I received some positive comments on yesterday’s video. In the future I will post trade recaps and watchlists in either video or text, whichever seems most appropriate for the job at hand.
Today was an all GGC day. I messed up my first trades, going long GGC (as I suggested in my watchlist from last night) on its cross of $27 (breaking yesterday’s highs). Besides messing up by having too tight of a stop (about 50 cents for my mental stop), I was unlucky.
BOT 200 GGC false Stock 27.3300 USD SMART 09:31:35 1.00
+ SLD 200 GGC false Stock 26.870 USD SMART 09:32:22 1.00
After my first attempt at buying I got back in and was stopped out again a mere 12 cents above the day’s low. Luck plays a critical role in trading.
BOT 200 GGC false Stock 27.1600 USD NYSE 09:34:17 1.00
+ SLD 200 GGC false Stock 26.615 USD ARCA 09:34:57 1.00
But no matter, that was only a $205 loss on the pair of trades. When GGC spiked to $47.19 (up almost 100%) I looked to short as it faded. While Interactive Brokers had no shares, Penson did:
GGC 200 shares shorted 39.8189 covered 35.81
I got almost exactly $4 per share on 200 shares, netting +$801.77. Overall, not a great day but not bad either.
+$596.77 for the day.
While I missed playing it, NLS from last night’s watchlist behaved nicely and would’ve made a nice short. VHC was down a little more. FRNTQ was up big.
GGC – Could be a nice short on green/red action.
FRNTQ.pk – Will be a good short on green/red action someday soon. Currently there are shares at IB.
WUHN – Up 60% on no news with huge volume? This thing will very likely be up big tomorrow too. Buying it when it breaks today’s high of $3.51 would probably work. Short on breaking below today’s close (but it is unlikely to do so).
Disclosure: No positions. I have a disclosure policy.