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