tag:blogger.com,1999:blog-38130065604285757432024-02-07T08:29:13.714-05:00TRADER 9Trying to profit on the falling knives (oversold stocks & huge pullbacks).TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.comBlogger93125tag:blogger.com,1999:blog-3813006560428575743.post-64544221204678831662014-12-31T20:07:00.003-05:002014-12-31T20:07:58.940-05:00Happy New Year!!!<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: x-large;">No good Bounce trades for the Month of December!!!</span></div>
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<span style="font-size: x-large;">See you next Year!!!</span></div>
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TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-34058904006136456822014-11-12T07:39:00.000-05:002014-11-12T07:39:45.270-05:00Trade of the day, HEAR!!!<div dir="ltr" style="text-align: left;" trbidi="on">
What an almost perfect bounce play trade on HEAR. Went long 1000 shares at 3.20, and sold it 2 hours later at 4.10 for a <span style="color: lime;"><b>$900</b></span> profit. I wish trades like these would appear every morning.<br />
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<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-7707776418282511342014-11-04T05:58:00.001-05:002014-11-04T05:58:38.151-05:00Trade of the day, NYMX!!!<div dir="ltr" style="text-align: left;" trbidi="on">
Caught the bounce on NYMX today when it opened down at a crazy level because their Phase 3 study failed. Went long 3000 shares at .65, pretty much right at the open. I placed my stop right at .64 and decided just to ride this stock out till the end of the day, or until it gets to one dollar a share. Most stocks that collapse to way under a dollar a share after trading above $5 or more the perivious trading day rarely get over back over a dollar when they bounce, so decided to sell at .97 for a nice <b><span style="color: lime;">$960</span></b> profit today.<br />
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<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px; text-align: left;">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!</span></div>
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TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-17940869315712147952014-10-30T09:29:00.000-04:002014-11-12T07:40:19.805-05:00Trade of the day, ARCP!!!<div dir="ltr" style="text-align: left;" trbidi="on">
So I saw a perfect bounce play forming mid-day on ARCP when it formed a spinning top with higher volume after a gap down on the open.Went long just 500 shares at 7.90, and sold it at 8.74 for a quick profit of <span style="color: lime;"><b>$490</b></span> in less than 45 minutes.<br />
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<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-63354727048413430712014-10-28T01:13:00.001-04:002014-10-28T11:34:08.274-04:00Trade of the day, PTIE!!!<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: black; font-family: Arial, sans-serif; font-size: 13px;"><span style="color: #cccccc; font-weight: normal;">I'm back from another hiatus on this blog. I'll try and keep up with posting as much daytrades as possible on here. Anyways, executed a great trade this morning on PTIE. Went long only 900 shares at 1.67 hoping for a nice bounce. Trade went according to plan, and sold it at 2.10 for a quick </span><span style="color: lime;"><i>$387</i></span><span style="color: #cccccc; font-weight: normal;"> gain.</span></span></h3>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij_t5_vQTW1U8Njtghnek9tsGE8S68We8-JV1_KTASqoRW7bhwcNyRoUg_bTbVqO6mYMkDQ1NCpmWAdk2fw-yPNl7OCRdICD3Qszhy124R2Ox701gimJbXiPDueYEA_QlM8jER2ki08FUg/s1600/PTIE.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEij_t5_vQTW1U8Njtghnek9tsGE8S68We8-JV1_KTASqoRW7bhwcNyRoUg_bTbVqO6mYMkDQ1NCpmWAdk2fw-yPNl7OCRdICD3Qszhy124R2Ox701gimJbXiPDueYEA_QlM8jER2ki08FUg/s1600/PTIE.jpg" height="387" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-40590198861587963102013-12-27T16:40:00.000-05:002013-12-27T16:40:14.174-05:00Trade of the day, FREE!!!<div dir="ltr" style="text-align: left;" trbidi="on">
