In the beginning of my day trading  journey using Timothy Sykes Tools I learned all about pump and dumps, but I never had the opportunity to short one. Well today with Interactive Brokers I was able to get shares. I tried to short when it was up at $8 but there were no shares available. The chart was looking over extended being up 100% on the day and knowing how the shippers have not been able to hold their spikes from DRYS a couple weeks ago I thought this is a great short. glbs-chart

Well I got shares to short at 7.17. I was trying for 700 shares and only got a partial fill at 500. Then as soon as I got my notification that the shares were sold I went to check the stock and boom it was halted.

Immediately I went and googled Nasdaq halted stocks an sure enough there was GLBS with the T12 code : Pending more news. Then there were rumors on Twitter it was going to be halted for 30 days. The last news that I had seen was there was a new executive joining the team and it skyrocketed from $3.80 up to$8 10:50-12:20. With such a dramatic increase in an hour and a half it seemed that is should pull back. So I thought this is a perfect opportunity for a short so I put in the request.

I was a bit hesitant that the stock was going to go up but it had already been halted twice during the day going up and usually I see the third time it tends to sell off. So as soon as I had the shares I shorted.

The afternoon was exciting while patiently waiting to hear why this stock doubled. The last time I was in a stock halted pending news it was ENF where there was news of them being bought out by a Japanese company and sure enough this one spiked once the news was released that the offer to buy them was confirmed.

So not knowing the news was a bit tense but exciting. Knowing that DRYS had just been through a similar situation and sure enough after the halt the stock opened down 50%. As soon as I saw the update on the Nasdaq site for the stock to reopen at 3:35 pm I went in search of the news that was released.

I found the news that they were due to issue shares at 1.60. I had an order in earlier to cover at 4.17  for a conservative $3 a share profit. Well I then saw on level 2 that the sellers lowered their Ask price to 4 so I dropped my buy to a more agressive 2.17.

I was actually on the phone with my husband when it opened and it was open at 2.88 for roughly 18 seconds before they halted the stock again. I thought ok it will continue dropping further so I was even more aggressive with 1.87 for my covereage. It reopened and started dropping. I saw it going down and thought I don’t need to be greedy I’ve already made over $2000 on a $3585 position. So I set a trailing stop for .17 and let it work. No matter what happened if it continued down I would still profit. So my position locked in profit at 2.795.

It was an exhilarating experience to have the opportunity to short a pump and then have it halt and go in the perfect direction and open with not a 50 cent gap but almost $5 gap.  I only wish my whole position had been filled. A great trade with 61% return on investment the same day.

As I always say Carpe Profit one trade at a time you will see them grow your account. The trades will not always provide a 61% return but they all grow your account.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

Working on my book  to be released this spring of 2017 available on Amazon and major retailers. Sign up here list for updates about when and where to preorder.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. Full Access Test Drive for $8.88 April 10-17th

Also testing out Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

 

As many of you saw this week DRYS went absolutely Insane going from $4 to $115. Now this is really a power of low float stocks that have high demand. Simple supply and demand. When there are only 386K shares available and the buyers hear it is moving and more and more people start buying the shares become more expensive. Since it was a low float stock there weren’t many shares to get borrow for shorting so as it sold off the same drop happens to the downside.

This stock is one that changed lives in a great way and a devastating way if you were on the wrong side of the trade. For all those that made great money. I applaud you and good job! For those that lost money. Analyze the trade and see what went wrong. Did you have fear of missing out or too large a position for the large $ swings the stock took.

DRYS was a stock in the shipping sector and as many saw when one stock in a sector is moving it will tend to have sympathy plays for other stocks in the same sector. So DCIX, TOPS, ESEAS and others that even had Ocean in the name all reacted sympathetically and shot up with their low floats.

Once DRYS was unhalted and dropped so sympathetically did the other Shipping stocks.

You will see these sorts of reactions when a major retailers, chain restaurants, gold stocks, or even cyber security stocks are affected. So it is good to know what stocks are in certain sectors. A free source to find them is on Finviz.com and you go under groups, overview and then simply click on the sector and those stocks will come up. It is a matter of preference how you like to look at them to analyze the information in a linear or chart fashion. Check it out and play around. The more you look for different ways to find information the more you learn along the way.

My biggest learning expereince and painful one at that was with RJETQ this week. They filed the good news that they will be emerging from Chapter 11 and then the bomb was revealed in their reorganization plan.

As you probably know I had avidly been following the whole process and looking forward to the filing of their emergence as a positive reaction show in the stock price to profit. Well this time around with an airline stock I did not have the same success as the American Bankruptcy emergence.

