As I wrote last night, I have some house-guests, so this is a short post.
Here are today’s trades, with little comment:
- + BOT 200 GGC false Stock 16.410 USD SMART 09:31:38 1.00
+ SLD 200 GGC false Stock 17.610 USD SMART 09:41:51 1.00
GGC was negative in pre-market. I bought it just a minute after open after it jumped green. I had incredible patience for me, selling 10 minutes later after it twice failed to take out big offers at $18.10. This turned out just like I thought it would.
- + BOT 800 IBNK false Stock (NMS) 1.829 USD BATS 10:01:47 4.00
+ SLD 800 IBNK false Stock (NMS) 1.760 USD SMART 10:16:04 4.00
Pre-leader long on breakout to new high. Small trade. My winning ratio on this type of trade is poor and I net about breakeven overall.
- BOT 200 GERN false Stock (NMS) 8.8397 USD SMART 11:12:34 1.00
+ SLD 200 GERN false Stock (NMS) 8.970 USD ARCA 11:13:50 1.00
Bought on red/green (a bit slow). Halfway decent trade.
- BOT 500 INO false Stock 2.01 USD BATS 11:21:02 BookTrader 2.50
+ SLD 500 INO false Stock 2.040 USD ISLAND 11:22:18 BookTrader 2.50
Pre-leader long. If I had given it more room to run I wold’ve had an easy 30 cent profit.
- BOT 500 VHC false Stock 4.38 USD SMART 14:26:39 2.50
+ SLD 500 VHC false Stock 3.898 USD AMEX 14:27:50 2.50
Dumb play on VHC, I had the right idea but I was slow to sell and buy. I am generally bad at quick-moving plays like this that can go either way.
- + SLD 3,000 PAL false Stock 3.110 USD SMART 14:25:52 15.00
+ SLD 3,000 PAL false Stock 3.088 USD ISLAND 14:28:29 15.00
+ BOT 3,000 PAL false Stock 3.020 USD ARCA 14:59:31 15.00
+ BOT 3,000 PAL false Stock 3.030 USD SMART 14:59:48 15.00
PAL was what I call a fat-fingered short. I don’t mind going reasonably large in these; risk/reward is good although this strategy leads to occasional big losses. In this case it was CNBC pumping it. 40 cents (18%) vertical moves in 30 seconds are in general good shorts unless there is real news. It didn’t turn out as I predicted but I still had a halfway-decent profit.
For your reference, here are my year-to-date profits for the above-mentioned trading strategies:
|Avg Profit %||0.55%|
|Wtd Avg Profit||0.86%|
|Avg Profit %||0.66%|
|Wtd Avg Profit||0.26%|
Today I netted +$348.39.
Disclosure: No positions.