Watchlist - 02/16/2018

Selecting Stocks and Analysis

I don’t really see anything that great during premarket.

Litecoin is hanging on to the $220 area which is pretty nice. Today is Friday so we could see some short squeezes. Yesterday was a lot better for low priced stocks. The $SPY did crash midday but ended up closing strong.

Market is closed on Monday.


$IMGN

Surprise move yesterday around 1:00 PM. Looks to have some support at $10.60 and $10.40. Held $10.00 twice and I didn’t buy either time. I don’t know why it’s so hard for me to buy into weakness.

Float: 152.18M
Short: 8.79%

$MBRX

Big wick on the daily chart. Could see it head lower. Support at $2.50. Biotechs are annoying to trade because they all need money so everyone is selling.

They just announced an offering. Highly unlikely that I’ll even consider trading it. I have seen stocks spike after an offering but I definitely can’t trust it. Offering price is $2.10.

Float: 14.23M
Short: 9.09%

$SRNE

Nice support at $8.80 which was a level it got stuck at previously in the day. Resistance at $9.55. 5c tick.

Float: 41.84M
Short: 7.44%

$LBCC

Blockchain related. Resistance at $4.00. Not really sure about this one since yesterday was low volume and really the only catalyst is Litecoin being up. Another 5c tick stock.

Float: 5.20M
Short: 10.54%

$MULE

Higher price but low float. $29.00 is a breakout and all time high. If I trade this I may do 50 shares instead of 100. It can easily whip 20-30c. Also don’t really want to chase so maybe if it finds support I’ll get in.

Float: 18.70M
Short: 15.17%

$POTN

Kind of think this one is done for a while. After my initial dip buy it just kept going down. Should have support at 0.58 and 0.55.

Watchlist Review

Nothing really that great. $POTN had a small bounce. $MULE over $29.00 would have worked perfectly for a 50c gain. It moved so fast though. Everything else was pretty choppy.

$IMGN did break $11.00 and got up to $11.30+ from $10.45. Really nice but I missed the initial dip buy since once again it didn’t get low enough to where I’d be comfortable buying. This stock generally panics every single morning so on Tuesday I’ll look to maybe get in around $11.00 if it holds today.

Tim has barely been trading lately due to the way the market has been. Hopefully on Tuesday we get some better opportunities.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.F

Watchlist - 02/15/2018

Selecting Stocks and Analysis


$TVIX

$SPY gapped up instead of gapping down like it has been recently. We could be back to uptrending and in which case shorting $TVIX is the only trade possible. It’ll be weeks before we can really say if the market is back on track and on an uptrend.

$IMGN

$10.00 was the breakout level and it held pretty well yesterday.

Float: 152.18M
Short: 8.79%

$SRNE

Broke out yesterday but was a slow grind. Small crash down to $8.00 (currently VWAP) which may hold again. No recent news. 5c tick.

Float: 41.84M
Short: 7.44%

$TRXC

Went parabolic midday then retraced the whole move. Ever since that huge spike months ago it’s been in a downtrend. Possible short if it can get close to $1.72 again.

Float: 174.23M
Short: 9.90%

$MBRX

Some resistance at $2.75 and probably $3.00.

FLoat: 14.23M
Short: 9.09%

$POTN

Did not hold any of its gains yesterday. I’ll watch for a huge panic like usual.

Watchlist Review

Finally got executed on an OTC and it was the previous one I traded too. I got filled exactly at the bottom. I sold it a little too soon but it didn’t go up that much. I almost bought it again on the second big panic but it didn’t quite get down to the level I wanted (0.615 or 0.61). I traded with really small size so I can easily risk a 5c loss on it if I’m wrong.

$POTN 1 minute candles



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 02/14/2018

Selecting Stocks and Analysis

Looks like some opportunities are starting to come back. Crypto is back as well.


$TVIX

Wasn’t possible to trade yesterday since the $SPY was up and down all day.