Here is the bad news for any share holders of RJETQ found in court docket 1189. Per my interpretation of the legal jargon. It took a couple steps for me to come to the conclusion that selling is the best option as from my understanding. If the court accepts this plan December 8th the stock could be worthless in my opinion

Step 1 was looking at 6.8

6-8-rjet

Where they say that All stock should be cancelled and cease to exist. I went back to research what the American Airlines Chapter 11 plan said and sure enough it had the same language. They usually cancel all the stock and if they do convert will reopen with a new ticker.

So next step was to look up the New Common Stock Interests.

common-stock

So from reading this it became clear unless the shareholders are part of the Class 3(a) then we do not receive anything once this version of the plan is accepted. So the next step is to see how as a shareholder we are classified. Onto researching as a stock holder in the explanation of terms from the beginning of the docket.

interest

And I found that as an equity interest (which was the verbiage used in the American Plan) we are considered Interest in this document. So then onto see how the “Interest” of RAH is considered underclassification.

 

class-5

 

And I see here that it comes full circle back to Clause 6.8  that all existing Interests shall be deemed cancelled and shall not receive or retain any property on account. Now I’m not a lawyer by any stretch and this is 100% my interpretation of the document.

As a result I sold my full position of RJETQ on Friday for a painful loss of 58%  which is my largest to date since my day trading career began. It was not an easy pill to swallow. You can ask my husband I was really upset to loose the capital for our family. This however was not a day trade and a long term swing. I think back to the big gain that I had with the American Bankruptcy where I turned 25K into 250K and realize it is small in comparison.

My lesson learned from this is be flat before the emergence from bankruptcy filing is already filed because the shareholders are the bottom of the list. As with every loss big or small or breakeven  I look for the lesson to be able to move forward and not get stuck in the past.

When your head is busy thinking about what you should have done it is not clear to move forward with making in the moment decisions to trade well.

For Monday I will watch for the most part and  I have my swing  of LOPE short from 56.14. I’m  looking for it to break down further as it is looking overextended on the daily chart and Friday was a second red day for the stock since the High of 57.47. I have a smaller share position to allow for more room on my stop.

 

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter, Instagram, LinkedIn and Facebook. carpeprofit@gmail.com or YouTube

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.

For my charting and level 2 I use Equityfeed.

This blog is for information purposes I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

 

 

sp-election

As a newer day trader with roughly 1 year of experience, I am learning to trade big events with caution. Trading through two major world events of Brexit and the most recent US Election has taught me not to anticipate but trade the action. Each day no matter what you must trade what the market is doing and how it is reacting instead of what you think it will do.

It was interesting to see the market react ahead of the the two major events and price the reaction into the market. With Brexit the markets anticipated Britain staying and so the market rallied and then the news came out with a reverse result and boom the market reacted with a drop.

Well the same is true for the US Election. When Hilary was announced to be investigated by the FBI the overall US markets began declining. Then the FBI cleared her and the markets began to rally again. As you can see from the chart about the market sentiment was that she was going to win and the market would recover. All was going well until the Election results started coming in.

I know of futures traders that banked big time on this one event. They sold short before the results and once Trump was leading the market futures began to drop down to the almost limit down maximum of 5%.Which would have potentially halted the markets for the next day. So When I went to bed around 2 am the markets were down roughly 4.6%  I think it might not have been the fact Trump was leading but the uncertainty of the results.

Since this was the first time I had traded through and election and also a dramatic one at that I knew Wednesday would be a day to trade super cautiously. When I woke up I saw that A. Trump was the confirmed winner and B. that the futures markets had started to recover.

You can see just how volatile Tuesday night was on the chart. Looks more like an EKG reading than the type of chart you want for a major index. So it tanked overnight came back to open up slightly. Dropped off again and then rallied the rest of the day. A day of major extremes in the market and with my style of reversal trading a great day to capture the reversals. I traded both long and short positions on Wednesday.

It is definitely possible to profit in any market any day, but it is all about your diligence. The riskiest time to every trade is your entry. So you want to make sure that you have a good stop either mental or if you are like me and need hard stops then a hard one. Once it goes in your direction I like the strategy of using a stop to protect those profits if it flips against me or taking 50% off at a consolidation point and a stop for the rest to protect the profits. It is always better to take 50% profit at a resistance point than zero profit and have it go back against you for a loss.

There is no need to be a superstar and try to rock each and every trade. The best way to rock each trade is to take a profit on it. Big or small they all grow your account. That’s why I always say Carpe Profit. Be happy with any and every gain. Over time you will become better at understanding the price action and capture more of the move. The stops will let you trade cautiously while locking profits.

