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!

11.17 Watchlist

Just a handful of stocks that caught my eye and I may take a position in on Monday...

SPA - Up green at 14.29%. This should be a great short if you can find shares to borrow.
DFT - Finished Friday green at 41.76%. Beautiful.
ABG - Closed Friday in the green at 13.76%. I'd like to see some red action first before taking a short position.
RAS - Had its first red day at -17.79%.
SGMO - Also had its first red day at -9.09%.

11.13 Watchlist

SNMX - Finished the day green at 2.00% even after starting the day in the red. It's had a five day winning streak, so I'm keeping an eye on this one still. Still a lot of volume holding this one up though and I'd like for it to die down much more.
PLA - Look who's back from the dead, with a 14.29% pop finishing Wednesday in the green on earnings related news however.
IPSU - Finished the day in the green at 14.20%. This stock hasn't been at these price levels in a long time and hopefuly interest dies down a lot more.
ATRC - From my yesterday's watch, this stock had it's first red day at -7.50%. Nice!
HQS - I try my best to stay away from earnings related plays, but after a huge pop Tuesday, this stock had it's first red day today at -4.31%. Other than Tuesday, this stock hasn't done much - exit bitter shareholders. This "company" is an integrated aquatic product producer and processor in China of toxin free tilapia, other aquatic products, and marine bio and healthcare products. Ha ok, whatever that means...but I swear those Chinese related companies are the shadiest!

Account Update - Slow And Steady Wins The Race!

Remember the children's story of "The Tortoise and the Hare"? My tiniest gain to date happened today at $101. I always look on the bright side...it's still a gain no matter how small!

Current account size: $13297
Account since start of October: $10000
My total gains: +$3297

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 II - HOTT Daytrade, Not So Hot Exit

HOTT - I used a daytrade to get out of HOTT with twenty minutes left in the trading session, which I entered about thirty minutes after this morning's opening. My exit could have been much better, but this stock is holding up well at the end of day, so I'm walking away with a small gain of a whopping $101 after commissions. Otherwise, the chart was nice, predictable, and boring until the last hour. When it gets unpredictable and the trade starts going against me, that's my cue to exit. My exit could have been much better, such as when there was a small increase in volume about an hour ago, but that's all in hindsight to me. Oh well, on to the next play folks!

Position Update

HOTT - I just took a short position of 500 HOTT at $6.95 at 7:10AM PST. I observed this stock to see if it had enough strength to get above the $7.00 mark, but so far it's stayed under just like it did last Thursday. I'll keep a very close eye on this one.

11.12 Watchlist - Come On Red!

I scanned and scanned quite a number of stocks, but I only found a few that really caught my eyes. I try to be extremely picky in order to minimize risk to my account. I haven't been able to trade as much as I would like to because of my school obligations, so I'm hoping there are great trading opportunites out there tomorrow morning. Here we go...

SNMX - Finished the day green at 21.95% with a green streak up about 55% since last Wednesday. I'll be watching this if it finally runs out of steam. Any sign of red should make this a good short play.
HOTT - Closed out Tuesday in the green at 16.01%. If this stock cannot hold $7.00, then I'll jump on it and ride it down.
SIRF - It's first day in the red, closing out at -9.33%. Lots of luck trying to find shares for this one!
ATRC - Up green about 40% since last Friday while closing Tuesday in the green at 15.27%.
FSE - A nice boring stock that hasn't done a thing until it finished green today at 21.17%. Lots of luck trying to find shares to borrow though!
CPHL - It's first red day at -1.57%. This is the biggest company on my list with a 408M marketcap, so I'd like to see this stock lose more steam.

Position Update - Great Monday Calls on These Bleeders!

No position - I woke up too late this morning to borrow shares! I hope you guys made some cash on these calls though!

NCT - Wow, this one closed a very red -33.75% If I only woke up earlier!
SIRF - This stock closed barely red at -1.32%, it's first down day today.
NCEN - This 26M "company" finished Monday red at -12.41% today after a one week green streak.
ZYXI - This slow moving stock closed Monday red at a solid -3.23%. Plenty of downside left if you have patience.
CNO - Like I said yesterday, if it didn't break the nice $3.00 mark, it would be a great short! Another nice showing of red, closing Monday at -16.20%. I hope someone enjoyed the ride downward and made some cash! This stock shows exactly why Muddy and Laura have taught me to pay attention to the first hour of trading because it offers clues to where the stock might be heading for the day.
RAS - Another one that closed very red at -26.14%. I hope someone made serious cash from this play!
AFFM - This stock was in the red for most of the day with a low of $1.37...until the last hour of the trading day barely finishing green at 0.58%.

11.10 Watchlist For This Wall Street Junkie Going Through Withdrawals...

I haven't been able to research as much and enter any plays for the past few days because of school, but here are a handful of stocks that have caught my eye. Hopefully there will be an opportunity to make a solid entrance into one of these plays tomorrow. Unfortunately, these plays are hard to borrow. We shall see then. Otherwise, let's make a pile of cash...

