Wednesday, May 31, 2017

5/31_CBIO, SPI, XTNT_market gets crowded and choppy! Be aware!!!

















VWAP holds well and I failed to take anything off and ended up covered too late. But glad I re-attacked on the backside but the pull seemed too weak and absorby so took it off.
















when you found yourself in and out and switch bias constantly the chance is it's unlikely to workout. The stock does nothing but mess you around. Know it, accept it and off it and move on!

















well traded. Cut full position into breakout and waited for momo to shift then attacked. SSR on so gotta be extra little earlier for filling.
















easiest of all. sized in, sized out. banked!

Tuesday, May 30, 2017

5/30_PTGX, PRKR
















Lesser volatility and liquidity than I thought, disappointed. should have sized in more.


















patiently waited for the momo to shift before size in whereas I used to throw myself on the frontside. You still could do that but just make sure know when to take off and watch size!

Friday, May 26, 2017

5/26_NIHD, SINO, SPI

















gift of the day and I sized the fuck up on it and really happy with my plan, entry, and exit. 18k shares short position on it. A lil too big for a volatility and liquidity like this but hey I got conviction on it and due to recent sluggish environment and GLBS and NAKD's movement past 2 days, I am confident that it could work out and even if not I will stop out at $3.40 and looked for better entry.
















 a lot of these turds offer great opportunity on Day2. Happy with my entry and exit and not holding it thru the lull due to last time I went out for lunch with Ming and a stock ramped surprisingly and and breakout HOD. Rather missed the potential downside.

















should really be awarded of "the chopper of the day". Attempted 3 times shorting it and didn't workout. First time breakout HOD and subsequently did $1 reclaim which I think shouldn't be if it's about to unwind. Took paper cut but happy with my exit!


















saw choppy and holding action coming after 11am so took my eyes off it. Influenced by AT09's tweet so got back in. Bad trade. the meat has gone!!

Thursday, May 25, 2017

5/25_GLYC, NAKD, BCRX_opponent selection!

















whenever a stock works out like this I always found myself asking why not use more size. Shitty company with offer and massive dilution, how can you not use more size???!!!!!

















not ideal setup, mid cap biotech and directionless move it appears. The best is no trade. I took paper cut on it

















GLYC got 9 lives!!! Was short biased initially then switch to long thinking it would do killer squeeze because volume is there and it's got intraday and daily breakout but man this is one of the situations it don't workout. I turned my long winner into loser by adding to the winner then it reverses all the sudden I breakeven then a few candles later I went red. That's why stop loss and adhere to it is crucial to survival!!!! Understand that you will be wrong countless times and will continue to be going forward. Rules and discipline keep you alive!!!

















missed $2 HOD short and it's hard for me to think of long it so took my eyes off only to find it breakout HOD. Tomorrow it should be interesting. Remember not holding anything into the open.

Wednesday, May 24, 2017

5/24_GLYC, INO, GLBS


















fear take control of me and afraid to short into each weak and stuffy push premarket. Glad I put up some due to VWAP rejection and nailed the washout. $10up stock and mid cap so don't want to get involved heavily.

















good entry and exit. Ideally $2 push tomorrow and size up. Been diluting for weeks!
















hardest play in a while. I shorted $13.75 yesterday before the close and stopped out when $14 breakout and went above $15. In the morning offering news came out and strangely it washed then spiked up and even past yesterday a/h high. This is the type of stock you should short into strength ideally breakout and cover into weakness. I didn't use size today because its price action is hard to read and lots of confusion on it.















holding trend all day since offering at $11.50 came out in the morning which is extremely odd to me. Glad I avoided it the entire day. I didn't know offer news out in the morning so I shorted 3k shares at $14 before the close and only to find out filing out at 4:03pm on edgar SEC. But I was wrong, it came out in the morning already sighing... Got embarrassed calling out offer in the chatroom. That's who you are as a trader and person I guess. You gonna be wrong, you gonna be fool in others' eyes but so what!!!!!! You don't have to be the best!!! You just need to be better than the self of yesterday!!
GLYC going forward very like I won't trade it unless truelly erratic action.

