Trading Recap 7/31/15

Well, I didn't trade for the entire week, which is good and bad, I suppose. Good in the sense that I am being more patient and selective for setups that fit my criteria. Bad in the sense that there were very easy plays that I did not trade. I will have to find a balance but I think I am getting closer to having better entries and being overall more selective. I'll go over the trades I was thinking of taking today.

TASR: I initially wanted it to pop to 29 or 30 before failing for a short but that never happened and instead it just went lower. It was hard to trade it after the initial drop since there was a wide stop and it mostly just kept going lower. Later on, it formed a base and I thought about shorting the base break, which worked great yesterday on it. I put in an order but didn't get filled and while I thought I missed the move it came back and I put in another order that didn't get filled but it just held, so I waited and it ended up just consolidating before going higher. So, it was fortunate that I didn't get filled although it would have been a breakeven trade or a slight loss.

MDVN: I thought this would be a good short since it wasn't on anybody's radar and the reason it was up was just because of a stock split. I thought that people might have chased it because of what happened with NFLX but this stock doesn't have that sort of momentum. I thought about shorting but it wasn't a clear setup so I avoided it, which was good. Later in the day it formed a base and I thought that would be a good short. I'm not sure why I didn't take it but it doesn't matter since it didn't do very much.

Trading Recap 7/29/15

I didn't take any trades today mostly because there wasn't really anything out there that interested me. The day after earnings plays I don't typically care for unless a setup is extremely good. The only thing I might have played today was RJET, which I'll detail now.

RJET: SSR squeezer that I was interested in shorting on the backside. Definitely wasn't going to step in front of this one unless it was for a scalp. I was looking at $5.50s to peak to enter in. They had gotten taken out so I was looking for a confirm retest and fail. When it did go to retest, however, it looked like it had reclaimed. But then it dropped again. however, it looked like a higher low and at the time I really thought it could come back. But it didn't and fell to $5 where it held the rest of the day.

Trading Recap 7/28/15

I did not make any trades again today although I wish I had.. yet again. There were some very easy setups that I could have banked on that were completely stress free but I did not capitalize on them. I'll just recap some of the trades I thought about taking.

PGNX: This was by far the easiest short I have ever seen. It was one of those random stocks that gap up and usually end up falling right back down. I had it on watch for failed follow through. It made nLODs and while that wasn't the most convincing setup, it made a perfect lower high off which I could risk off of. I thought it would just screw around though and not fade all the way back. I have to get rid of the thinking that a stock won't move that much in the direction in which I am anticipating. The reason I thought that it was mostly over with was $10.5 was around 50% from the last closing price to the highest spot it gapped to. I have to remember that on these random gap ups, these are perfect setups for me to bank on since not a lot of people are aware of them and they won't squeeze since there aren't too many shorts. These often just fade back to where they came from within the day.

ITEK: The only trade I can remember thinking about taking is for a late day breakout since it was consolidating nicely throughout the day and I remember stocks like GENE and VLTC used to do that often when they were running. However, I guess everybody was thinking the same thing and the opposite happened. I need to keep that in mind going forward.

Things to work on:

1. Don't think "Oh it can't move that much more" if it is an ideal setup.
2. Always keep sentiment in mind and if a trade is crowded - keep the news YT video in mind.

Trading Recap 7/27/15

I didn't take any trades today as I am just going to be ultra-selective in my plays. Unfortunately, it wasn't a good start since a lot of plays such as MNOV I completely missed but at least I didn't lose, I guess. I'll just recap some of the charts/stocks I was looking at.

ITEK: Only trade I saw was in the morning when the SSR turned on for a long into the inevitable ramp up. I didn't take that since it was high risk. Other than that I guess a short later on would have worked but to be honest that is in hindsight and it could have easily ramped back.

