Watchlist 5-13-2014 – $PGFY, $DRL, $ISR, $NLS

I’m intentionally scaling back my trading per my trading rules. I got in the mode recently of overtrading and while it was profitable, it was just barely profitable. When I get into the full on “hardcore day trader” mode I invariably enter too many bad setups and give back the profits on the good setups. Not sure why I forgot the rule of only taking 0-3 trades per day but I did….

Trading 10 times a day makes it hard to review trading logs too, plus its hard to make a recap video on tons of trades. I think its more informative and more profitable to just focus on 0-3 GOOD setups a day. And avoid the mediocre setups, less “hope and pray” too.

Today’s List: Full list from Yahoo Finance

DRL

Traded this yesterday and I’m currently holding a loser. Was to early on the short, should have waited for the big move in the afternoon, as opposed to trying to short the fade early on. I’ll be cutting this loose early unless it consistently fades away.

DRL

PGFY

I never shorted this last week because of the lack of borrows. Still no shares at $IBKR but I want to watch it, interesting story of resigning executives and potential investigations etc. I’ll also be ALFSS.

PGFY

ISR

I’ve made piddly profits on this here and there, but I gotta believe some day there will be a big crack. From what I can tell they just keep recycling the same news over and over and over again.

ISR

NLS

I would loooove to short the maker of that stupid ass bowflex… This looks to be ready to fade back, but it is a real company so that makes it a pretty mediocre setup.

NLS

Watchlist 5-6-2014 – $HDY, $PGFY, $WPRT

Kind of a rough day yesterday, kept trying to short $HDY and never once got the right entry. Nothing to brutal but a lot of death by a thousand cuts. I know better, need to really wait for it to fade, or wait till the next day. Even now it looks to maybe crack $4 pre market. $PGFY, I was very interested but $IBKR had no borrows. $WPRT, I shorted into the close, looked fadish. Though I don’t have to high of prospects, just looking for a quick small profit to start the day.

Today’s List: Full list from Yahoo Finance

HDY

HDY

PGFY

PGFY

WPRT

WPRT