1.310.36
100.06000.0
Total Profits:
$1,273.49
-$90 Loss
HOTRShort Stock
McDubbs

Went after HOTR which had been running up on positive news of acquiring BGR. Felt like there was a lot of resistance at 2.75ish from the 1 yr, 6 mo, and 1 mo charts and that it would come back down to 2.60ish range. Decided to short it but watch closely to see if it could run up. Felt like the risk was .10 to the reward of .20. Probably not good enough but did it anyway. Cut losses at 2.83... two minutes later stock plunged 0.17 and eventually went 0.32 lower an hour later. Oh well, rule#1

000

$660 Profit
AMRNShort Stock
McDubbs

1)Volatile stock - Yes. 2)Catalyst-market correction from last week's runup 3)Tradable-yes, @ IB. 4)Risk 0.10ish, reward 0.25 to 0.40 based last thur's chart. 5)Rewards vs. risk ok. Shorted 2000 shares on a very slight bounce after opening bell's drop. Had a pretty nice decline all morning, had to leave for an appt so happily took profits

000

-$50 Loss
STRLLong Stock
McDubbs

1)Volatile stock - Yes, but not moving as fast as yesterday - low volume. 2)Catalyst-sec filing with high revenue. 3)Tradeable-yes. 4)Risk 0.10 (to yesterday's support) reward unknown but could go for 0.50 with more volume like it did yesterday. 5)Rewards vs. risk good enough for me to enter - very speculative. Hoped STRL would run like AMRN did on its 2nd day but didn't get enough volume early in the day so I cut losses on a small bounce. Volume picked up later in the day but it was a bad play

000

$330 Profit
AMRNShort Stock
McDubbs

1)Volatile - Yes. 2)Catalyst-previous week had positive news, now might be overpriced and ready for mkt correction 3)Tradeable-yes, @ IB. 4)Risk 0.10 (3.18) reward 0.18 based friday's support at 2.90. 5)Rewards vs. risk not all that great, however I saw the stock having sideways price action with a triple top at 2.08. Decided to short a bigger position (for me) of 3000 shares and make .10 to .15 profit. Wasn't sure how fast the stock could move due to massive volume, took profits at 0.11/share

000

McDubbs

Entry comments: Bought based on daily % gainer and positive news (contract/merger winner). Price couldn't hold up on the day and came back down from my entry. Held for a better price as positive news continued to slowly roll out.

Exit comments: Held for a long time (almost 3 months...) - had some positive news that caused it to run up to 1.50ish range. Hasn't moved from there in about a week or so, majority of the market down today and am taking small profits just to get out of this position.

000

McDubbs

1)Volatile stock 2)Catalyst-positive news from med testing plus hyped up by analysts 3)Tradeable 4)Risk 0.10 tech analysis, reward 0.50+ based on speculation@52wk high. 5)Rewards vs risk good enough to take a 1000 share position. Did a lot of research last night and felt like it could run for another day. Some think it will go to $10+ eventually and felt like that hype would give it some more legs today. Watched all day, tested 3 but never broke, took profits-didn't want to hold for the weekend.

010

$350 Profit
RESNShort Stock
McDubbs

1)Volatile stock - Yes. 2)Catalyst-negative news x 2 plus coming off first big down day. 3)Tradeable-yes, IB had a few shares to short. 4)Risk 0.20, reward 0.80 based on tech analysis. 5)Rewards vs. risk good. Shorted 1000 shares. Planned to make $0.50ish/share then get out. Had to leave to help someone out so I covered and took profits. Stock declined past 9 but then rallied the rest of the day to finish at 10.60 -potential reshort later. Did a lot of research before entering in this stock.

000

McDubbs

1)Volatile stock - Yes. 2)Catalyst-earnings winner. 3)Tradeable-yes. 4)Risk 0.06, reward 0.22 based on tech analysis. 5)Rewards vs. risk good. Bought 2000 shares, held tell power hour. Planned to make .20 then get out. Set up automatic trades on IB but probably should have held longer as I could have made $700-800 total if I did.

1
100

$40 Profit
GENEShort Stock
McDubbs

1)Volatile stock - Yes. 2)Catalyst-negative earnings news. 3)Tradeable-yes, but not always on IB. 4)Risk 0.12, reward 0.50 based on tech analysis. 5)Rewards vs. risk ok. Tried to short 1000 shares, only got executed on 400. Planned to make .50 as the stock dropped then get out. Set up automatic trades on IB - didn't do it correctly and was executed early for only a 0.10/share profit. Turned out ok though because 30 min later I would have gotten executed at my stop loss for a -50 total trade.

000

McDubbs

1)Volatile stock - Yes. 2)Catalyst-positive news medical testing. 3)Tradeable-yes. 4)Risk 0.40, reward 1.60 based on tech analysis. 5)Rewards vs. risk ok, hot stock for past 3 days, not sure how high it could go. Planned for $441 profit, held longer just in case it went supernova. topped out at 4.90 twice and sold on the third bouce.

000

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Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.