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

3 thoughts on “Watchlist 5-13-2014 – $PGFY, $DRL, $ISR, $NLS”

  1. I can’t believe how right you are nearly all the time … I would have made around 11% if I wouldn’t have problems with my broker … This would be a 60$ profit on my small 1000$ account (Yes, 50$ comissions, because I am from Europe … ).
    I really hope my broker will solve the problem soon so I will have real profits and not only this paper stuff ^^

    Thanks for the awesome work you are doing and PLEASE keep it on!

  2. Well, I just startet trading 5 weeks ago so I don’t know very much yet. But I really like to read the Tweets from Day Trade Alerts, Investors Live, Michael Goode, TheAnswerStocks, BuySellShort, Benzinga and of course you. Blogwise I only read yours and EmpireTrading. YaHoo Finance is also a good source and I read the earnings calendar every evening and than look at the price movement of every stock which seems to be a potential winner, because like I said my portfolio isnt’t big at all and I can’t afford small movements, because the comissions will eat me alive, like Tim Sykes said.

    But I don’t buy on recommendations of somebody on Twitter because you never know who they really are. Until now I only bought stocks based on News (8th May $HK earnings release +9%, 12th May $KNDI earnings release +10%, 12th May $WAVX partnership with WidePoint +6%). Not that many trades but a really nice gain so far. I didn’t expect that I will make profits right at the beginning, instead I thought I will go down like 30% or even lose it all … But I think if I only buy because of good News, follow my rules, read books you and others recommend and build my little Watchlist every day, it will be alright.

    I am courius when my first loss will be and I absolutely don’t know how I will react, because I never lost much money (I am 15 so actually I never had the opportunity to lose much). My dad told me he will kick my ass if I lose more than 500$, so I have a little motivation not to lose and do my best with my “research” and trading.

    I hope this wasn’t too much to read and my english wasn’t too bad ^^

    PS: I just saw you wanted to know wich ticker I was referring on so nearly everything I wrote was for nothing, but I will post it anyways ^^ I was refarring on $DRL and some I can’t remember any more, sorry.

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