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!

Trade of the day, CLSN!!!

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.

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, AKAM!!!

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.

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, GPOR!!!

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.

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, KERX!!!

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.

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, CLSN!!!

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.

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, CLSN!!!

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 :-) !!!

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!

Trading quotes for January of 2013!!!

Trading quotes for January of 2013

Trading quote for today (1/04/13): “It's okay to be wrong when a trade doesn't work, but it's never okay to "STAY WRONG" on that same trade.”

Trading quote for (1/07/13): "The markets change continuously and so must you. What worked last year or even last month may not work now."

Trading quote for 1/08/13: "Do not be careless or reckless with your investing/trading. You invest/trade for profit, not for fun and games."

Trading quote for 1/09/13: "Don't be a bull, don't be a bear: Be a predator, constantly lurking and stalking the 'easy prey/money'."

Trading quote for 1/10/13: "Trust your gut, if something doesn't 'feel' right, sell/cover it. Analyze (emotion free) it from the sidelines."

Trading quote for 1/11/13: "A risk-reward ratio of one to one is not worth it. You should prefer to see: 'Risk [1] $100 : Reward [3] $300'."

Trading quote for 1/14/13: "Adding to a losing position regularly is one of the best ways to end your investing/trading career."

Trading quote for 1/15/13: "Investing/Trading is a business and you should treat it as such. Know when to enter and exit the markets."

Trading quote for 1/16/13: "Investing/Trading in stocks is a lot like a beauty contest. What looks best, wins."

Trading quote for 1/17/13: "Beware of price move without the volume to match. Low or weak volume on huge price moves are very suspect."

Trading quote for 1/18/13: "If you're getting all your trading strategies/tips from people's tweets, you shouldn't be playing the markets." 

Trading quote for 1/22/13: "Never short a market in momentum mode." We are now in a strong upwards trend.

Trading quote for 1/23/13: "Most losing streaks start because a 'basic' rule was broken, then your emotion starts talking over the trade."

Trading quote for 1/24/13: "Believe it or not, often/most times the best investments/trades require you to 'buy high' and 'sell higher'."

Trading quote for 1/25/13: "Do not let your greed get the better of your judgment."

Trading quote for 1/28/13: "NO plan, NO TRADE!"

Trading quote for 1/29/13: "Professionals average up; amateurs average down."

Trading quote for 1/30/13: "If your trade or investment is not working, it's okay to say 'I'am wrong and what do I need to do now'."

Trading quote for 1/31/13: "Act when you see an opportunity and be content to stand aside when you do not."

Trade of the day, KERX!!!

So I caught some of a short squeeze this morning on KERX. Went long 1000 shares at 9.09 after the candlestick hammer formed on the 5-minute chart. I wasn't really looking for a profit target price with KERX, but just observing it for a little top heavy action or a candlestick sell signal. A shooting star bar pattern did form about 18 minutes after I entered the trade, and I got out exactly at that bar's close at 9.60 for a .51 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, SANM!!!

Not all bounce plays work, as you can see on the picture below. I thought SANM was a perfect bounce play in motion this morning, so went long 1000 shares at 10.20. Was looking for a profit target of at least 11.00, but my stop ended up getting hit at 9.99 and sold it for a -.21 point loss.

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, RPRX!!!

Caught a nice small bounce today on RPRX, when it started collapsing right at the open. Went long 500 shares at 12.00, and was looking for a profit target around 13.00. Everything on this trade worked like clockwork, and sold  RPRX right at 13.00 for a 1.00 point gain. I really couldn't have asked for a better trade this 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, UVXY!!!

Didn't day trade any stocks today, but this trade of the day, was just a continual trade from yesterday (look at previous day blog post) on UVXY. Finally sold it right before the bell rung at 10.59, from an entry yesterday at 10.15, for a .44 point gain. All I can say is "Do not let your greed get the better of your judgement." HAVE A NICE 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. Than

Trade of the day, UVXY!!!

So I broke a bunch of rules today, but this trade just got my emotions going. Went long this morning 1000 shares of UVXY and got filled at 10.15. Decided to hold it overnight after it broke through 11, but as you can see below, my trade turned into a nightmare after 2:30p.m ET. Going to hold UVXY until probably the end of the day tomorrow.

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, ONVO!!!

ONVO has treated me well the last 2 days (read previous blog post) with over $1500 in profits, on just 2 round trip trades of a 1000 shares each. I ended up almost catching the bottom today when it sold off and hit a low of 4.07. Went long ONVO on a 1000 shares at 4.30 when I say the candlestick hammer was about to form on the 15-minutes chart. My profit target was at least 4.90, but when it broke through 5.00, I decided to hold on for a bit longer, and sold it at 5.09 for a .79 point gain. By the way, got stopped-out of UVXY again today, after I moved my stop up for break-even. I’ll be playing it (UVXY) tomorrow morning again. CAN’T STOP, WON’T STOP!!!

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, ONVO!!!

Lost about $120 going long again this morning on UVXY, but made $850 when I caught the continuation rally with ONVO. Went long 1000 shares at 4.95 and sold it at 5.80 for a .85 point gain. This (ONVO) trade was a very high probable play for more upside movement today, by just analyzing the increasing daily volume it had the previous trading days, I knew it had some more upside potential.

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!!!

You win some, and you lose some. Played UVXY long again (see previous post) today, and I really got caught off guard this time when it started to collapse near around 1:00 p.m ET. Went long 1000 shares right at the open, and got filled at 12.95. I initially placed my stop at 12.73, then stupidity moved it down to 12.47 when I thought the overall market seemed to have top out a bit. Now due to market makers or whoever is rigging this ETF, my stop all of sudden got stopped-out very quickly around 1:00 p.m ET and sold at 12.47, a -.48 point loss. If the UVXY was a stock, it would have been delisted months ago. Despite this losing trade today, I'm far from done trading it. I'm going to be day-trading it until I get my "DeaD CaT BouncE"!!! Even if it blows up my account...Just Kidding. Enjoy the long 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, UVXY!!!

If you have been reading my posts, or following my tweets for the past few weeks, you may know that I'm still hell bent on trying to catch this Dead Cat Bounce on UVXY. I don't care which way the market is heading, I'm going to play 1000 shares of this ETF until it has a nice huge retrace to the upside. Anyways, went long 1000 shares right at the open and got fill at 12.75. I placed my stop at 12.49 just in-case the market makers decide to try and take out some weak hands. Also I didn't even bother to look for a profit target, just held on to this thing (UVXY) 5 minutes before the market closed (4:00p.m ET) today. Finally, UVXY did start moving to the upside late in the day, and I sold it at 13.15 for a .40 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, SHLD!!!

Usually my trade of the day is some type of bounce play I profited on, but I want to change it up a little on this post, and show you a nice breakout I caught with SHLD today.  Looking on the daily chart, you could see SHLD was just itching to breakout today, so went long 400 shares at an average entry of 44.80. I was looking for a profit target of at least 47.00. When SHLD starting to get a little toppy at the end of the day, I just decided to move up my initial stop from 44.44 to 45.99 which ended up getting hit after I moved it.  Despite holding on to this stock almost the whole day trying to catch this breakout, I still manage to gain 1.19 points on the trade.

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, ZPPB!!!

This was one of my most riskiest trade I've done so far this year. The risk to reward was pretty much just 1:1. I could have lost hundreds of dollars in less than a minute after I went long with this penny stock. Went long 10,000 shares on ZPPB at .25, and sold half (5000) after it hit my profit target of .30 for a $250 profit so far. I want to see if it could go any higher, so holding the other half (5000) overnight to try catch that gap up in the 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, TELK!!!

I traded a few stocks today, but none of them ended up being winners today. Anyways, I was looking for a continuation to the upside today with TELK, but it failed to materialize. Went long 1000 shares at 2.33 and sold at 2.25 for a .08 point loss.

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, BV!!!

Didn't do that much trading today. BV looked like a good contender when it sold off late yesterday, and was looking it might rebound some today. Went long 1000 at 6.70 on my first round trip trade and got stopped-out at 6.59. Then after it hit a nice support at 6.50, went long again 1000 shares at 6.60. I was hoping for an end of the day run-up that never did materialized and just sold it 5 minutes before the bell at 6.64 for a .04 point gain, but an overall .07 point loss when adding both round trips. Enjoy the 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, MCP!!!

Today's trade of the day was pretty much a gamble (thinking it wasn't going to crack 8.00 a share) than an entry signal strategy that I most commonly use to get into a trade. So I decided to go long 1000 of MCP at 8.10, thinking there was no way it was going to break the 8.00 a share support level today. Placed my stop at 7.97 just in-case I was wrong. I didn't want to move my stop up until it reached 9.00, but, if it didn't hit that mark, I was just going to hold it until the last half an hour of trading, and I did, sold it about 10 minutes before the bell rung at 8.45  for a .35 point gain. By the way, I'am still long 2500 share of $TZYM at .58, and holding it overnight hoping that it will have a nice run-up tomorrow (Friday) before the 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!