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 <b style="color: lime;">$625</b>. 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".<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiizbXdm6HjoWk_FGXH5K-U0sWweyS5WOMJdsQt5UeDkrCekLXaBQFQhNTtRHoytSgHGgDW9jgBWM4eMEW4YV-oFWthR7VFeoONGpF50x8efwYGiNihyEb2itoRAcXDrWH3-rYpDmaUT_6N/s1600/FREE.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiizbXdm6HjoWk_FGXH5K-U0sWweyS5WOMJdsQt5UeDkrCekLXaBQFQhNTtRHoytSgHGgDW9jgBWM4eMEW4YV-oFWthR7VFeoONGpF50x8efwYGiNihyEb2itoRAcXDrWH3-rYpDmaUT_6N/s640/FREE.png" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-3566663394414495022013-11-15T17:03:00.000-05:002013-11-15T17:03:02.999-05:00Trade of the day, SRPT!!!<div dir="ltr" style="text-align: left;" trbidi="on">
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 <span style="color: lime;"><b>$750</b></span> profit. Have a great weekend everybody!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH9qsa6-aVMWOcW5-4KaHBQI7J_1CK_5ikaJFPIqcouQDAtp3biCjqbMqL9Y_lKefJUMMnZAbDqppduJdp9zRvJUoFgrWpszGtaH8zIveAXl_MsW0DOghYa75K-btc0jZptD6o69SSGUME/s1600/SRPT.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhH9qsa6-aVMWOcW5-4KaHBQI7J_1CK_5ikaJFPIqcouQDAtp3biCjqbMqL9Y_lKefJUMMnZAbDqppduJdp9zRvJUoFgrWpszGtaH8zIveAXl_MsW0DOghYa75K-btc0jZptD6o69SSGUME/s640/SRPT.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-57212791780775116742013-10-14T17:24:00.000-04:002013-10-14T17:25:53.222-04:00Trade of the day, CNDO!!!<div dir="ltr" style="text-align: left;" trbidi="on">
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 <b><span style="color: lime;">$750</span></b> profit in 15 minutes.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0zBeHbBr-M9NzgGlnjv5KY-QiC8st7Ej8u_zBClHSo7bqZPe7gGesRXbKrES0fhzmQuDForBcW2L1sJ8ADAPvT5YqazMHqM_ZTzDdwu3HPWUocm2zrlsL6pO6KLKq-tnWCAKvujzH9jeA/s1600/CNDO.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0zBeHbBr-M9NzgGlnjv5KY-QiC8st7Ej8u_zBClHSo7bqZPe7gGesRXbKrES0fhzmQuDForBcW2L1sJ8ADAPvT5YqazMHqM_ZTzDdwu3HPWUocm2zrlsL6pO6KLKq-tnWCAKvujzH9jeA/s640/CNDO.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-52583384898766053262013-10-09T18:50:00.001-04:002013-10-09T18:52:56.573-04:00Trade of the day, ARIA!!!<div dir="ltr" style="text-align: left;" trbidi="on">
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 <b><span style="color: red;">$1,085</span></b> 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.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiG32g3oUyCir5F1piA7gOXhueHoswZS-wZFOgMPiWZzbjjJAXhX8fS2ezrnMQm_mPm25RiQtQPu0ESQCj12q1aug9EG10-xgrEQWtd2Xs2XargZGiMYzSh_bSEYMGRxQFxJcF4KjQPbYu2/s1600/ARIA.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiG32g3oUyCir5F1piA7gOXhueHoswZS-wZFOgMPiWZzbjjJAXhX8fS2ezrnMQm_mPm25RiQtQPu0ESQCj12q1aug9EG10-xgrEQWtd2Xs2XargZGiMYzSh_bSEYMGRxQFxJcF4KjQPbYu2/s640/ARIA.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-31250160790403885432013-09-22T05:31:00.001-04:002013-09-22T05:31:35.760-04:00Trade of the day, RNA!!!<div dir="ltr" style="text-align: left;" trbidi="on">
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 <b><span style="color: lime;">$665</span></b> profit when it seemed that the short term opening bounce was done. Not bad for 30 minutes of work :-) .<br />