$ZN

Huge volume yesterday. It has a history of spiking big.

Float: 51.17M
Short: 3.07%

$CHGG

Huge up day yesterday on earnings. Higher priced which is annoying but I’ll see if there are any big dips to buy.

Float: 105.56M
Short: 23.22%

$AQMS

Could have some support at $2.72. Not sure about the news but it did make a big move yesterday.

Float: 23.74M
Short: 12.30%

$FOSL

Earnings. After hours it looks like a short squeeze.

Float: 42.66M
Short: 41.79%

$POTN

Watching for massive panics to dip buy.

Watchlist Review

$POTN didn’t really do what I wanted so I didn’t buy it. Tim did trade it but I couldn’t really see why.

$UAA started bottoming around $16.00 and the first 5m candle to make a new high was $16.11. I almost bought but just didn’t. Could have been a nice 20c winner.

Market was a lot stronger but nothing I could easily trade. All the stocks on watch were choppy.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.F

Trading $TVIX

Lately the markets have not been super strong so the $VIX has been up a lot. This post will be dedicated to all of the trades that I make on $TVIX.

Strategies

These patterns are simply ones I have noticed over a period of a couple of days that would have panned out of I had traded them.

I would recommend sitting on the bid if you’re going in with small size since it generally has some type of dip before the $SPY really starts crashing.

  1. Buying after the $SPY cracks a support level (previous close in this case). This trade below would have worked if I had just given it some time to play out.

  2. Buying after the $SPY has made multiple green candles in a row and the 1m makes a new low. This strategy seems a bit risky since sometimes you only get a small drop in the $SPY and you’ll get stopped out easily.

  3. Dip buying $TVIX when the $SPY starts topping. Similar to #2 but different time frames should be used for the $SPY.

Trades



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 02/13/2018

Selecting Stocks and Analysis

Market was a lot stronger yesterday but still no great opportunities in the small caps. $SPY has gapped down a little this morning.


$TVIX

I think I’ll size down to 50 shares instead of my usual 100 for this so I can afford to be wrong multiple times without it affecting me. Even with small size you can get 50c moves out of it which is still good.

$IMGN

Earnings. I was pretty sure the previous catalyst was earnings as well so not sure what happened. Nice breakout over $10.00 but was an all day grind. There was huge resistance at $9.45 that eventually broke. I’ll watch for a big panic to dip buy.

Float: 152.18M
Short: 8.79%

$SEAS

Multiday breakout over $16.00. Could have resistance at $16.11 and $16.45.

Float: 64.20M
Short: 43.13%

$GNC

Q4 loss. Breakout over $5.42. It’s already past that in premarket so I’ll look for a dip buy possibly down to $5.10 or $5.00.

Float: 67.91M
Short: 40.00%

$POTN

Revenue news. Lately it’s been pretty dead and this news could bring it back. Currently up about 7c during premarket.

1st Month 2018 Sales Continue Rapid Growth Set in 2017 with $14.5 Million in Revenues

Watchlist Review

$SPY was really choppy this morning so trading $TVIX was not really possible. $CHGG had a nice run but it wasn’t on my radar until it was at $20.00. $GNC got down to $5.00 and bounced. I watched it get down to $5.10 and start bouncing around and didn’t consider buying when it dropped more. The market just seems impossible lately. Some of my plans seem to pan out but it’s always choppy.

I almost shorted $IMGN near $10.00 when it was failing to break over. I was about to then it randomly popped up to $10.00 which made me think it’d breakout. It dropped a good 15c. It’s so difficult.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 02/12/2018

Selecting Stocks and Analysis

I’m seeing lots of stuff up during premarket and the $SPY gapped up but is kind of sideways. Primarily going to watch $INPX / $POTN then wait for an opportunity on $TVIX if one presents itself.


$TVIX

On watch in case the market decides to crash again.

