if I did see it I probably wouldn't have shorted since it kept coming back.

UDF: I was looking for a SSR washout long on this with a higher low to go in. On the 1min chart I saw a higher low form but then looked at the 2min chart and it didn't look nearly as good so I stayed away. After a couple of more minutes I saw it was getting heavy with some lower highs and thought about shorting it since everybody must be playing the bounce and when it doesn't happen, they all sell, similar to what happened on day 1 of LOCK. It washed out a dollar and I didn't take this trade due to the large risk, although even if I took 50 shares and covered for around $1 it would have been alright. Afterwards though, I saw it was reclaiming the support from the open and thought that maybe all the dip buyers were stopped out and now it can actually bounce, especially with the SSR on. I looked to see for any dips but didn't want to do it since the risk was a little much for when I was actually interested in the trade and the proper risk was $7.8s and not 8 o/u. The trade didn't work anyway as it came back down near the LODs but then towards the end of the day it rallied back.

 LIVE: I wasn't paying much attention to this one but in retrospect it was an easy short as it tried to breakout and then it just failed and faded the rest of the day, No follow-through momentum although there wasn't much volume. It went right to the prior day's support and failed.

KMI: I saw this in the morning and wanted the same trade as yesterday if $16.5s hold and push it can be a good long. I probably would have gotten long but then stopped out and maybe flipped short since once I saw it was weak and about to break support I thought it might be a good short. I'm not sure why I didn't take this trade. I probably figured it wouldn't be worth it but it did have a decent .50 fade towards $16. There was another trade and that was the long for the rebound. I didn't see this since I was out but it was a nice consolidation at the lows and then had higher lows and then it ripped towards $17. I believe this was part in due to Icahn comments.

Trading Recap 12/10/15

I was finally able to trade today although I didn't take any trades which was foolish since there were easy pickings.


KMI: I had this on long watch and saw in premkt that it had gapped down a bit and was holding the 16.5 area. I wanted to see this area hold and then push or flush and then reclaim for a long. After a couple of minutes it started to push at 9:34 and I should have went in, but didn't. I think I wanted to see a higher low but in reality I knew it was a solid setup and should have just went for it since it was low risk. Afterwards, it looked like it was going to breakout even more so I thought about going long but didn't because I had to go soon. It went up a bit but then the breakout failed and it started to come back down. It might have been a crowded long at this point since I saw a few people on twitter going long all at once. This stock trades millions of shares though so it may not be the case.

MW: I saw this gapping down and thought it could be a good short for continuation downward. I wanted lower highs/pops to short. The resistance was at 14.5 and it did get there a couple of times but it didn't have that look yet until it had a lower high but by then the risk was a bit too much so I didn't go in. It did have a nice little wash but then it came back and grinded the rest of the day.

FSNN: I had this on short watch if it popped a bit. It did pop to the premkt resistance and then dropped and that was it. Hard to tell if this was going to go more but it was probably done given it already retraced most of the move.

LIVE: This was a miss for me today. It unhalted and spiked up quite a bit. But then it tried to go higher and stalled and then consolidated and then just dropped. With moves like this when it stalls, chances are it's going to drop as the buyers are all gone and everybody is thinking "well what now?". The fact that it clearly couldn't get breakout anymore was an obvious sign for a short that I did not see in realtime.

ONTY: I had this on short watch if it had any decent pops/parabolics. The SSR was on so that helped it when it ended up going parabolic towards $2.5. I should have shorted here as it was prior resistance and it had exhaustion volume around that area as well.

Trading Recap 11/27/15

I was looking forward to making some trades but ended up not taking anything even though I tried to get some orders filled. I think if there was a theme for today's action, it was easy vs. hard plays. There are the hard plays which everyone is looking it and then the easy ones that are on nobody's radar and act very predictably. It's always best to focus on the easy plays and then see if the hard plays are worth trading.

CANF: This was the easy trade for the day which I tried to get filled on a few times but unfortunately never did. A predictable PR/ER gap up happens and then when no one is watching the stock falls back to oblivion. This has happened time and time again on this stock and the stuff right at the open solidified the idea that this would just be an all day fader, as usual. I tried shorting $3.66 and a little lower but the constant selling made it hard to get a fill.

