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.

Watch list 1/10/2013 – $ARNA, $MITK, $PRCP, $PRGN

Very pleased with my call of $PPHM, though I didn’t play it. Just when I was whining about lack of setups, I could have been trading this one for very nice profits! Gotta stay in the game.

PPHM

Another boring list, all potential shorts.

Full list from Yahoo Finance

ARNA

arna

MITK

MITK

PRCP

PRCP

PRGN

PRGN

Watch List – 1/9/2013 – $PPHM, $RFIL,

I think one of my projects this week is to start expanding my repotoire of scans. I’ve been using a lot of the same criteria for years and the results seem to be getting somewhat lackluster. While I think its very valuable in trading to stick with what works and not jump around trying to find new stuff all the time. I simply am consistently lacking in solid short setups. Maybe they just aren’t out there. But I think its a good time to do some experimenting.

I’ll probably start by opening an account with equityfeed.com, I’ve been talking about it for 3+ years, I think its time.

Full list from Yahoo Finance

PPHM

This was an “OK” short yesterday but nothing great, I never entered. It moved to slow to get me excited. Only concern is that it might morning panic without me today.

PPHM

RFIL

Some lame positive news, but I think this place just makes data and RF jumpers, pretty lame and boring industry.

RFIL