Update: Here is my auto-tuned trade recap in mp3 format.
DDRX & CBOU nice breakouts. DDRX had a positive article in IBD while CBOU is up in sympathy. I bought and sold at a loss DDRX at 3pm EST today. CBOU I played earlier on the break above $9. CBOU has crappy volume but DDRX should have nice follow-through tomorrow. The ideal play on DDRX would have been to buy it on the huge breakout above $26.
VRMLQ had a nice breakout above $20 today and I made $1 per share on 200 shares. It is less predictable for tomorrow and the spread is horrid, so no play here.
Trades today:
BOT 200 VRMLQ false Stock 20.00 USD SMART 09:37:48 1.00
SLD 200 VRMLQ false Stock 21.00 USD SMART 09:55:30 1.00
BOT 500 CBOU false Stock 8.87 USD SMART 12:24:13 2.50
+ BOT 4,860 CBOU false Stock 9.009 USD ISLAND 12:25:28 24.30
+ BOT 200 CBOU false Stock 9.000 USD ISLAND 13:15:46 1.00
+ SLD 5,560 CBOU false Stock 9.222 USD ISLAND 13:18:17 27.80
+ BOT 400 DDRX false Stock 28.980 USD ISLAND 14:53:59 2.00
+ SLD 400 DDRX false Stock 28.400 USD SMART 15:28:19 2.00
-$236 on DDRX
+$198 on VRMLQ
+$1199.92 on CBOU
Daily profit: $1161.92
Disclosure: No positions. I have a disclosure policy.
AAPL near all-time highs. Could be nice tomorrow morning, but it is not a penny stock, so less predictable.
SNIC nice breakout on $6.50, some older resistance around $6.80. Could be a good long on green tomorrow.
Thanks again for helping me today.
That was a great seminar, I really enjoyed it.
Preston – check out my edit to the top of this post!
It’s telling me the file number has an invalid format, that maybe something from my company computer.
I can’t get it to play.
Everyone else could get it to play and I got it to work in my browser (just click on the link, and Quicktime will play it if you have it) and iTunes.
Mother fucker!! I’m gonna kick myself for giving you that idea and not keeping it for my own use!!!
That was some funny ass shit!!! And VERY VERY good considering it was a off the cuff first attempt!! Shortay!!!
Preston, were you at the seminar today??!?!
No TIm, at the webinar though. I heard you speak and you did great. I wasn’t able to haer Michael, I will have to wait for the DVD.
Oh ok cool, I was gonna be pissed if you were there and I didnt get a chance to bump into you!
Nice way to get a profit off the TIMAlert-engineered breakout…by the time I got the text message, it was already at 9.15ish so I didn’t make much off of it
TLR broke out to a new high
Awesome shit Reaper…..
I don’t see much so far in pre-market, maybe someone else does.
Preston, How do you use ToS to scan the pre-market?
BPAX blastin off!
LOL your autotune thing is great. Stick to Your Trading Rules could be a new hit…
http://s3.gohnjanotis.com/trading_rules.mp3
finally could listen to it. Cool!
holding USEG – short at 6.50
bot to cover at 6.13 +$111
finally made a good trade after like 11 losses… friggin pathetic
Don_S, it was in another post on this blog;
I use the stock hacker, set my last from .25 to 15.00, use 30,000 min on the shares. Everything else is blank, I look for the differences between the previous days close and the bid ask of the current day, it’s a little work but it’s the only way I can do it. if it gets to huge I might up the volume some. I also set the show list to 250 per page. You can customize the headers to put the bid ask right next to yesterdays close so it’s easier.
When I see one running I then put it in that days watchlist for a long or a short if it acts right, at the end of the day I move it to short on red for the next day. Being new I don’t play much but I am learning to set up better for when I am better at trading, if ever.
OPTT was a good play on green/red, I have been in meetings and missed that one, though I don’t think I would’ve found shares.
USEG just went Green on the Day … at 6.80… resistance at $7
Preston, Thanks I will check it out.
Arggh! Why am I such a cheap bastard?! I didn’t want to pay the $13 for wifi at my hotel so I am tethering off my 3g cell connection. I haven’t been able to listen to “I am an effecient scalper” yet b/c my bandwidth sucks.
I usually screen for stocks with >1k shares in premarket when using IB.
Statistically speaking, I make money more often when trading AMEX plays but I almost never do that.
I often tinker with the limits to minimize, or sometimes maximize my views. Sometimes I put a max in the volume, usually about 45min before markets open so I can get out C and some of the hot ETF’s that are in play.
Michael, being frugal sometimes has it’s downfalls, ha, I wouldn’t know because I have no limitations on my spending.
blah, jamal, there is no comparison from what you put up there to using ToS for scanning for pre-market leaders. I have two default charts set (5day 5 min and 1 year day) that I dump the stocks into (from the click of a button) so I can get a feel if they are breaking out or just up. I have to look at old resistance and support to determine what they are doing, the recent news and earnings will automatically pop up once I load it in a chart. I am not the best by far but there is something to looking for a true pre-market leader, a lot more than just scanning a Yahoo board for NASDAQ stocks, IMHO.
currently hanging out near D20 at McCarran Airport in Vegas … got a couple hours until my flight, gosh I love free airport wifi. Anyone around and want to drop by?
Thats funny I’ve been sitting in terminal C for most of the morning, would go say hi but looks far and my flight boards soon, Mccarren’s wifi is great huh?
Anyone else looking to short TSTC near Highs?… Its up a pretty lot and it’s pretty late in the day… The company is already 100$million in market cap, and they provide only 2G and 3G services… 4G is just around the corner… Granted this is the high of the last like 10 years…
I would sooner rape a rabid monkey than short a stock that just hit “the high of the last like 10 years”
We may have found our second Metaphorical statement for your blog.
LMFAO… im curious as to why he was thinking about “a rabid monkey”. But alright, i’ll just watch it…
Maybe I overstated my case, but an all-time high on huge volume is bullish, and prior to today it hasn’t run up quickly so it isn’t particularly overextended. It could pull back some but I think r/r either way isn’t great.
Bot TSTC at 11.29 instead…
Bot TSTC 11.29 and sold at 11.62… +$56
I’ll save it for the watch-list. I agree, still has potential… Its fluctuating a lot though, so i figured short as a swing trade… It very well could break to a new high by the end of the week.
I love TOS ‘s platform… you can see the orders being placed that move the stock up and down… helps alot when choosing a price to get in and out at.
And you can short!!! But commissions are a little nicer with Zecco.