Today’s Plan:
Very boring day yesterday, there were trades to be made but all the stocks I was watching were not worth a shit. Then I had a ton of distractions in the afternoon which ended up getting me “stuck” in a bunch of crappy overnight positions. Something I need to work on, at least I recognize it when I do it though. When I get a bunch of phone calls and commitments to do other things, instead of just gutting all my positions I will “let them work” while I do other things. That shit never works, you come back an hour later upside down, then add more patience. In a foolish way.
So I’m in 3 stocks, 2 of them are green but barely. Had I been quicker in the morning and not distracted I could have been in cash in the afternoon and went and done other things. Patience in trading is truly a double edged sword.
Today’s List: Full list from Yahoo Finance
AirMedia Group Inc. (AMCN) -NasdaqGS
Waited for entry at $4.70, probably should have covered early in the day. As mentioned above decided to watch paint dry all day and hold overnight.
Target: I will add under $4 and try and ride this all day. Otherwise I’ll cover at flat.
China Gerui Advanced Materials Group Ltd. (CHOP) -NasdaqGS
Again, waited for entry at $4.30, got the fill I wanted, but this seems to want to base at $4. I waited for that crack, it never came, probably should have covered.
Target: Add under $4, stop at flat, $4.30’s
Advaxis, Inc. (ADXS) -NasdaqCM
This is the primary reason for my frustration in the daily notes above, had a 50 cent drop and for some stupid reason did not cover. Then got distracted and was upside down. Decided to “hope” it would come back, annoying and frustrating.
Target: Add at $19.50, cover at $20.20
Nymox Pharmaceutical Corporation (NYMX) -NasdaqCM
I’ll only enter this if it comes to me, otherwise ignore.
Target: starter at $2.
Biocept, Inc. (BIOC) -NasdaqCM
Same as NYMX, only trade if it comes to me, I won’t get suckered into a bad entry.
Target: Starter at $4.
Voltari Corporation (VLTC) -NasdaqCM
This is just a watch, doubt I will trade it, probably should not put it on the list. But I can’t help myself.
Target: $11??
