Ampio Pharmaceuticals, Inc. (AMPE)
Long: Weak Open, Higher Low & R/G
Review: I guess I could say the risk reward wasn't there on this trade because if you got in at around 11:30AM after it made a higher low, you'd have a price of 6.97 to 7.03... and your worst case risk would be .75, but you'd be trying to get out at .85... so you'd call it 15c downside, and 50c upside (to the next Magnet Number). I normally would try judging risk reward off Worst Case risk and Potential Reward, but I think I might start basing my $ Risk off the worst case area and judge whether it's a good trade off the exit area. My reason for this is because I'm not getting in enough trades that do seem to be working out.
CTPartners Executive Search Inc. (CTP)
Long: Weak Open & R/G
Short: Gap Up, Parabolic through $8.50 or $9... Risk off $10.. Starting in after $9
Review: I took this off my watchlist in the first 15 minutes because there wasn't enough volume. I was right to do so as it ended the day with only nearly 500k. I'm looking for at least 15k after the first 15 minutes because at least I'll be giving the stock an opportunity to stay on my watchlist in case it picks up at any stage. Ideally I'd say I'd be looking for at least 3k+/minute for a liquid stock.
Amicus Therapeutics, Inc. (FOLD)
Long: Weak Open, Higher Low
Review: I'm not sure if I should have bought at 10:26 when it made a higher low, obviously in hindsight it didn't go anywhere but I don't know.. And then maybe around 12:00PM-12:30PM.... I'll look into it
Geron Corporation (GERN)
Long: Weak Open & R/G
Review: It might have been a buy at 1:17PM if you got in at $4.16-$4.18.. I have trouble trading GERN (which I think is laughable because I know the reason lol), and that reason is I feel a 10c move isn't good enough.... It's a stupid reason not to trade it because the risk reward is fine but my charting at the moment is kind of messy because I'm not paying for software this month because I decided to dedicate myself to learning. I have one uncertainty though which is, should I be trying to sell when it breaks below $4.12 or should I be trying to sell when it breaks below $4.09...
Let's just say I'm judging the Risk Reward off $4.09 anyway, My downside would be 8c/share ($4.17, just taking the middle value) and my potential upside approximately 24/share (Potentially around $4.41, calculated by finding the average range from the prior 4 days, this is excluding the first big day) so your potential Reward is exactly 3 times your Risk = Good Trade.
Horizon Pharma plc (HZNP)
Long: Buy any higher lows
Short: Any 50c+ parabolic move, Stop off whole and half dollar marks, entry order 400 shares, 4-5c below the whole or half dollar stop. The Parabolics seem to fall back to the previous whole or half dollar mark
Review: As I said my charting isn't clean while I'm watching it during the day so I never saw that Parabolic in the morning, It didn't totally fit my expectations as only went up to $22.90 (1c under the day high created on the first minute candle). But it did Parabolic 50c+ from under $2.40... I'm starting to fell the .87 area is the time to start into these parabolics, because at that point everyone is probably thinking this is going to the next Magnet Number, Then add in every 5c... Now, I can't say it's as simple as that, maybe it would work, but I think the edge comes from being able to kind of get the feel of how people are reacting to the price action when their in it - Maybe it comes down to Level 2? - Is there a wall of sellers at a certain number? To give reason to start/add in?? - Is there just one Offer Soaking up the bid??? I don't know yet but I'll know what to look for when I get the software back.
Then it might have been an ABCD pattern just after 11am. Maybe not picture perfect but I know they come in different shapes and sizes.. So I don't know, It would've worked out this time though but I don't want to take something unless I know it has potential.
Synergy Pharmaceuticals, Inc. (SGYP)
Long: Weak Open, Higher Low & R/G
Review: There Wasn't any great setup that I know of.
Maybe you could've bought into the Wash in the Morning when it broke down through $3.50 (Starter Position) with a Risk off of $3.37 (The Prior Days Consolidation low) and your goal would be to add in at maybe $3.40 or something around that with a goal of it busting back above .50... There just ideas that need confirmation.. At least I'm saving all the intraday charts so I can go back over them if I want to backtest. Might do that this weekend or next.
SIGA Technologies, Inc. (SIGA)
Long: Weak Open, Higher Low & R/G
Review: Took this off my watch after the first 15 minutes because it didn't have enough volume.
Supernus Pharmaceuticals, Inc. (SUPN)
Long: Weak Open, Higher Low & R/G+$11.00 break
Review: Maybe a Parabolic Short?? I'd have to look into more but I'm late as it is.
Solazyme, Inc. (SZYM)
Long: Weak Open + R/G
Review: Again, Maybe A Parabolic Short.. But I'll have to look into it more
Urban Outfitters Inc. (URBN)
Long: Weak Open + R/G or ABCD.. Either Way, You need Higher Lows for this one
Review: Maybe a Parabolic short... But I know I wanted to buy this at $44.20-$44.24... And I didn't chase it to 44.27.... The Goal would've been $44.50..
ADDED AFTER I MADE THE WATCHLIST
ACADIA Pharmaceuticals Inc. (ACAD)
Why I added it: Someone else was watching it.
Review: This highly annoyed me... This Is the clearest Dip Buy there is. It held the LOD, put in a higher low, and that was the time to buy - anywhere at $33.80 would've been fine, but I wanted $33.70!!! This is the second time I did this, I have to look at the bigger picture, and divide the prices by 10 on these... If you divide this by 10, I wouldn't take $3.38 because I wanted $3.37!!! 1c, 1 bloody cent. Potential upside: 12c ($3.50), Potential Loss: $3.33 (Worst Case), $3.35 (Best Case), so 12c potential upside, 4c average potential downside = 3 to 1 = Good Risk Reward.
I just need to think quicker on whether the play is good or not, I'm an amateur yet, Professionals are ready for the move before it sets up.. I, as an amateur, must see the setup before I figure out whether it's a good trade or not..
Amarin Corporation plc (AMRN)
Why I added it: Up Premarket
Review: I was watching this in the morning and believed I saw an ABCD pattern forming which I was correct on, You might have bought when it broke the consolidation wall at $2.27, and held onto it until it either broke out or broke down.. Worst Case Downside: 11c ($2.17), Best Case Downside: 6c ($2.22), Potential Upside: 22c ($2.50), so 22c potential upside, 9c average downside = 2.4 Risk Reward = Ok Risk Reward. But not good enough for me with my small account, commissions kill these trades.
Globalstar Inc. (GSAT)
Why I added it: Up Premarket, Daily Chart wasn't bad
Review: No Setups Presented themselves
JA Solar Holdings Co., Ltd. (JASO)
Why I added it: Up Premarket, Shouldn't really have kept it on, isn't a great Daily Chart
Review: I was watching this in the morning and thought I saw it gearing, I asked someone for what they saw, and they said "nothing"... They were dead right, but I understand The Why..
SciClone Pharmaceuticals, Inc. (SCLN)
Why I added it: Up Premarket, Earnings Winner
Review: It may be an Earnings Winner, but there's no chart pattern here.
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