I started with a $2,000 on 6:1 margin ($12k buying power) in December 2012. Now at $18k (+900% wrt cash, +150% wrt initial buying power). My system is sick!
Market: Expect $SPY to squeeze this week so ill be bullish and appropriately bearish, looking to short over-extensions and breakdowns.
WATCHLISTThere are a lot of good plays out there but can't play them all. I'm starting to learn how much more efficient it would be to focus on a few prefect trades and nailing them with big positions, rather than scalping everything. From now on, I will try to make less than 10 trades/day. I will also try to swing a trade or 2.
FARE - the market is working with the promoters now, as the market picks up vol, which is all this pump needs to run. I am long 0.217 just before close for a gap-up and morning spike. This is a pump and dump, so it could dump at any point, so be cautious around natural res levels like 0.23, 0.24, 0.25 etc... But if the promoters are competent, this could turn into a great run-up.
AMBS - this thing is still trending with vol so it could hold-up a bit. don't be aggressive, wait for vol to fade before shorting.
BGMD - banked over $400 on this one yesterday playing it on both sides. I will look to buy the squeeze if it bottoms today and only today b/c once momo is gone, it could fade to 2 or lower. I'm watching supp around 2.5 today.
ONCY - this is turning into a perfect short pattern I've been waiting for. I am swinging it from my 3.99 short. Once supp at 3.74 breaksdown, I will add to my short.
VRNG - spiking on news about a new executive. I like this stock cuz it moves. I will buy a morning breakout for quick scalp for 50cents. Then I will look for the big dip buy to play the squeeze. It fades with vol so take note of its pattern.
JVA - this is my swing set-up. This stock has potential to run-up imo in light of its recent killer earnings win and is undervalued imo. I shoulda bought into the close, but maybe i'll get a change today if doesnt gap-up. supp at 7.3 will be a good stop.