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Thread: 2014 January

  1. #11
    Dr. Dave is offline
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    Roller Coaster while I was sleeping!!!!!!

    I wasn't feeling well, and thats where you can get into trouble swing trading - well, let's be clear - swing trading volatile OTC small caps like MDDD.

    I bought it 2 days ago at $1.65. Today it appears it shot above $3. Hung out there for a while, then plummeted. When I woke up the price was $1.30. Now, would that kill me? No, because I don't put large amounts of my acct into any individual stock, and I had also sold 1/3 already. But! It's still so painful to look at (-21.2% loss - ouch!!!) And, as one trader I used to follow used to say, "I don't like pain". Now, the key here though is also not to react too quickly. I wanted out immediately, but I took a look at the chart, and it seemed like some bounce was in order. I watched a few trades go thru, and they were all over the place... 1.30, 1.45, 1.30, 1.55. So, I tested the waters, not too greedy, but tried to get my money back with a limit at 1.70. It went thru almost immediately, then the price was back down to 1.30 again. This tells me there are still a lot of people who want the stock, but it seems like the action is too sketchy. So, I'll stay away from that one, but I have a feeling that since it was hard to buy and easy to sell, it could really run.

    ###############
    So cutting losses short:
    Sold last 2/3 MDDD (in 1.65, out 1.70) 3.03% gain

    ##########
    Booking profits:
    Sold last 1/2 BCRX (in 8.50, out 10.95) 28.82% gain

    ##################
    Tale of the rest of the tape:
    AAPL 13.50 %
    ARWR 42.55 %
    BTN -0.59 %
    CPST 18.84 %
    CTIC 49.02 %
    FB 15.00 %
    GTI 9.09 %
    HA 7.14 %
    JOEZ -2.42 %
    MERU 15.38 %
    RIC 1.56 %
    SPCB 24.34 %
    ZNGA 10.35 %

    so - I want to cut losses short on BTN (I have an order up) and JOEZ - but both charts look like they still have potential. So, I'm giving them one more day (provided BTN isn't triggered). JOEZ chart still looks like it can pop, but, my loss is already 2.5% so I'm going to have to pull the trigger quickly if it gets worse.

    Again, OTC was pretty nuts on that MDDD - what's even weirder is that I don't even see a bid or ask on this platform for it.

    Again again, anyone else out there swing trading? The cool thing about it is, if you need to go on vacation (or if the market starts diving) you just close everything out.
    Last edited by Dr. Dave; 01-15-2014 at 04:11 PM. Reason: caught a typo
    Positions: Change so often, it's no longer useful to update this...

  2. #12
    Dr. Dave is offline
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    Open Close Long/Short Symbol Open Price Close Price Gain/Loss %
    12/31/2013 1/2/2014 Long MEA 1.96 2.3 17.35%
    12/31/2013 1/3/2014 Long MEA 1.96 2.45 25.00%
    12/31/2013 1/3/2014 Long MEA 1.96 2.455 25.26%
    1/2/2014 1/3/2014 Long NTWK 6.11 5.86 -4.09%
    1/2/2014 1/3/2014 Long NTWK 6.11 5.74 -6.06%
    1/2/2014 1/6/2014 Long CTIC 2.04 2.36 15.69%
    1/2/2014 1/6/2014 Long QUIK 4.09 4.45 8.80%
    1/2/2014 1/6/2014 Long SPCB 4.93 5.69 15.42%
    1/3/2014 1/6/2014 Long BWEN 10.44 10.02 -4.02%
    12/18/2013 1/6/2014 Long MERU 4.03 4.34 7.69%
    12/30/2013 1/7/2014 Long URG 1.36 1.38 1.47%
    12/30/2013 1/8/2014 Long JAKK 6.62 6.75 1.96%
    1/3/2014 1/8/2014 Long AUDC 7.64 7.56 -1.05%
    1/3/2014 1/8/2014 Long BWEN 10.44 10.16 -2.68%
    1/3/2014 1/8/2014 Long CCIH 10.46 13.26 26.77%
    1/3/2014 1/8/2014 Long CCIH 10.46 13.28 26.96%
    1/8/2014 1/8/2014 Long ACCL 9.81 9.65 -1.63%
    1/2/2014 1/9/2014 Long QUIK 4.09 4.42 8.07%
    1/3/2014 1/10/2014 Long BCRX 8.5 9.84 15.76%
    1/3/2014 1/10/2014 Long CPST 1.38 1.55 12.32%
    1/9/2014 1/10/2014 Long HPJ 2.93 2.91 -0.68%
    12/30/2013 1/13/2014 Long FRP 10.97 12.41 13.13%
    1/9/2014 1/13/2014 Long MHR 7.61 7.6001 -0.13%
    1/2/2014 1/13/2014 Long CTIC 2.04 2.92 43.14%
    1/2/2014 1/13/2014 Long ENVI 3.5 3.5 0.00%
    1/3/2014 1/13/2014 Long AUDC 7.64 7.62 -0.26%
    12/31/2013 1/14/2014 Long MEA 1.96 2.23 13.78%
    1/13/2014 1/14/2014 Long MDDD1.65 2.2 33.33%
    1/13/2014 1/14/2014 Long KUTV 3.1699 3.15 -0.63%
    1/3/2014 1/15/2014 Long BCRX 8.5 10.95 28.82%
    1/13/2014 1/15/2014 Long MDDD 1.65 1.7 3.03%
    Positions: Change so often, it's no longer useful to update this...

