Two winners JAKK WLL two smaller loser HAIM HRTX

                                                        JAKK

                                                           WLL

                                                         HAIN

                                                        HRTX

Green day AET VDSI shorts

AET
Was OK R:R. I wish  if it never made a pull up so I could  let it run further down, but reality is  pull ups are inevitable and have to take what is given and be thankful. Which I did OK

AET

AET   eod

Seems like leaving money at the table is my "curse"

SCALE OUT more often. Live even a smalll size for possible home run. Did great doung that last Friday on ISLE short trade

VDSI  I shorted the lower highs  with anticipation to break the horizontal support 32.60, but it bounced. I did not cover for profit at the bounce , and covered for scratch . tiny loss. Shoulda woulda coulda  but  didnt.. If I did cover it I'd be in locked in gains, and two things could have happened:

1) bounce as it did , and could have re-enter recycle trade

2) break the horizontal supp and go down without me.

In both cases I 'd be better off if I covered since I'd had a profitable trade with more or less gain. What I did  gave me no gain.

VDSI

VDSI eod

The entries

Some observations of great opportunities missed & Trading rules

Impliment these rules in the symbols below

After market closes I always see that there were so many great opportunities , but the challenge is how to be able to see them when they present ?!?

All these were symbols from my watch list past few days and out of many just  few gave great entries.

                                 VIMC  my buddy took this short  trade he happen to see it

                                          AXS

                                       HES

                                                HAR

                               MDAS

               Z

                AF

       SINA

                   MOBI

                RPTP

              VIMC

 NBIX fake break out daily ??? Maybe  but late chased entry

       NBIX covered with loss

                      AMED

                         AMBA

                      NQ

             RDUS stopped out 

SGYP  short below 8.80 1 c spread

Green day shorting with a home run on ISLE and small loss on HMIN

ISLE the home run . I shorted the break below 21.00, covered 2/3rds 20.50ish area , trailed the stop on each lower high , closed at EOD for $1.25 gain. It doesn't happen often but when it happens you gotta be in it to win it. 

                                                             ISLE  short 20.99

                                                   ISLE  the eod cover was a the gravy

                               

HMIN
Was dead wrong shorting where I did but managed  to lose small.

                                                         HMIN the short 31.45

HMIN covered with manageable loss and GOOD that  I DID 

Jun 11 Green day all shorts QIHU KKD CSIQ BAX

Trading less always works better on long run, focused more on good entries and better follow up during in the trade.

                                QIHU did not hit target but took some green gains on it

              KKD reached full predicted target covered and left money at the table
I still have no solution to optimize this, except scaling down that I do often but not today

                CSIQ took a small 5 cents loss it just did not drop below 33.00

 BAX  still in this short lot of choppiness at HOD  but I think risk reward is not bad looking for drop to 67.50 risking 20 cents max or less depends how it holds 68.00. 1 hour left to EOD

BAX stopped at 68.21 ... 12 c risk t make potential 50 cents is worth it

Jun 10 Over-traded red day all short trades on big up day $SPY

When I do not tweet  my trades I tend to over-trade. Lot of early entries without conformations. Patience problem ?!?! Red day today ,all shorting,  considering SPY had nice rally after 4 down days in a row from a major technical support area.

4 losers one break even 3 winners

SPY held a important support

                                              ETSY loser    went in too early

                                              KTOS loseer no good short confirmation

                                              CMC    loser  too early entry

                                                NQ loser dont remeber why

                                                   SLF  no good confirmation for short entry

                                                 AOI   winner

                                                    AF a winner the only one I tweeted

                                               LAYN  winner  the all day fade

Shorting v.s Longing

This is regarding short term trading,  day-trading or so:
When going  long there are 8,000 stocks to chose from.
Where do you start?
Daily base break outs on stronger volume, continuations and so on is a way to go right?
 However there are tons of break outs every day simply the odds to be in few of the winners, the ones that you chose to trade are not so great and this is why: the odds may be 70:30 in your favor meaning out of 1000 break outs there will be 700 good ones (if so ). But you still have to chose that one trade out of the 700 good ones. However out of those 700 great break outs, lot  will happen so quickly that they will become more of a chase and you will miss them. Or even worse you chase them and you lose. So your odds decrease drastically.

