Watchlist 12-10-2014 – $IDRA, $JRJC, $ARRY, $TPLM, $CTIX

Plan:

Kind of have my morning already set since I held three shitty setups overnight. All three are small position sizes though since I never really liked any of them. $IDRA and $ARRY, and probably 50/50 at best, the might drop they might squeeze me out. I’ll admit they were boredom trades yesterday afternoon. I did well in the morning and probably should have just packed it in during the afternoon. All afternoon the $SPY was trending back towards green so nothing short was going to crack. Something I need to work on is recognizing slow afternoons and learning to walk away.

IDRA

Made decent money on this and had a nice cover into the mid morning drop, but then re-enterered when it looked weak and was thinking it would crack $4, it held and ground up a little late day. I’ll be looking to cover flat unless it trends consistently down.

IDRA

JRJC

Spiking a little premarket, but my position is small, I won’t add in pre but I’d be game to add into some weakness after open.

JRJC

ARRY

Same plan as IDRA, if it tracks sideways or grinds up, its not a good enough setup to waste all day watching it.

ARRY

TPLM

Nice strong move off the bottom, I’ll be looking for a top to set risk against, ideally some sort of gap up out of the gate to let me risk against HOD.

TPLM

CTIX

Traded this well yesterday, I entered in the early morning top and covered into the late morning crack. It ground back and I though about shorting mid afternoon. Bummed I didn’t, especially since the only reason I didn’t was because I said to myself “You have too many positions already” And all those positions are mediocre..

CTIX

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