MNOV: I originally thought people would chase this thinking it would be another ITEK and then it would be a good short. I saw the lower high in the morning but wanted to wait for the backside. Unfortunately, the backside came when $5 peaked and I was looking for a more definitive retest to get short on. It just sort of peaked there with the 1min candle vs. making an actual lower high there. I didn't want it to reclaim on me. The thing is though is that on the 1 min it looked like it had a higher low and so even after $5 didn't perfectly peak out, I still didn't want to get in because I thought it could go back up. If I switch to the 2/3min chart, I guess it would have looked OK but I am not sure if I would have shorted knowing what the 1min showed.

TEVA: I was short biased due to always wanting to short the acquirer (like CELG) and was thinking of shorting at $69 which was the premkt support. This would have worked for a bit before it came back and reclaimed. I was eyeing it later in the day for 69 to peak but it never did.

OGXI: I saw this was gapping up in premkt and saw no news and no one mentioning it on twitter so I thought this would be an easy short. I saw the descending triangle forming and I was going to short but my trading buddy got me out of it. It probably would have been a slight win/breakeven trade in the end so it wouldn't have mattered. I didn't see later on that it reclaimed and held trend otherwise I might have went long for an EOD rip.

NYMX: I thought about shorting it around 11:25, which would have been ok for a scalp. It ended up coming back later in the day but it got stuffed and fell further.

Traing Recap 7/24/15

Back to new account lows. I have lost all the money I made from selling the watch. I may stop trading because there is no point in trading with a sub-$700 account, I think. I may just wait for another possible squeezer to go long. If I have to wait a few months for another, then so be it. It is odd because yesterday I felt good about actually going long ITEK (even though I stupidly stopped out but at least I got some of the action towards the top). After today though, I'm not sure what to think. I need to figure out what I am doing wrong. Sure, having a "normal" sized account would have kept me in some of the trades (including ITEK) that I ditched for a loss or breakeven when they really were right all along. But overall though, the trades I take are just wrong and truth be told I would have had more success doing the opposite of whatever I do. Maybe it is because I just solely trade price action and look at the nitty gritty 1min chart. Maybe it is because I trade the wrong stocks. Maybe I just don't have that intuition that others seem to have that goes beyond just trading the price action. I know I suck but I really don't know why I suck. I have studied all the material and have written several pages of notes I have memorized but through it all I can't seem to do it and I don't know why. The most basic stuff like add to winners and cut losers I do (probably too well), I don't overtrade, and I know the basics and a bit more. Like my account, I am at a loss and don't know what to do. It seems futile to keep fighting at this point and to be honest I just feel a lot better when I don't trade and don't lose money like my usual daily ritual of losing. Sure when I get a win it feels great since they don't come often for me (out of the 24 names I have traded, 5 are winners including commissions - pretty sad) but at the end of the day I just think well it'll probably be gone tomorrow or the next time I trade. I have never had a two day streak and I never had any of the beginning success others have. If I had some success and pissed it away at least I know I could do it again but I have nothing at all.

Anyway, that felt good to get off my chest.


White arrows are entries followed by exits.

ITEK: I went long for a potential breakout that failed. It was having higher lows and I thought it flushed and reclaimed. It ended up going lower before going higher and making new highs. Right idea, wrong timing. I wanted to short later on and good thing I couldn't due to bp on suretrader being restricted since it came back and ripped. My idea was it was consolidating lower below the prior resistance after breaking out, which is usually a good sign to short.

EXEL: Not sure if this was a random name to play but I went short after it looked like it had a failed breakout. It ended up going higher before going lower and making new lows.

Here are some of the names I wanted to trade but didn't get filled on (again the ones I don't trade I would have made money) - I really don't get it.

CALA: I wanted to short this since it went up on what was supposed to be an upgrade but actually was a downgrade. It had nice lower highs and looking back to a few days it did a similar thing before fading lower. So I wanted to get in in anticipation of the 10 break and then add in when 10 peaks. I didn't get filled and tried again when 10 was peaking and also didn't get filled. I ended up going to my $9 target.

