Trading Notes -- 20190201 Friday

Added on by C. Maoxian.

Second anniversary since I started day trading again! Man I've lost a ton of money and time doing this, but I’ve got time and money to lose, plus it's a blast.

APHA screaming, FIDO 9, ton of borrow always, thought I'd done nicely shorting B A A+ esp. when some dumb Citron tweet hit and it tanked, but it turned right around and stopped me out -1R, hmmm annoying. Re-shorted a leg in the afternoon, we'll see.

TTNP (FIDO 19) and TBLT earlier stocks du jour, no borrow but some great PO spots, coulda done very well.

TMSR (FIDO 23) latecomer, another amazing play but no borrow, alas

Attempted to play OPKO, Squashed Toad, TexMex mentioned it on TWTR, had unlimited borrow so... bad B entry then SSR made it sticky and a pain, added A will quit there, will be patient and look for a scratch

SXTC super thin but came in with a plan and executed it but now predictably StuckAtaProfit, will have to wait for next week to cover

Short NIO at B after ToT, only got partial fill (HALF!) because they ran out of shares to lend, out at minC and Typ3, nice trade but really hampered by no size with limited borrow, NIO 7BB mkt cap doesn't belong on list but I traded it anyway

ZYNE came back alive, though super thin. Took the tiny loss with stupidly held short, good news is I didn't add add add to it, but I did re-short it later at a good spot

CODX approaching target below 1.20, woulda been worth even 7x borrow cost

FBIO it ran and I debated where to trail stop but ended up taking small loss on remainder, bah

Trading Notes -- 20190131 Thursday

Added on by C. Maoxian.

Away nearly all day in hospital for LLP bronchoscopy, so an abbreviated entry. Broad tone poz, short headwind. SCYX the stock du jour, lotta borrow pre-open but all gone (a couple hundred thousand shares) by open … FBIO also lots of borrow all day, shoulda played both but they were chase entries so I only did FBIO, chase entry PO, covered minC, waiting on Typ3 (OR Typ3 hit but I’m being patient). OSTK jammed me out at tightened stop and instantly tanked to new lows, sheesh. CODX PO offering the dirty bastards… amusing since broker says overnight borrows will now be 7x, up from 4x. SXTC no borrow, mover but super thin, gave interesting spots. Tried to short NIO in absentia but when it triggered, no borrow (was borrow earlier, I assumed they wouldn’t disappear, wrong again).

Trading Notes -- 20190130 Wednesday

Added on by C. Maoxian.

Broad tone poz... short headwind ... Fed Day, 2PM normal shenanigans ... Naz +2.5% EOD

CODX stock du jour, no borrow, FIDO 10, 5.9K, 37.5K, 94.8K

Tried a rare long TSX style in CODX (see chart below), trial size but coulda been smaller still, super tight stop, instantly stopped, kind of dumb, certainly not my style, sort of regret doing it but I have to get better about getting long from time to time ... if I had a borrow there were some great spots

TRVN -- offering PO, down 16% ... amazing they had millions of shares avail on Monday, none on Tuesday, and the offering comes Wednesday PO? Coincidence? 2.76K, 6.11K, 19.5K

EYEN active PO, no borrow, 1.64K, 7.48K, 14.2K

EKSO yes borrow, missed lovely OM B entry, chased C half size, hit all targets almost immediately, 1.18K, 6.87K, 12.7K

MLNX yes borrow, weird one $100+ PO on Intel thing, avoid,

CANF yes borrow went dead, no play

ZYNE surprise borrow, shorted YB, super thin, 1.74K at 10:15, shouldn't waste time with it, just dead money Day Two waste of energy, carrying it, looking to scratch, will be tiny loss if stopped using today OR stop, 142, 1.44K, 6.18K

OCX shockingly 100K+ PO but all borrowed mighty quick, zero during RH, classic Day Two dead dog, hero to zero, 809, 5.93K, 16.2K

VYGR exited rest at Typ3

SXTC latecomer no borrow

Trading Notes -- 20190129 Tuesday

Added on by C. Maoxian.

