Category: Pre-Leader Longs

Trade recap for Friday the 13th: Previous resistance becomes support; set stops accordingly

I have to be the only one to lose money going long NLST today. Oyvey.

After recording the video I bought 50,000 VGPR at $0.0201 and sold 50,000 at $0.021  +$23.62 realized

BOT    2,300    NLST    false    Stock (NMS)    2.3200    USD    SMART    09:32:00        11.50
SLD    2,300    NLST    false    Stock (NMS)    2.1700    USD    ISLAND    09:33:56        11.50
+    SLD    200    VRMLQ    false    Stock    23.500    USD    SMART    09:34:01        1.00
SLD    200    VRMLQ    false    Stock    22.90    USD    SMART    09:38:04        1.00
+    BOT    2,300    NLST    false    Stock (NMS)    2.337    USD    ISLAND    09:43:37        11.50
+    SLD    2,300    NLST    false    Stock (NMS)    2.280    USD    SMART    09:44:34        11.50
+    BOT    2,300    NLST    false    Stock (NMS)    2.430    USD    ISLAND    09:46:39        11.50
+    SLD    2,300    NLST    false    Stock (NMS)    2.453    USD    SMART    09:47:42        11.50
BOT    1,000    IMGG    false    Stock (OTCBB)    1.6400    USD    ARCAEDGE    14:14:35        5.00
SLD    1,000    IMGG    false    Stock (OTCBB)    1.6500    USD    ARCAEDGE    14:22:40        5.00
BOT    50,000    VGPR    false    Stock    0.0200    USD    SMART    14:56:19        5.00
SLD    25,000    VGPR    false    Stock    0.0220    USD    SMART    15:02:48        2.75
+    SLD    25,000    VGPR    false    Stock    .019    USD    SMART    15:26:42        2.42

Daily profit: ($99.86)

Weekly profit: $3264.56

For Livestock viewers, here’s the Grand Canyon from a helicopter:

helicopter

Disclosure: No net positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

Trade recap for November 12th: Reverse pseudo-arbitrage

Good recap today that explains how I practice share-class pseudo-arbitrage. Watch it.

+    BOT    1,000    CNLG    false    Stock (SCM)    1.815    USD    ARCA    09:36:18        5.00
+    SLD    1,000    CNLG    false    Stock (SCM)    1.850    USD    SMART    09:45:23        5.00
+    SLD    1,000    PLA    false    Stock    3.930    USD    SMART    11:39:39        5.00
+    BOT    1,000    PLA    false    Stock    3.830    USD    SMART    11:44:16        5.00
+    BOT    400    VRMLQ    false    Stock    21.500    USD    SMART    12:49:06        2.00
+    SLD    200    VRMLQ    false    Stock    22.450    USD    SMART    12:55:49        1.00
+    BOT    1,200    KNDI    false    Stock (SCM)    4.014    USD    DRCTEDGE    13:56:07        6.00
+    SLD    200    VRMLQ    false    Stock    23.260    USD    SMART    13:56:20        2.00
+    SLD    1,200    KNDI    false    Stock (SCM)    4.050    USD    SMART    14:10:12        6.00
SLD    30    BRK B    false    Stock    3396.70    USD    NYSE    14:53:56        1.00
BOT    1    BRK A    false    Stock    101965.00    USD    NYSE    14:53:58        1.00
BOT    1    BRK A    false    Stock    101989.00    USD    NYSE    14:56:02        1.00
SLD    30    BRK B    false    Stock    3396.54    USD    NYSE    14:56:37        1.00
+    BOT    400    VRMLQ    false    Stock    22.268    USD    SMART    15:43:27        2.38

Daily profit: $684.23

Disclosure: Long 60 BRK-B, short 2 BRK-A, long 400 VRMLQ. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

Trade recap for Mole Day!

Have you celebrated Mole Day today? If not, drink a toast to Avogadro at 6:02:21pm. Not any exciting trades today. See the video for some unusual trade analytics (such as a profit margin moving average graph) I conducted on my pre-leader long trades (my profit on which just breached $1,000!).

Daily profit: $137.14

Weekly profit: $1571.43

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy.

Trade recap for October 5th: Yawn

I know I’ve been getting a ton of comments on each post throughout the trading day most days as readers discuss stocks. Would anyone be interested in me hosting a chat on this website? The likely program would be Parachat (used by InvestorsUnderground and TimAlerts). I would charge $9.99/month to cover the cost of hosting the chat and to compensate me for moderating and contributing to it. Please leave a comment with your thoughts.

I sold EPGL at $0.002 after making the above video.

Daily profit: ($99.00)

Disclosure: No positions. I have a disclosure policy.

ONCY's lesson: Don't sell a stock if it is banging the offer

I messed up an easy trade on ONCY today. Lesson: if a stock keeps trading only at the offer (ask) and not at the bid, and the bid keeps rising, it is probably going to continue to go up.

oncy_multiday

+    BOT    1,300    ONCY    false    Stock (SCM)    3.220    USD    SMART    09:32:08        6.50
+    SLD    1,300    ONCY    false    Stock (SCM)    3.300    USD    ISLAND    09:33:20        6.50

ONCY

Here is a screenshot of the time and sales from right before I sold (I sold at 9:33:20). It actually was not just printing at the offer, unlike how I remembered, but it was at least balanced between bid and offer and the bid did not drop after hitting 3.26.

Daily profit: $91.00

Weekly profit: $3583.25

Disclosure: No positions. I have a disclosure policy.

Trade recap for September 24 & watchlist


Trades at IB:
+    BOT    800    YRCW    false    Stock (NMS)    5.987    USD    SMART    09:30:25        4.00
+    SLD    800    YRCW    false    Stock (NMS)    6.090    USD    SMART    09:32:28        4.00
BOT    100    AM    false    Stock    17.71    USD    SMART    09:36:37        1.00
SLD    100    AM    false    Stock    18.1002    USD    SMART    09:38:13        1.00

Daily profit: $111.08

Watchlist:

The only stock that really interests me for tomorrow: EMGE, which was a big mover again today. I doubt there will ever be shares of it to short.

emge

Disclosure: No positions. I have a disclosure policy.

How I messed up an easy trade of Opexa Therapeutics Inc. (NASDAQ:OPXA)

In medicine they talk of “never events” or things that should never happen, such as leaving a surgical instrument inside a patient. Failing to buy OPXA on strong drug news today as it broke above its recent high of $2.85 was a “never event” for me … I messed up a trade with an almost perfect setup. It should have been an easy $1 per share trade from $2.88 to $3.88 or so. Learn from this so you don’t mess this up in the future.

opxa

By the way, it is still not too late to sign up for Tim Sykes’ Las Vegas Seminar on October 18th and 19th.

Daily profit: ($331.00)

Disclosure: No positions. I have a disclosure policy.

Trade recap for August 26th: Scalping Vonage (VG)

I took Vonage  (VG) long and short today, but it was not ideal for a short. I also played a TimAlert. I wait with baited breath until tomorrow. I am back green on the week and I have made up for last week’s losses too. Not a bad day.

Watchlist

WAVE – long on strength, short on weakness.
VG – short aggressively on green/red.

Today’s Profit: $1280.17

Disclosure: No positions. I have a disclosure policy.

August 25th trade recap: I should take my own advice

I perfectly called Nexstar Broadcasting Group Inc. (NXST) as a long above the $1.88 break (see my watchlist last night), but a brokerage error and my hesitance caused me to miss the trade. If you profited from this, please let me know in the comments!

Today’s Profit: ($71.64)

Disclosure: No positions. I have a disclosure policy.