Happy New Year!!!

No good Bounce trades for the Month of December!!!

See you next Year!!!

Trade of the day, HEAR!!!

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 $900 profit. I wish trades like these would appear every morning.

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!

Trade of the day, NYMX!!!

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 $960 profit today.

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!

Trade of the day, ARCP!!!

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 $490 in less than 45 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!

Trade of the day, PTIE!!!

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 $387 gain.

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!

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!

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!

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!

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!

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!

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!

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!

Trade of the day, PBI!!!

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 $700 profit, but lost $230 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.

Trading quotes for February 2013

Trading quotes for February 2013

Trading quote for 2/1/13: “The harder you force trades, the more likely you’ll lose on those trades.”

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."

Trading quote for 2/5/13: "Your 'hardest' work should be done while the market is closed."

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."

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."

Trading quote for 2/11/13: "Once you have established your plan of attack, do not hesitate to execute the trade."

Trading quote for 2/12/13: "Most candlestick patterns (hammer, doji, shooting star, and etc...) don't mean anything WITHOUT follow thru."

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."

Trading quote for 2/22/13: "Boredom trades costs add up. Be aware of when you are simply bored and looking to trade something."

Trading quote for 2/25/13: "Again, never let your greed get the better of your judgement."

Trading quote for 2/26/13: "You should learn to expect the unexpected in any trade or investment."

Trading quote for 2/27/13: "It's not about being 'bullish' or 'bearish', it's about being RIGHT."

Trading quote for 2/28/13: "Once you have made your assessment and developed a trading plan, execute your trades. Do not hesitate!"

Trade of the day, AH!!!

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.

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!

Trade of the day, UVXY!!!

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!

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!

Trade of the day, MMSI!!!

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!

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!

Trade of the day, NTGR!!!

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.

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!
Also to all my followers, I'am done trading for the week and taking a long extended President's Day weekend.

Trade of the day, NOG!!!

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.

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!