  3. #13
    Dr. Dave is offline
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    Today's tape:

    AAPL 13.06 %
    ARWR 35.04 %
    BTN -0.79 %
    CPST 15.22 %
    CTIC 56.37 %
    FB 14.92 %
    GTI 11.41 %
    HA 6.37 %
    JOEZ -2.42 %
    MERU 15.38 %
    RIC 2.34 %
    SPCB 36.51 %
    ZNGA -1.36 %

    ZNGA dropped out of the sky from yesterday... so what do we do?

    Yes Virginia, we cut our losses short.

    Let's get rid of all laggards today.
    Sold BTN (in 5.0846, out 5.04) -0.88%
    Sold JOEZ (in 1.24, out 1.20) -3.23%
    Sold ZNGA (in 3.67, out 3.60) -1.91%

    Note, I had "held" ZNGA for quite a while and several times it rallied to good profitable levels. Shows I should have been swing trading and not wasting time holding it. So, that means AAPL and FB, you are next.

    In the previous post I have all the realized trades for this new account for the year. Haha, too bad PHOT isn't in this account, it would look better. But, be it as it may, I did the infamous, what if you put $10K into each trade... you would have profited over $30K by now. In my case though, a lot of those I had sold 1/2 positions, so that's not what I would have got, but the lesson is that you can profit with those little wins with littler losses. And you don't have to spend hours hemming and hawing on each trade. When I'm buying I spend maybe 30 minutes tops in a day total. Days like today, I just glanced at the losers and said see ya later, so maybe 5-10 mins total, and I'm done for today... other than writing all this hoo-haw. No need to guess what the SIRI higher ups like Malone are doing. I'll add the new losers to the sheet later, I'm betting the hypothetical profit will still be over 30.
    Last edited by Dr. Dave; 01-16-2014 at 03:56 PM. Reason: I keep getting scared someone like the Head Honcho is gonna ding me for spelling and stuff
    Positions: Change so often, it's no longer useful to update this...

  4. #14
    Dr. Dave is offline
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    Friday -

    Not feeling up for much trading hoo haw.

    The tape:

    AAPL 10.77 %
    ARWR 34.93 %
    CPST 26.81 %
    CTIC 78.43 %
    FB 12.82 %
    GTI 2.32 %
    HA 4.54 %
    MERU 14.89 %
    RIC 3.91 %
    SPCB 37.93 %

    Cut losses short:
    Sold GTI (in 11.66, out 12.00) 2.92% gain - not sure what happened to this guy, but it's good proof to take some off the table once the 10% gain mark has been hit. Anyway, like I said, not sure why it turned around so hard, other than profit taking, but I'm not going to find out. Might as well take some gain, than try to figure it out and let it possibly turn into a loss.