Broad tone neg … short tailwind … OCX the stock du jour (6.38K, 37.2K, 139K) but no borrow … locked out of broker with a borrow cuz I only have a few K there and did three trades yday (maxing PDT thing, sheesh), can’t play again till next Monday which means I have to act this week to get some cash over there. I did have a borrow in CRON (2.93K, 36.0K, 130K) and VYGR (849, 6.78K, 20.1K) so played both… OSTK (23, 936, 12.5K) no borrow today, TRVN (1.28K, 10.3K, 35.3K) no borrow (and they had millions of shares yday), ZYNE (216, 3.61K, 20.9K) some borrow PO but quickly pre-borrowed, AVCO (418, 3.58K, 7.55K) no borrow (.144 at TZ, ~$300 for 2,000 shares, ha!) but it tanked beautifully for a Day Two, that squeeze they did yday was shameless, but of course they got me out personally, which was their goal. :)

Woulda stayed out of trouble in OCX, even with borrow, thank god … TRVN I’d have a couple legs on despite SSR ... had to chase VYGR, went half size and instantly hit minC, waiting on rest for Typ3 … covered rest of CLRO at updated target which was wise because it is so dead I was totally StuckAtaProfit, turned out to be a nice trade.

CRON was the big winner, it’s at all-time highs, shorted B & A & A+! so a rare large position, had to take LLP to Ladies’ meeting, came home to find it had hit all targets and I was out, an incredibly pleasant surprise. Totally by the book and I needed a big winner given recent SLM jam-out, and IQ/GME stop-pulling debacle from earlier this month.

OSTK tanked which was nice, I was hoping for A+ but it never happened, but I’m content with the size and took off part at minC, waiting on rest at Typ3, will be nice win if I exit it all at targets.

Trading Notes -- 20190128 Monday

Added on by C. Maoxian.

Broad tone neg ... short tailwind... jammed out pre-open on remainder BIOC (bastards), woulda been shaken out same spot in reg hours but still, dirty, small loss in the end, will have to look for precise number but very small; CLRO covered some at minC looking for Typ3, maybe too greedy, reevaluated, prolly 185 more realistic than 175, it's so completely dead impossible to exit any size, StuckAtaProfit Day Two dog; BBBY finally went to B/E level to take me out, instantly dropped back 50 cents, comical, should have been out of that days ago; OSTK came in with a plan, they tested the prev day high during OR clever devils, reversed, filled B & A hoping for A+ no joy; SLM got lucky opened weak, got out of all at modest targets, dodged a bullet cuz that was definitely a revenge trade with revenge size and I got away with it, needed the money :)

AVCO (2.74K, 14.1K, 63.9K) and BIOC (1.46K, 11.1K, 21.7K) the stocks du jour, AVCO FIDO 15, no borrow in either at IB/ToS, shorted (0.065) AVCO at B coulda gotten A but it was tricky during OR, covered some at minC, it came back in afternoon stopped me out on balance at A, re-shorted it at B which had become perfect support lol, instantly jammed out at 1R loss but I didn't add A A+ which was good, once difangs shot on the afternoon short squeeze, I'm sort of at a loss (ha!) but think it best to leave alone, avoid revenge trading, it was a good solid player, tons of activity and volatility, really enjoyed it. Pretty quick to figure out new order entry system, slippage not proving to be horrible, but it shows you how good IB's TWS really is. Liked the 3PM failed breakout in AVCO so took another stab at it, broke hard to VWAP and held, very hard to piece out a position using limit orders since there are no OCOs, it's all hot key stuff, too quick for an old man. Took it all off at A level in pieces, clock was ticking but B level woulda also worked. Got back a little. OK to lose a couple hundred bucks monkeying around with new order entry platform.

BIOC there was an opp during OR but required anticipation and I was afraid of revenging it so focused on much more active AVCO instead, which was good.

Need to get the ~$4K out of ToS since it's useless for trading more or less and everyone tells me they keep their account open with $100, so I'll do that this week.

AVCO was a perfect long of course (look at the chart below) but I'm always looking short... I know how to get long, I have good, nay near-perfect, entries, etc., but I'm just opposed to it for some bizarre psychological reason.

TRVN sub $1 stock that came over a dollar and showed up on scanner, no borrow IB, oops they found 150K shares just for me, above magic level no play.

Movies Watched -- Black Coal, Thin Ice (2014)

Added on by C. Maoxian.

