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

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: