“Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.” ― Dale Carnegie
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
IsoRay, Inc. (ISR) -NYSE MKT
Same plan as PBMD, I’m short biased but not in the morning.
MagneGas Corporation (MNGA) -NasdaqCM
They keep pumping out PR’s hoping this gets crazy but waiting for topping.
BSQUARE Corp. (BSQR) -NasdaqGM
Hoping for one more push then a fade off.
Oncothyreon Inc (ONTY) -NasdaqGS
Shorting any pops, even small ones.
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.
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.