Trading Notes -- 20190115 Tuesday

Added on by C. Maoxian.

Broad tape strong … lots of action in small cap land … they took MBOT to new highs after the offering news (hit 7.50 PO), nearly hit $20 during RH then closed it below $10 :-), some beautiful spots for the Chairman but no borrow means no joy … KTOV I did have pre-open borrow but didn’t take them since I thought they’d be around when I needed ‘em, wrong! … flip side of that was looking for ABIL borrow pre-open, nothing, then after it tanks, they have 250K avail. SMH. NEO, those phuckers, filled me tiny pre-open, again sniffing out, filled quite a bit more 2 cents above me during OR but then took it up, I lowered stop, they felt me out and filled me .999 (no joke) then took it down (well played) … FTK being patient but it may come back on me. Did short NBEV pre-open which was ok, but then LLP had dentist, had to run, no way to manage re-entries, etc., but it was a good, disciplined trade, nice gain. Shorted some BBBY, didn’t get best fill at open which woulda been sweet, nice cuz unlimited borrow, didn’t get target, may fail, I’ll be patient .. stalking VHC tomorrow since I have lots of borrow (for now!)

KTOV: Some borrow pre-open, none when I needed them, FIDO #9

09:25 3.27K, 10:00 22.8K, 16:00 118K

MBOT: No borrow, FIDO #2

09:25 2.23K, 10:00 33.0K, 16:00 107K

NBEV: Yes borrow, FIDO #11

09:25 2.78K, 10:00 17.9K, 16:00 67.5K

VHC: Yes borrow, relentless trend up, note 10/16 dichotomy in TC

09:25 360, 10:00 3.24K, 16:00 62.8K

BBBY: Yes borrow, shorted B and C, coulda shorted A but missed, note 16 TC

09:25 37, 10:00 4.52K, 16:00 47.5K

ABIL: No borrow pre-open, after it collapsed lots of borrow, TC died after it sank, note 10/16 TC

09:25 3.16K, 10:00 7.87K, 16:00 12.9K

Trading Notes -- 20190114 Monday

Added on by C. Maoxian.

Away more or less all day (LLP had doctor appt) … no borrows on stock du jour MBOT … or NBEV or, most maddening of all, SAEX. The last totally collapsed at end of day, closing down a mere 26.5%. Broad tape weak. Holds in FTK and NEO may eventually work out, no chance to add. AMRN hit all targets but I didn’t have a position (was out myself on Friday morning).

MBOT: No borrow, FIDO #4

09:25 2.03K, 10:00 18.7K, 16:00 118K

NBEV: No borrow, FIDO #13

09:25 459, 10:00 7.52K, 16:00 55.3K

BBBY: Yes borrow

09:25 77, 10:00 9.05K, 16:00 49.3K

Trading Notes -- 20190111 Friday

Added on by C. Maoxian.

Had to leave office at 10AM for endodontist appt… miraculously got borrow on SAEX but jammed EOD, out with disciplined loss, coulda added 100x but wasn’t prepared and woulda stopped out of course so just money saved… FTK plenty borrow but no joy … NEO came to target, I was on bid in absentia, no fill annoying, maybe too much size and they sniffed me by partialing that level, phuckers, will be patient.

FTK: Yes borrow … got 50x entry and minc chase (half size) … no collapse though, will add if necessary

09:25 5.53K, 10:00 21.9K, 16:00 58.6K

AMRN: Yes borrow, strong 10AM TC, FIDO #27, at endodontist so wasn’t watching, but woulda been

09:25 203, 10:00 10.2K, 16:00 45.1K

APHA: Yes borrow, didn’t watch it, not DD pre-open, FIDO #24

09:25 2.89K, 10:00 10.2K, 16:00 34.3K

SAEX: Tiny borrow pre-open, none during day, wicked short squeeze after 3:30PM

09:25 117, 10:00 2.09K, 16:00 15.2K

CRBP: Small borrow (40K pre-open), too thin (look at 10 / 16 TC)

09:25 253, 10:00 3.48K, 16:00 11.4K

TBLT: No borrow, DD PO, good spots OR but no borrow means no joy

09:25 69, 10:00 7.65K, 16:00 11.3K

Why Jewish Men Make Good Spouses For Chinese Women

Added on by C. Maoxian.

In addition to the obvious cultural similarities (importance of family and filial piety, love of learning and respect for education, being money-oriented, etc.), Jewish men are used to having had their balls busted by their Jewish mothers throughout childhood, so it only follows that they can handle having their balls busted by their Chinese wives throughout adulthood.

Trading Notes -- 20190110 Thursday

Added on by C. Maoxian.

Looked like it was going to be a down day, but no, things ended up … finally pulled the plug on IQ, huge loss after pulling stop days ago … ATOS beautiful move to typwav3 but I checked yday notes and had no borrow, that’s why I didn’t play it (woulda been perfect play, argh … well, from chase entry only, couldn’t have gotten any size).