FTK: I thought this was a random name and didn't want to play it but a short on the base break would have worked nicely. Base break shorts like this lamost always work but I didn't want to play a "random" name like I have been working on. I'm not even sure what constitutes as being something with momentum/something I should play anymore.

Things to work on

1. Not sure at this point.

Trading Recap 7/23/15

Today I was profitable in profits but down overall with commissions. I was mostly happy with the way I traded although I really wish I could redo things.

White arrows are entries followed by exits.

ITEK: Crazy action and I never shorted it although it did look weak. However, I did go long at 8.30 and stopped out for a loss.... I read it right but stopped out when it broke the 8.2 support. The risk was really 8.2 over/under but I didn't want it to flush on me and so I bottom ticked the drop. Huge opportunity wasted. I went long later on when it looked to trap and squeeze via dropping below support and reclaiming and holding a higher low (which it did the entire day) and that was a decent, quick winner.

CZR: I went long the ABCD but SSR was on so I should have waited for some dip (if I waited I wouldn't have gotten in anyway probably since it just dropped right away after I went in). It ended up fucking around for the rest of the day.

Things to work on:

1. Don't buy breakouts when SSR is on.
2. Use multiple timeframes. 

Trading Recap 7/20/15

I had another loss today among a lot of opportunity today. I am not angry though since I think it was a good trade, I just wish I picked something else to short..

White arrow is entry followed by exit.

EXEL: This might be close to the quickest loss I have ever taken. I shorted after it looked to have gotten stuffed and had lower highs anticipating an uptrend break. It happened but then quickly got bought back up and reclaimed with huge volume. I stopped out soon thereafter and after checking Twitter I saw that a firm had raised their view to Outperform right after I shorted it (just like ANAC). I originally wanted to short this in the morning and it would have been a good short but I missed that. The whole reason I was interested in shorting was because of the BMY news that came out at the same time EXEL released their data. I thought this could possibly fade the entire day even though it had already retraced 50% or more of its gap. This might have been a crowded trade but I did not get that vibe from looking at Twitter, although I just look at what my follows are saying so not sure what everybody else did. I think it could have faded had that Outperform not come out.

ETSY: I wanted to short ETSY after the huge run it had because the reason it moved is mostly BS. I never found an entry until later in the day but didn't get filled. After the SSR got on, I became cautious but I saw a nice pattern form with lower highs and tried to get in but didn't

AFMD: I had this on short watch and was looking for pops. It never popped but had failed follow through which I should have started into. I will have to remember failed follow through going forward.

Things to work on:

1. Remember failed follow through momentum.

Trading Recap 7/17/15

I had a decent loss yesterday when a stock I was long flushed below my stop and I panic sold, so there goes my CELG win and a bit more, unfortunately. It's my fault for staying red though as there were other stocks that could have brought me back to green or breakeven but I either waited too long or was just too scared. I am just going to do what I should have done a long time ago and just focus on the trade and not the money. If there is a trade that I think can work, I am going to take it. I don't really care if I lose or make anything anymore. I just want to trade well. I may also work on partial entries to avoid having any bigger than usual losses and then just add on some sort of confirmation even if my average gets a little worse.

White arrow is entry followed by exit.

CEMP: This may have been a case of trading a random stock but I thought the chart was primed for new highs so I added it on watch. In the morning it did make new highs but then pulled back and made a higher low and it looked like it could have gone higher from there so I went long with risk to r/g. It pulled back but then came back a bit and I thought it could go but it didn't so I was about to sell and I was about to sell it just tanked and I only got partial filled so I had to cancel that order and sell for a bigger than expected loss. Looking back, it looked like a lower high so maybe it wasn't the best entry. It eventually ended up making new highs later in the day.

