Friday, December 27, 2013

Trade of the day, FREE!!!

                  So I was only looking for FREE to close its' gap price from yesterday's close to catch a quick bounce, and it somewhat worked out decently. When long 2500 shares at 2.49 after a nice reversal hammer formed on the 5 minute chart. I was looking for a profit target of at least  .50 cents (hoping that it was going to bounce back to the low 3's), but unfortunately it didn't get that far, and I sold it at 2.74 when my trailing stop got hit. Still a nice profit though of $625. I'm most likely done posting trades on this blog for 2013, so have a great new year, and see you in 2014 with more of my "Trade of the day".
If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Friday, November 15, 2013

Trade of the day, SRPT!!!

                     My trade of the day is usually a daytrade, but today it was a swing trade from yesterday. SRPT had a somewhat high short interest after the huge 55% down gapper on Tuesday. When a hammer formed after Wednesday's close on the daily candlestick bar, I knew going long on Thursday's open will be the best opportunity for a nice bounce until at least Friday afternoon. Most shorts don't like to hold positions over the weekend especially after a nice gain from SRPT 55% down gapper. Decided to go long 500 shares of SRPT at 12.75 on Thursday right at the open, and sold it today right before the close today at 14.25 for a $750 profit. Have a great weekend everybody!

If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Monday, October 14, 2013

Trade of the day, CNDO!!!

So finally caught a decent bounce outta the gates this morning with a huge down gapper CNDO. Went long 3000 shares of CNDO at 1.80, and sold it at 2.05 for a $750 profit in 15 minutes.
If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Wednesday, October 9, 2013

Trade of the day, ARIA!!!

I knew this stock ARIA was going to bounce when it came outta the gates this morning. Went long 1000 shares at pre-market at 5.95 hoping for a nice quick bounce during the open, but  it just started to collapse even more. Decided to double down on another 1000 shares at 5.02, giving me an average buy price of 5.485 holding 2000 shares. I was so confident that the 5 dollar a share price was a good support level. After that price quickly broke through the 5 dollar support, I decided to sell all my shares but ended up getting stuck into the trade when it first got halted. When it re-opened I finally was able to sell my shares for a $1,085 loss. I was trying to catch a falling knife and got really cut up. But the worst part of this trade was watching it bounce for the rest of the day.
If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Sunday, September 22, 2013

Trade of the day, RNA!!!

RNA was a gift on Friday morning for those traders who played the gap down. Twitter, Stocktwits, and other trading message boards were going crazy about buying RNA on the open for a quick bounce. I decided to follow the crowd on this one and went long 500 shares of RNA at the open at got filled at 5.90. Also I went ahead and placed a stop at 4.98 because I saw a huge 100,000 shares bid on my level 2 screen. Didn't know if it was a real or fake bid, but gave myself a .02 room just incase it started to fall any farther than that (5.00). Anyways, sold RNA at 7.23 for a $665 profit when it seemed that the short term opening bounce was done. Not bad for 30 minutes of work :-) .
If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Thursday, September 19, 2013

Trade of the day, FLTX!!!

So I saw FLTX falling apart during the late afternoon. I was waiting patiently for some type of reversal signal, and low and behold it starting forming around 2:45p.m est. After that (pic below) dragonfly doji formed I knew buying on the next candle was going to give me a short-term bounce. Went long 300 shares of FLTX at 37.70, and sold it at 39.40 for a $510 profit in about 15 minutes. That type of trade setup with collapsing prices and then a dragonfly doji forming after a long decline are my favorite trading strategies/setups.

If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Saturday, August 31, 2013

I'm back from my summer hiatus!

Hello followers,
              I'am back to trading for the 2013-2014 season. I won't be posting too many blog post as I did with the 2012-2013 season, but I'll best posting my best day-trades of that day. Hope everybody had a great summer, and let's get back to making money in this game we call 'trading'.
And always: If you want see what I might be trading during market hours and interact with me during my trading day, just follow me on Stocktwits or Twitter @TraderMike9. Thanks!