Trade of the day, SXC!!!

The below picture chart shows a 6-months daily candlestick chart of SXC. As you can see it had a nice support level at 14.25, so when it gaped down and tested those levels, I had to get in and catch the bounce.

I went long 500 shares at 14.46 and sold it at 14.90 for a very small gain of .44 point as you can see below

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.

Trade of the day, CBMX!!!

Usually my trade of the day is a bounce play I profited on, but ZGNX didn't work out for me today. CBMX was a perfect continuation breakout play that I caught perfectly today. I only got 200 shares of this stock at 8.55 a share because I've went into a few breakout plays recently and gotten stop-out quick. All I could say is, "I wish I bought my usual 1000 share lot!". Oh well, $700 is not bad for about 2 hours of work. Anyways, I ended up selling at 12.05 a share when I thought it move up way too much and started to sell-off a bit. It was a pretty nice 3.5 point gain, but again, "I wish I bought my usual 1000 share lot!".

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.

Trade of the day, AMRN!!!

The picture above is AMRN year to day daily chart. It had a nice support level around 9.50 a share, so right before the open, I put a limit order to buy 1000 shares at 9.50 and got filled within 21 seconds. I knew this might work because it only had a low of 9.42 during pre-market trading this morning.

This stock was acting very erratically the first hour of trading, but when it started to somewhat consolidate a bit, I placed my second stop at 9.49 and decided to hold on until it either got to my profit of at least 9.95 or 5 minutes before the closing bell. Well as you can see on the picture above at the green arrow, I had to wait 5 minutes before the close to sell, and sold it at 9.69 for a .19 point gain. I thought I might get a short squeeze covering rally at the end, but it never materialized.
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.

Trade of the day, LFVN!!!

So it seemed as I was the only person trading LFVN today. Not even StockTwits had it available in their search list. I decided to try and catch this bounce when I saw it heading back to support levels at around 1.75 from back in February. Went long 2000 shares at 1.85 when I saw volume spike up after it started trending back upwards on the 5-minute bar chart. I was going to get back in LFVN today even if it broke my 1.79 support, but lucky it didn't and I ended up selling it at 2.09 for a .24 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.

Trade of the day, VRNG!!!

The chart picture above is VRNG 3 months daily. I had a limit order to buy 2500 shares at 3.05 of VRNG every day for almost the past month, just in case it had a little dip/sell-off. VRNG has a very strong support level at 3, so I figured if it sold off too quickly for some reason, I’ll be able to catch a quick bounce off 3.

Well today it happened (above picture), and I got filled 2500 shares of VRNG at 3.05. After I got filled I quickly placed a stop at 2.98 just in case it kept falling apart. My level 2 screen showed a huge bid for a second of about 250,000 at 3.00 dollars a share. I knew the support level of 3 wasn't going to be taken out soon after I saw that. My profit target was 3.30, but sold it at 3.25 when it formed a shoot star candlestick pattern and then struggled to inch any higher.    

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.

Trade of the day, UEPS!!!

WARNING!!! Never try this type of trading on above picture. Anyways, I have a rule that if I get stop-out on the same stock 3 times in the same day, I just call it quits. This had happened to me 9 times this year of over 500 trades so far I've had since January 1, 2012. Here are the bullet points on all 3 trades for UEPS.

• 1st  Loss: Long 1000 of UEPS @ 4.15 & stop-out at 3.88= $270
• 2nd Loss: Long 1000 of UEPS @ 3.50 & stop-out at 3.33= $170
• 3rd Loss: Long 1000 of UEPS @ 3.45 & stop-out at 3.29= $160

Three strikes and your out!!!!

You should never fight the tape out of boredom, or you'll end up losing $600 on just one stock I wish never pop-up on my screen today.  Usually my trades of the day are winning trades, but I had no winning trades 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.

Trade of the day, UVXY!!!

So UVXY gaped down this morning when the overall market is in a somewhat overbought short-term trading trend. I had to take advantage of a quick bounce that UVXY usually does after gaping down in the morning. Went long 400 shares at 18.59 a share the second it opened at around 9:33a.m ET, and placed my stop at 18.47. It was somewhat of a gamble of where I put my stop, but looking back on Friday's chart I think it had a good support level around 18.50. Sold UVXY at 19.60 when I thought it went up too quick too fast for a 1.01 point gain. Now I'm wishing I didn't sell so soon because it ended the day going up almost another dollar by the close.
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.