SRNE: I had this on long watch for weak open r/g. It never had a weak open but it did consolidate nicely before going higher. The key, looking back, is to look for increased volume for confirmation before the price action. So, before it spiked higher there was increasing volume and higher lows with a nice base so that is a bullish sign. I was not looking at the volume and did not pay much attention to this stock but in the future if I see this I will look for increasing volume on different timeframes (since it wasn't as clear with just the 1min chart).

OHRP: Just want to put this here as a reminder to myself that when a stock doesn't want to break that level of support after a while, it's better to just take it off when volume comes in. OHRP based at 3.63 for a while before volume came in and it bounced back. Also of note is the nice rejection pattern at resistance in the morning.

VLTC: I was short biased in the AM but then saw higher lows and should have gone long. I did see a very nice trade opportunity at the top where I was going to short but just didn't. It was at 1:50-2 where it looked like it was going higher but it got stuffed on huge volume and looking at the L2 in real time I saw it could not get past that 10.48.

ETSY: I wanted to short what I thought was a silly reason for the stock to move (just a mention within Google's earnings report) so after it went parabolic, I was going to short the $22 test and fail which would have worked nicely but I never did it. I then actually put in an order to short it on another bounce but that would have just been a breakeven trade since it held a higher low and just continued higher.

Things to work on:

1. Forgot the $. Just trade well. Don't care about money - whether you win or lose.
2. On certain stocks, take a partial and then just add on some sort of confirmation.
3. When stocks are basing, look for volume to go long/cover.
4. Continue using multiple timeframes and not just the 1m.

Trading Recap 7/16/15

I had no trades today although there was plenty of opportunity and I wish I did place a trade. Most of them would have worked out very nicely and some wouldn't have. Usually, any trade I take goes against me but today was the day where most of them would have worked and so I lost out on some potential money by not trading instead of incurring more losses. I am glad I stayed away from shorting most of these names, however I have to realize that on some of these huge momo names that if it's not a short, then it should be a long in most cases and I should avoid any bias and just take it long if I still think it has room to go. These are some of the trades I would have taken.

VLTC: I did not expect this to go as high as it did and while I avoided shorting it on the way up, it was a long trade the entire time. The whole time it never cracked a prior support level which then acted as resistance.. until much later in the day where it was a good scalp short. So a good lesson here on these extreme high fliers is that until a prior support level is broken and peaked, don't bother shorting it. This would have worked slightly on OHRP yesterday towards the end of the day for a scalp since it did continue higher for an EOD breakout. A prior support level being broken doesn't mean the backside is in on these though, the real line in the sand may turn out to be a couple levels lower.

OHRP: I was going to short this because it looked almost exactly like two days ago when it faded. However, I decided against it (mostly due to being afraid) but I guess that worked out this time.

ZGNX: I was also going to short this but never bothered to do it. This would have ended up being a loser or a breakeven trade for me. I wanted to short this because it looked like it had a failed breakout attempt and came below the resistance which acted as resistance again. I decided against it due to low volume and its slowness. It ended up going a tad lower before ramping right back.

NDRM: This was gapping up nicely with decent volume so I put this on watch. As it pulled back I thought that it would flush below the support and reclaim and trap shorts and hold a higher low and squeeze. This is pretty much exactly what happened but I wanted it to pullback lower for low risk to base the trade off. That never happened and although I knew it looked ready to go, I never pulled the trigger unfortunately.

NFLX: This is the one I am really disappointed that I missed even though I called what would happen perfectly. I saw that the stock had came below the support and when it reclaimed I thought this was ready to go because of all the momentum behind it. It was low risk too.

IMGN: I didn't have this on watch but I saw on twitter people were talking about it so I checked it out and it looked good for a flag breakout. I was going to go in but it just spiked and I thought my chance was over but it ended up running crazy for most of the day. Total miss.

Things to work on:

1. Remember to go long on these huge momo names when they offer an opportunity to.
2. Don't short them either until they break support and peak at one level at least.

