Thursday, May 7, 2009

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!

Wednesday, May 6, 2009

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!

Monday, May 4, 2009


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.