Watchlist 3-11-2014 – $PLUG, $FCEL, $THTI, $XXII, $RGSE, $SUNE

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Trading can be very solitary for sure, it is one of the great things as well as one of the most challenging. It today’s list I go over some recent challenges and the growth I hope to gain.

List from 3/7/2014: Full list from Yahoo Finance

List from 3/10/2014: Full list from Yahoo Finance

Today’s List: Full list from Yahoo Finance

Yikes quite the day yesterday! I broke a lot of rules shorting $PLUG pre market. I got out pretty quickly after the open for a loss. Nothing catastrophic, but frustrating, I literally broke about 2/3rds of my rules on that trade.

Because of that I did follow rule #8 and spent some time in introspection, as well as blog. The post was not necessarily directly related to the loss, but more in line with my lack of a REAL goal.

In hindsight it seems silly to be trading 10’s of thousands of dollars with absolutely no plan or goal. But I think in the transition from part timer to full timer it simply never crossed my mind that now I need to enforce more discipline and actually have a plan.

PLUG,FCEL,BLDP

While they should not be, I’ve decided to keep all these fuel cell plays on watch. None of them are ready to short, but they are all so “in play” that its hard to not at least keep an eye on them.

PLUG

BLDP

FCEL

THTI

Should have shorted the gap up yesterday, but I was fucking around with $PLUG instead. Keeping this on list to see where it goes, but this is MY TYPE OF PLAY, should have been in this and NOT $PLUG.

THTI

XXII

I think this is a total carcass, but I don’t totally understand the whole uplisting thing, So I’m watching this one more day.

XXII

RGSE

Junk solar, need to keep an eye on the whole sector, another annoying loss I had recently was $SUNE, looking for some revenge. I try and short solars every time they pop.

SUNE

RGSE

Watchlist 3-10-2014 – $BLDP, $FCEL, $PLUG, $SMSI, $THTI

List from 3/7/2014: Full list from Yahoo Finance

Solid list from Friday, nailed the shorts on $ZAAP, $PXLW, $PPHM, $XGTI

What a killer day to be trading penny stocks, I was out most of the day for my son’s birthday party, but after getting home in the evening and clicking review, it was super exciting to see the outcome of the screens!

Only bummer about a killer scan on Friday is as a result I don’t see a whole lot today. Below are some mediocre setups, but nothing I’m too excited about. I’ll start digging harder about 8:30 to prep into the open.

Full list from Yahoo Finance

PLUG,FCEL,BLDP

These are all the same sector and all up huge, but everyone and their brother are trying to short them. I like the charts, but I prefer to short stocks when the crowd is on the believer side not the hater side. They will all probably end up solid shorts, but not today/this week.

BLDP

FCEL

PLUG

SMSI

Positive news, but these guys are just “too old” in my opinion. I remember using their Telnet application back in the 90’s. Looks like they are just doing some lame rebranding to stay relevant.

SMSI

THTI

Kind of like $SMSI, good news, but boring industry,how exciting can heat transfer plates be?

THTI

SMSI

Watchlist 3-7-2014 – $ZAAP, $PXLW, $PPHM, $BLDP, $FCEL, $SUNE, $NEWL, $XGTI, $ZBB

Alright, I’ve decided to get back into cranking out the daily watchlists. My trading this last week has been pretty erratic and all over the place. Profits have been hard to produce on a consistent basis. I’m up a bunch, then give a lot of it back. I’m too quick to close out winners and holding on to losers to long. I’ve been putting notes in my private journal but I think “putting it out there” is much more productive. Between a daily watchlist and a daily recap I think its a solid way to produce a more consistent profit curve. Not to mention when daytrading its tough to remember everything you did in a day. Reviewing via a blog is a killer way to cement in your head what you did right and wrong during the day.

Not to mention, forcing yourself to look in the mirror when it comes to your trading performance is a great way to “Be a professional”.

Full list from Yahoo Finance

ZAAP

Huge news about something to do with their electric car, I won’t short this, its too cheap, plus I have no idea how good the news is. But should be interesting to watch.

ZAAP

PXLW

Scary and usually foolish to short into $APPL hype, but I’m watching this one close for fading, huge day yesterday and even more after hours.

PXLW

PPHM

I’m short this overnight and up a couple cents, I made solid money on the long side the other day but sold at like $2.20… I also plan on getting back into posting real time trades on Twitter. Not that anyone will perceive any value in them, I just again think its productive to trade in the sunlight. I’m confident one of the reason’s many of the Profit.ly guru’s do so well is because they know they have hundreds or thousands of eyeballs watching every move. Myself I find it much easier to be disciplined and follow your rules when you know others are expecting you to.

PPHM

BLDP,FCEL

These are both $PLUG sympathy plays. I have made a couple hundred here and there shorting $FCEL and $PLUG, but the profits have been piddly. I’m not that interested in $PLUG anymore, but I think the big short could be coming soon both on $BLDP and $FCEL.

BLDP

FCEL

SUNE

Lost money being to early on this one. In hindsight my trade was foolish, it never showed ANY signs of fading and I kept adding to my position. Still strong yesterday, but soon it will roll over hard me thinks.

SUNE

NEWL

I’m to dumb to understand these reverse splits, so I’m just adding this as a reminder to check on it in a few days.

NEWL

XGTI

Missed this solid short setup the other day because I was wasting time on shittier setups. There is still some solid potential here though!

XGTI

ZBB

Similar to $XGTI, I think the good entry has been missed, but still solid potential for this to fade.

ZBB

Now that I’m done, I forgot how much I like making these lists! Its time consuming, but worthwhile and really helps dial your mind into the trading day. While creating this list may not make a huge difference I think its like cramming before a test, even if you already know the material it just helps dial you in last minute.