Tuesday, May 23, 2017

5/23_GLYC, HMNY, ETRM

traded the best I could on HMNY and GLYC, ETRM got me feared so afraid to size up.
One big reason I hesitated to short ETRM and long HMNY was due to last week's below VWAP consolidating then squeeze action. Recency bias!! But you need recent memory to be a good trader, remember shipper mania and HTGM's mania?!

















Really thought this time is different from last 2 times and influenced by Nate so afraid to really size up into the first 2 candles push where normally I would take POS. Wishfully thought it would ramp a lil further so I could take position but no dice. This is piece of shit that insiders can't wait to unload their shares. Should have at least put up some if not full. 


















HMNY no locate but doesn't mean I am long biased. The reason I bought b/c weak pullback and massive volume. Unfortunately the price action is disappointed. Glad I had great low price entry, it tried to ramp twice and I had big profit twice but due to massive volume I REALLY thought it would breakout HOD and keep going. Wrong both times and didn't take single share off!

















experience taught me that you found yourself in-n-out many times you are likely wrong!!! Not only the entry and timing is wrong but you are suffering from emotional distress and lost balance of it. So lastly I sold all and redirect my attention to elsewhere and that's the best thing I did today!!! It had nasty red candle slamdown to $4 and put every long under water. Glad I did the right thing. Always remember, see divergence, GET OUT!!!! 
















not easy one and not the typical trades I would take but given the context and price action I would like to give it a shot risking $14 o/u. Early shorts were fuck for sure and the big move midday is likely due to short squeeze and I see nasty bids prop and stuff action. In my eyes someone is taking big short position at $14. Ideally offering a/h or tomorrow, if not I will get out tomorrow before the open half if not full!!!!


















unexpected move and stop loss lvl triggered. Turned winner into loser but stuck to the plan!

Friday, May 19, 2017

3/19_GLYC, TNXP, CCCR

















Intraday+daily breakout but the volume is pathetic so bailed out. good trade. CCCR got curse!! Would never consider long it unless erratic volume and price action.

















time stop loss triggered. MR's got patience and made $$ on it.  For me I gave it time, didn't work out in the timeframe I specified I got out. No question to be asked!
















In hindsight washout long risking premarket base and yesterday's resistance line. But unfortunately it's just so difficult for me to buy big red candle like that!!!! I am okay to short big green candle BUT big red candle...nahhhhh.. This one traded 30m yesterday and breakout over premarket high and shorts took position yesterday anticipated offer news wrong so It's got be a long!! In my eyes this chart is different DRYS, ETRM and HTGM b/c it doesn't have killer short trap. I thought it's pretty obvious that the stock untrending nicely yesterday what kind of idiots would hold short?!!!!! to my contrary there are stupidity out there!!!! Not necessarily stupidity just that people betting again it are wrong and need to bail out. I tried to manage my short the best I could: short cover, short cover. As soon as the next dip holds I get the fuck out. It worked out nicely.















Due to weakness and far down below the VWAP I did the bounce short and don't want headache covered into the support line and that's the best decision I made. Madaz must hold it waiting and got fucked. Man this is one that go both ways further than we think!!!! Just unreal movement!!
















2 opportunities right there! 1) morning washout long risking base line. 2) what I did today: short into failed follow thru momo(timing is the key!! twice I sized in tooooo early!!)
 Avoid midday and late day chop!!!! That's it!!! 2 hours work done for the day!

Thursday, May 18, 2017

5/18_GLYC, CETX-Nasty TRAP!!!!

















happy with my trades today overall. Glad strange action near LOD, no real and clear selling exist so covered all position which turned out the best thing I did. Nasty red candle slam and making new lows trap!!!!!! If I were my old self I would stubbornly hold and get fucked. On hindsight I should have longed some but it's difficult.
















beautiful HOD breakout and consolidate above it and picture-perfect use resistance line as support. I should have recognized it earlier and covered all but didn't. That trade wiped out $1k profit.

















Patiently waited for the late day and shorted near HOD risking $11.50. Covered too early because I was afraid of random 30-50 cents upward candle. Overall I did well by focusing on entry(short breakout) and cutting position when based/failed to crack and took profit and run.
Tomorrow hopefully no offering news and we may get secondary squeeze!! People shorting big on it and depends how the support reacts to the selling and volume will trade accordingly. No bias!!! Hope this play light up small cap sky!
















great entry but exit is bad. no real selling and I lost patience and say fuck it imma out. I don't care what it would do later.