BBBY: Yes borrow, FIDO #15 … no spot

  • 09:25 4.77K, 10:00 40.4K, 16:00 186K

AMRN: Yes borrow, latecomer, FIDO #19, not even 10AM qualifying TC, back from dead

  • 09:25 54, 10:00 5.95K, 16:00 87.7K

INPX: No borrow, good TC into 10AM not so much EOD, woulda been sweet though semi-scary two leg play but no borrow

  • 09:25 888, 10:00 13.4K, 16:00 33.1K

UXIN: Yes borrow, got a good trade despite chase entry at typwavc (half size)

  • 09:25 1.33K, 10:00 6.29K, 16:00 27.5K

NEO: Yes borrow, noticed midday, had borrow so sold some incl chase typwavc, maybe unwise

  • 09:25 3, 10:00 1.14K, 16:00 20.4K

DCIX: No borrow, buyback news yday AH, went super dead, no real spot plus too thin for my size

  • 09:25 1.06K, 10:00 6.71K, 16:00 16.8K

SAEX: No borrow, very tricky won’t die, glad I didn’t have borrow, this thing crushing people

  • 09:25 564, 10:00 4.05K, 16:00 19.5K

Movies Watched -- It Comes At Night (2017)

Added on by C. Maoxian.

91 minutes so the perfect length, but this movie was so bad that I regretted not watching it at 1.5x ffwd. Probably made by some Millennial trust fund kid (“writer-director”), it’s yet another dumb post-apocalypse movie. Pretty boy Charlie from Girls, now bearded, was in it … some other guy with a beard and a half-black wife and his all-black son, what was up with that? Did that make a bit of sense? Was the kid adopted?

Is there some kind of pathogen in the air that’s killing people, but they’re safe in the house? No news, no idea what happened to cause the chaos? Popping on and off their amazing protective masks (acquired where?) at random? I don’t even want to write about this mess any more, it was just terrible. Red rating, avoid.

Mick LaSalle correctly writes that it’s almost as bad as being there.

2019-01-10_10-32-54 itcomes.jpg

Trading Notes -- 20190109 Wednesday

Added on by C. Maoxian.

Yet another up day … Fed Day … frustrated by some lack of borrows … finally pulled plug on GME, painful but beats staying in pain after breaking rules … took final leg off TOPS

ATOS: No borrow, FIDO #29 … good spots though scary with near pickoff from PO levels

  • 09:25 1.76K, 10:00 14.8K, 16:00 34.5K

SAEX: No borrow, Latecomer not even 10:00TC, was FIDO but crowded out EOD, coulda covered 25x good one

  • 09:25 n/a, 10:00 n/a, 16:00 36.7K

GOGO: Yes borrow

  • 09:25 254, 10:00 11.7K, 16:00 24.0K

CEI: Yes borrow, later disappeared though I was able to get position on in time

  • 09:25 1.05K, 10:00 3.57K, 16:00 11.3K

How To Stick To Your Trading Plan

Added on by C. Maoxian.

If you find yourself changing your plan in the middle of a trade, you’re probably trading too large, i.e., the dollar risk that you’ve chosen to trade is not a comfortable amount to lose. You have to figure out, through trial and error, how much you’re happy to lose. This is the secret to sticking to your trading plan.

Say you start out risking $1,000 a trade (the distance between your entry and your stop) and you find yourself pulling or moving the stop, or adding to the position so you can adjust the stop to lose the originally planned amount (a.k.a., averaging a loser), then you know you’re risking too much, trading too large, and you’re not able to stick to the plan. Try risking $750 the next time and see if the same thing happens. If the problem persists, keep cutting your dollar risk until you get to the level where you stick to your planned loss.

Maybe you discover that it’s $100 where you’re finally comfortable with the risk. There’s no shame in trading small. In fact, it’s trading smart because you finally know the amount of dollar risk where you’ll stick to your plan, and you’ll see the gains begin to accumulate over time. As you gain confidence, you can increase your dollar risk little by little, until you find you’re uncomfortable again (by not sticking to the plan), then bring it back down to the last dollar amount where you never monkeyed with the stop or were tempted to add to a loser.

Trading Notes -- 20190108 Tuesday

Added on by C. Maoxian.

Chance to scratch IQ, got greedy said nah … did scratch some GME according to plan but still fighting it with bulk … impossible to fill PRAN, just insanely thin, tops was 15K in 15 min bar, finally took offer in disgust … sorting scanner by poz neg not TC, must train myself to look at it this way

AXSM: Some borrow pre-open but none all day RH, FIDO #12, sold more PO per plan, hard stop in (after IQ and GME lessons)

  • 09:25 2.58K, 10:00 25.7K, 16:00 75.9K

RHE: No borrow, maddening since it gave good spots, was FIDO during day but crowded out EOD, viz dead TC

  • 09:25 59, 10:00 6.04K, 16:00 15.7K

TOPS: Yes borrow, PO active, sold it, took two legs off per plan, B/E on rest

  • 9:25 1.08K, 10:00 3.88K, 16:00 8.12K