In Chinese. 106 minutes, but felt at least 15 minutes too long. Weird one from China. The Chinese title is 白日焰火, which means daytime fireworks, which makes sense at the end of the movie (it’s also the name of a night club within). Sort of a crime / mystery / thriller, but it was none of those things really — more a low-budget art house movie than anything. The only thing that interested me about it was that it was set in Harbin, a city I have some familiarity with, having spent my fall semester of my junior year abroad (in 1990!) at the Harbin Institute of Technology … and of course I know China well.

Structure of the movie wasn’t very good, fairly disjointed, lot of leaps of logic, femme fatale angle didn’t really work, just strange — how did the detective (who was later killed) track down the killer? Did the other detective love the girl? Why? And why screw her and not save her? Yellow rating for those who think about China, and especially Harbin, with some nostalgia, red rating for everyone else.

Luke Buckmaster correctly writes, “It's hard to imagine it traveling much wider than the festival circuit.“

是我干的

是我干的

Movies Watched -- Darkest Hour (2017)

Added on by C. Maoxian.

125 minute running time so at least 25 minutes too long, but I liked this one. Gary Oldman plays Churchill … it’s a sort of a companion movie to 2004’s Der Untergang. I don’t know how historically accurate it is, but the movie was very entertaining. I also like Lily James’s look (see below) … I first saw her in Baby Driver (she played the waitress).

A rare green rating from the Chairman.

Just looking at you

Just looking at you

This is another movie from 2017 that I can recommend along with:

I, Daniel Blake

Berlin Syndrome

Thelma

Land of Mine

Graduation

Wind River

Trading Notes -- 20190125 Friday

Added on by C. Maoxian.

Broad tone poz, shorts no tailwind. Ear infection, saw doc at 11AM, spent afternoon in bed… CLRO the stock du jour (1.13K, 14.5K, 34.2K), the only game in town, I shorted C&B and came close to getting an A entry but no cigar, holding for targets well below; took a loss in SLM, once again forgot I had open orders in there and filled a bunch pre-open which was a mistake and increased the loss about 25%, but nothing crazy, just annoying, also noticed I missized one of the original legs, bah, this is what happens you change your bet sizing during experiments; able to cover a leg of BIOC; VIPS rallied and stopped me out on last so a scratch, I hate that stock, it acts like a Usual Suspect, very difficult; re-shorted SLM in afternoon off of ORR, maybe a revenge trade, lotta size, but it felt ok, we’ll see.

Trading Notes -- 20190124 Thursday

Added on by C. Maoxian.

Broad tone poz … yesterday’s heroes become today’s zeros, look at BOXL and SPI (though BOXL did a cynical run in the afternoon, straight into yday’s closing level), monkeyed with ToS order entry, no way to put on multiple legs out with a single order, pretty lame, but customer service wasn’t terrible, I had to call them after multiple chats with semi-competent reps (unlike IB where everyone seems sharp), I don’t think I’ll leave much money with ToS with the crummy order entry and $7 a ticket :-), power outage before the open and another right before 10 AM, not cool but all my stops were in.

PCG -- 230, 4.56K, 188K, halted near 15:30 then gapped up to $15ish on limited liability news, glad I wasn't involved in that one, knew halt risk was high

SLM — 30, 15.2K, 75.6K, yes borrow, poz earnings, strong morning, shorted in both ToS account (experiment) and IB, C & B entries

VIPS — 198, 8.84K, 40.2K, yes borrow, short C covered minC, waiting for Typ3

BLNK -- 565, 16.1K, 25.4K, stock du jour looked like, no borrow, went dead though, note 10/16 TC dichotomy

VTVT -- n/a, 4.48K, 22.3K, back from the dead, no borrow, gave beautiful spots, coulda had full amazing position but no borrow means no joy

MBOT — 540, 7.1K, 18.3K, full red restricted from short sale, came alive in afternoon, super cynical drive, slimy stock

BIOC -- 25, 2.57K, 12.6K, yes borrow (surprise!), so even though very thin, shorted B & A (new sizing experiment, not a great idea, go back to original amounts — no risk, no reward), they filled me on 100x cover, but didn’t fill me a single share short there, bastards, another reason not to cover any there, ever

CLDC 1.43K, 8.55K, 12.0K, active PO then went dead, no borrow

BOXL -- 140, 1.47K, 4.66K, completely dead, H2Z, 10TC1.53K, no borrow

SPI -- 110, 1.22K, 3.27K, completely dead, H2Z, 10TC1.23K, no borrow

TLGT — 131, 653, 1.53K, yes borrow, semi-active PO and a good example of something that is thin and dead, note 10/16 TC (see chart below)

Trading Notes -- 20190123 Wednesday

Added on by C. Maoxian.