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<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-22572726543385009312013-09-19T17:42:00.000-04:002013-09-19T17:42:21.094-04:00Trade of the day, FLTX!!!<div dir="ltr" style="text-align: left;" trbidi="on">
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 <span style="color: lime;"><b>$510</b></span> 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.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6fmN0VUlaxnW3yPxVFuq8UqcN27SUXRyeMa4l0dzUprwSevdQ6Ubm4gMj2SIaQJRwaRSjrBmTQI91BEqTwiDx_jDkhJRpEgWsMQdaWIzvJilQY8bXSqzXsLXdkggqA69toNc6DIbiIixu/s1600/FLTX.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6fmN0VUlaxnW3yPxVFuq8UqcN27SUXRyeMa4l0dzUprwSevdQ6Ubm4gMj2SIaQJRwaRSjrBmTQI91BEqTwiDx_jDkhJRpEgWsMQdaWIzvJilQY8bXSqzXsLXdkggqA69toNc6DIbiIixu/s640/FLTX.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-7832444385994337072013-08-31T15:12:00.003-04:002013-08-31T15:12:39.231-04:00I'm back from my summer hiatus!<div dir="ltr" style="text-align: left;" trbidi="on">
Hello followers,<br />
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'.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihZKtzKba-IGo_er6HfUspW76eJecm-hdEa1HWIsvYNbjuvAdoFthwMjf2Lsj7r-cKFxreoogb6x_F6x_jrATPoXjsUIEjao267HMRM5SmAylBheC0UJC59yVv1Wxg2GN4lt1DlYC3LMzA/s1600/Day-Trading.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="425" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihZKtzKba-IGo_er6HfUspW76eJecm-hdEa1HWIsvYNbjuvAdoFthwMjf2Lsj7r-cKFxreoogb6x_F6x_jrATPoXjsUIEjao267HMRM5SmAylBheC0UJC59yVv1Wxg2GN4lt1DlYC3LMzA/s640/Day-Trading.jpg" width="640" /></a></div>
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!</div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-69273163496854773412013-04-30T17:57:00.000-04:002013-04-30T17:57:15.209-04:00Trade of the day, PBI!!!<div dir="ltr" style="text-align: left;" trbidi="on">
Sorry I haven't posted any types of day trades lately, but I don't usually daytrade in the spring and summer months. Anyways, I did make a couple of daytrades today with AVEO and PBI. The trade of the day though is going to be on PBI, it formed a beautiful candlestick hammer reversal formation. Went long twice on PBI, but finally nailed it on my second trade. Went long 1000 shares on the second round trip trade at 13.25 and sold it at 13.95 for a <b><span style="color: lime;">$700</span></b> profit, but lost <b style="color: red;">$230 </b>on my first trade (13.68 long: 13.45 stop-out). I'll be posting more trades when I'am able to daytrade in the morning. Now I'am only swing and position trading, but unfortunately I don't post those types of trade.<br />
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TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-50976585504897729022013-03-05T08:19:00.000-05:002013-03-05T08:19:29.259-05:00Trading quotes for February 2013<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="background-color: white; color: #333333; font-family: Algerian; font-size: 14pt; line-height: 115%;"><b>Trading
quotes for February 2013</b></span></div>
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<span style="background-color: black; background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;"><span style="color: yellow;">Trading quote for 2/1/13: “The<a href="" name="_GoBack"></a>
harder you force trades, the more likely you’ll lose on those trades.”<o:p></o:p></span></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote for 2/4/13: "Never fall in
love with a stock or bond. If the instrument goes against you, you'll be blind
to it."</span><o:p></o:p></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote for 2/5/13: "Your
'hardest' work should be done while the market is closed."</span><o:p></o:p></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote for 2/6/13: "You must