    I'm speaking to the ether.
    Positions: Change so often, it's no longer useful to update this...

  5. #15
    Dr. Dave is offline
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    Nothing new yet, haven't been getting up early enough. I don't know what's up with CTIC. I may have to shave a few shares off, looks like a peak to me. Perhaps book some from SPCB also. Need to get out of these and into some new ones though.

    Tale of tape:
    AAPL 11.75 %
    ARWR 30.03 %
    CPST 23.19 %
    CTIC 99.51 %
    FB 15.68 %
    HA 6.37 %
    MERU 15.14 %
    RIC 8.59 %
    SPCB 36.51 %
    Positions: Change so often, it's no longer useful to update this...

  6. #16
    Dr. Dave is offline
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    Booked profits:
    Sold 1/10 CTIC (in 2.04, out 4.07) 99.02% gain - this small sell makes enough profit, when combined with my previous sells, that enough money has been made for the trade all together. The remaining shares are officially gravy, can be held long term (this is similar to my SIRI stock, but with a little twist, maybe I will explain later).
    Sold 1/6 SPCB (in 4.93, out 6.74) 36.71% gain - I think the chart has more potential, this sell gets it close to the gravy zone.

    #########
    New stuff:
    Bought ULUR @ 1.03
    Bought GAME @ 5.07
    into the close

    lol, don't ever do what I do. I'm not a registered stock broker.
    Positions: Change so often, it's no longer useful to update this...

  7. #17
    Dr. Dave is offline
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    Essentially no change today... yesterday's two buys were split. I would have closed ULUR if it was under a $1 at the close. In hindsight I may have shaved some shares off, but in essence, I originally bought what would be considered a "half position", just because of the gain that day. I usually don't call it a half in the beginning, because technically its by default "full", and later as i shave off, it would be confusing to say I sold 1/3 of my 1/2 position. But, what do I mean by half position, it just my jargon for 5% of the account. Full would be 10%. Technically on a very clean setup chart, I'd go 15%, but usually, I'm only spending 30 mins glancing at a decent number of stocks coming out of scans, so I don't do this. Soon, I'll calc the opt F on this account (not sure if I need to rid it of AAPL and FB first), and perhaps redefine "full". It could be that full should be 20%. Anyway, since ULUR is 5%, I think I can handle another day, but if it doesn't move, it'll probably be gone. I don't marry stocks.

    AAPL 12.31 %
    ARWR 30.47 %
    CPST 27.54 %
    CTIC 96.08 %
    FB 15.00 %
    GAME 4.54 %
    HA 6.56 %
    MERU 12.41 %
    RIC 8.59 %
    SPCB 34.69 %
    ULUR -2.91 %
    Positions: Change so often, it's no longer useful to update this...

  8. #18
    Dr. Dave is offline
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    btw - didn't change anything yesterday, also kept ULUR. Hopefully will pop today, I hate the red.
    AAPL 12.76 %
    ARWR 27.31 %
    CPST 22.46 %
    CTIC 99.02 %
    FB 11.94 %
    GAME 7.10 %
    HA 4.54 %
    MERU 5.46 %
    RIC 14.84 %
    SPCB 35.09 %
    ULUR -3.88 %
    Positions: Change so often, it's no longer useful to update this...

  9. #19
    Dr. Dave is offline
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    I'll update soon, since I'm about the only one on this thread and talking into outerspace, I'm starting to get lazy. That said, I have closed a lot of positions. Only loser was ULUR. But, I like showing the good with the bad, will post later.

    I was really digging doing everything in realtime too, but like I said, just got lazy there for a sec.

    Anyway, for realtime like the rest of the previous posts... I just sold my last bit of AAPL, I sold some AH last night.

    Always more real though calling it out as it happens, rather than mentioning it later after you have a lead!
    Positions: Change so often, it's no longer useful to update this...

  10. #20
    Dr. Dave is offline
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    Like I said, will reply later with yesterday's report and todays on anything not real time, but it's scan time. Let's find new trades!
    Positions: Change so often, it's no longer useful to update this...

  11. Ad Fairy Senior Member
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