05/23 – Déja vú

I started my trading career with Tim Sykes and when my breakout strategy did not work for me anymore and when I was lost, I joined Investors Underground. The DVD’s that helped me the most were Tim Grittani’s Trading Tickers and Nate Michaud’s Tandem Trader.  Software that has helped many trader can be found here: Trade Ideas software.

Many tickers on my list today again: SESN TRXC GERN SHLD HEAR VSTM ARWL MDXG ARWR SMRT IPI (all short plays) and SNES ADOM for any breakout if support / VWAP holds.

It is not even 10AM and I am done for the day. Pre-market was a bit of a drag. Like, nothing was really moving. I have a big watch list right now and am following tickers, based on volume. I was looking at GERN at first, but squeezed so I got chickened out. I had DCAR open too and quickly made my decision. DCAR it is! Nate, from Investors Underground, once told me to check if pre-market levels hold. If they do, enter the trade. I was also quickly looking at TRXC and SMRT. Both had no PM activity nor interesting price action. I am sad to say that I am looking more at breakouts, rather then Parabolic shorts or any backside moves. Buying breakouts was my old strategy, learned from Tim Sykes. However, I am more experienced now and know I should buy either if PM levels hold or when VWAP holds. DCAR is setting up like an ABCD-er now as I type this now 10:10AM.

SNES – ADOM

These did not hold VWAP or anything at all at open. Was expecting a bit too much I guess. ADOM was a total crapper and is still crapping. Was hoping for some r/g action here, but never held 1.30. Could have shorted this when 1.30 failed. However, I do not like shorting stocks under 2 dollars. Not when they gave a history of squeezing shorts.

DCAR

My eyes, however, were on DCAR. Same game plan as SNES yesterday. Seems to work right now. Review price action at open, based on pre-market action. PLAN: if VWAP holds, buy in some and add at PM highs if holds. I did not play the full extend of the move. Sold like a little pussy at 1.95ish. Red hammer eventually, but this monster can drop like nothing matters anymore. So I am cautious and will take my cash quickly.

MDXG

Made a lot of money on this before. It is a total bagger and lagger and what ever you call a bad corrupt company. Plan, as always when this is in play, short into anything we can get our hands on. On one condition: VOLUME. my standards for an ideal trade were not met, thus an avoid.  Also seems to be squeezing right now.

AMD and CTL – Swing

I sometimes like to swing stocks too, like I did before on EBIO and I at the beginning of May. AMD is holding that crucial 12.00 level and seems to be chasing towards 13.30 resistance from early February, 2018. Loads of Bag holders at 14.90 area. So I would be careful and take my profits accordingly. CTL I would treat carefully. Seems to be in an uptrend, but is flagging right now. This ticker also has loads of room to drop towards 18.75. This will be a crucial level for me to check if trend holds or if I either cut my losses there or see if this can continue the uptrend.

  • kindly note here that this should not be treated as advice, trade advice or any of the sort. Always trade your own plan, cut losses quickly and never follow any alerts. Always do your own research!
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