exercise patience when your trade or investment is working for you and not take
that profit too soon."</span><o:p></o:p></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote 2/7/13: "If you do not
know your capabilities and do not know the market you are involved in, you will
be a consistent loser."</span><o:p></o:p></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote for 2/11/13: "Once you
have established your plan of attack, do not hesitate to execute the trade."</span><o:p></o:p></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote for 2/12/13: "Most
candlestick patterns (hammer, doji, shooting star, and etc...) don't mean
anything WITHOUT follow thru."</span><o:p></o:p></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote for 2/13/13: "Always
develop your trading/investing plan of action on the basis of an event or lack
of an event."</span><o:p></o:p></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote for 2/22/13: "Boredom
trades costs add up. Be aware of when you are simply bored and looking to trade
something."</span><o:p></o:p></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote for 2/25/13: "Again, never
let your greed get the better of your judgement."</span><o:p></o:p></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote for 2/26/13: "You should
learn to expect the unexpected in any trade or investment."</span><o:p></o:p></span></div>
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<span style="background-color: black; color: yellow;"><span style="background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;">Trading quote for 2/27/13: "It's not about
being 'bullish' or 'bearish', it's about being RIGHT."</span><o:p></o:p></span></div>
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<span style="background-color: black; background-position: initial initial; background-repeat: initial initial; font-family: Arial, sans-serif; font-size: 10pt;"><span style="color: yellow;">Trading quote for 2/28/13: "Once you
have made your assessment and developed a trading plan, execute your trades. Do
not hesitate!"</span></span><span style="font-size: 10.0pt;"><o:p></o:p></span></div>
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TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com2tag:blogger.com,1999:blog-3813006560428575743.post-16451393657791375742013-02-27T17:30:00.001-05:002013-02-27T17:30:38.899-05:00Trade of the day, AH!!!<div dir="ltr" style="text-align: left;" trbidi="on">
So went long 1000 shares of AH at 8.95, after I couldn't find an entry signal when trying to catch the bottom 15 minutes after it opened. I finally did decide to try and take the temporary break-out around 9 dollars a share. Right after I got in, I could have sold it 5 minutes later and just taken a $500 profit when it jumped quickly to 9.50 in less than 5 minutes, but got greedy instead and waited about 2 minutes before the market closed and sold it at 9.58 for a .63 point gain.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_5KZPLNM6Ot9M5R6P0IUs9FhnOSA2wkSyY-taYYSlDB-ni3C8CXNNbNuAJDrcXkTNtQCCRU0ggtul7Rsx3aZfs1eWXwO1OzSFqdvMY1OaPLKPjlnINMWOBHedWIFWtJFODh-LfPi4IalE/s1600/AH.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_5KZPLNM6Ot9M5R6P0IUs9FhnOSA2wkSyY-taYYSlDB-ni3C8CXNNbNuAJDrcXkTNtQCCRU0ggtul7Rsx3aZfs1eWXwO1OzSFqdvMY1OaPLKPjlnINMWOBHedWIFWtJFODh-LfPi4IalE/s640/AH.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-1115520830837626152013-02-25T17:02:00.002-05:002013-02-25T17:02:17.334-05:00Trade of the day, UVXY!!!<div dir="ltr" style="text-align: left;" trbidi="on">
