Monthly Archives: May 2015

Watchlist for 5-28-2015 – $ONTY, $GBSN, $EOX, $CBLI, $MNKD, $OHGI, $BIOC

Today’s Plan:

Annoying day yesterday, basically EVERY stock hit my targets and had I traded them better would have been easy nails. I really feel confident in my ability to build solid plans, where I currently struggle is having the conviction to execute those plans, and then have the conviction to let them work out.

Today’s List: Full list from Yahoo Finance

ONTY – Target: $3.50

GBSN – Will only draw interest if it gets crazy, $4-$5 etc

EOX – Major fuckup not trading this pre market yesterday…. Doubt I’ll get the chase but I’ll watch this for short squeeze type action to get an entry.

CBLI – Traded this with no conviction, ended up flat, had I stuck to the plan and waited, could have made 0.30+ per share. Target: $3.40-$3.50

MNKD – Stayed away from this yesterday, (good non trade) Target: $5.50

OHGI – Target: $2.70

BIOC – Target: $3.60

VERY useful post on becoming a CPT by @investorslive – Consistency vs. Dollar Profits

Great post with lots of value, especially for “grinders” like me.

What do I mean by consistency?Being a consistent trader means that you can take profits from the market over and over again. You come to the market each day and know that you are walking away with a paycheck. You’ll have your losing days as well, but overall you have developed a skill that allows you to consistently make money. Dollar profits are nice, but they should not be your main focus. You should be focused on trading consistently in order to validate your trading abilities. Consistently making $200/day is more impressive than making $10,000 on one trade. This idea may seem crazy to some. Why would you want to make $10,000 over 50 days instead of taking it all in one shot? The answer is simple: one method is more sustainable in the long run. Think about it this way. Who do you think would be a better trader overall? The guy who had 50 $200 profit days to make $10,000 or the guy who made $10,000 in one trade? The guy who had 50 $200 profit days has proven himself over and over again, whereas the trader who made $10,000 in one shot has not.

Source: Consistency vs. Dollar Profits

Below is by FAR one of my biggest issues. I can nail a trade with a solid plan, but it’s NEVER good enough. I kind of knew this already, but thanks to Nate for helping me discover it more clearly.

3. Appreciate Your Progress
Trading is great because it’s a constant challenge; you can always do better. That being said, this makes it so some traders are never happy because they always want more. Learn to appreciate your progress. If you are consistently profitable, you are doing better than 90% of traders and you need to recognize that. Try to understand the necessity of each step in the process of becoming a successful day trader. Even if you only make $50/day from trading, you are on the right path, as long as you remain consistent. Higher profits will come as you keep working at it.

Watchlist for 5-26-2015 – $ONTY, $PBMD, $AVEO, $HNR, $SGYP

Today’s Plan:

“Grindish” day Friday, nothing too exciting. But I traded my plan, sometimes it just doesn’t work. None of these setups are that great, looks like another day to battle to be patient.

Today’s List: Full list from Yahoo Finance

Oncothyreon Inc (ONTY) -NasdaqGS

Thought about going long this Friday, and it would have worked out pretty well. Big goal this summer is to get better at buying morning momentum. I’m short bias, but its gotta get much higher for me to trade it.

Target: $3.50

ONTY

Prima Biomed Ltd. (PBMD) -NasdaqGM

Target: High $3’s

PBMD

AVEO Pharmaceuticals, Inc. (AVEO) -NasdaqGS

Target: $2.75

AVEO

Harvest Natural Resources Inc. (HNR) -NYSE

Target: Pops, $1.90

HNR

Synergy Pharmaceuticals, Inc. (SGYP) -NasdaqGS

Traded this for pennies Friday, never cracked, even though the profit was shit, I’m happy with how I handled it. Cut it quick and didnt sit there and hope.

Target: $4.50

SGYP

Wachlist for 5-22-2015 – $AVEO, $NBS, $HNR, $MNGA, $ISR

Today’s Plan:

Ok day yesterday, no conviction though. I made good trades but never let them work. For some odd reason I was just feeling gunshy. And was flat out too conservative. That being said with it being a Friday before a holiday. I plan to be very selective today.

Today’s List: Full list from Yahoo Finance

AVEO Pharmaceuticals, Inc. (AVEO) -NasdaqGS

Ideally this spikes hard to give a short entry.

AVEO

Neostem, Inc. (NBS) -NasdaqCM

I’m interested in a push towards yesterday’s highs.

NBS

Harvest Natural Resources Inc. (HNR) -NYSE

Shorting pops

HNR

MagneGas Corporation (MNGA) -NasdaqCM

Almost tried the fade several times yesterday, but never felt right. Glad I stayed away, hoping for a pop.

mnga

IsoRay, Inc. (ISR) -NYSE MKT

Basically the same as AVEO, this is dead meat, will short spikes.