Broad tone mixed to neg... I left at 10:30 for a massage and then dealt with M for the Mars poster framing, didn't get back till around 14:30 ... took a bunch of stuff off in afternoon, will be nice to get it off the watchlists, clean things up. PO actives went dead quick, see TC below. Stocks du jour were all latecomers.

BOXL -- n/a, 10.7K, 74.3K, FIDO 16, stock du jour, no borrow, strong OR, shifted shortly thereafter, no borrow so no joy but coulda filled BA

PCG -- 224, 7.18K, 58.4K, pulled plug, though liquid, out of patience, took it off, decent gain

VIPS -- n/a, 14.7K, 54.2K, yes borrow, active on upgrade / new PT, something of a Usual Suspect, tricky in past, I'll keep a lazy eye on it

MBOT -- 42, 329, 42.7K, FIDO 15, no borrow full red, came back to life, rallied right into a 15:30 offering, the dirty devils, they would have driven me out had I had a borrow

CRON -- 279, 7.54K, 36.5K, FIDO 17, filled during OR, nice gain, will be good to take it off list since it’s a Usual Suspect

SPI -- n/a, n/a, 15.4K, no borrow, latecomer, don't know if on early scanner, will check, burst was 11:50ish (I was away)

ATHX -- 1.25K, 2.83K, 9.41K, yes borrow, poz drug news, active PO, no fill, just too weak and went super thin

SNGX -- 1.25K, 5.6K, 8.32K, yes borrow, patent news, active PO, C fill only, out minC and Typ3 in absentia, nice gain

FNMA -- 8, 2.03K, 5.84K, got a fill finally during OR and they dropped it much lower of course (the only way you can get a fill on OTC/BB nightmare), nice gain

RCON -- 120, 3.31K, 5.41K, yes borrow, filled CB, out minC, touched Typ3 but no fill, felt me out and took it back up, ridiculously thin

BBBY -- came close to Typ3 but no fill, big bounce, patience running out

AVCO -- no borrow, active at open, super weak, maybe C fill possible with borrow but no joy

AUPH -- pulled plug, no liquidity, no patience, out with decent gain

FTK -- pulled plug, super illiquid, just so dead, sick of it on monitor, decent gain

Trading Notes -- 20190122 Tuesday

Added on by C. Maoxian.

Broad tone poor, indexes down 2%, short tailwind ... figured out (thanks rep ScottA) that you can add an HTB/ETB column in a ToS watchlist, sweet! Figured out how to turn crosshairs off of tone.

PCG 642, 24.3K, 197K FIDO 25 didn't realize I had a C order resting in market, filled pre-open of course, so I increased risk when I wanted to take some off, weak open tried to reduce risk by half, missed me by three ticks then went straight up for a 1R loss (actually little less than 1R since no A+ entry), anyway, darn it, I really blew that one, again had multiple chances to take very small loss/gain or even scratch it but ended up taking the planned loss instead, on the bright side at least I didn't add and go crazy since it ran $8.38 during OR, could have been mega-loss instead of disciplined loss, so that's good, stalked it, shorted A again (lucky), added B, patience is a virtue (sing along)

CRON 384, 15.5K, 59.7K, FIDO 8 got C and B missed A by a tick (annoying rounding), covered minC rest below at Typ3

MDWD 1.83K, 3.78K, 37.9K FIDO 28!! note 10 TC, odd, no borrow, hit 6.50 PO, opened around 5, big beautiful bounce to round number 6, working off PO coulda had C entry or off OR levels B&C IF anticipated slope shift but with no borrow no joy

BBBY 2, 117, 31.7K note EOD TC given AM, slightly less dead but again at BE with remainder since time is of the essence

STAF 1.48K, 14.9K, 21.8K, note 10/16 TC dichotomy, no borrow, stuffed at the open, woulda had to be PO entries (possible), all targets hit.

