Hello everyone,

 

watchlist is not recommnendation to buy, sell or short-sell any stock but it is just my personal opinion of certain stock for that day so please do your own due diligence.

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I didn`t made any watchlist in the last few days because i was dealing with other stuff. I am also going to make some changes in my account which i think it will improve my trading.

 

First thing is that i have withdrawal more than half of my account so from roughly 30k account i am now having 11k account which means i am going to be under PDT. Funny thing is that i think this will benefit my trading because i am going to be more disciplined and meticilous so i am only going to trade the best setups. 

 

I have an account at IB so my main account will be split into three different sub-accounts. I am eligible to transfer the funds between those three accounts whenever i want. What does this mean? It means i am going to have 2 accounts with 3k which i am going to use for day-trading setups. That means i will be able to make 6 day-trades in a period of 5 days which i think it is enough if i consider that I AM going to be more disciplined and focus only on the best setups. The third accont with 5k left i am going to use for swing-trading. 

 

Swing-trading is also one of the changes i am going to implement. I was testing the strategy on my demo account and so far it looks promising. I like the fact that i don`t need to focus so much on intraday moves but you have to look at the bigger picture together with several indicators. I have found out that this indicators help me also with day-trades from time to time so i really have a lot of confidence in this. I have been also mentioning several times in my previous watchlists that every second week i am working in the afternoon and since i live in Europe, that means i am working when the market in US is open so it is really hard to day-trade. Swing-trade strategy is perfect for me in the weeks when i am going to be working in the afternoon.

 

And a funny thing which has happened to me this week... Previous week i was still trading with 30k on my account and this week on monday i have withdrawal 19k out so i only left 11k in. And what has happened? Well IB checks the 5-day period and it checks it also for the past (last 5 trading days) and it seems that it doesn`t matter that i had 30k on my account when i was making several trades per day. All they see is that now i have 11k and in the last 5 days i have made about 12 trades,so i have surpased the maximum limit and IB has locked my account for 95 days... Totally crazy.. Of course i have contacted them and the problem was solved so my account will be unlocked this monday 10.12.2015 and i am going to be able to trade again. 

 

Because of everything i have mentioned above and because i am working in the afternoon this week i didn`t take time to make a watchlist everyday. I have rather spend my time studying the swing-trading strategy. 

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So here is the watchlist:

 

STOCKS I AM WATCHING:

• RJET - I said in my last watchlist on monday that this is a potential short for me but i think it will have another squeeze higher before the crash. Well it did go higher but much less than i think it would. Also the volume was not there. Yesterday we have finally got a morning panic we all have been waiting for and this might be a precursor to what is comming. It is a potential short for me with a risk of $6.50... What i don`t like about it is that it is choppy stock and beside the big spike few days ago this stock moves in a tight range boucning up and down so it is kind of boring stock. Anyways i am not even aloved to trade this week because of PDT so studying it is :)

 

• EVOK - Copy paste from monday watchlist -> "I would like to see that it could go a little higher in the next few days for potential short. This stock never hold it`s gains and to bad i have missed the initial runnup. Potential short in case it will go up more otherwise i am going to leave it alone because at this prices there is not enough downside for me" Sure enough stock has nicelly spiked above $4.00 and it has some big resistance @ $4.50... I think there is high chance of a double-top so this one is a potential short for me with the risk based on $4.50 area over/under. 

 

• PACB - Was a potential dip-buy for me but it has never reached my buy area around $5.20 - $5.30.. It was basing at a higher level until yesterday when it has finally squeezed higher. This stock has 15 million shorts in it so this is probably only a short squeeze. It has gotten ahead of it`s self and now it has multi-month and multi-year resitance around $8.50 area and what i would love to see is another morning spike today towards that area and if the price-action will be toppy i think this would be a really nice short for a pullback. Eventually we might see some fading price-action and a first red-day which can lead to second red-day. It is a potential short for me. 

 

• LINC - I am still watching for potential short. This stock has gone up 4 times in just a few days. It trades kind of funny and i main strategy would be to short it into a failed morning spike, aiming for a panic/pullback. This pattern repeats with this stocks. It has also put in a top around $1.10 area so this would be my guide for risk. Volume has also dried up and i would like to see another red-day today. 

 

• VVUS - Chart wise it is breaking out. I would like to see some Carl Icahn new to back this up. I am only interested to trade this one on the long side if the news will be positive. Otherwise it will go back from where it has came from. 

 

• CANF - Another one which i am looking for potential short. First i would like to see that it would go even higher and ideally would be a good short next week because i will be able to trade again :) Be careful shorting it to soon because this is a former runner. First big resistance is around $5.50 area. I have just checked yahoo.finance and saw that they are going to deliver 2 presentations on their cancer drug in a conference in Athens so no way i would have anykind of positions ahead of this because you never know how the stock will react to this. I would wait and see for the reaction. 

 

Everyone have a great day and stay safe!