AEZS: I didn't have any thoughts about this at the open although maybe I should have been short biased given the weakness that followed in premkt since there were clear lower highs. Once it did washout a bit though, it had some higher lows and looked really nice for a reclaim of support and continue higher. It ended up spiking close to $2 before coming back down. Sort of a random play that wasn't really worth much. Just because a support has reclaimed in this fashion doesn't mean a spike like this will occur.

VLTC: I wasn't too interested in it since the SSR was on. It ended up washing out nicely but then squeezed back towards $8.5. I wanted to short around $8.5 but there was no margin allowed so it wasn't worth it.

GENE: I was looking for the prior day's support to crack for a short. Once it cracked and peaked I tried filling on a short but it never came to me. It wouldn't have been worth it anyway since it came back.

KBIO: I believe I was long bias going into the open due to the news that no more shares would be lent for shorts and the fact that suretrader and other brokers had it ETB, which I thought would make it crowded and a more likely squeeze candidate. It looked like it was going to crack but then got back up, which got me interested since I thought perhaps some shorts got trapped. I was looking for any strength to start into since I wanted to see some signs of a squeeze first. However, it looked very heavy and it just fell instead. It had a nice descending triangle so the short was easy enough but I didn't act on it since I was only really looking for a long.

EFUT: Looking back at how KBIO traded on Day1 and comparing it to EFUT, the charts are pretty damn similar. I did look at this chart beforehand was short biased for the morning but didn't think there were any good entries. However, and looking back this was foolish, I saw it was consolidating with an ABCD pattern and so became more long biased, especially after seeing on Twitter how this deal had actual potential. (Note to self although I probably made a note to myself already on this: Don't listen to twitter for real time trade feedback like this.) Looking at the KBIO chart now, it did the same thing before dropping and then not doing much for the rest of the day. Nate mentioned how it was trading heavy and not thin like a 2M float ticker would be trading. Nate also shorted right at the open and the readded when it pushed a bit higher. I could not get a sense of that from looking at the L2 and while there wasn't much volatility, if that is what they meant. I need to get better identifying things like this.

Trading Recap 11/17/15

Today had the potential to be a great day but I didn't take any trades. I really believe that I am starting to understand the generation of ideas aspect to trading, but I still have a long way to go. I just have to trade the tickers well. The thing holding me back from taking trades is not being able to have a proper risk set for my account. Since my account is extremely small, I need to look for situations where the risk is extremely low and the reward is great. Even taking 100 shares, like I mentioned a few weeks, is tough when the volatility is great. I know on one hand that there isn't much money at risk in an absolute sense so I should probably take any trade I think would work and see what happens even if I lose the $80 or whatever to get my account below $500. I try to keep the risk to around $20 at most so the risk would have to be 20 cents at most for 100 shares, which is tough. As I think I have said before, for now I am just learning as much as possible and may make the occasional trade or two (unless I hit a home run with one of my occasional trades). It's definitely possible to get out of this hole, though the odds are against me and I have no expectations. I do have some extra money but I would rather wait this time and save up more money than put all my money again into a small account only to blow it up again. If I had waited this entire time to fund an account vs. kept putting smaller amounts of money into an account, I would have had a fighting chance I think. But who knows, it's all speculation.


OCRX: This should have been the main gainer for me and I did notice the parabolic and the top that formed around $4.5. I could have shorted right around $4.5 with ok risk but I wasn't too sure about it since I have not really traded parabolics like this before, but rather the aftermath. I was looking for lower highs which came but the risk was kind of high. It then looked like it had higher lows (where I drew the trendline) and so I avoided it there, but then it dropped even more and kept fading the rest of the day. Another good lesson here is not to take the chart literally. What I mean by that is as traders we must have a thesis of a trade and then let the chart tell us in general terms of how to trade it. Small higher lows on the 1 min aren't that important, for example. But rather general over/under areas that act as support and resistance are the key, I think. Otherwise you keep psyching yourself out. If you shorted something and it breaks out or reclaims then the chart is telling you to get out. Smaller higher lows without any reclaim of support or going to new highs is not significant.

