TorelloCapital.com

I've just been making small adjustments to my new little home on the internet. I should be able to trade on Monday and I've even been able to scan around for some possible short plays. Please visit my new place at torellocapital.com - I hope you guys like it! Let me know what you all think!

TorelloCapital.com

So I'm almost done putting the final touches on my personal blog. I decided to switch over because it's so much customizable. It's pretty time consuming and I have so much more respect for bloggers. I'm very serious about getting better about trading and putting my work out there for people to see...on my new website! What I especially enjoy is learning from my fellow traders out there - I've been learning even more! My website's almost complete, so I hope you guys visit me at torellocapital.com soon and let me know what you think! Thanks!

Position Update

No trades, no position currently held. I'm trying to set up my very own blog using my own domain instead of here on blogger, just like how Ramta has it. Pretty cool I think! As for now, I am working on moving onto my new, very own, personalized home at torellocapital.com. Phew...what a project for me as I've never done all this internet blogging before!

11.19 Watchlist - Aiming to Get Back On Track

GU - Closed green at 20.34%
RMTI - Finished the day green at 54.68% and up 91.46% since last Wednesday.
NUHC - Another stock with a crazy finish, up green at 46.00%. I hope someone can get shares and short the crap out of this stock.
PTIX - Crazy finish at the end of the day, closing green at 18.91%...just begging to be shorted.
TZOO - Closed in the green today at 10.00%. Otherwise the stock hasn't done a thing until today.
CCRT - End of the day spiker that looks to be a good quick short if shares are available to you.
HZO - Closed out the day green at 54.76% on no news. Any sign of red action is the go signal!
MNI - Finished the day in the green up 16.97%. This should be a profitable short if you can get shares to borrow.

Account Update - Green Streak Broken, Let's Start A New Green Streak!

I deserved the loss because I simply made my dumbest trade yet by chasing ABG on the way down. Dumb move on my part. Don't chase stocks. Don't chase stocks. Don't chase stocks. Don't chase stocks. Don't chase stocks. Don't chase stocks. Don't chase stocks. Don't chase stocks. On to the next opportunity.

Current account size: $13243
Account since start of October: $10000
My total gains: +$3243

11.17 loss short ABG: -$54
11.12 gain short HOTT: +$101
11.4 gain short PLA: +$236
10.31 gain short DIN: +$306
10.22 gain short TOMO: +$1286
10.17 gain short RDA: +$196
10.9 gain short TMA: +$606
10.6 gain short RZ: +$566

Position Update - What a Dumb Trade! Dumb!

ABG - I closed my short position of 1,000 ABG at $3.20 from yesterday during the last hour of the Tuesday's trading day at $3.24. I was able to keep an eye on the price action and volume with the help of my blackberry. The price was around the $3.20's most of the day and it would just not dip so that I could make an escape with the most minimal losses. The low of the day was at $3.11 and never even tested the $3.00 mark. Volume was creeping up steadily, so I already had a plan in that if by 3PM PST, I would get out quick! After commissions, I finished the day in the red at -$54. ABG closed the day strongly in the green at 13.83%.

This is what I did wrong:
1. ABG finished Monday very much in the red, double digits...and I chased it! When a stock is down big like how ABG was yesterday, I've made it a rule to not chase the stock on it's way down. Plaine and simple - I lost my trading discipline, chased it, and wound up on the losing side of the trade.

Position Update

ABG - I just shorted 1,000 shares of this stock at $3.20 with thirty minutes left in the trading day. I just wish I could have done it earlier in the day since this was an easy to borrow stock as well! It's down predictably red on the day. Also, the stock's volume has dropped off and it's been fading all day - we should have some profit in the morning folks!