Trades of the day, HLF and UVXY!!!

My first trade of the day was HLF. It had gotten halted on some pretty decent news this morning, so when it started to sell off after it re-opened and knew it was just some profit taking. Once it touched 38.00 a share and started to bounce, this was going to be an easy day trade with a very good risk to reward ratio as long as I placed my stop at 37.97. So I went long 300 shares at 38.25 and sold it at 40.21 for a 1.96 point gain. Glad I didn’t decide to hold this until the close, as you can see on the picture below.

___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Finally, my second trade (picture below) of the day was UVXY. I’ve been hell bent on trying to catch some type of Dead Cat Bounce with this thing for the past week, but I’ve realize this ETF is rigid. I decided to go long again today after it gapped down and was hitting more all-time lows. I’m not even going to watch any type of underlying index with UVXY anymore, it’s all about price action with this thing now. Therefore, I caught some of the bounce today, by going long 1000 shares at 14.50 this morning, and sold it at 15.05 for a .55 point gain.  If UVXY has anymore huge gap downs within the next few months, you’ll see me going long on the open, it’s automatic for now.

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, CTIC!!!

My trade of the day is usually a winning trade, but today I want to show you why mental stops are wrong if you ever get up from your trading desk. Went long 1000 shares on CTIC at 1.55 when it had some very high volume, and looking like it was heading straight upwards to 2 dollars a share. I put in a mental stop knowing this was going to be a brief trade. Now the minute I thought it was okay to step away from my desk to look for some whiteout, I could see the stock starting to collapse from a distance on my computer monitor. So the time I got my mouse and placed a market sell order, it was already almost down more than 10%. I put in the market order and sold it at 1.45 for a .10 point loss. Always remember to put in place a stop order if you ever step away from your computer.

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, ESI!!!

A perfect dragonfly doji candlestick pattern trade setup off the bottom lows this morning on ESI. I went long 1000 shares at 15.10 after the dragonfly doji formed on the 5-minute daily chart, and sold it when my 16 dollar profit target was almost reached at 15.96 for a .86 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, ARAY!!!

ARAY had a strong support level around the low 5's for about a year now. It gap down this morning and tested those lows again, so it was pretty much a no brainier to go long 1000 shares at 5.05. I placed my stop at 4.99 because there was a huge bid at 5.00 a share on my level 2 screen. If that bid had gotten taken out, it would have been free falling time for this stock. I decided to hold ARAY until 5 minutes before the close hoping for some Friday short covering rally. Sold it at 5.40 right before the market closed for a .35 point gain.

 The above chart is ARAY daily showing the support level, and below is a 5-minute chart of ARAY.

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.

LPH still halted, and who knows for how long.

As you may know, my trading style is trading on people's fear. Yesterday the fear was fully in LPH, but ended up becoming my worst nightmare when it got halted with me stuck in the trade.  Last year (2012), I got stuck in 2 halted trades, but the stocks I were in got unhalted within a few hours. I think it maybe awhile before this stock gets unhalted. The reason I say that is because AMEX has a tendency of halting stocks for almost forever, remember GBG. This stock (GBG) has been halted since mid-September. So if anybody gets any news about when LPH is going to get unhalted, leave a comment on this blog post, or send me a message on either twitter or Stocktwits. Thanks!  

Trade of the day, VRNG!!!

This trade on VRNG today was pretty easy based on pure instinct. I have been watching/trading VRNG stock every day for about 9 months now, and know the ins and outs of it without looking at a chart. There is a picture snap of my tweet below before I bought it. Went long 2500 shares at 3.00, and sold it at 3.45 when a gravestone doji formed, that pretty much told me this upward breakout might be over for today. But, the day wasn’t all that great though because a small percentage of my capital is stuck in LPH when I was trying to catch the bounce during the sell-off.

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, DOLE!!!

Thought my trade of the day was going to be on UVXY, but the stock started slowly dipping during the day, and got stopped-out after I moved my stop to breakeven. DOLE was pretty much a simple play on a somewhat double bottom move upwards. I went long 1000 shares at 9.80 after a hammer formed where it tested the lows of the day for the second time. The stock started consolidating but failed to move any higher, so I decided to sell it after getting a hint ( higher volume bar on pic) of weakness in the consolidation period at 10.05 for a .25 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.