Too exhausted to post at end of day… crazy day with BPTH, I didn’t lose anything thank god (or make anything in it, bah). SEEL also active, I did trade that one and did ok. Feeling sort of burned out from doing these daily notes… I’ll put it on hiatus for now. Here’s a 1-minute chart of BPTH through 12:30PM:
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Broad tone poor, indexes down half a percent (the horror), but I had no idea since HTB SDJ BPTH (246K EOD) had all my attention. Took one stab at it with the bookie (0.02 borrow), lost, and of course didn’t have another day trade to “make it back.” Little angry with myself since I sized 2.25x in a greedy effort which means the loss was 2.25x more than normal, bad… but with multiple day trades of course woulda “made it back.” See how dangerous the thinking is? :-) Also ignored an early long in it which I approached as a potential short only (fixed thinking), which is terrible and costly. AYTU (34.5K EOD) and SSLJ (8.97K EOD sub-dollah) were interesting briefly in the morning, but BPTH was the only game in town, what a screamer. Kind of thing that could bust a cheesy ‘stache kid from the sunshine state, but we’ll never know since he only wins. Included four Day Two charts for your StuckAtaProfit enjoyment.
Wife had doctor appt so more or less out all day … tried a quick short flier on DSS before leaving and stopped out at tightened stop, reversing there woulda worked, but it was a no play gamble, bad. Also the IB borrow effect was in play, since I had a borrow I just shorted willy-nilly as a result. That will change when I move to the bookie with the bulk of trading… also commish on 10,000 shares add up quick ($50 a side). TSX played a nice one minute reversal in PETZ (see chart below), but I didn’t open the bookie. Broad market mixed it looks like.
DSS 50.6K, PETZ 44.8K HTB, NCTY 31.1K HTB, AWSM 24.0K HTB … included CIFS and JMU charts to show what it’s like to be StuckAtaProfit after paying 7x for an overnight borrow.
Broad tone neg, gasp, the horror, but indexes only down slightly. CIFS and JMU to HTBs du jour … IB had some CIFS PO but had to be pre-borrowed … JMU totally impossible to borrow, even the bookie didn’t have some at first (then found some) … CIFS 119K, JMU 55.6K … worked on getting long today, went pretty well though it felt extremely weird and unnatural, but I have to overcome this problem if I want to get back to making half a mill a year. Was flipping through watchlist and STNE was on there and I caught it just about right and it tanked, sort of complete dumb luck. BPTH Day Two was squeezy and I wasn’t involved since there was so much action in CIFS and JMU. YRIC sub-dollar Chynar garbage, no borrow at IB and bookie doesn’t allow sub dollar shorts oh well.
Broad tone poz, you guessed it, market was up again, can’t have two down days in a row, hasn’t happened since last December. BPTH the HTB du jour… 191K … I took one stab at it in morning, took 0.5R loss and then was locked out under PDT. Crazy that I haven’t sent money over to the bookie yet, but will rectify next week for sure … good opportunity to short it in afternoon, but I’m not sure how many losses I would have taken before catching that, and then it rallied to new highs EOD as stuck shorts covered (didn’t want to pay 7x borrow cost, lol) … PBYI also in play 41.7K, shorted it late morning, got good cover on half, didn’t trail second half aggressively enough but still a sizable gain. Then it ran all the way back and made new highs, brutal. I’m sure people blew up on BPTH, it was nearly ZSAN-like scary.
Broad tone slightly neg … RKDA the HTB du jour (117K) … TGTX also in play (38.7K)… TTOO less so (20.3K) … ENDP (28.7K) woulda been good , but I didn’t see it in time, too busy goofing on TWTR. Traded RKDA and TGTX well, had to go to bookie broker for afternoon borrow in RKDA (0.02), which was a doozy — they smashed people and I was lucky to be able to hop on for the ride … didn’t handle exits especially well and had to leave early for massage, but I learned from some mistakes once again. TGTX dropped an offering at 16:01 the dirty bastards, but I was long gone. GEVO did 1,600 trades total on Day Two. :) Laying out the chart differently so I still have to tinker with that a bit. Found some neat YouTube videos from Steven Du … can’t say if he’s totally legit, but I like what I see. Glad to finish an atrocious month, probably my worst in the last two years, but I’m still standing and always learning so it’s good.
