GMCR trading journal 2-28-13

i like GMCR and i think its ready to make a move to 50 by tomorrow or  friday if volume comes in.  if not by next week.

this could go to 48.50-49 tomorrow then on friday we can possible have a big push and maybe tap 51-52 on a 50 break

3.6 million shares traded today closed near highs but most importantly closed above 46.50

$1.65 move on 3.6 mil vol

for a move to 50 tomorrow would require  greater than >10 million shares  cause of all the volume traded between $47-49  on feb 5-6



to signal a move higher tomorrow 

3 min  > .30 move on over  80-100k shares  breaking above $47 mark 

1 min > 30 k  head up 

5 min  >90k constant at open 

15 min > 300-350k 

60 min  > 1.2 million 

i want volume to keep rising  while price is headed higher to signal a strong move right out of gate
Example   3 min 80k shares , next 3 min 110 k shares  next 3 min 130 k    
something like that

intraday supports it put in

46.75
46.50
46


I really dont want to see it below 46.50

some resistances 47.50, 48 , 49   50   , 50.50

hourly

What to do and what not to do

some important things i learned this week  

What not to do 
====  Do not try to front load a sub penny that has very little liquidity to try and predict a run is going to happen.   you are gonna get fucked and end up -50%

==== no not try to predict a breakout when the volume is not there.

=== DO not waste time on a stock that has no fucking range that day   re:aapl

===



what to do

When a stock has been selling off real hard for 4-5 days keep a fucking eye on it the next day cause the bounce on it will be huge 30-60%   re:  ERBB  PHOT MJNA
make sure you go all in on the bounce and make bank


when a stock with a very good catalyst and news hits on the catalyst  while its in a dowtrend buy fucking call options and hold that shit  re:  znga 

2-18-13 Q & A

Q: any stocks that might have a uptrend developing in the NASDAQ/OTC markets?

The stocks im watching for a continuation of its uptrend .  ZNGA long bias against 3.10-3.20  and  CERP over .05 should have a nice multi day run to .10-15 area 

Q:Thoughts on $MS? Looks ready for next level if market cooperates. Agree? Thank you.

Yes if markets keep heading higher and GS keeps going i believe that MS will head higher. right now it looks like MS wants to consolidate between 22.60-24 for a while.


Q: made good money on $pson pump and dump, is there legs to this new spike which has climbed slower?

Im short bias  between .80-.86 i think this will dump on Tuesday.  this was almost 100% dead cat bounce.   Needs to hold .80 imo

Suretrader for Daytrading?

Suretrader is a broker that I have been with for over a year. I signed up with them before most others did. This broker is based in the Bahamas.  Owned by the guy who owns Speedtrader.  They use the platform called Das Trader  www.dastrader.com  .

Suretrader Click here : https://www.suretrader.com/?a=113edb9e-694f-4c6d-a75f-c452b090c525
Or click on the banner on the side or top of the blog

The awesomeness of Suretrader

NO PDT rule  You do not need $25,000 to trade with them unlike the brokers in the U.S.  If you are like me and have a small account this broker is perfect for you. 

   Margin account $500     

All you guys who only have maybe 2,000  have no fear u can daytrade as much as u want any day with these guys.


The list of available stocks to short is AMAZING they did not have shorts like this until a few months ago.   Before they sometimes had shorts on penny stocks from OTC's to NASDAQ  .01-$3  but it had to be done via trading desk.  I believe that costed $50 to locate and short it.  Right now you can short penny stocks via the platform which is awesome. here take a look at what i mean (recent penny stock pumps that you could have shorted and made money off of Pic 1)
This is what the montage/charts/time sales looks like on the platform.   the recent weed penny stocks which were going nuts were shortable with suretrader on the platform.
You can see the  "S "  on the montage window.  when you see that it means its shortable.   

Best part about shorting INTRA-DAY shorting you are not restricted to the $2.50 rule that most brokers have.  ( the rule is only applied if u want to hold your short overnight)
  Example with $5,000 account:  MJNA is at .40 and you can short 12,500 shares 

with other brokers you can short only 2,000 shares cause of the 2.50 rule. If you wanted to short 12,500 shares with another broker you would need $31,250 cash in that account

(pic 1)

There is no level 2 in the picture cause i don't pay for it i have etrade for level 2. 


some other perks
MARGIN! :)  
(Please understand the risks of using margin. Not everyone is comfortable with it like i am.)

Margin for Overnight positions 2:1 and they charge interest. 
They offer  6:1 intra day margin for most stocks priced above $3. meaning (5k x 6 = 30k margin)

And it gets better they offer 50% margin on penny stocks and options.  

I have a $5,000 in the account.  I can purchase up to $7,500 worth of penny stocks or options.


Trades are $4.95 for 1,000 shares and .00495 per share after

But if u sign up with me its $4.95 for 10,000 shares .000495 per share after ;)

For options its 4.95 + $1 per con.   Thats not bad imo.  Etrade charges $10 + .75 per con 

this will get expensive if u try to buy 100,000 shares of a stock at .01 and try to scalp it for 10-20%
$50 to buy and 50 to sell =$100  

Note:  I do not trade stocks priced below .03 with suretrader  i have etrade for big share size orders

They do have platform fees and wire out fees which i get asked about often.
go on the site to look at the fees and see if you find it reasonable.

I believe thats all. I hope i didnt miss anything.  Thanks for reading

              IF YOU HAVE ANY QUESTIONS ASK IN THE COMMENT SECTION BELOW


Suretrader Click here : https://www.suretrader.com/?a=113edb9e-694f-4c6d-a75f-c452b090c525
Or click on the banner on the side or top of the blog

ZNGA and earnings after close tomorrow

ZNGA i believe has found a base and shouldn't go below $2.  Earnings tomorrow will decide the direction for 2013.   with them working on legal online gambling and all that goes through this could be a 7-10$ stock again

for earnings i think any time of beat mixed in with some sort of good news could send this to 3-3.50 level maybe higher who knows  thats what im hoping for  weekly chart gap fill to 4+ in the next month or so after earnings?  that would be sick lol


if i play this i may grab feb or march monthly $3  strike calls   for complete lottos maybe this weeks
or maybe call calendar 3.50  looks like its going for .01  not sure yet



Daily chart

Weely

monthly chart