Trades from Yesterday

$CHFS-I'm not entirely convinced what i did was wrong but i should of realized that fact that this stock simply wasn't getting enough exposure from the chat rooms even though this stock got 90X avg volume it had the indicators i loved; low float, FDA approval, Able to spike big in the past I"m not sure what was wrong with the play may there was bag holders selling in this spike after its huge one in the past. But I think the really big thing that i just disregarded one of the biggest indicator was that it had pretty decent resistance near .66 and you could see it from the pre market and I did and where did it top at today you ask? .64 right below resistance. Lessons from this trade- Recognize past term resistance on the chart and don't be buying when you know that this could easily lower the risk reward AND do not let ANY other traded convince you that a trade is a good idea and make you take a trade even experts.

$DPW-Saw this on the day on the big gainers was skeptical at first but as i saw the volume start getting to a good enough level it became a serious watch. They has some optimistic comments in their end of quarter investor update and they have had some good news lately and was up nearly 100% on the day and was definitely getting overextended I recognized that this would be shorted for sure as it had plenty of shares available to short. Nearly all of the other plays on the day were failing so i believed this should make people less long biased on this. After this stock first strong pullback from $1.05 to $0.85 i saw it had clear support in the level and was holding a took a dip buy on support hoping to see a bounce due to short covering i got out way before it was able to retest its highs at $1.05. I got an execution @0.8636 and exited @0.9275 as it looked like it may fail as it was pulling back a few cents looking weak. I feel i trade here correctly and it was a good trade overall.

Possible Trading Opportunities

$nxtd- Was looking to go for the 3rd green day but obviously if you know the third green day rule that was unlikely.Panicked down 60 cents a share within half an hour of the market open.Was a possible dip buy opportunity near $2.1 but only bounced 15c of it. Was up on pre sale of a new product just hyping themselves up know I've seen a pattern just like it before here's a comparison

The top one is $mosy and the bottom is $nxtd one is 3 min and 1 is 1 min thats why it looks a bit weird.

  

The Real opportunity was in the short but i could not find shares to short most of these i have had trouble finding shares to short of.

$mbrx-Was a no play Tim S was talking about it recently but this stock was red yesterday and meant it was probably the end of this no shares to short- no play.

$spex-Also coming into its third green day today also failed went red on the day I believe this panicked in after hours the day before it may have been pre market faded off today possible short but not my type of setup i like to short.

$bstg- Wouldn't trade this

$aveo-Possible dip buy @ 2 but i probably wouldn't buy as it has been pretty much green till then

$chfs-No other real trade setup

$skln-Was up 40% at the open no important news just a letter to stockholders summarising the new developments with the company. Didn't deserve to be up this much not too overextended though. Panicked down 15c at the open to $1.65 if someone could tell me what the name for this pattern is called i would be grateful

From my past experience with $skln i knew that this stock had the potential to be a big spiker but it also constantly would spike near the open and fail all the time the catalyst wasn't right nor the volume for this to go big therefore the opportunity was to short but i don't short stocks as they make new highs spiking congratulations to those who did make money shorting though.

$dpw- Not the greatest stock to be longing on the catalyst BUT buying the breakout at a dollar is a good trade and a trade i would take wouldn't of worked out but it was correct I would also consider shorting as it double topped and failed Those were good opportunities i missed.

$srsc-This one was also a big gainer on the day like $dpw but it unlike $dpw was not able to get as much volume and was quite choppy and i stayed away from this at first becuase it was much too choppy. There was though a good opportunity to but the breakout awhile later and it would of been a decent trade but i was not there and literally spiked on the delist news crazy.

$spi- Not the greatest catalyst but it is the right stock and was announcing the completion of a power system so still good enough to spike it was a nearly 100% winner on the day. Too choppy but would of been a good trade buying the breakout.

$rwlk- no play