Wednesday, May 17, 2017

5/17_CETX, CCCR, XGTI

















stuffy and absorption at the same time!!! Untradable!!!! Neither long nor short!!!! I attempted shorts twice and wrong both time but bailed out way too late. Should have covered immidiately when $4 failed to crack.
















good entry and cover. No selling so fuck it imma out.
Without doubt market gets difficult to read and trade today. Most likely going to take the rest of day off and take it easy tomorrow until real great opportunity present itself.

Tuesday, May 16, 2017

5/16_XGTI


















traded well at the beginning nailed long and shorts but then sub-VWAP hugging action got me cautious but the main action got me biased was $1.80up push and failed so I slammed the bids and got caught on bids absorption before the squeeze. this action is nasty!! if you don't focus entry you will fuck both long and short side. What's interesting is it never went under premarket baseline which is a very bullish sign. If it holds until tomorrow I wouldn't be surprised to see squeeze past HOD.

Monday, May 15, 2017

5/15_SORL, IDXG, CYRN, SINO

















news from the weekend on malware attack so I thought the theme "cybersecurity" may light up so I longed it. didn't work out so I stopped out. good trade.
















short biased from get go but the question is what is my entry?! patiently waited till the market open and shorted it risking $3.20. worked out nicely.


















divergence on price and volume. took small loss and stopped out.















did research on it and saw 4.6 million offering at $3.16 so was confident holding the short but it didn't pan out the way I expected so I covered. Ideally gap up tomorrow then I will size the fuck up!

Friday, May 12, 2017

5/12_TCCO, TEAR, FORD
















first day using RD's account and afraid of doing it. Plus tick pilot which makes it hard to read and trade. Killer opportunity but the only thing is you need to give it more wiggle room than others! I covered because it went to $4.40 and that's unexpected by many so I thought there is still some momo in it.
















Tear covered too early.
FORD failed to go down so I covered all. Don't wanna headache.

Thursday, May 11, 2017

5/11_SGMO, DRYS, TOPS, PED

 thought the market sentiment has shifted from short to long but nope..DRYS and TOPS kill the momo and nothing ramp today. Small cap world is quiet as hell. Will continue shorting pop tomorrow anticipating weakness resume.
















50million float so it shouldn't be treated as low floater. Glad I covered half into pullback but failed to go down and I saw the volume increasing so I covered the rest. Great escape! No wait around, no hesitation, just get out and move on to the next.
















Main gainer of the day. $1.50 peak out and unwinded. Day2 has lots of opportunities to make profit and much safer to size in with set risk. Really need to start focusing on Day2 starting today! Remember entry and patience is the key!!

















Took contrarian approach and longed DRYS. Bad trade!!! TOPS is dilution city!!! impressive!!! When you got fundamental and technical on the same side, you make $$$. These turds are good shorts when technical indicators comply.

Wednesday, May 10, 2017

5/10_MTBC, CLNT, INPX, PED

















I positioned myself as a short-biased trader so whenever I see weakness or seller I would short and same applies when I took long position. so when I saw $2.80 big seller I sold my full position. I should have kept half of it just in case. Have no shares to borrow which must save lots of lives.

















My thesis was yesterday it flushed out all longs and puts SSR on so today with volume it could rip. But didn't travel as far as I wanted so got out.

















Fully unexpected! Thought it would slowly come down given all other momo plays losing steam. I went out to have lunch with MING and originally I set my stop at $.80 and it was hanging above it and realized shit I was in trouble. Glad I got filled some before the $1 rip but man the lesson is Never should have taken eyes off when you have a position.

















same as INPX yesterday. rip rip rip and couldn't break HOD and sold off the day. SSR on which must got a lot of people scared to short. It came down big and in light volume.
Over the last three days market sentiment has shifted to bullish side doesn't mean I won't take short position tomorrow. I would try to long with dip holds and relative volume confirms and at the same time be cautious when short and pay attention to danger sign!