NCT - Closed green on Friday at 46.52%. These plays with the crazy price spikes at the end on the day are becoming my favorites. This should be an easy short from the opening bell. The hardest part of this play is trying to find shares to borrow. I'd like to enter this play out of all the ones listed here.
SIRF - Ooh a nice boring flatline of a chart that hasn't done much except for a big spike last Friday, up green at 23.20%.
NCEN - Has been climbing steady since last Monday, up almost 129% for the week! Any sign of red would be great. I hope this runs out of steam soon.
ZYXI - Has had a three day green streak up 65.78% since Wednesday. I'll keep an eye on this one until it loses steam.
CNO - Closed green at 35.89% last Friday. This company announced earnings last Thursday. I'm gonna watch it right out of the opening and if spikes but cannot break $3, then I'll ride this stock downward.
RAS - Finished Friday in the green at 15.44%. This might spike in the morning, just like the past few openings...then I'd short it while keeping an eye the volume during that morning spike.
AFFM - This 27M "company" hasn't done a single thing until it finished Friday green at 38.64%!

Account Update - November Off to a Positive Small Start

I was lucky to make a profitable scalp of PLA by closing my position before the close of Wednesday's trading session. First, I felt that I had a decent short position, but the stock wasn't fading like I had anticipated. It was also green for the day, yet still lower than my entry point at $2.43 from Tuesday. Technically speaking, I was still on the winning side of the trade and so I held and watched very closely. The stock did fade after lunchtime along with lower volume, so I planned on getting out at the end of the day and not holding into Thursday's earnings report. Always have an exit strategy or an escape contingency before or as soon as you enter a position. It's not a big deal to me if my current trade wasn't as profitable as I wished it could be, whether it be $50 or $500. If a trade's not going to what I had anticipated, I'll be glad to take my coins and move on or take a small loss. If it's a winner, I'll let it ride until the day the stock turns green. The beauty of Wall Street is that there's another opportunity to profit coming just around the corner.

Current account size: $13196
Account since start of October: $10000
My total gains: +$3196

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 - No Trades For Me Today

I didn't get to take any positions today because of a busy day at my primary job followed by a long day at school attending class as well as prepping myself for medical school applications. Let's see how the day's plays went:

GPCB - Holy crap this one got annihilated! It bled and it bled good, closing the day down -30.25%! You have to sacrifice your beauty sleep and reserve these kind of plays very early. I'll sacrifice sleep for a few hundred dollars anytime. I hope someone out there got a pile of cash out of this play!
ENOC - This one actually finished green for the day at 4.09%. Nice short scalp after the morning spike early in the trading day, but that's it. The chart's too unpredictable for me now. I like boring charts.
NGA - This stock was a good short scalp during the beginning of the trading day. BUT now the chart looks very unpredictable, finishing the day green at 17.46%. Too unpredictable and risky now - I especially don't try to short stocks that show strength and finish green on the day while the Market is down big because they have burned me before.
CCRT - Another stock that got drilled, closing very, very red at -30.63%! Those insane, irrational spikes at the end of the trading day happened at the close of Tuesday AND Wednesday! To me, these are "gimmes" even though earnings were just yesterday. I love these plays because nothing justifies the end of the day price action and they rarely hold up! If you were able to find shares during early premarket, I bet you made some cash. Wow!!!
RZ - If you were lucky to find shares, this one closed red at -11.24%! Check out RZ's chart today - I only take a short position during the first or last hour of the trading day in order to protect my small account from intraday variables.

11.6 Watchlist

GPCB - Finished red at -12.77% today and was on my 11.5 Watchlist. The stock hasn't done a thing lately except that pop on Tuesday.
ENOC - Another stock from my 11.5 Watchlist that finished red at -15.59%. Its first red today and it should keep bleeding out.
NGA - Also from my 11.5 Watchlist that should continue in the red. This stock closed Wednesday red at -11.67% for its first down day.
CCRT - On Tuesday, it had an insane price spike at the end of day; then it opened way below it of course. It's deja vu into Wednesday's close. This would be a very nice early premarket short with a small position I'd have to say. I might have to burn a daytrade on this one. To the early bird...
RZ - Closed barely red at -0.19%. I'll keep and eye on this one and see if it as another close into the red.

Position Update - PLA Scalp

I just closed my short position of PLA with fifteen minutes left in the trading day at $2.18, with a profit of $236. My exit could have been much better, but I wanted to definitely get out before the earnings report tomorrow. I don't play earnings because it's basically a crapshoot if you do play earnings; very risky. Nonetheless, I'll It's better to walk away with a little something instead of a loss, even though I do love how the stock is acting toward the close of the trading day. Oh well, on to the next play.

