Mar 10

Learning how to daytrade, lesson 2: $JCOM short

Markets on march 10 , 2016

m2016-03-10_230640 Short sell $JCOM:
That was a decent move to the downside for JCOM. I was travelling from work to home by train and checking my mobile for interesting tweets and saw that Citron had tweeted a new negative report. Tweet was only 9 minutes old so I fired up my broker account checked the charts and figured that the Risk Reward was pretty decent. With Citron’s latest call on VRX still fresh in mind $JCOM had only 1 way to go and that was down:). Sold 100 shares short. For the first time ever I scaled out 2 x 50. Liked that as well. Pretty solid gain of $449. Erased the loss from yesterday + a nice profit! And that while commuting šŸ™‚

Lesson Learned. Not really a lesson to learn, maybe following the right people on twitter? Oh and scaling in and out that is something worth to practise I guess.
jcom2016-03-10_231059

Mar 09

Learning how to daytrade lesson 1: $TSLA short

 

Mm09-03-16arkets on march 9 , 2016:

Trade 1 $TSLA:
Short entry at 206.80 and stopped out at 209.01. Thought double top so just short it. That was just a plain stupid entry. Stock took off moments after executing the sell short order. If I had a better look at the chart I would have noticed that the stock was trending in channel. I should not have been short biased. Better waited for the proper setupĀ . A break of the low of the channel for a short or the breakout of the upper side of the channel and maybe a break of the former top for a long. In general this was not a weak chart. From yesterday it bounced of a triple bottom. Topped out on yesterdays top, retraced a bit and looked pretty strong. Instead made an early short and failed to execute the proper stop just above the HOD. Result of my stubborness and stupidity a loss of 250$….
Lesson learned:
Begin to look at the chart unbiased. Find the support/ resistance, channels etc. Then make a decision what to do. Looking for a quick scalp? Short the top of the channel not the bottom of buy the bottom. Place tight stops!

Chart:
tsla2016-03-09_210320


 

Dec 16

Plan&Execution $DVAX

Trading Plan forĀ 12-dec-2014:
No plan


Trade Execution on 12-dec-2014:

Markets:

 

Trade 1 DVAX:
LONG Dvax pre market on news that Cowen raised Price target from 6 to 60 with remarks that DVAX is extremely undervalued. Without any research I bought in at the offer premarket of 17$. Terrible execution. After 2 minutes research I decided to get out asap. Target raise due to RS …1 for 10. Definitly worse trade of the year.

Lesson learned:
First research before jumping in with both feet.

Chart:

 

 

Dec 12

11 dec 2014 $AGIO $CALA

Trading Plan for 11 dec:

No plan


Trade Execution on 11dec:

Markets:
2014-12-12_124530

Stock AGIO:
ss entry 18.37 based on double top, market down. Put in another ss at 19.27 just above double top to average.Ā But that oneĀ did not fill. Put in a bidĀ at 17.16. It only went to 17.22 so did not full unfortunately and price eventually spiked through 18 towards 19. In that spike I managed to get out at 18,17 ish. Small profit.

Lesson learned:
When the price went down and almost hit my bid the first time and bounced I was tempted to raise my bid to 17.30. Also because less than 30 minutes to trade. However I was stubborn and did not raise it. So I was forced to cover higher and lucky to be not down on the day for this particular trade.

Agio11-12

 


Stock CALA:
ss entry

Lesson learned: