HSTX

Bought 800 shares at $4.81
Sold at $5.34
Gain: $422

This is my first overnight play, up on earnings, I loaded some in the afternoon. Sold a little too early, but you gotta lock your gains in while there are some!

CNO

Bought 1500 shares at $2.10
Sold at $2.45 and $2.27
Gain: $390


Second overnight play. Nice gap up.
That's my revenge on the 350 loss that I took back in March.

CPSL

Sold short 900 shares at $2.71
Bought to cover at $2.48
Gain: $206


Last overnight play: a nice short of a perfect afternoon fade. Little gap up in the morning because of the overall market strength, but nothing to be scared about. My only regret is that I couldn't trade more than 900 shares.

Well, that's an amazing week for me. Up 2K in 4 days! Very nice! But I'm going to stop here for this week. I don't want to hold anything overnight this time because I have no idea on how the market wil react on tonight's news...
See you on monday!

FOE

Bought 1970 shares at $5.35
Sold at $5.49
Gain: $460

Not much to say here, I sold hald of my shares yesterday and the rest this morning, but at the same price!

FMCN

Bought 1000 shares at $7.44
Sold at $7.44
No gain

Here is a lesson on how to destroy a nice trade: I was holding this one overnight and bought a thousand shares yesterday evening, 5 minutes before the close. I had a nice $500 unrealized gain at the open, but got too greedy for more and finally sold at the exact same price I got in, for a miserable $0 profit!!!

BEE

Bought 750 shares at $1.47
Sold at $1.53
Gain: $45

Same as FMCN, $200 unrealized gain at the open! Shame on me!

Ok, I'm not going to complain about this too much because all these trades are bringing me close to a 8K capital. Which is great! Unfortunately, I already used my 3 day trades, and according to the 'Pattern Day Trader' rule, I will have to wait until next monday in order to day trade again. All I can do now, is buy in the close late afternoon, and sell in the morning hoping for gap-ups or downs. Let's try!

Hi! I'm back from my little break!
And what a great day for me! A nice $1200 profit!

PQ

Bought 3300 shares at $3.93
Sold at $4.09, $4.12 and $3.97
Gain: $414

I was thinking about buying this one for a scalp ahead of earnings, but only if it actually broke friday's highs. It did, I sold half and then got scared when it broke the $4 range an hour later. Should have held, because it spiked to $4.25 later in the day. But no regret since I used my gains for the next play:

COT (updated)

Bought 3100 shares at $4.12
Sold at $4.43 and 4.16
Gain: $701


Up like crazy on good earnings on friday (I missed it), it was consolidating in the morning, so I bought some and sold on the afternoon spike.

Small break

Here is a little update on my last trades. I didn't post much in the past few days because most of them were really boring... Which is quite frustrating because I decided to be patient with each play but they just didn't move much. Some are losses, some are gains. My capital is now at $6300. I'm not going to be home for the next days, so I closed all my trades. I will be continuing refreshed and full of cash on monday.

UFI: $101 gain
THC: $210 loss
COIN: $280 gain
RUTH: $35 gain
HSNI: $165 gain

RF

Bought 1.800 shares at $6.11
Sold at $6.49
Gain: $684

They anounced better than expected earnings yesterday and the stock was bouncing from its lows. That's why I decided to buy some on the break of the $6.10 resistance. I sold half of my shares half an hour later on the highs of the day, hoping to let the rest ride to $7... It didn't happen, so I hold them overnight but finally sold at the exact same price today, when it broke the $6.50 support... Conclusion: don't be too greedy, and take your gains when you have them! Don't let them turn into a loss!

KKD

Sold short 1.000 shares at $2.99
Bought to cover at $3.28
Loss: $291


I got squeezed on this one. I shorted it on the break of the $3 level after a nice fade, hoping for a sell of to the $2.50 level... But it went back up very fast and I have to admit I covered way too late. But I was still hoping for it to come back down. Didn't happen. It's now trying to break the $3.50 level, but volume is low and there is no strength. Potential short if it does'nt break this resistance!

Second month is over

Ok, there we are: it has been 2 months now since I first started this blog. Let's make a little conlcusion:

A month ago, I was down from $4900 to $3500. I did many mistakes but learned a lot about them. I thought about bringing in some more capital. In order to be able to trade with more money. I actually had a big issue with the wire transfert and the money never arrived.

This month, I'm up from $3500 to $6200. It's much better. But it still means that I'm up only $1300 over 2 months!!! And this is definately not going to replace a real job... for now. I have to say that I got more confident, my approach is much more technical, and I have had great success with that. The main issue right now is that I'm still playing with an account way too small. But since I'm still learning, I don't want to invest too much right now. I think and hope that the capital and my experience are going to grow together. There is no rush for now.

Of course, I'm still under the Pattern Day Trader rule and this is forbidding me to daytrade more than 3 times a week. Which is very hard to deal with. Anyway, I'm not going to change anything right now, I will give it another month, and hopefully bring this portfolio to 25K sooner or later.

Thanks for reading.
Unemployed Trader.