The only moving power to go up are the LONGS who buy LONG. 

On the other hand is the shorting. From the 1000 long break outs 700 will make positive gains. From the 700 just very small amount will make a great rally, and as explained before, your odds to be in those few are not to great since you have to chose the few of those 700 that will make it big.
Possible but very tough.
You may say : "I'll go with the ones with greatest "volume buzz" right?
But the greatest "volume buzz" you will more likely miss because they will shoot up too quickly in the first few minutes after open. Then you wait to buy on pull back? ABCD pattern? So you already have much less to choose from. From those that will make pull back and intraday ABCD break out how many will keep going up after you buy?!? Who will buy after you? Are you quick enough to nail 'em?
Can you be in all of them?
I am not that quick and getting in many positions is not that easy, ( speaking for myself here)

Now let's look at the shorting edge:

From the 700 longs that you will have hard time to nail 'em, there will be very few that will make a big up move. So what I do is:  I just wait to see them. I am slow by nature maybe average  so watching fast moving stocks going up without doing anything is actually something I discovered I can do with great efficiency LOL.
Everybody can watch Formula 1 race!!! But not everyone can actually race! 

So from all of the 700 longs I will see the greatest ones. There will be very few. Maybe just one? Or 2? 10? Can I watch ten? With 5 monitors it is actually fun! Music in the ears, so I don have to listen  my monster PC fans LOL...so I do have the best movers out of 700! I could never guess them consistently if I was going long. But now guessing is out of the equation. I have what I need: the few biggest movers. 

 The main points here are: 

1) It is easy to see the few best ones

2) We know there is profit to be taken by the few longs who really got lucky to nail those few, so I don't have to worry about the mathematical odds weather I will be in few out of the 700 that will make it big (the challenge when going long)
3) The most important things are:

• the drop I am anticipating is created by two type traders: the longs taking the profit and the shorts who are anticipating the drop so TWICE the power then when going long only by the LONGS and 100s of times narrower selection of stocks comparing when going long so the probability of the anticipated moves down are just so much greater.

This is why shorting on a day-trade or any short  term trading frame mathematically works better ( for me) , as I'm someone far from too smart or  too fast. 

However for this to work a bullish market is needed to have good runners, good smart longs profit takers, although shorting in bearish market using different approaches works well too. 

It is not easy, takes a lot of practice, study, patience to learn the ropes to eyeball  the higher probability entries. For new traders trading small size with very strict discipline is essential.

Remember: if you try to learn to hit tennis forehand it will take you thousands of repetitions ! If you have to pay a lot of money  for each missed shot you will go broke before you even feel the sweet spot!

Conclusion: Day Trading is successfully using mathematical odds, equations. Less unknowns  you have better the odds. Shorting is equation with two variable known: Profit taking by longs and selling by shorts on symbols you know there is profot to be taken. When long , what d you know ? Fundamentals? Great, but they can be interpreted in so many ways as there many traders are out there. I need no fundamentals when a stock is up 20% in a no time. Somebody will take profit and I'm just there to find out when.

Salute and happy trading 😀🏧👍

Red day with REGI SINA VIMC IMGN

REGI  took a loss from 11.64  to 11.71  7cents

                                                              REGI

                                                         REGI  second try short

                                        REGI closed most of it left small for home run

SINA had a nice gain to only break even ..Taking profit my weakness is still not cured 100%

   

                                                                SINA

VIMC one winner so far , but not enough still need a one more good trade to  call it a day

 

                                                                 VIMC
IMGN took a loss

IMGN the loss