Watchlist 5-14-2014 – $DRL, $ICLD, $XGTI, $HALO

While I know non-trades/paper trades are annoying as hell… I did spend a lot of time working in stockstotrade.com yesterday and feel I’m found a pretty good system for patching a huge hole in my abilities. Trading the long side. Buying has always been a weakness of mine because I am so much better at location short setups. We will see if it works longterm, but stockstotrade.com helped me locate $ICLD early yesterday before the big move. I did not trade it because I was afraid I was just desperate to find any long to take. If I locate and find another high probability setup I’ll let the rubber meet the road today and see how it goes.

Today’s List: Full list from Yahoo Finance

DRL

I’m still holding from Monday, seems like nothing but carnage coming on this after the momentum goes away. Non stop bad news and the chart looks like it could really crack. Bummer is I never went into this as a “swing” it was a daytrade and now here I am still holding it 3 days later. Pisses me off I went against my original thesis.

DRL

ICLD

As mentioned in the video above, I missed this on the long side, I’ll now be looking for a short entry.

ICLD

XGTI

Shitty looking wireless play, non stop fader until a recent spike. Would be nice to see some more upside today, then setup for a late day fade.

XGTI

HALO

Even bigger than the fuckup of missing the long on $ICLD, was missing the short on this yesterday… Popped out of the open and then faded literally the ENTIRE day. Would have been an easy low stress short. It might go a little lower, but I’m only added it because I’m so annoyed I missed it yesterday. Look for these setups pre market!

HALO

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