The biggest hurdle each trader faces is themselves. Managing yourself will improve your trading. That is why I partnered with Mandi Pour Rafsendjani and we are doing a very valuable 6 week live or recorded Webinar Training about Day Trading and Trading Mindset. They go hand in hand and in understanding yourself you will be able to be a better trader. A inexpensive investment in yourself that will only improve your trading.

If you have been following me for a while you know that I enjoy helping others improve. It is amazing to hear the transformations that I have helped to inspire happen. We can all do what we put our minds to on a daily basis when we direct our energy there. It is a choice of daily decisions. How bad do you want that change in your life. Like a couch potato at 400 lbs saying I want to lose weight and become more active but day after day the same habits of diet and exercise are there. We make choices with our actions and through those actions we see change to make our dreams come true.

When you have a dream or change in life you want to see, it starts with yourself. Your daily actions and decisions determing if you will reach that goal. Each little step will help you get there. Give it time, be kind to yourself and acknowledge the little achievements along the way. Each small one gets you to the end goal. Each day is precious and you need to be kind and positive to yourself to get your end result of happiness in life in whatever form happiness comes to you.

If there are any women interested in the Seminar in San Diego Dec 4th, where I have been asked to speak by Trade Ideas, you can sign up here.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter, Instagram, LinkedIn and Facebook. carpeprofit@gmail.com or YouTube

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room.

For my charting and level 2 I use Equityfeed.

This blog is for information purposes I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.

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I’m very excited to share my experience and inspire more women and men to trade. Women actually make better traders as we are less risk averse. I will post more details as they become available. This idea  all started about one month ago when Dan asked me to share my experience to others as he has seen my progression over the past 8 months. For those interested in signing up you can go here.

It was back in March when Dan Mirkin CEO of Trade Ideas first reached out to me via Twitter about trying out Trade Ideas after he saw my budding day trading career. He is one of the few that supported my desire to succeed as a day trader from my beginning.

It has been quite a journey so far in the past year as many of you know. Changing my career to be a day trader. Having some amazing months and days in trading and then I found out I was pregnant with our second child. An amazing blessing to have another daughter on the way for her introduction into the world the second week of February.  Then I saw my monthly profits decrease over the past two months.

The past two months were definitely not as prosperous for me. I saw my strategy was not creating the same profits as it did before. My husband encouraged me to step away from the market when I had a red week which hadn’t happened in a while. In that time I looked at the year chart of the SPY. screen-shot-2016-10-28-at-4-05-58-pm

As you can see it was roughly the past two months that the market has been bearish. I posted this a couple days ago on Twitter and advised that when we break the 212 support we will definitely be in a bearish forming market. Sure enough the momentum is continuing downwards with the SPY closing down at 211.01 below that 212 support.

Now there isn’t a reason to fear a Bearish market it just means that the strategy that works really well in a Bullish market won’t be as successful in a bearish market. So this means it is time to adapt to the market. This adaptability will create a forehand and backhand to your trading style . I have been predominantly a long biased trader but I see from the past two months and today that longs are not performing as well as shorts. There is more strength on the selling side intraday as roughly 80% of the market will follow the major indices. So my bounces that I was trading aren’t bouncing as long and as strong with more sellers in the action.

Yesterday was the first day I really flipped my strategy and went short AKAM with clear indicators to me that the momentum was changing. 3 days that showed slowing volume even though the price was increasing with a top of a new 52 week high. Then yesterday it sold off from the 52 week high and day one  where it closed red and Today was the second red day selling off another for a daily price drop of 1.80. I did not trade it today and I’m learning that just as there can be a 3 strong up days it seems that there can be a second stronger red day. Time time to study the new market and analyze stocks reactions. I absolutely love the market and this job.

I saw this setup and had so much fun shorting. I shorted more today….INCY and SCAI. The shorts performed well. I also saw a bounce setup for YRD and it never bounced. and I ended up red for the day. Overall I’m red on the week by a couple hundred dollars but I see that it is because my old strategy just did not function.

There is always something to learn everyday in the market and if your trades are not working it is time to analyze the trades. That analysis can only help you and that is why I have partnered with my good friend and fellow female trade Mandi Pour Rafsendjani to create our 6 week Day Trading and Psychology training starting November 13th. You can see a sample of our encouraging style with this free webinar.

I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). carpeprofit@gmail.com or YouTube

Working on my book  to be released this spring of 2017 available on Amazon and major retailers. Sign up here list for updates about when and where to preorder.

The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. Full Access Test Drive for $8.88 April 10-17th

Also testing out Stocks To Trade that has a 1 week $1 trial 

For my charting and level 2 I use Equityfeed.

This blog is for information purposes I am not a registered securities broker-dealer or an investment adviser. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.