$AVNR Insider Sells – I’m short.

Meh, I don’t get to excited about these filings, but when you are short into a huge spike it can be pretty encouraging when the COO and the VP of finance are selling to a pop. Sure its hard to blame them, but at the same time if they believed in the long term prospects why sell the first time it has pushed up in a looong time.

Notice the sells are all on the 15th, so they sold as soon as the could. No waiting for them!

AVNR-1

AVNR-2

AVNR-Sept-15

Trade recap – 9/17/2014 – $AVNR, $VIMC Big Inspiration from @investorslive and @lx21 video!

Well after watching LX21’s Investors Underground interview (which is a MUST SEE BTW). I decided to reboot a little to my older more systematic method of trading. I’ve been bitching all summer about small profits and scalping. At this point I think I was being a pussy and blaming the market when I should have been pointing the finger back at myself. In trading there is only one person that creates problems or creates profits, yourself. That being said Gregg’s video really reminded me that one of the best ways to be a profitable short seller is with a more detailed and system like approach.

I’ve gotten tired of chasing moves and trading morning momentum. I’m both better at and enjoy more, waiting for the hype to fade and shorting for bigger moves. Sure its predicatable that you can get a quick scalp off when stocks go parabolic, but its filled with anxiety and just feels more like gambling.

I’d rather analyze, pick my spots and stick to rules and a plan.

Thanks Nate, Cam and Gregg for a great and inspiring video.

I decided to hold both $AVNR and $VIMC short overnight, $AVNR did hit my stop quickly but I held through it, but had a plan. I told myself if it stays strong after the fed news at 2PM I’d exit. I had enough degenerate forsite to see an anomolous spike around the fed meeting.

$AVNR Notes: http://blog.tbohen.com/?p=3363

$VIMC Notes: http://blog.tbohen.com/?p=3368

Trade Log – 9/17/2014 – $VIMC

Ticker: $VIMC

Entry: $8.00

Position Size: 675

Stop: $8.50

Target: High $6’s

Thesis:

Up a bunch of days in a row, I was intending on just watching this but put in a GTC order at $IBKR to get shares if they came available. Well thought I put it at $8.50 and actually set it at $8.00, so I’m short at a shitty price with an odd lot size. I’ll continue to hold (though probably foolish, the smart thing on a mistake is to always exist immediately) I’ll only add to my position under $8, I will not add to a loser.

Yahoo Finance Link

Chart:

VIMC

Trade Log – 9/17/2014 – $AVNR

Ticker: $AVNR

Entry: $12.25

Position Size: 1500

Stop: $12.75

Target: Low $11’s

Thesis:

Up huge on news about a very small market drug. Price has been very strong the last few days, but finally looks like the double top and fade are in. Writing this a while after entry, so I’ve used the day’s HOD as a stop. Tired of taking such small gains lately so my goal is to hold this over a couple days and try and get a profit down to the mid to low $11’s.

Yahoo Finance Link

Chart:

$AVNR

Watchlist 9-1-2014 – $AVNR, $IFON, $SCOK, $SINO, $VIMC, $VOIL

Today’s Plan:

Good looking list today, I held $AVNR overnight, will look to exit quickly on any morning panic. If it doesnt crack hard it will probably fight back. I wasted way to much time watching it yesterday. Annoying. I’d like to short $IFON and $VIMC, but do NOT want to be early. Would love to see a spike out of the gate then fading action mid day.

Today’s List: Full list from Yahoo Finance

Quote from Yahoo Finance- AVNR

AVNR

Quote from Yahoo Finance- IFON

IFON

Quote from Yahoo Finance- SCOK

SCOK

Quote from Yahoo Finance- SINO

SINO

Quote from Yahoo Finance- VIMC

VIMC

Quote from Yahoo Finance- VOIL

VOIL

Watchlist 9-16-2014 – $AVNR, $SCOK, $SINO, $VIMC

Today’s Plan:

Well looks like all the wearable camera plays and e-payment plays have pretty much died off. Not a ton on watch today, guess its time to wait for the next theme to pop a bunch of junk. $AVNR is probably the most “in play” stock, but I got beat up on it yesterday so I’m going to try and avoid it.

Today’s List: Full list from Yahoo Finance

Quote from Yahoo Finance- AVNR

AVNR

Quote from Yahoo Finance- SCOK

scok

Quote from Yahoo Finance- SINO

sino

Quote from Yahoo Finance- VIMC

vimc

Watchlist 9-15-2014 – $AVID, $ISNS, $NETE, $OTIV, $SCOK

Today’s Plan:

Similar plan to most days, I see no great setups right out of the gate. My goal will be to sit on my hands until post 10AM, then start looking to short faders. $OTIV is up this morning and $SCOK is flat, these are probably my two main watches. I won’t chase, so hoping they will spike then fade.

Today’s List: Full list from Yahoo Finance

AVID

AVID

ISNS

ISNS

NETE

NETE

OTIV

OTIV

SCOK

SCOK

Jason Ferruggia – You’ve Only Got Six Months to Live

So think about this, long and hard. Get out a notebook and write down your answers then give it some serious consideration.

If your doctor told you today that you had 6-12 months to live what would you immediately stop doing?

What do you do regularly that you have no passion for?

What brings you down that should stop doing?

Who brings you down that you should stop spending time with?

What are you wasting countless hours each week doing?

What things would you start doing?

What have you always wanted to do or learn but put off because you were “too busy?”

What friends could you reach out to more often that you haven’t seen or talked to in a while?

What experiences would you want to have?

Who would you want to spend time with?

What would you want your legacy to be?

via Jason Ferruggia | Muscle Building Workouts | Bodyweight Exercises.

TraderFeed: Discovering Your Trading Psychology With Your Trading Metrics

Jeez both of those sound familiar…

 

2)  Losing money during quiet market periods – One analysis I like for stock market traders is to break P/L down by VIX periods.  How does the trader perform when markets are most and least volatile?  How well does the trader transition from higher to lower volatility periods and vice versa?  For daytraders, how does the trader perform during midday hours vs. early mornings and late afternoons?  During quiet periods with narrow ranges, does the trader make more trades or fewer?  It’s not uncommon to see risk-prudent traders struggle when volatility rises and aggressive traders struggle when volatility is crushed.

3)  Losing money with good market views – This one is a little more challenging to analyze, but very worthwhile.  What happens to traders’ positions *after* they exit their trades–particularly after losing trades?  Very often, traders have a correct market view and still manage to lose money.  By placing stops too close to entries and by adding to positions when moves have already extended, traders generate good ideas but execute and manage them poorly.  A common variant of this problem is placing profit targets too far away during lower volatility markets.  Trades start out in the money and end up scratching or with losses–a frustrating experience to be sure.  Sometimes we see traders taking profits in trades that often ultimately extend far more in subsequent hours and days.  That occurs when ideas are generated on one time frame of analysis, but managed (for psychological reasons) on another, leaving plenty of money on the table.

via TraderFeed: Discovering Your Trading Psychology With Your Trading Metrics.

Watchlist 9-5-2014 – $ACHN, $DGLY, $ISNS, $VII

Pretty small list of the usual suspects today.

Plan:

I have other things to do this afternoon, plus I’m not fond of trading Friday afternoons, especially when it is supposed to be 80 degrees and sunny. My focus will be managing my overnight short in $ACHN and possibly making one other trade. But going to really fight to keep it low key, that way I can go into a full week next week ready to rock.

Today’s List: Full list from Yahoo Finance

ACHN

ACHN

DGLY

DGLY

ISNS

ISNS

VII

VII