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Showing posts from March 18, 2018

March 23 -$290.18 almost exploded account, but save it back with DBX

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[earning picture] Watchlist  $FB $TGT $SQ $MU $MDGS $DPW #NKE Strategy : 1) trade on 1 gap up in the first few minutes 2) Trade ABCD 3) Trade double bottom reversal Chasing the high has costed me almost $1000 on $CALI.  $CALI [rating] Chasing the high, add on the pull-back =  -$1000 NOTE always look at volume. We can see weak buying volume at the beginning, $MDGS NET $200 . Trade could be cleaner. Again ,for 1st min buy, I think I should only target anything wiht profit above $50.0 NOTE: Notice that these Low float stock, can short sometimes. Why? no much buyer interest, people taking profit by dumping shares and there is no way it is coming back. $SQ Quite happy with SQ trade. Short on 5-mins break down,  Traded on double bottom reversal and when see price bouncing up on support, 3-4 times I decided to go LONG and sell around VWAP which it did. NOTE: I think it is a safe and low profit trade strategy.   Next Day plan D...

March 22 - $559.50 - After 2 days loosing streak of more than $2000.

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Watchlist  $OMER $TWTR $SSC $OMEX $SNGX Strategy : 1) trade on up gap up in the first few minutes 2) Trade ABCD $SNGX[8/10] Identified that if it open above $2.40 I should get in the trade. Buy at $2.40, sell half $2.45, sell another half at $2.5. It got halted and I get out at $3.54. I see it coming down , with a huge volume and decided that it could be real selling off, so i took a short position, added slightly more on way down and get out at 2.69 NOTE: i realize when I dont act too hasty sometimes, I made good trade. $OMER[rating] Traded down when I see big bid sizes. Not a very clean trade. I am glad i made a good decision not to trade around VWAP. I think i realized that I always get on the wrong trade around VWAP. NOTE: Stop trading around VWAP. 

March 20 -$2650 bad day that I lost control of myself

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Watchlist  I thought I am a cool person until today where i made mistake after mistake withouth any risk control. To stop this from happening, I am putting on sticker note on my monitor where hard stop for the trade is at -$500. Maybe I should also create another mantra where I will need to read every morning before start trading. Strategy : 1) trade on up gap up in the first few minutes WYNN price little on high side : mainly try to trade on wynn 2) Trade ABCD Next Day plan Day note 

March 19 - +$433.87 quite a good day with patience. (No over-trading)

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  Watch List $HRTX $FB $MFGP $GERN $MU OPTT Strategy : 1) trade on up gap up in the first few minutes 2) Trade ABCD 3) ORB 30 mins $OPTT[rating] Traded long on OPTT at first few minutes to get some profit. Sold twice and get out on entry price with a profit of $102.7 NOTE: for first 5 mins trade, don't be too greedy and always get out with some profit and at entry price. $HRTX[rating] Bad at the beginning of the trade for holding loosing position for too long.i Set a couple sell but it never get filled. I lost $411 on that. I traded again later at 11:05 seeing it traded around and below ORB 30mins. Get $112 on the short. There was a moving average at 26.55 and when I see it makes 5 mins high, i take that profit. Let's see where will it go for the rest of the day. NOTE: Try not to hold a losing position. $NFEC[rating] Saw an bull flag pattern and strong momentum trying to break the high of the day. Got in for 20% BP, which is quite r...