$INFN

Earnings. Some support around $9.15 / $9.00.

Float: 145.78M
Short: 10.24%

$POTN

On watch for big panics. It hasn’t been doing much lately though.

Watchlist Review

$INFN had a panic down to $9.00 but was really choppy. It spiked to $9.20 in a matter of seconds so there was no time to get in unless you bought very quickly into the panic.

$POTN had a small spike but no real panic. It’s not as active as it once was.

Nothing really that great today. Doesn’t feel like I missed anything since there wasn’t anything crazy.


I need to develop some type of strategy for trading $TVIX. My $SPY support crack idea would have worked on Friday so that’s one. The next I’m thinking about is to wait for the $SPY to have multiple green candles in a row (5+) then buy $TVIX when the first 1m candle makes a new low. It’s basically just a reversal trading strategy. The idea being that the $SPY simply cannot keep going up forever and there will be some type of pullback that causes the $VIX to increase.

I’ve highlighted the buy “zones” on the charts below. You will have to sit through some choppiness since the $SPY never drops instantly ($VIX will be up/down for a few minutes). Profit target should be 50c-$1/share or when the $SPY is starting to bottom. Get out if the $SPY makes a new high over the red 1m candle.

This “pattern” literally just happened and I didn’t trade it. It’s kind of hard to develop a trading strategy while you’re watching it play out. I suppose this strategy is repeatable throughout the day as long as the $SPY goes up a lot for several candles and then starts to top out.

$TVIX / $SPY

It’s important to note that the $VIX is simply a number and does not actually trade. It’s based on the volatility of the S&P 500 options. Support/resistance or other chart patterns are useless on any of the $VIX based ETFs/ETNs.

Also, I would never hold any $VIX ETF/ETN for more than a few minutes/hours since it can change rapidly. I would also never hold overnight (long or short) unless I was sure the market was going to 0.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 02/09/2018

Selecting Stocks and Analysis


$TVIX

Mainly going to watch this since none of the OTCs have clean panics with big bounces. The $SPY may have made a bear flag on the daily chart and almost all stocks were red on the day. We could see more downside.

Watchlist Review

I wasn’t here for the open so I didn’t catch any of those nice $TVIX runs. I did, however, see the $SPY starting to crack a support level which was a perfect time to buy $TVIX. The problem is: I didn’t hold it long enough so I got faked out by a tiny dip. I got out because this thing can tank fast and hard in a matter of seconds if you’re wrong. I was completely right though and just got scared by a small dip (up to $13.30+ now). I may try this again on Monday if the markets continue to be weak.

I’ve taken a few tiny losses recently because they started rolling over on me and I don’t want small losses turning into big $20+ losses (even though $20 doesn’t matter in the grand scheme of things). I know what my problem is though. I’m not trusting myself so I’m not giving the trade time to work. I stop out too soon when it’s not going my way and end up taking a loss each time. $MTBC, $CMCM, and now $TVIX all would have worked out if I had let the trades play out and had been more patient. $TVIX is a bit different but the reason I got out is not. I never had this problem before, but that could be because the trades before worked almost instantly and I got out right before a crash.

I have yet to have the satisfaction of being up a lot instantly. It’s far easier to be down a lot than it is to be up a lot.

$TVIX / $SPY



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 02/08/2018

Selecting Stocks and Analysis

Same watchlist as yesterday for the most part. Still unsure as to which way the market will go.


$TVIX

The $SPY did open strong but rolled over and crashed then closed weak.

$TGTX

Almost broke out yesterday.

Float: 56.54M
Short: 32.35%

$POTN / $PRMCF / $EMHTF / $KSHB / $ACBFF / $CANN / $MGTI

Watching these for big panics to buy. They have not been panicking the past few days so there are no plays.