Trading Recap 7/15/15

Today was a good day since I was decently profitable and kept myself out of a lot of trouble shorting some of these other names like ZGNX, OHRP., and SYN (before it puked). Had I chose to play those names short, instead of long, I probably would have a few decent losses right now. I think it is a sign for me to either just scalp on the front side or only play the back side for now until my account is, hopefully, much higher.

White arrow is entry followed by exit.

CELG: I saw this name being mentioned on Twitter and saw that it might be a classic "short the acquirer" setup. It had a nice uptrend going and I was looking to enter on a trend break. I saw it break trend around $135 and thought about entering there but I wanted a pop. I didn't get a pop and it went lower so I thought I missed it until it rebounded back to $135. I entered there with risk to HOD and it was almost smooth sailing for the most part, especially once it broke $133.67. I did cover a bit early at $133, although I don't know if it would have rebounded had the market not taken a giant shit at EOD. I thought about reshorting it where I had covered but I didn't think it would be worth it. Overall, a good trade.

SYN: I had this on short watch since it was up three days in a row and looked pretty extended. I was going to go short in the AM when it had a nice wedge setup and it never broke down from the wedge but only went up. I wish I took the long but this is all in hindsight. I am just glad I did not short it early. It did end up dumping pretty nice and surprise, they announced an offering for the stock after hours. Using Michail's gravity formula $4.3 was a perfect place to enter but it looked like it could go higher. There were no retests of the prior $4.15 support to start in either, just continued flushing.

OHRP: I was also going to short this earlier in the day around $3.40 but Suretrader logged me out of the web platform and it had gone down a little bit before coming back up so I decided against it. Going into tomorrow I will be looking for scalps on the front side or wait for the backside. It's not worth the headache.

ZGNX: I also had this on short watch since it looked a bit overextended. I was going to short in the $18.80s area but it was forming an ABCD so I left it alone which was good. I could have went long, I guess, but I was afraid of it stuffing on the ABCD breakout like some of these do. Later on, I was watching for the support to fall and retest to start in but that never happened. It flushed below it and came right back up. It was a pretty good short trap.

ACAD: This had a pretty decent parabolic in the morning after going red and I was thinking of shorting after it was consolidating. It flushed a little and I thought I missed it and then it had a lower high which I was going to short but was too late. That turned out to be ok though because it just went higher. I was going to get in in the $51.20 area but it went higher than that too.It eventually faded nicely the rest of the day after the backside was in and $51 peaked.

Things to work on:

1. Continue being selective in your trades.
2. Only scalp the front side or just play the backside.
3. Make sure to consult multiple timeframes and not just the 1min.

Trading Recap 7/14/15

Yet another losing day today. I had a lot on watch like VLTC, OHRP, BIOC, GENE, etc. Those just did not offer any opportunity for me (in hindsight they did) to enter. I entered another trade that I should not have or at least gone the opposite way because of how news is interpreted can affect stocks in opposite ways, as mentioned before in an older post.

White arrow is entry followed by exit.

MU: The one time I actually short this thing out of all the other times I wanted to but didn't and it doesn't work. I saw that they got a takeover bid that might have been fake and that is what it seemed like. So any pops I was looking to short and that is what I did. However, what I forgot to realize is that everybody thought it was bullshit and so the inverse will generally happen, and that is exactly what happened. Where I entered short would have been a very decent long entry after it had subtlety reclaimed support on the 1 min chart. I had forgotten about this way of thinking about news plays but I think after taking this loss it will be more ingrained for the future.

BIOC: This stock did what it always does and it just popped a tiny bit at the open before fading right back down. I had forgotten that but even if I didn't there were no lower highs, it was just a pop to 3 which I could have shorted I guess but this didn't move much anyway.

VLTC: This was pretty much a straight fade once it had peaked at yesterday's highs. While in hindsight a good place to short, I wanted to see lower highs first and they never came. Instead, it just touched yesterday's high and came right back down, like a parabola. There was another pop later on but I didn't short it.