WOW! I can't believe I sold UVXY during the middle of the day, and left over $2000 on the table. Damn you Italy! Anyways, if you have been keeping up with my blog posts (on UVXY), you should know that I've been playing ever gap down on UVXY at the open for the past month, trying to catch that dead cat bounce. Went long again a 1000 shares today and got filled this morning at 9.25. After it hit a strong resistance level around 10.50 around noon, I sold it at 10.398 for a 1.148 point gain. I've noticed recently late in the day, UVXY tends to retrace back down after a nice bounce, so that's why I decided to take my profits and sell it around noon. As you can see though, it was the wrong decision, and I ended up leaving a pile of money on the table. Siiiiiiiiigh!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgF4U4du4hPu4eVTONP17vKrQAKYbiKtv3osxIn4cGHnths2DYBvE3L2FFMpvrsIZMhbVw939kKT0vHszfAdlmYYMHL292v7338voJTNsFn9n-fapzZLnbSnTjLHgCgSPKTEQrZy7OISNTu/s1600/UVXY.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgF4U4du4hPu4eVTONP17vKrQAKYbiKtv3osxIn4cGHnths2DYBvE3L2FFMpvrsIZMhbVw939kKT0vHszfAdlmYYMHL292v7338voJTNsFn9n-fapzZLnbSnTjLHgCgSPKTEQrZy7OISNTu/s640/UVXY.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com2tag:blogger.com,1999:blog-3813006560428575743.post-17902827092268227642013-02-22T16:52:00.000-05:002013-02-22T16:52:54.474-05:00Trade of the day, MMSI!!!<div dir="ltr" style="text-align: left;" trbidi="on">
Took a huge gamble today on MMSI when I placed my stop at 9.97, after going long 1000 shares at 10.50. It had a very strong support level around the low 10's. It formed a nice candlestick hammer bar about 10 minutes into its' trading and bounced off that key support level, so I knew it had a great probability of retracing back up today. Sold it at 11.49 about 15 minutes before the close, for a .99 point gain. Have a great weekend!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF1FVAVZVW1E5pczofX76Al-FMiGn-lwOnz55ds7_wNInKmfmh5Ok5iEmvoWyk-eyV_zkplZHGD74rDcM7Vzff3Rmr1gJkQbpeQhTnd5V1zmnO5BCLSdyV07-3d1y0kTUnSaczt-OEHaCv/s1600/MMSI.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhF1FVAVZVW1E5pczofX76Al-FMiGn-lwOnz55ds7_wNInKmfmh5Ok5iEmvoWyk-eyV_zkplZHGD74rDcM7Vzff3Rmr1gJkQbpeQhTnd5V1zmnO5BCLSdyV07-3d1y0kTUnSaczt-OEHaCv/s640/MMSI.jpg" width="640" /></a></div>
<span id="goog_1718389843"></span><span id="goog_1718389844"></span><span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-61381287138270378042013-02-13T17:39:00.001-05:002013-02-13T17:39:05.194-05:00Trade of the day, NTGR!!!<div dir="ltr" style="text-align: left;" trbidi="on">
Another day (see yesterday's blog post) giving away my profits on one good trade, to other bad trades. Anyways, went long 400 shares of NTGR at 32.25, and placed my stop at 31.97. Sold it at 34.15 after my initial profit target of 34 was clearly reach. A nice 1.90 point gain.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfAR2s27OWr5lZosCKl1ZZrme2WwobwBxvGx40WE9FQe7iS8FPhP8PnFYUJGRp-wyDhDcZ9CBK36CSX69mNAGn_azXuxUPquLscnusdLMrhtsCKjyAxtx0mNeV_XtmLs-POPRTN370vhrk/s1600/NTGR.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfAR2s27OWr5lZosCKl1ZZrme2WwobwBxvGx40WE9FQe7iS8FPhP8PnFYUJGRp-wyDhDcZ9CBK36CSX69mNAGn_azXuxUPquLscnusdLMrhtsCKjyAxtx0mNeV_XtmLs-POPRTN370vhrk/s640/NTGR.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span><br />
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">Also to all my followers, I'am done trading for the week and taking a long extended President's Day weekend.</span><br />
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TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-17114235144482822352013-02-12T16:53:00.000-05:002013-02-12T16:53:07.122-05:00Trade of the day, NOG!!!<div dir="ltr" style="text-align: left;" trbidi="on">
