Too exhausted to post at end of day… crazy day with BPTH, I didn’t lose anything thank god (or make anything in it, bah). SEEL also active, I did trade that one and did ok. Feeling sort of burned out from doing these daily notes… I’ll put it on hiatus for now. Here’s a 1-minute chart of BPTH through 12:30PM:
Filtering by Tag: Trading Notes
Trading Notes -- 20190306 Wednesday
Broad tone poor, indexes down half a percent (the horror), but I had no idea since HTB SDJ BPTH (246K EOD) had all my attention. Took one stab at it with the bookie (0.02 borrow), lost, and of course didn’t have another day trade to “make it back.” Little angry with myself since I sized 2.25x in a greedy effort which means the loss was 2.25x more than normal, bad… but with multiple day trades of course woulda “made it back.” See how dangerous the thinking is? :-) Also ignored an early long in it which I approached as a potential short only (fixed thinking), which is terrible and costly. AYTU (34.5K EOD) and SSLJ (8.97K EOD sub-dollah) were interesting briefly in the morning, but BPTH was the only game in town, what a screamer. Kind of thing that could bust a cheesy ‘stache kid from the sunshine state, but we’ll never know since he only wins. Included four Day Two charts for your StuckAtaProfit enjoyment.
Trading Notes -- 20190305 Tuesday
Wife had doctor appt so more or less out all day … tried a quick short flier on DSS before leaving and stopped out at tightened stop, reversing there woulda worked, but it was a no play gamble, bad. Also the IB borrow effect was in play, since I had a borrow I just shorted willy-nilly as a result. That will change when I move to the bookie with the bulk of trading… also commish on 10,000 shares add up quick ($50 a side). TSX played a nice one minute reversal in PETZ (see chart below), but I didn’t open the bookie. Broad market mixed it looks like.
DSS 50.6K, PETZ 44.8K HTB, NCTY 31.1K HTB, AWSM 24.0K HTB … included CIFS and JMU charts to show what it’s like to be StuckAtaProfit after paying 7x for an overnight borrow.
Trading Notes -- 20190304 Monday
Broad tone neg, gasp, the horror, but indexes only down slightly. CIFS and JMU to HTBs du jour … IB had some CIFS PO but had to be pre-borrowed … JMU totally impossible to borrow, even the bookie didn’t have some at first (then found some) … CIFS 119K, JMU 55.6K … worked on getting long today, went pretty well though it felt extremely weird and unnatural, but I have to overcome this problem if I want to get back to making half a mill a year. Was flipping through watchlist and STNE was on there and I caught it just about right and it tanked, sort of complete dumb luck. BPTH Day Two was squeezy and I wasn’t involved since there was so much action in CIFS and JMU. YRIC sub-dollar Chynar garbage, no borrow at IB and bookie doesn’t allow sub dollar shorts oh well.
Trading Notes -- 20190301 Friday
Broad tone poz, you guessed it, market was up again, can’t have two down days in a row, hasn’t happened since last December. BPTH the HTB du jour… 191K … I took one stab at it in morning, took 0.5R loss and then was locked out under PDT. Crazy that I haven’t sent money over to the bookie yet, but will rectify next week for sure … good opportunity to short it in afternoon, but I’m not sure how many losses I would have taken before catching that, and then it rallied to new highs EOD as stuck shorts covered (didn’t want to pay 7x borrow cost, lol) … PBYI also in play 41.7K, shorted it late morning, got good cover on half, didn’t trail second half aggressively enough but still a sizable gain. Then it ran all the way back and made new highs, brutal. I’m sure people blew up on BPTH, it was nearly ZSAN-like scary.
Trading Notes -- 20190228 Thursday
Broad tone slightly neg … RKDA the HTB du jour (117K) … TGTX also in play (38.7K)… TTOO less so (20.3K) … ENDP (28.7K) woulda been good , but I didn’t see it in time, too busy goofing on TWTR. Traded RKDA and TGTX well, had to go to bookie broker for afternoon borrow in RKDA (0.02), which was a doozy — they smashed people and I was lucky to be able to hop on for the ride … didn’t handle exits especially well and had to leave early for massage, but I learned from some mistakes once again. TGTX dropped an offering at 16:01 the dirty bastards, but I was long gone. GEVO did 1,600 trades total on Day Two. :) Laying out the chart differently so I still have to tinker with that a bit. Found some neat YouTube videos from Steven Du … can’t say if he’s totally legit, but I like what I see. Glad to finish an atrocious month, probably my worst in the last two years, but I’m still standing and always learning so it’s good.
Trading Notes -- 20190227 Wednesday
Broad tone mixed … GEVO the HTB du jour, no good spot pre-open, woulda had to chase … shorted TNDM, messed it up a bit (paranoid given number of recent all-day runners) but finally got decent average, happy with covers, shorted SE on a 15 min setup, went my way more than 1R then reversed and I didn’t get out immediately, ended up taking planned loss which was an error, shoulda been a scratch at worst… I’m still working on the 15 minute play, how to manage, it’s tough, woulda been perfect long but of course I couldn’t do that! MTP another HTB SDJ, sub dollar though, didn’t really watch since no way to play.
Trading Notes -- 20190226 Tuesday
Poz tone, though flattish prices … FTNW the HTB du jour… 76,400 trades, nothing like CFIS yesterday but still… HTBX and ZYNE PO movers but no spots and FTNW had all the attention and money in the day trading world. Glad to finally exit KNDI, though driven out at trailing stop on final bit. Notes on charts:
Trading Notes -- 20190225 Monday
Poz broad tone, never a down day … CIFS TTNP KNDI UXIN … ACHV day two down 24% 9,600 trades, 181,000 last Friday, lol. Notes on charts.
Trading Notes -- 20190222 Friday
Poz broad tone (predictably, can’t have two down days in a row, been the case for months now) … ACHV the HTB du jour and the only game in town … all ZSAN losses recoupable but only if you acted off of PO difangs, no spot in regular hours, and they triggered SSR early, the dirty bastards … finally stopped out of DBD, crazy to hold it that long but better than monkeying with the original stop. KNDI the clown car company still holding up… it’s either going to go to new highs or collapse, take your pick.