Broad tone mixed … GEVO the HTB du jour, no good spot pre-open, woulda had to chase … shorted TNDM, messed it up a bit (paranoid given number of recent all-day runners) but finally got decent average, happy with covers, shorted SE on a 15 min setup, went my way more than 1R then reversed and I didn’t get out immediately, ended up taking planned loss which was an error, shoulda been a scratch at worst… I’m still working on the 15 minute play, how to manage, it’s tough, woulda been perfect long but of course I couldn’t do that! MTP another HTB SDJ, sub dollar though, didn’t really watch since no way to play.
Poz tone, though flattish prices … FTNW the HTB du jour… 76,400 trades, nothing like CFIS yesterday but still… HTBX and ZYNE PO movers but no spots and FTNW had all the attention and money in the day trading world. Glad to finally exit KNDI, though driven out at trailing stop on final bit. Notes on charts:
Poz broad tone, never a down day … CIFS TTNP KNDI UXIN … ACHV day two down 24% 9,600 trades, 181,000 last Friday, lol. Notes on charts.
Poz broad tone (predictably, can’t have two down days in a row, been the case for months now) … ACHV the HTB du jour and the only game in town … all ZSAN losses recoupable but only if you acted off of PO difangs, no spot in regular hours, and they triggered SSR early, the dirty bastards … finally stopped out of DBD, crazy to hold it that long but better than monkeying with the original stop. KNDI the clown car company still holding up… it’s either going to go to new highs or collapse, take your pick.
Slightly negative tone (don’t worry, it’ll go up again tomorrow) … ZSAN all-day runner, Killer of Flying Pig Players, KNDI, ADIL, CREG … notes on charts.
Poz tone for the SPY yet again. Never a down day, for months now. PO HTBs KNDI, CLSD, RIOT … interestingly IB had a few shares of KNDI and CLSD which I anticipated would all be pre-borrowed and was correct about … RIOT is full red unshortable … KNDI squeezed all morning and into 13:30 and I shorted C&B and eventually A off of PO difangs, IB gave me a very nice fill on the A since they ran out of borrows in the morning then found some in the afternoon and filled me right then (near top tick of course) … would have been awkward if I wanted to add at C1 and had no shares available, woulda been a major bummer but it didn’t happen. KNDI has had a $300M shelf in effect for a year and a half now and this NHTSA approval the perfect spot for them to sell into, but we’ll see. Able to carry since not paying 7x for the overnight barrow, ha! CLSD a little more straightforward, shorted C&B and could have added A but they ran out of borrow (didn’t pre-borrow enough, same as KNDI), woulda been near top tick (of course) but I’m fine with this ave and will hold into a StuckAtaProfit day(s) and eventually cover out for the expected gain (he says confidently (hopefully?)) … they did find 20K more shares after hours, but we’ll see about adding them, probably won’t.
Broad tone poz, god forbid there’s a down day and never ever two in a row…. PO HTBs: SKYS ORPN ARTW … shorted SKYS (0.18 borrow) at PO C covered half at minC, didn’t hit Typ3 before close, wasn’t going to carry at 7x cost, SKYS was only FIDO in morning though of course crowded out by day end … RIOT full red at IB came alive (latecomer) given BTC rally, put in big run, gave many good spots (secondary and even tertiary), RIOT FIDO #14 EOD predictably, ARTW C&B possible, minC and Typ3 reached during day, ditto for ORPN though ORPN did a vicious squeeze first, woulda had to be secondary entries .. XNET another old BTC play back to life, IB has 2.5MM shares so I’ll stay away :) … good day, very solid trading, coulda been very big if not under PDT, money will be sent this week or next (he says hopefully). Still have two old positions (PYX, DBD) yet to stop out but looks like they will … once those are clear, I can switch 100% to bookie broker.