OHRP: This was a tricky trader as far as patterns go. It dumped below 3.5 and below the 3.42 support and consolidated below it before reclaiming it which made me hesitant to short it but it just had a lower high and flushed lower. I guess the lower high before breaking the support was the cue to short. Overall, it was an "easy" short since it just went lower for the most part but I could not find an entry I was comfortable with.

Things to work on:

1. Always remember when playing news plays how the news is being interpreted by most people.

Trading Recap 7/13/15

Well I had a decent loss today so there goes any potential for a two day streak. I may have been screwed a little shorting something that got a price target increase right afterwards but I'll never know if the trade would have worked had that not happened. Either way though, it's my fault for being red on the day as there was plenty of other opportunity that I saw but never took.

White arrow is entry followed by exit.

ANAC: I had this on watch due to the premarket action and I was short biased since I have seen a lot of these types of gap ups fade for the rest of the day. At around 10:30 I saw it peaking the prior support and it looked like a nice short pattern (HOD consolidation/descending triangle) so I entered short with risk on $123 over/under. It looked good so I added in after it made lower lows with risk on $121 over/under which might have been too tight but it looked good for a fade. Unfortunately, it came back and I stopped out for a decent loss and right after a price target increase was announced so that was bad timing.

Here are some of the other plays I wanted to take. Yet again, all of them would have worked and the one I actually take fails.

CUDA: I had this on watch for a short after seeing what MU did and remembering that it continued to fall the day after the initial gap down. I wanted to see Friday's LODs peak first before entering but then realized too late that that wouldn't be the best entry. I did lower highs before it went red on the day and could have entered there, however with the price action that followed I am not sure if I would have held for the rest of the day to see it go lower. In fact, I probably would have stopped out at the top of the bounce with a break even stop.

OHRP: I actually thought about shorting it around the 10:00AM highs around $3.70s although nothing really seemed to show that it was a top there. I just know that professional traders like Nate usually like to scalp around .70 on these parabolics. After that I was looking to short after 3.30s peaked to indicate it was the backside of the move. It was sort of sketchy and hard to discern in real-time whether or not it would fade or continue higher but it did go lower, but not for much. It held a bit and started higher lows and while it still the backside, I was thinking of going long for a reclaim and squeeze. It broke out and there was a perfect retest and perk off the support that I did not see and it was off to nHODs from there. A total miss both short and long but mostly long.

XOMA: I had this on long watch but it had some nice short patterns which I did not end up taking because I did not think that it would have been a good short. Unfortunately, it ended up flushing almost a dollar from where I would have entered. Very nice HOD consolidation pattern like Friday's action at 4.70s.

Things to work on:

1. Stay focused if there are other opportunities going on and don't just check out. This is supposed to be your job.
2. Be smart when adding and although tempting, don't add more than what would violate your rule about not taking a trade if the stop would be too wide.

Trading Recap 7/10/15

I was actually profitable today and I believe that is part in due to the fact that I cut my watchlist down and stopped watching these bullshit stocks with no momentum/volume. Any stock I play has to have some sort of reason for the move. It doesn't have to necessarily be a fundamental reason but it can't just be a technical pattern on a random stock. I did miss one extremely easy layup today but I am just happy I am profitable. I am going to shift my focus to just being consistently green everyday and try to make $50/day (or at least green). I should have done this a while ago but I thought $50/day is too small and I should be going for $100+ gains. But that is unrealistic for my account and I am just tired of losing. We'll see what happens.

White arrows are entries followed by exits. First two are entries and last is all out exit.

SGYP: This was the first stock I played and I was looking for continued selling for a short. A descending triangle formed and it looked to have peaked 8.9 so I started in short before the 8.8 support cracked and when it did and it seemed to have peaked, I added in but it reclaimed so I took it off when it looked like it was going to go higher. At the time I covered, it actually looked like a stuff because the offer had absorbed a lot of shares and volume came in but it didn't budge. It went lower to retest 8.8 and I thought I topticked it yet again but it just ramped higher and continued higher for the rest of the day. Looking back it didn't seem to have really peaked but almost based just below 8.8 but it is difficult to ascertain this in realtime. I will look out for this in the future though. This is definitely a tricky stock.