Watchlist Review

Once again I was too tired to trade. Some of the pot stocks had panics but they were all too choppy to buy. $TVIX had a nice run. Hard to say if I would have traded it or not.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 02/07/2018

Selecting Stocks and Analysis

The market recovered quite a bit yesterday. I wanted to get in $TVIX when the $SPY was dipping but it always seems like a chase. $AMD actually followed the $SPY in the morning perfectly. That could be an easy buy if the $SPY starts going parabolic out of the gate.

I’ve been using Stocks to Trade for about two weeks now and I’m somewhat disappointed with it. On one of the days there was a period of 15 minutes or so where no data was being received, so it was just a blank spot in the chart. I’ve seen multiple candlesticks that are just wrong on the daily chart and very odd wicks on ETFs like the $SPY. There’s also no more “free” level 2 (probably an industry thing since even E-Trade Pro is charging for it now).

The only thing I like about it is:

  1. Being able to scan the OTC markets easily for big gainers at the end of the day, but I can do that in thinkorswim / TWS / or by looking at the otcmarkets website.
  2. Twitter screener. Even that’s only useful when some random news comes out (like $CDXC recently).
  3. High of day scanner. Still, only useful when something is printing frequently and for some reason isn’t on the percent gainers list.

I’m just not seeing much value in it. I will say their support team is helpful and responds quickly.

I want to try eSignal for trading since I had some lag issues with thinkorswim yesterday, but that’s going to cost a ton if I get L2 access.

My problem is that the thinkorswim platform can lag near the open when tons of stuff is going on. Yesterday, I had the chart saying $TVIX was at $11 and the L2 was at $10. Meanwhile on TWS the chart was updating just fine.

I can’t use IB for support/resistance charting because sometimes the data just doesn’t want to load when you zoom in/out and they’re just difficult to use in general. They’re functional for intraday trading but that’s about it.



$TVIX

On watch in case the market panics again. $SPY gapped down a little but that could be nothing.

$TGTX

Close to a multiday breakout over $13.25.

Float: 56.54M
Short: 32.35%

$POTN / $PRMCF / $EMHTF / $KSHB / $ACBFF / $CANN

Watching these for big panics to buy.

Watchlist Review

I was really tired so I couldn’t be here. None of the pot stocks had morning panics. $TGTX got close but didn’t break out. $TVIX would have been the one to play since the market sold off some more around 9:40 AM. The market could go either way still.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.

Watchlist - 02/06/2018

Selecting Stocks and Analysis

Market sold off pretty hard into the close. I wasn’t really expecting it since it was pretty strong in the morning.


$TVIX

If the market continues to be weak, I want to try scalping the VIX for 20-30c moves. Breakouts aren’t going to work that well and buying the dip could end with there being no bottom.

$TVIX is an ETN (not ETF) so it does not directly hold VIX futures. I believe this means you do not need a schedule K-1 tax form when you trade it. Don’t quote me on that. That’s why I want to trade it instead of $UVXY. Also, it’s lower priced so more shares can be taken.

I’m pretty sure the markets will bounce back eventually, but for right now it seems trading volatility is the way to go.

$BW

It’s really the only stock that has an interesting chart. It had a really nice panic where the reversal strategy would have worked.

Float: 43.03M
Short: 23.11%

$POTN / $PRMCF / $EMHTF / $KSHB

Watching these for big panics to buy.

Watchlist Review

None of the pot stocks panicked at the open so I didn’t trade them. $CANN kind of did but my level 2 and charts were delayed because of how insane the $SPY and $TVIX were at the open.

The $SPY had a massive spike with no 5 minute pullbacks until 9:55 AM. $TVIX of course downtrended the whole time. $SPY started topping around $268 and eventually rolled over so $TVIX ran. You have to be really quick on deciding whether to get in because it can go up very fast then get out before the $SPY bounces.



Disclaimer

I am not a registered financial adviser/broker/anything. Use this information for entertainment/informational purposes only. Any tickers mentioned are not recommendations to buy/sell/or sell short. They are used as examples only.