DKS: The only losing idea I had. I was looking for continued downside and saw it made nlods going for the support from premkt. I was thinking of shorting but didn't due to big risk and glad I didn't since I would have been stopped out. After it consolidated at LODs and reclaimed, it made a good long but I didn't see that since I had to go.

CMCM: I saw this gapping and at the open consolidating. It looked like a good short when it cracked support and I was thinking of shorting but again, big risk. Then again, if I went in when I should have, it wouldn't have been that big of a risk. Same as OCRX... I can't puss out like this.

CLVS: I was looking at the gap down and thought that this could have continued downside since it wasn't bouncing and I think a lot of people are in it for the bounce. The fact that it gapped down was evident enough that the market didn't take too kindly to their news. Part of the reason I was afraid to take it was because it was down so much but I have to remind myself to not think "oh, it can't go that much lower/higher" in these cases, like with CEMP in a prior blog post. The biggest reason though was I would have had to have $1 risk, which is too much, although even with 30 shares and it going down $2 that is a decent win.

SUNE: Another good idea I had that I failed to trade. I was looking at it from a bigger timeframe perspective and saw that it was still weak and could slip further which made me interested in the short. The prior day's support was $4.5 so I wanted to see that crack and then I would go in. Unfortunately, I wasn't paying much attention to this since by the time I saw it it had slipped even more. I was thinking of shorting in the low $4s but it felt like chasing at that point and not much downside would commence. Was I wrong on that..

Once I have a bigger account and can take multiples positions at once and cut the losers like DKS and add to the winners like SUNE, OCRX, CMCM, CLVS then I will be good to go.

Trading Recap 11/12/15

No trades for me today as well. There wasn't too much I was interested in/the stocks I was looking at didn't do what I wanted them to do. Here's another recap.

KSS: Coming off of JCP and M yesterday I thought KSS would be another good fade opportunity so I was looking for any lower highs to get short. As the opening candles formed, I saw it get to that $46.7 resistance, but I wanted to see lower highs for some indication to start in. I was also looking at that $45.7 support from premarket to peak. Instead it was holding and all dips were being bought up. At the open it looked like it was peaking at the $46 level when the candle was forming but then a surge of buying came in, which gave me pause. After a few more minutes I noticed an uptrend forming and drew the appropriate line. From then on I wasn't interested in it until the uptrend failed. Normally, these plays, if they are going to fade, they have lower highs right off the open and don't open strong. So that in addition to the uptrend, made me more disinterested in the trade. I highlighted two spots with arrows on the chart where I was interested in shorting. But I wanted to see lower highs first, like I said. These bigger stocks usually offer lower highs before the fade comes although not always.

ANFI: I was looking for a weak open r/g on this. It had good news and it held up nicely yesterday. I was looking for it to reclaim $7.5 and perk from there. It washed out and did reclaim $7.5 and held which got me interested. It then perked green and was looking like it was holding so I was about to place my entry around $7.7 (where the arrow is). It dropped back to red before I placed my order so I waited to see what would happen. From there is just faded so I'm glad I didn't go in.

SUNE: I was originally looking to short pops on this for a third day down since premarket it was just grinding lower and there was no washout. However, at the open it did have a nice washout and I should have changed my bias to long since it washed out 10% in two candles. I was still looking for pops but didn't have as much confidence in the trade so I didn't take anything, which was good. One thing to note going forward is any washouts like this should be taken long - the key is the washout and not just grinding lower.

WTW: I was looking at this for the ABCD I noticed on a bigger timeframe. I was looking for $23 to hold and perk. It reclaimed and held but didn't seem to have much volume and I was more preoccupied with other stocks so wasn't paying that much attention when it started to perk even more towards going green.

SPHS: It was non-shortable at ST and with the price targets yesterday and with it holding up I thought it had trapped shorts and so I was looking for any support to reclaim and hold and perk. If it reclaimed the premarket support of $3.35 then I would be interested. It popped through it so I looked for it to confirm holding and perking. In one candle it dipped and then right afterwards it ripped to nHODs so it didn't give me a chance to get in. It might not have been worth it anyway since it traded like it was bipolar the entire day.