ISR

Watchlist for 5-21-2015 – $PBMD, $ISR, $MNGA, $BSQR, $ONTY, $AMCN,$MNKD

“Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.” ― Dale Carnegie

Today’s Plan:

Interesting day yesterday, I lost money, but I traded well IMHO. Sure the wise man in me says I should have just left $PBMD alone till later in the day. Then at that point there would have been no temptation to short it.

But mid morning it was a juicy setup for sure. As you see below, I waited for my entries, none of them were rushed. And in hindsight I shorted basically the only two weak points it showed all morning. Then covered as soon as it didn’t work. I did not get stubborn and did not add.

But that being said I’m a little rattled mentally, I think more because of reading all the tweets from a lot of guys that I greatly respect. I’m going to REALLY be patient this morning and just watch/plan/think. If I make a trade today it will only be a late day fade/crack style setup.

Today’s List: Full list from Yahoo Finance

Prima Biomed Ltd. (PBMD) -NasdaqGM

Let it do its thing, may be at $10 may be at $2, but while I’m interested its on ignore till after noon.

Target: Late day reassess

sc

IsoRay, Inc. (ISR) -NYSE MKT

Same plan as PBMD, I’m short biased but not in the morning.

ISR

MagneGas Corporation (MNGA) -NasdaqCM

They keep pumping out PR’s hoping this gets crazy but waiting for topping.

Target: $1.75

MNGA

BSQUARE Corp. (BSQR) -NasdaqGM

Hoping for one more push then a fade off.

Target: $6.50

BSQR

Oncothyreon Inc (ONTY) -NasdaqGS

Shorting any pops, even small ones.

Target: $2.50

ONTY

AirMedia Group Inc. (AMCN) -NasdaqGS

Traded this ok yesterday, covered into a small crack because of watching PBMD, thought it was poor at the time, but this ended up grinding all the way back.

Target: $6.20

AMCN

MannKind Corp. (MNKD) -NasdaqGM

Been fighting this here and there all week, it seems to be holding this $4.70 level, if it can spike to $5+ I’m interested.

Target: $5

MNKD

Watchlist for 5-19-2015 – $MNGA, $OSUR, $ONTY, $AMCN, $HNR, $GIGA

Today’s Plan:

Today’s List: Full list from Yahoo Finance

MagneGas Corporation (MNGA) -NasdaqCM

Glad I avoided this yesterday, it was never really up enough to get that interesting. Good moves pre market, hopefully it really gets going.

Target: $2

OraSure Technologies, Inc. (OSUR) -NasdaqGS

Target: $8.00

Oncothyreon Inc (ONTY) -NasdaqGS

Target: Push towards Friday’s HOD – $2.80’s-$2.90

AirMedia Group Inc. (AMCN) -NasdaqGS

Held this overnight, looks like it could fall apart.

Harvest Natural Resources Inc. (HNR) -NYSE

Looks like gap down, just noticed that after I cut and pasted it, probably an ignore now.

Target: $1.50

Giga-tronics Inc. (GIGA) -NasdaqCM

Wait for it to put in a top, HOD rejection style.

Watchlist for 5-18-2015 – $MNGA, $AMCN, $HNR, $ONTY, $NES, $VBLT

Today’s Plan:

Good day Friday, traded my plan and was out of everything and in cash for the weekend. Awesome to start the week out fresh. Good but not great batch today. But excited to get rolling again. Beauty of the market, more than any other profession or “job” EVERY and I mean EVERY day is a new basket of opportunity. With almost unlimited potential.

Today’s List: Full list from Yahoo Finance

MagneGas Corporation (MNGA) -NasdaqCM

This thing always fails after pops, while it is up 100% in a few days I don’t really like it here in the $1.40’s, will watch for pops.

Target: Ideally some sort of para move.

MNGA

AirMedia Group Inc. (AMCN) -NasdaqGS

POS china play, but earnings this morning. I’m sure they will be bad, ideally some shitty news but a short squeeze. If it holds I’ll ignore since it is sitting at a nice breakout point.

Target: Squeeze type move, or late day fade.

AMCN

Harvest Natural Resources Inc. (HNR) -NYSE

Blegh, NYSE, but interesting chart.

Target: $2 or high $1’s

HNR

Oncothyreon Inc (ONTY) -NasdaqGS

I’m thinking I might be “grudge trading” this since I played it so badly Friday. Profited, but I covered into some teeny spike and then it literally faded the ENTIRE day.

Target: Not much downside, so I want a power move through $3.

ONTY

Nuverra Environmental Solutions, Inc. (NES) -NYSE

Target: +$6

NES

Vascular Biogenics Ltd. (VBLT) -NasdaqGM

Not sure if I will trade this, but this is the type that frustrate me constantly. I take quick profits, but then you check back a couple days later and they are massively below where you originally shorted them. I’ll watch pops.

Target: High $5’s

VBLT