Decent day I guess, I had a nice trade on ATHX off the start, then gave it all back on WBAI, should have probably focused on EYES more, as there was lots to be made there from 17's to 15's. I messed around with OHRP in choppiness and never had any shares when it really starting fading, from 10.50 to 9.80 and from 10.50 to 9.70. Can't complain too much overall on the day, considering I could have lost a ton on WBAI from my add, add, adding, got lucky to survive that one. Still traded too big and added to losers, have to work on that as always.
A little explanation: if I am scaling in and out of a position, that is one trade until I am completely out of the position and then it becomes a new trade, that's why some trades have a lot of shares even if I never had that much at once, if I cover half and then re-add my cover, it's all still one trade until I am completely out. The entries/exits are rounded to 2 decimal places, but the actual exact number is calculated for the PnL, so that's why the dollar amount may look different than what you see. Also, you can click on the charts if you want to make them bigger to be able to better see the entries/exits.
UNXL
| Entry |
Exit |
Shares |
+/- $Amt |
$ PnL |
% Pnl |
| 7.18 |
7.09 |
450 |
0.09 |
$40.50 |
1.25% |
ATHX
| Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| 3.27 |
3.04 |
2000 |
0.23 |
$450.00 |
6.89% |
WBAI
| Entry |
Exit |
Shares |
+/- $Amt |
$ PnL |
% Pnl |
| 9.34 |
9.67 |
2000 |
-0.32 |
-$650.00 |
-3.48% |
- Lessons:
- be very careful on squeezes back to green on the day after seemingly "bad news"
- lots of shorts are already trapped and if it keeps holding trend, it will likely keep squeezing
- usually if it hits green, it will go quite a bit further, before choosing a direction
- do not add, add, add to a losing trade, this loss could have been much bigger at the top
LL
| Entry |
Exit |
Shares |
+/- $Amt |
$ PnL |
% Pnl |
| 41.30 |
41.15 |
300 |
-$0.15 |
-$45.00 |
-0.36% |
- Lessons:
- do not be faked out by big bids, they can either be fake or just get smacked back down
- do not chase a long into strength on the ask especially with SSR on
OHRP
| Entry |
Exit |
Shares |
+/- $Amt |
$ PnL |
% Pnl |
| 10.35 |
10.29 |
2700 |
0.06 |
$163.27 |
0.58% |
| 10.39 |
10.31 |
1800 |
0.08 |
$149.00 |
0.80% |
| 10.37 |
10.16 |
500 |
0.21 |
$105.00 |
2.03% |
- Lessons:
- Make sure to cover ALL into dips when it's still holding higher lows and uptrending
- It's all about the entry, it's tough being patient with a winner if you were just down 20 cents on bigger size than you wanted to be
- Focus on whole/half dollar marks and try to be patient when it's the backside
EYES
| Entry | Exit | Shares | +/- $Amt | $ PnL | % Pnl |
| 15.88 |
16.12 |
300 |
$0.24 |
$72.00 |
1.51% |
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