It's really a busy month for me but luckily I will have time this week, and after the 16th of September I'll have way more free time to trade which is great.

I might only be in front of the markets on Monday and Friday, I could potentially trade from work but it's from a mobile app which is well, I'm not sure how confident I am using that.. better not trade than lose. Unless there is like a real easy pattern where the you only trade the chart like over extended gap down or some obvious stuff like that.

 

$HTGM

 

As you can see, this piece of crap low-float has run 500% ish in 2 days, it's a lot float of roughly 5 million shares but ever since that bag holders were slowly selling off, and when ever it perked up it just crashed the next day, this stock is so chaotic it destroyed so many people I feel bad for them really, just look at the "crow" pattern after it reached 13$ from 2$.. (crow means it's like a crow slowly taking pieces of your account lol)

 

This is what happened on Friday:

From it's lows to it's highs it's an increase of nearly 34%, roughly 30% from it's open

however it had a -14.22% retracement from it's high 2.25 to it's close 1.93 and held nicely all day.

 

So in my opinion, based on the big picture (daily chart) this will close lower than whatever the high will be on Monday, but based on the small picture and low float I think this might have a morning spike because the stock didn't completely crash today.

Again, based on the big picture this isn't very likely to run and close strong on Monday, but the pattern (where it's up a lot from open then closes 10% lower than it's highs) these usually repeat the same day (statistics based on memory and documenting on spreadsheets) 

So if this gaps down I might not short this even though big picture is negative, it closed well on Friday. If it has a spike I might look to short a lower high, but honestly I am also afraid of buying pre-market in anticipation of a spike. If I won't trade this it will be fine, I am just gathering statistics and I will have a better analytics to decide future plans.

 

$NVCN

 

Before it had that massive crash in mid April 2016, there is a clear down trend which in my opinion indicates a bad company (or just rough times)

Now this is a company that is located in Vancouver, I remember in one of Tim's video lesson that Vancouver is shit and is known for frauds on the stock markets, in fact I am not sure if this story is true but Vancouver once had it's own stock exchange but it was shut down because to much fraud.

-!-I am not implying this is a fraud (all though the stock says it's not in a very good situation)

Honestly I am to lazy to see why this crap crashed so much on April 2016 but I believe it's related to bad earnings from April 2016 (6-K Filling)

At the time they had a deficit of 126 million and nothing but bad numbers

So whatever, I am to lazy to do research, float of 44 million shares, not super low but below 50 is good, considering it had 5 million on Friday and literally 83% increase from the low 0.73 to the high 1.32.

 

Again, very similar to $HTGM where it had a morning spike and closed -14.39% lower from it's highs of 1.32. Again, based on memory and statistics this pattern usually continues to spike the next trading day. But funny enough, like $HTGM the big picture (daily chart) is absolute horse-crap, where it had a huge run up and ever since then had a crow chipping away accounts slowly.

 

So again like $HTGM (I start to like saying this) I will look to short a lower high if this spikes, I won't buy in anticipation of a spike pre-market based on the big picture, and I will be careful with these plays since they are low float.

 

Now unfortunately I have a feeling SureTrader won't have shares to short so I will have to request a locate which costs 25$ with commissions for a trade round trip I will need to earn at least 35$ just to break even - in the case I am wrong I might lose 60$ after commissions and locate which is way to much I want to lose, as you can see I am not the most profitable trader, I also made myself strict rules (which you can read here) I must follow, they prohibit me from taking big risk meaning not good reward.

 

I am not on the path for profitability right now but consistency - I might not even trade these at all, even if they do EXACTLY what I think they will do.

 

But again, remember pre-market action is a huge variable so everything in this watchlist might be irrelevant by tomorrow because pre-market might dictate something different.