So, I lost $600 today. First, TSLA triggered my $5 trailing stop...spent $370 to get in, $200 to get out. Ouch.
Then I had placed an extremely risky (as it turns out) options position at 2090/2085...puts. Market sliced right through it. Sold for a $500 loss. After its all said and done I'm now $1000 in the hole.
The uptrend is starting to wane. I would be very careful and consider shorting soon. Will probably do it on my paper account just to practice.
Neuroderm: crazy day. Saw the news blurb in my feed but ignored it. Should have looked. Holy smokes!
If it keeps going up tomorrow morning I will jump on the band wagon as things often go up for more than one day, although we've undoubtedly seen the most of this rise.
For tomorrow...time to paper trade! Just looked at FinViz unusual volume and here's the results:
I need to look for unusual volume each morning and jump on things such as Neuroderm.
http://finviz.com/screener.ashx?v=320&s=ta_unusualvolume
The following look good and I will put $1000 paper trades on all of them with either stock or options and see what happens:
UP:
SIGM
CHW
RUSS
IMRS*
CJJD
MCR
ACU
NDRM
DOWN:
VSCP
PKO
ARGS
PTY
GNBC
ROIA
SPP
THRK
SYNC
MIN
WDIV
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