FNMA 72, 3.51K, 15.1K, FIDO 26 came in with a plan, shorted A and A+ then they ran me out, kept stalking it, didn't realize it's PINK, makes it harder since those guys are ruthless, flatline it at will, just terrible, OTC/BB should be avoided like the plague, re-shorted B, looked to add C, no hope for A, forgot to update C entry price, they skipped through me, no add, shit, covered minC, waiting rest at Typ3, phuckers wouldn't fill me at the bid, god knows they felt me out, be patient grasshopper

AUPH 1.64K, 4.26K, 14.8K, note PO to 10/16 TC, weird one, poz drug data but some whacky up and down PO action (low 6 high 8), had borrow, shorted B, no break, looked to add A, will reconsider how to handle manana, prolly no add in the money

APHA 620 3.64K, 14.6K anticipated slope shift (dangerous?), nah it did shift, it was fine, sorta came near A entry but failed, C entry, covered at minC waiting on rest at Typ3, decent win, much needed given PCG screw-up, they partialed me at Typ3, too much size of course, they feel me out and penny above, the bastards, crazy after hours bullshit straight up, hard to fill exit out, really scummy to pull that after the close, got lucky to scratch remainder!

KTOV 259, 943, 2.72K slightly active PO, did have small borrow, possible play, woulda worked, just too thin, I don't regret avoiding it despite missing big winner, possible StuckAtaProfit scenario with a $1 stock and a zillion shares

FTK 0, 324, 2.00K so dead glad I'm at BE with remainder

CCCL 9, 178, 806 exited remainder at Typ3, still no liquidity but possible to cover near bottom tick at open, around 800! trades total EOD, insane! Try covering 40K short in that one on Day Two, smart guy!

Movies Watched -- The Lost City of Z (2017)

Added on by C. Maoxian.

140 minute running time so at least 40 minutes too long … I had to watch it at 4x ffwd ... no subtitles ... period piece ... about a British explorer, Percy Fawcett, his travels to the Amazon at the turn of the century, mapmaking, but ended up searching for a lost civilization ... life interrupted by WWI ... injured in combat ... got Royal Geographical Survey gold medal ... went back to Amazon multiple times, final trip taken with his son ... both disappeared, presumed killed by “savages.” I wasn't into it, and it was way too long, but probably not a bad movie for people interested in early 20th C. explorers.

Mick LaSalle wasn’t thrilled: “…if Fawcett were pursuing some noble end, then it might be worth our while to sit and watch his struggle.“

… a man’s reach should exceed his grasp.

… a man’s reach should exceed his grasp.

Resorts Master List

Added on by C. Maoxian.

Florida

Trading Notes -- 20190118 Friday

Added on by C. Maoxian.

Positive broad tone… no borrow on GEVO or BPTH, both possible home runs … included LMFA in charts below to show hero to zero … TSX with beautiful CRON long but I ignored and actually faded it toward end of day, which wasn’t terrible, sort of smartassy, I ended up scratching it. PCG could turn into a 1R loss (from newly sized up B entry), but maybe I’ll get lucky, think I had fomo, upset with self for missing yday so short today, bad dumb, etc. but very disciplined entries and exits lol. CCCL I got tiny surprise borrow, enough to fill worst possible C entry, no chance to add at B but I had a shit ton of shares there. So despite PCG mistake, had I had full fill on CCCL not to mention GEVO or BPTH, it could have been a very good day. FNMA on Fido, never on scanner despite 2.8BB mkt cap, will put on watch for next week.

PCG: Yes borrow, filled B&A … shorting into a bottom? FOMO after missing yday? Bad, two ticks from exit, reversed, but the psych damage is done, darn it… Friday afternoon before a long weekend! FIDO #27

832, 24.8K, 146K

CRON: Yes borrow, filled C half size fading Jeff :-) kinda dumb though, boredom trade? Scratched it. FIDO #15

328, 11.6K, 65.5K

GEVO: No borrow, woulda had to be pre-open entry cuz it collapsed on open

4.17K, 20.1K, 37.5K

BPTH: No borrow, reverse split garbage, woulda been a beauty (see below)

543, 10.3K, 31.7K

UPL: Yes borrow, filled C at open covered yiban at zero line, impatient got out rest a penny above zero line

2.70K, 8.18K, 17.6K

BIOC: No borrow, offering pre-open, super dirty how they ran it yday, but no borrow means no joy

32, 5.28K, 14.0K

CCCL: Tiny borrow at worst C price then none on attempted adds at B, phuckers, thin puppy, someone dumped 40K into the close and filled half of me but rest remains below

55, 2.24K, 5.03K

Discontinued Legos Premium

Added on by C. Maoxian.