Caught some of the fear selling and bought NOG after the candlestick hammer formed on the 5-minute chart. Went long 500 shares at 14.61 hoping for some short covering after the huge gap down. I wish I would've bought more shares, but all my capital were tied up with other stocks I was long this morning in. Anyways, ended up selling NOG about 30 minutes before the close at 15.37 for a .76 point gain. The day didn't really go all that well with me because I had 3 losers which canceled-out all my profits I had got with NOG.<br />
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<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span><br />
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TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-11656025265498774112013-02-11T17:38:00.001-05:002013-02-11T17:38:34.158-05:00Trade of the day, CLSN!!!<div dir="ltr" style="text-align: left;" trbidi="on">
So tried to catch some of the dead cat bounce action today on CLSN, but got stopped-out after I moved my stop to break-even. It felt like the market makers saw my stop, and decided they were going to take me out because the stock ended up rallying nicely after I got hit. Anyways, went long 3000 shares at 1.40 and got stopped-out at 1.40 for break-even.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqdAWh0c4BfHow666WrdyqUTx7bCnUTExR4dcH__cFhh9HlKDw4jviCp5ZeWLOeEUgWpgAZwVVnzIVg6ye34iRW-Esr4Dnp2Es_McqiNJrFE4zWxwrW3qQ83e0vzsOT5Sub3Sn7my90ofz/s1600/CLSN+3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiqdAWh0c4BfHow666WrdyqUTx7bCnUTExR4dcH__cFhh9HlKDw4jviCp5ZeWLOeEUgWpgAZwVVnzIVg6ye34iRW-Esr4Dnp2Es_McqiNJrFE4zWxwrW3qQ83e0vzsOT5Sub3Sn7my90ofz/s640/CLSN+3.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-21151909859432385522013-02-07T17:51:00.000-05:002013-02-07T17:51:04.151-05:00Trade of the day, AKAM!!!<div dir="ltr" style="text-align: left;" trbidi="on">
Made only one round trip trade today with AKAM, and came out with a small profit. Went long 300 shares at 33.90, and placed stop at 33.49 hoping for at least a small bounce. It then started to consolidate for a bit, and I just tired of holding it, so decided to sell at 34.95 for a 1.05 point gain.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKjW6dnd7JK8i9w5TlZa4dugJ4IGo1uKwiHfRkNwh5Rcv10Ds58XF1sV9m3Q_GhtPPhHoHrEZfxaxcHLLYFIfpOSt9lthLEy0ggWnbwltMJyIk06oqfEKlUjaLrcGMYkOJdnZgNNGAho7o/s1600/AKAM.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKjW6dnd7JK8i9w5TlZa4dugJ4IGo1uKwiHfRkNwh5Rcv10Ds58XF1sV9m3Q_GhtPPhHoHrEZfxaxcHLLYFIfpOSt9lthLEy0ggWnbwltMJyIk06oqfEKlUjaLrcGMYkOJdnZgNNGAho7o/s640/AKAM.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-29072069240517761042013-02-06T16:31:00.001-05:002013-02-06T16:31:28.674-05:00Trade of the day, GPOR!!!<div dir="ltr" style="text-align: left;" trbidi="on">
Caught an easy fear selling on GPOR this morning. Went long 300 shares at 38.25 after the candlestick hammer bar formed on the 5-minute bar chart. Placed a stop at 37.49, and was looking for a profit target of at least 40.95. But after GPOR broke through 40 dollars a share, I just decided to sell it, and take my profits now instead of hoping for it to hit around 40.95. So for that, I sold GPOR on the next 5 minute bar at 40.40 a share for a 2.15 point profit.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi04GWJ0L9v0u0bnuy-hcSKU-QESPf_LQvASF-zNreDnKAKv0mPYOYgbUb3-bkMTfYJboE_XoC-IdwgCbL2kpZq1DsKyNSLCRq_YKtp2Q-hvZRq5GQyBLTX2Iixp9YaFRNSqUuJ9doZvNxf/s1600/GPOR.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi04GWJ0L9v0u0bnuy-hcSKU-QESPf_LQvASF-zNreDnKAKv0mPYOYgbUb3-bkMTfYJboE_XoC-IdwgCbL2kpZq1DsKyNSLCRq_YKtp2Q-hvZRq5GQyBLTX2Iixp9YaFRNSqUuJ9doZvNxf/s640/GPOR.png" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span><br />