11.5 Watchlist - Holding Short PLA

PLA - Finished red at -6.42%. I'm short 1,000 PLA at $2.43 since this Tuesday morning. Come on red!
GPCB - Wow finished the day green at 132.19%. Wow that's crazy.
PRSC - Another wow for a stock that finished green at a crazy 92.59%. Still a lot of volume though.
ENOC - Closed the day green at 35.04% on no big news. Only it's first day up though folks and it would be a risky short because there's no sign of red...yet.
NGA - Ended the day green at 27.53%. Any signs of red will make this a great ride down.
CCRT - Closed the day green 32.30% because of the completely absurd price spike during the last ten minutes of the trading day. I'd reserve this stock and short it if I wasn't in PLA because the early bird will get the cash in this one.

Position Update - Short PLA overnight

PLA - Closed the day red at -6.41% today. I waited a five minutes to see if the prices would have an opening spike just like yesterday and I jumped in after five minutes of the opening bell with a small, conservative position. My short entry could have been better, but I felt great about my entry of 1,000 PLA at $2.43 this morning. This might have a little more downside left tomorrow, but so far I am sitting on an unrealized gain of about $233.
LCAV - Was red all day except for the last ten minutes of the day, probably because of the short interest in this stock.
ZINC - Barely finished green at 0.86% today after battle back from the red. The intrad chart looks unpredictable now and it no longer catches my eyes.
NAK - This stock was strong today and finished green at 17.15%. I know a lot of people shorted this into yesterday's close. The chart looks unpredictable to me now.
VHI - Even though this was red for most of the day, this stock closed green at 5.51% because of the price spike during the last fifteen minutes of the day. I'll wait for an afternoon fade before I even try to short this one.
LNG - This stock has been climbing steadily and today it fell off the cliff, only to rebound into the close! It reminded me exactly of how I played LBAS a few months ago, going long and with a tight trailing stop just in case it fell off a cliff...and it did! It closed red at -10.96% still.

Position Update

I just took a short position - 1,000 PLA at $2.43 and 0635AM PST. Here we go...

PLA - Short position still looking safe.
LNG - Wow, just like LBAS a few months ago with the steady stairstepper chart. Like LBAS, the stock eventually fell off the cliff. Tight trailing stops are the way to play these steady climbers, just like how I profited from LBAS a few months ago. It was just a matter of time until LNG went red.

11.4 Watchlist

I had to step away from trading today and do some school projects that involve my applying to medical school. I didn't get to scan as many stocks as I usually do and I know there are much more plays out there. This is my shortest watchlist thus far, but here are a few stocks that I'm going to watch for some red action for Tuesday with the hopes I can start November in the green:

PLA - Today was it's first down day, closing red at -5.26% today. The chart hasn't done much until Friday, so I'm looking to take a short position and ride it down. I'll be up early reserving shares of this stock to borrow. The early bird gets the cash, not the worm, in my world. What a beautiful chart, by the way!
LCAV - Closed red at -10.82%. Another beautiful chart!
NAK - Another beautiful chart with its first down day closing red at -11.71 today!
ZINC - Closed barely green today at 0.29%. Up about 53% since last Tuesday, so this stock might be running out of gas and it could a short in the very near future. I'll be watching this one, hoping it finishes red for the day.
VHI - Up about green about 85% since last Monday and finally red today at -1.12%. Nice looking chart also. I tend to shy away from companies over 1B in market cap, but that's just me. I'd feel better taking a short position after another red day following an afternoon fade though.
LNG - This one's still climbing, up green at 19.52% today and it still has lots of volume. I actually had the thought of playing this one like I did LBAS a few months ago, riding it up with a tight trailing stop. I profited by going long on LBAS for a few days.

Account Update - October - Up Almost 30%!

Since restarting, rethinking, reevaluating, readjusting, redefining, restrategizing, retooling, and refining my rookie trading skills, October was perhaps the best month I've had since last October when I made about $8K and last December when I made about $19K. As one can see, I believe by staying disciplined and patient, my trades will be much more solid and the gains will take care of itself. I never felt the need to force a trade or to trade just for the sake of making a play. Learning from much more seasoned traders such as Tim, Muddy, and the rest of the folks from GOTS as well as listening to other traders, I am determined to become a much better and more profitable trader. I have taken a boring, yet cautious and more methodical approach to my trading style and my stress level is at an all time low. I've only had whopping five plays during the month as a result of taking a more disciplined and patient approach in order to protect my capital. I can go through several dozen charts at a given night, but being extremely selective helps preserve my capital. I ended the month luckily escaping with a profit that should have been much bigger, but a gain's a gain no matter how small and I'm up almost 30% for the month of October. Patience, discipline, and selectivity play a huge part in my trading strategy.

Current account size: $12960
Account since start of October: $10000
My total gains: +$2960

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