Trade Notes: $ENOC 2-25-2016 – 2-26-2016

Notes:

2016-02-25 9:45 am – Started SS @ $6.31, try and let it work out and add later.

2016-02-25 9:55 am – Should have added into the $6.20 perk.

2016-02-25 10:03 am – Add @ $5.97

2016-02-25 10:20 am – Nat Gas numbers coming up, cover any washes.

2016-02-25 10:30 am – Hmm thought this would track with Nat Gas more, apparently not..

2016-02-25 10:58 am – Trying to add into pops for fade under $6.00

2016-02-25 3:49 pm – Not working, too patient small size look to attack tomorrow.

2016-02-26 3:13 pm – Silly overnight hold, but after waiting literally all day its finally starting to work.

2016-02-26 3:18 pm – Duh just realized it hit SSR need to get out ASAP.

5 thoughts on “Trade Notes: $ENOC 2-25-2016 – 2-26-2016

  1. Its basically the uptick rule, once a stock hits 10% down on the day you can only short upticks. While this does not mean it will not continue to go down in an illiquid stock like ENOC it can kind of “stop” the move down for the day. If you review the chart for today you will see it hits 10% down then grinds back.

    https://en.wikipedia.org/wiki/Uptick_rule

  2. Ah, familiar with the rule, just not the abbreviation. Thanks for the explanation, Tim. I find your write-ups helpful and hopeful. Do you know of a list of daytrader abbreviations? Do you know what r/g means?

  3. Thanks! As far as I know there is no conclusive list, but this is a very good one from Investors Underground:

    HOD – High of Day (nHOD = new high of day) LOD – Low of Day (nLOD = new low of day)
    Typically NOT used near market open. Proper usage is when a stock has retreated from a high or low, then later makes a new high or new low.
    EOD – End of Day
    O/N – Over Night
    52s – new 52 week high
    B/O = breakout
    SS or S/S – short sell
    Green – Price is above previous day’s close
    Red – Price is below previous day’s close
    Green to Red (G/R) – Stock was above prior day’s close, but now has dropped below it
    Red to Green (R/G) – Stock was below prior day’s close, but now has rose above it
    L/F – low float
    ADR – average day range over a certain period number of days, example: ADR(30) – the higher the number the more volatile
    D/R – DayRanger
    SSR – Short sell restriction/downtick rule
    UBB – Upper Bollinger Band
    LBB -Lower Bollinger Band
    DD – Due diligence, do your homework on the stock, news, earnings, fundamentals etc.
    E/R – Earnings Report
    Pre – Pre-market trades
    AH – After Hours trades
    Shoooooop – often referred to when a stock starts to tank hard
    Low float -usually small cap companies with fewer shares issued and a lot of those shares owned by insiders or institutions. Hence lower number of shares actively traded. That increases volatility and potential for short squeeze or drop/rise on E/R or news.
    R/R– Risk/Reward
    10/60 cross – See post on sidebar under important posts.
    MuddyZone – Search blog for that phrase, on daily chart is area between the EMA 10/SMA 30 (or 20)
    Jiggy – Phrase coined by Muddy. Refers to watching the Scottrade quote box when a stock is gearing up for a possible big move the bid/ask size, bid/ask exchanges, and the prices all start to change very rapidly as orders are increasing tremendously.
    S/R – support/resistance
    DayRanger refers to the stocks from our scan with the highest average day range (a measure of volatility). More volatility can equal greater than average returns. The day range returns the difference between the high and low prices of the day, represented as a percent of the closing value. For example, suppose a stock closed at 10, the high was 11 and the low was 9. The difference between the high and low is 2. Represented as a percent, the day range is: 20%. So ADR(10) of 20% means the average day range over a 10 day period.
    PPT Plunge protection team – meaning the prop job that comes in towards the end of the day to give the market a boost into the next trading session

Leave a Reply

Your email address will not be published. Required fields are marked *