XOMA: I had this on watch for r/g and almost took this off until I saw it consolidating and perking above the consolidation. This was a classic r/g setup and I knew a lot of people were watching it so I went long. I then added when it went green and it consolidated before going higher. I played it well and held it until it had a lower high and lower low. It had a HOD consolidation pattern and went lower but looked to have held a higher low and perked before getting rejected and coming back down. The only thing I could have done better is add earlier before going green but it was still a decent gain for me.

KONE: I completely missed this layup short. I thought this would squeeze a lot more but I guess everyone is more careful after the PBMD fiasco. I saw it perk above the line in the sand only to have it peak again and I wanted to get in at 6.70s but I was preoccupied with SGYP at the time and it just flushed so quick and afterwards I thought it wasn't worth it anymore but it faded a decent amount more the rest of the day.

Things to work on:

1. Continue to narrow your focus down to a few stocks that actually will move and provide good trades.
2. Become consistently profitable.

Trading Recap 7/9/15

Today was yet another losing day. I traded a stock with little volume, which I shouldn't have, and then I shorted a stock that I probably shouldn't have shorted. I have to keep refining the stocks that I play because there was plenty of opportunity today. I also did what I said I would and monitored the performance of stocks that come from scan and are just random names. For today, it was just one stock and it did absolutely nothing so it would have been a waste of screen real estate and focus.

White arrows are entries followed by exits.

NTIP: I had on this short watch for either a fail at 3 or 2.6 peak over/under. It fell at the open and then it seemed to have peaked but then it spiked later and made nHODs before coming back below the 2.6 line in the sand. It looked like it had rejected the nHODs so I went short but when it was holding and spiked a little I covered (not giving it enough room like I have said before) and ended up covering at the top (again...). It was a slow ride down the rest of the day but it did hit my target price point before ramping back up. I covered mostly because I was afraid it could spike higher and I would take a bigger than expected loss. For stocks like this though, if there is little volume/trades happening it isn't worth it even though they can work out.

NEO: I saw that this running either on nothing or a price target increase by Roth Capital, which is a bullshit firm, I believe. I was on the watch for a short and saw that it got stuffed on a nHOD attempt and it tried to go again but couldn't so I wanted to go short but missed it but then got in on another lower high. This was still front side so I was playing small until 6.3 peaked. Right after I got in, the stock dumped a little so I thought I was good but it ended up holding and making a higher low and slowly curling up and when it perked I got out for a loss.

Here are some other stocks that I was thinking of going into but didn't (and should have...):

WBAI: I saw a pretty nice descending triangle forming but knew the SSR was on so I didn't want to short it before the base broke. However, it did have a nice pattern of continuing lower highs until it finally did break. After it broke, it came and had a lower high which I was thinking of shorting but didn't.

NVAX: I saw this gapping on premarket and when the market opened I saw a nice higher low form for a long entry but I decided against it. I didn't have much confidence in it so I'm not too upset for missing it, I'm more upset about not taking action on WBAI.

SIXD: This was the stock to play today but the spreads gave me pause and unfortunately I never did anything with it. Looking back, I saw a nice topping pattern (hard to describe but it looks like a stock is going to curl down but has three or four big green candles instead and starts to sit back. I missed the initial pop but then saw it was grinding so I was thinking about a long but wasn't too sure about it and then I thought about shorting it but decided to forget it.

SGYP: I was looking for a short and when I saw it peak at a prior support level I wanted to get short but didn't because I didn't have confidence in it and I know this stock can go against your quickly.

Things to work on:

1. Continue following your rules of not taking a stock if the stop is too wide/ being patient when it goes slightly against you but still within risk parameters.
2. Continue to stop playing random names and go where the volume/action is.