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!