SAEX, SKYS, APHA, SOLO, DUV, CYBR, ARRY, DBD, PYX … poz broad tone, can’t have down day anymore, not allowed, comments in charts below:
Mixed broad tone …HTBs du jour: SOLO (again), RBZ, FUV (latecomer) … scratched a number of marginal things, put on full risk in CYBR (all-time high), no way to reduce risk given time of day. See charts below:
Poz broad tone … noticed that since Dec there’s never been three consec down days and rarely two, massive uptrend means no tailwind … SOLO the HTB SDJ today … 88,888 trades at day end … PTX the other HTB SDJ … I shorted SOLO (0.02 borrow) in the morning at C&B avoided adding A (fortunately, partly because I didn’t want to pay for yet another borrow) and stopped out for a 1R loss, well played … then they ripped it to 3 no 4 no (after hours) 5 and maybe 6 as I type this … you gotta honor thy stop … recall that I lost a VAST amount of money recently in APHA from what? not honoring my stop, then my head was screwed up so I couldn’t take advantage of it as it fell and I surely would have made it all back and then some … a loss like COTY yday, that’s a fluke, that doesn’t count, I honored thy stop as best I could, no regrets (helped that it was very small size lol) … covered the rest of APHA Typ3, there’s an example of a fine trade which made back most (all?) of my squeeze out loss earlier, my head was still in the right place with that one… some of the late day things I put on yday I scratched, just a waste of time (and commish) .. covered some PTI at an adjusted minC, will scratch the rest if it bounces, it’s dead 3980 trades today … shorted PYX messed up by not getting an add at B but I was busy and there were a million things in play today, at least I got the main size on … shorted YGYI covered minC waiting below with rest … tried to short GSUM, no spot but free borrow made me look hard at it … shorted RKDA, DBD, will see what happens, may end up scratching or taking a loss, who knows.
Snow day, kids home, poz broad tape, COTY tender whammy, not a small cap after all, PYX VKTX TROX CVNA CHGG WORX (0.05 borrow) MIME … lotta earnings, still waiting below in AMRS ARRY PTI … VKTX good and bad
May write more later … AVCO SPI PTI OTLK AMRS
Weird mixed tone with eod spike (see chart below) … brief notes … quiet Friday … lowered stop on AMRS and they jammed me out which was of course a perfect spot to add, so I instantly re-shorted (revenge trading much?) but I still think I’m right and this was so low-volume shenanigan BS, dummy de-Gentile revealed his big short so now they have to drive him (and me) out … SNNA the only HTB play, miraculously IB got me some shares but not even enough for a full fill on ONE leg, annoying and messes up the whole thing, thank god it worked otherwise I really woulda been annoyed … used bookie broker (0.0369) to short some more but again couldn’t leg in due to PDT, dumb, must get money over there but I’m worried about the bookies booking back to Bermuda or wherever :-) But SNNA a beauty entered C, got no adds (see above) but got lovely minC Typ3 exits for a solid win… if you were playing the morning “flag” breakout you surely woulda been trapped and crushed a real disaster but that never happens to anyone at least on TWTR, ya know… COTY an earnings play and I was a little smartassy shorting the PO B level or at least I think that’s what I was doing, didn’t wait for C which I think is a rule, innit?, but of course it went against me and I was good about not adding in the PM (for once!), will be a small loss if I don’t pull the stop which I very well might since I’m a sicko… ARRY not getting to minC and I wish it would before ToS gives me another margin call in my rapidly diminishing $4K account, lol … HYRE was a yday HTB SDJ and today it did under a thousand trades EOD talk about being StuckAtaProfit don’t worry no one holds overnight with the 7x fee sheesh. BIOC did an offering PO those dirty bastards, I recall shorting $3 just the other day and now it’s $1, but again, 7x ON holding cost. Usually I lose money on Fridays, often lots, but SNNA saved me today (bookie broker borrow the key there).
Broad tone neg, first trend day down in ages … I got a margin call in my $4000 ToS account on the ARRY as they gapped it against me, that was a surprise, never seen such a thing, it must suck to be a little guy, any kind of day trading just impossible if you’re short stacked, no wonder the kids go to the sleazy offshore bookie brokers, they don’t have a choice … anyway stopped out of ARRY and re-shorted it immediately in both ToS and IB. AMRS looked weak so I did the Smashian in the money add and it instantly went against me. Added more off today’s OR, but they drove me out. Made a sorta mistake not tightening stop on it, but did end up taking 1R loss (on one leg only, coulda and shoulda been three legs given morning action but I was confused by in the money add and old posish so thankfully took a smaller loss than I should have) on today’s trade … the larger AMRS play still underway, even added some more at C which was only semi-wise? Covered some MGNX at D since the range is so crazy there, I’ll be happy to be all out at minC, fingers crossed it’s way down there… two decent HTB plays this morning HYRE and ATOS (see below), I played neither, PULM a latecomer and instantly failed, I never woulda been quick enough, BIOC also briefly in play, I didn’t take the borrow, LCI earnings thought I’d get a play but they slammed it so hard during OR it was finished.