Great trading day for me today! Started off with a nice $45 gain on RJET and then finished the day with a nice $100 profit on AXPW. I’m up roughly $145 today and $200 on my account since I started trading. I’m 3 for 3 but I’m staying patient and humbled. I know that 1 trade can erase all of that in the matter of seconds so make sure you’re staying 100% cash and wait for the right plays to come to you. Even though I made good money on my AXPW trade, I was scared shitless almost the whole time I was in it. The price action was crazy and was bouncing .10, .15, .20/share per second. I have yet to experience anything like that so I took my quarter per share on 400 shares and then sat on my hands the rest of the day. Some more good news today….I purchased Learn Level II and ShortStocking! I’ve been really hesitant to short stocks because I feel like I don’t have enough knowledge on this subject. Every DVD I’ve watched so far has made me substantially smarter and has really given me to knowledge to become as successful as I want to be as long as I stick to the rules. Here’s a recap of today’s watch list. Thanks for reading and never forget what time it is…

 

HebrewHammer

 

 

ACI – Man I did not expect this! Again, this is way too expensive for my small account. I’d still say this has got to be a good short, but my timing hasn’t been right at all on this. Good thing I haven’t been trading it!

 

MCUR – Yet another red day for this company. The volume has just not been there at all but it just keeps going down every day. I can definitely see it coming down another $1 or 2.

 

NUGN- Its been holding nicely in the $2/share range. This is still on my short watch list everyday. It’s only a matter of time before it’s at 0.  

 

FORD – I called this short perfectly. Unfortunately, I’m not 100% comfortable shorting stocks yet. Hence the reason I purchased ShortStocking today. Congrats who all profited from the .30+/share drop.

 

LOOK- I didn’t quite get the .25-.50/share drop like I predicted, however we did see a .10/share drop. Not bad. I can still see this dropping even more as this is a classic head a shoulders pattern from Tim’s DVD’s.  

 

CRK- This did crack below the 1.80 support for a fakeout/breakout. It did still finish red on the day but made a nice comeback throughout the day. Keep watching this as there is nice support around 1.80 and now even 3ish on the intraday. If it breaks out past 3.25, we could see it run.  

 

RJET – I had a nice little gain today on a dip buy. I was in at 3.20 and out at 3.35 share. There was a lot of early morning support at 3.20 so I bought and held for about 10 minutes before it started spiking and I missed the initial spike to 3.50. It started coming back down so I decided to lock in profits. It ended up spiking back to 3.45ish, but I wasn’t thinking about wasting another trade on this. Would have been a nice short after that second spike which failed to break the 3.50 resistance.