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TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-55650806215849942912013-02-05T16:29:00.002-05:002013-02-05T16:29:46.774-05:00Trade of the day, KERX!!!<div dir="ltr" style="text-align: left;" trbidi="on">
Caught a bit of a small bounce on KERX today when I went long this morning 1000 shares at 6.71, and placed stop at 6.49. My risk to reward ratio was horrible on this trade, but I had a strong feeling it wasn't going to turn down today because of the overall market rally. Finally, sold it about 10 minutes before the market closed at 7.20 for a .49 point gain.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpqERP2fgy2x-hD6l1pTVR_HRWMPgGzLbH21u4D7oyhIQCZL9ONDHjr2zUAdc4HYQp0mu_iRe_2mGcmoBqs0r0ki5v3l_5l3ciqDz3zR84qdrerX0FuR1nzgJ1Q6p5YILtcI_gM_Uj6IZa/s1600/KERX.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgpqERP2fgy2x-hD6l1pTVR_HRWMPgGzLbH21u4D7oyhIQCZL9ONDHjr2zUAdc4HYQp0mu_iRe_2mGcmoBqs0r0ki5v3l_5l3ciqDz3zR84qdrerX0FuR1nzgJ1Q6p5YILtcI_gM_Uj6IZa/s640/KERX.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-66615882076293790562013-02-04T17:10:00.000-05:002013-02-04T17:10:24.184-05:00Trade of the day, CLSN!!!<div dir="ltr" style="text-align: left;" trbidi="on">
So finally got tired of holding this bagg (CLSN), and sold it at 1.14 when it started looking like new lows was in the works. As you can see on the picture below, went long 2000 shares on Friday at 1.35 and sold it this morning at 1.14, a -.21 point loss. There is still a heavy short interest percentage in CLSN, so I might get back in when the overall selling subside a bit.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtcAakIePY0IJT2BhkUySEPv30HdpxR75eqBGrkoj759mfVOEkWXf0Of5Ksn74gkjNcVz9pdrW9kA3-E4kU_vSV_JmPYSuQV_aOD2bD3bUzR-0V3-mjh9V0s2ElA_2spaCEo0dkcOqaDhj/s1600/CLSN+2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtcAakIePY0IJT2BhkUySEPv30HdpxR75eqBGrkoj759mfVOEkWXf0Of5Ksn74gkjNcVz9pdrW9kA3-E4kU_vSV_JmPYSuQV_aOD2bD3bUzR-0V3-mjh9V0s2ElA_2spaCEo0dkcOqaDhj/s640/CLSN+2.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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!</span></div>
TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com0tag:blogger.com,1999:blog-3813006560428575743.post-75629873383872951002013-02-01T16:50:00.002-05:002013-02-04T17:10:49.435-05:00Trade of the day, CLSN!!!<div dir="ltr" style="text-align: left;" trbidi="on">
I'm pretty much hell bent on trying to catch this bounce on CLSN. I can't believe this stock is down over 80%, and is struggling to get a decent bounce, and I don't care about Phase 3 study results. Anyways, went long just 1000 shares yesterday at 1.53, but got stopped-out this morning at 1.39 for a -.14 point loss. After a hammer formed after I got stop-out, I decided to go long again at 1.35 but this time buying 2000 shares instead of 1000. I'm doubling down on this crap! The market closed, and for the first time in a long time, I'm holding a stock over the weekend. Good-luck to me :-) !!!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQ7dnsl03Jzv5JimaKW47eS_g82154RX90duKsLmqcMtmmk0zKRnEJWBBJkdx1FgkEMvGJbbRrdYRWQKoqqPmMXIDxc0STZrnC3iQIrWqeLk__kFpQfhDi3CVOnfh34F3-nTjF_-6sh9qS/s1600/CLSN.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQ7dnsl03Jzv5JimaKW47eS_g82154RX90duKsLmqcMtmmk0zKRnEJWBBJkdx1FgkEMvGJbbRrdYRWQKoqqPmMXIDxc0STZrnC3iQIrWqeLk__kFpQfhDi3CVOnfh34F3-nTjF_-6sh9qS/s640/CLSN.jpg" width="640" /></a></div>
<span style="background-color: #1c1c1c; color: #cccccc; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14px; line-height: 22.203125px;">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. Have a great weekend, and Thanks!</span><br />
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TraderMikehttp://www.blogger.com/profile/09217911570984878935noreply@blogger.com2