bankedout's trading journal

[bankedout]

My buy order on HDGE triggered, and I was filled at $20.95 for 100 more shares.

[sd]

I also Bought some HDGE today just before the close

50 shares $20.96 @ 15:57 pm

I also took a smaller position in VIXY @ 15:59
30 shares $18.18 -

I don't think we are on the edge of a big market correction, but the market is indeed acting weak, and as we enter earnings season, on 'reduced' expectations, I would expect an increase in volatility , and HDGE has been basing for 3 weeks-

both of these trades I would consider as early & speculative-
Therefore, I have taken a smaller position in the Vixy-
Sd

[bankedout]

I'm on a different line of thinking. Early would have been selling short the 10/5/12 peak, but really looking at QQQ it wouldn't have seemed too early. I wasn't thinking that way back then.

The market can ignore the Nasdaq and try to put in an immediate rally to convince investors this is just a consolidation before the next move up. However, I think the Nasdaq is so far gone right now it is hard to ignore that any longer.

My guess is if the market can put in a good solid day at lower prices than these sometime next week, things will deteriorate in a hurry.

We shall see. Good luck to you with your new positions!

[bankedout]

I decided that the VIX is too unpredictable for me right now. So instead of saving the roughly 25% of my account value in cash to trade volatility products, I put in another buy order for HDGE.

Buy 95 HDGE at market when DIA trades at or below $132.69

The Dow is the last index I track which really hasn't given in to the downward pressure on prices. So, if/when it caves I want to be as close to 100% short the market as possible.

[bankedout]

To cover myself if I'm proven wrong, I put in a sell stop on HDGE:

Sell 300 HDGE if it trades at or below $20.59

Looking at the chart, the premise for the trade becomes blown at that level.

[bankedout]

My sell stop on HDGE triggered and I was filled at $20.57

Result of the trade is -1%

[bankedout]

We are in a short term rally and I found a few stocks that look like they could pop in the short term. I intend to hold them for maybe a few days or a week at the most.

Buy stops as follows:

buy 650 INUV $1.26 trigger

buy 270 LOCM $3.01 trigger

buy 245 SVA $3.36 trigger

Each position would be about 10% of my account value.

[bankedout]

My buy stop triggered in SVA this morning. I was filled as follows:

200 shares $3.36

45 shares $3.37

I'm planning for this to be a short term trade. As such, valuations are not a concern for me during short term trading. High price/sales, high price/earnings, high price/book is acceptable. Therefore the hot biotech sector is now open for me to trade.

[bankedout]

I cancelled my buy stop for LOCM today. I don't like how the stock is trading.

I added a sell stop to my SVA position at $3.24

I added buy stops for:

BLIN $1.61 510 shares

AIQ $1.51 545 shares

[bankedout]

I cancelled my buy stop for AIQ

I attached sell stops to my existing buy stops.

Buy 650 INUV stop $1.26
Sell 650 INUV stop $1.09

Buy 510 BLIN stop $1.61
Sell 510 BLIN stop $1.44

I also added the following:

Buy 150 XWES stop $5.41
Sell 150 XWES stop $4.99

Buy 140 SALM stop $5.76
Sell 140 SALM stop $5.49

Buy 290 LTON stop $2.81
Sell 290 LTON stop $2.59

I still have my sell stop on the 245 SVA set at $3.24

My current thoughts are stocks that have been accumulated but not marked up will need to have an attempt made to run them up a bit while the market is still relatively strong. This should give the shorter term trader an opportunity to profit.

We shall see if this proves to be correct or not.

[bankedout]

Somehow my buy stop triggered in SALM on the opening bell. I had the stop set at $5.76 Maybe the system had dyslexia? If it happens again I will adjust my stop trigger method. Either way, I now own 140 shares with a cost basis of $5.67

Sell stop is in place at $5.49 which is very close to the current price!

[bankedout]

My buy stop triggered in XWES and I was filled for 150 shares at $5.44

The sell stop is set at $4.99 in case I am wrong.

On a longer term chart, XWES is clearing historical high prices.

[bankedout]

I sold my shares of SALM purchased on the broker error.

S 87 @ $5.46
S 53 @ $5.50

A quick 3% loss!

[bankedout]

My buy stop triggered for BLIN and I was filled at $1.64

My sell stop is set at $1.44 in case I am wrong.

[bankedout]

I bought 120 shares of HDGE today at $20.30 to balance out my longs at this point where the short term market rally appears to be running out of steam.