This past Xmas I got my daughter Lego set 21110, “Research Institute.” She was still playing with Duplos when this set came out in 2014, so I didn’t buy it then, and it got retired somewhere between then and now. I ended up paying $46 for it (new) on eBay — it originally retailed for $20 in 2014. So this article on Bloomberg, The Hot New Asset Class Is Lego Sets, caught my eye.

In the past I’ve joked with the kids that we should stockpile sets that we think are going to appreciate, but who has time for that? Kids do! It could be a good experiment for them — a lesson in market values and scarcity premium and asset appreciation (or obsolescence) and storage costs and time value of money. I’ll let you know if we do it.

21110-1.jpg

Trading Notes -- 20190117 Thursday

Added on by C. Maoxian.

Positive broad tone … LMFA the stock du jour, no borrow, though god knows I tried. LPCN a possibility since I had borrow but it broke pre-open and I wasn’t at desk… BIOC came back alive but no borrow … PCG up big pre-open but I was worried about “news” and didn’t want to gamble on it … SIG miss meant I could exit BBBY short in part at zero line, still waiting with rest at Typ3 below… I should have been watching UNFI but wasn’t, not on the ball for some reason, no pre-game plan for UNFI like I had for VHC … former SDJ KTOV goes dead (see below) … even MBOT did under 9K trades EOD, still restricted … covered some FTK at zero line, should have done that before, just waiting at Typ3 with rest … no new trades, no borrows means total discipline.

First day monkeying with ThinkOrSwim order entry … seems I didn’t have “Advanced Features” enabled so I couldn’t see what was “Hard To Borrow” and my orders kept getting rejected. Online rep “Warren_G” (Regulate!) told me I could get in their HTB program with a 100K deposit (portfolio margin), slightly more than the $4,100.45 I currently have with them.

LMFA: No borrow, FIDO #15

4.94K, 40.3K, 79.3K

LPCN: Yes borrow, FIDO #17

6.92K, 17.9K, 56.4K

PCG: Yes borrow, FIDO #9

4.94K, 50.3K, 352K

BIOC: No borrow, FIDO #25, note 10/16 TC change

128, 1.51K, 37.3K

UNFI: Yes borrow

37, 4.57K, 27.2K

CRMD: No borrow

975, 6.06K, 15.2K

MBOT: No borrow, restricted

1.09K, 4.14K, 8.91K

AMTX: No borrow

385, 983, 1.4K

Movies Watched -- John Wick Chapter 2 (2017)

Added on by C. Maoxian.

122 minutes so at least 20 to 30 minutes too long. I didn’t see Chapter 1 and I’m glad I didn’t. This is one of those choreographed ultra-violence movies in the style of John Woo. I tried to keep track of how many people were shot in the head at close range, but lost count. The violence is so ridiculous, so video-game-like, so over-the-top, that it plays like a comedy. Technically brilliant but morally repugnant. If they cut 30 minutes out, and all of the swearing, it wouldn’t be a terrible comedy/thriller. NYC plays a starring role and I dread to think how many tax credits were given out to the filmmakers.

Keanu Reeves is an interesting guy… I think he does a lot of his own stunts and he looks good for an old guy (he’s six years older than me). I read that he gives a cut of his mega-salary to all film crew members, which I thought was pretty wonderful. And he’s a mix, half-Chinese or something, so he’s a looker.

There was too much swearing in the beginning, and a sort of Fast and Furious vibe, but then it switched into James Bond territory (the tailored suits, the weapons porn) … it would appeal to a certain sort of teenage boy and to man-children in general, but no one else.

Not Tom Cruise and his bloody pencil

Not Tom Cruise and his bloody pencil