I totally nailed shorts of two of the three stocks on my watchlist from last night. My trading plan was perfect for both. From my watchlist last night:
Gray Television, Inc. (NYSE:GTN) – After the last real news, earnings around August 7th, this stock was under $0.50. Now just under $3, this is an easy short on green/red. Was nice fader on green/red after first spike at the end of August, from $0.95 to $0.75 in three straight red candle days.
China Cablecom Holdings Ltd. (NASDAQ:CABL) – Up 100% in two days, just received a Nasdaq deficiency letter. Short on green/red.
GTN and CABL were also kind enough to fall at different times so that I could concentrate on one trade at a time.
My video trade recap:
Daily profit: $901.65
Trades at IB today:
SLD 2,000 CABL false Stock (SCM) 1.2000 USD ISLAND 09:35:32 10.00
+ BOT 1,000 CABL false Stock (SCM) 1.070 USD SMART 09:52:28 5.00
+ BOT 1,000 CABL false Stock (SCM) 1.065 USD ISLAND 09:52:30 5.00
+ SLD 4,000 GTN false Stock 2.950 USD NSX 10:52:45 20.00
+ BOT 2,000 GTN false Stock 2.720 USD NYSE 11:00:08 10.00
+ BOT 2,000 GTN false Stock 2.680 USD SMART 11:00:36 10.00
+ BOT 2,927 RT false Stock 8.947 USD ARCA 15:07:34 14.64
+ BOT 10,000 RT false Stock 8.965 USD SMART 15:07:40 50.00
+ BOT 10,000 RTK false Stock 1.970 USD SMART 15:08:21 50.00
+ SLD 12,927 RT false Stock 8.947 USD SMART 15:08:25 64.63
+ SLD 5,000 RTK false Stock 1.980 USD BATS 15:12:38 25.00
+ SLD 5,000 RTK false Stock 1.980 USD SMART 15:29:35 25.00
Disclosure: No positions. I have a disclosure policy.
Nice! I hit the CABL and GTN shorts about the same time you did, although I was more conservative on my profit taking than you were (took half off of both at around a 5% profit).
I see you also bought that nice breakout on RT 🙂