Sorry for the Lack of Recent Blog Posts
Sorry everyone for the lack of blog posts recently. I’ve had a ton of things going on in my life, including an upcoming baby and also just moved into a new house. We still need to get our old condo ready to rent out, and we’ve got tons of updates that we want to do to the new house as well. I also haven’t been in chat much because my work schedule has changed, and I now work from 6:30 am PST to 3 PM PST. With the new house, my commute became a nightmare so I had to change my schedule ...Continue Reading...Week In Review 7/2 – 7/6/12
Nice profitable week this week, although had a big red day on Friday thanks to two big stop outs. Highlights of the week: Winners: OSIR was a big winner for me this week; I had sold the 15 calls last month for an average of around 70 cents. I covered them at 10 cents this week. Synthetic shorts and selling call options can be a good alternative to shorting a stock when you can’t find the borrows. I also find it’s good for “shorting” what I call “grinders” like OSIR…where it just keeps hitting new highs day after day and ...Continue Reading...June 2012 In Review
Sorry for the lack of posts the last few days. I’ve just been really busy. I’m not sure I’ll be doing daily trade recaps since I’ve got too much going on. For now I might just stick with weekly and monthly recaps, highlighting some of my important trades of the time period, both good and bad. June was a nice profitable month for me with a 5-figure month, although not one of my best. Stats-wise I didn’t perform as I would like to; I did not meet my 70% winning trade goal (although I wasn’t too far off), and my ...Continue Reading...Trade Recap for 6/26 and 6/27/12…Not Letting Winners Run!
Uggh…made money both days but not nearly as much as I would have had I let my winners run. On 6/26, I had a swing long 4000 shares in IMSC from a 1.07 average. I let myself get shaken out on the opening dip at 1.15. Normally with these I sell half on the gap up at the open, then keep the other half with my stop at entry. I did not follow my plan, and I exited without even having an exit signal. IMSC hit the 1.30′s and nearly 1.50 today. Also frustrated with LXRX. I had 5000 shares ...Continue Reading...Trade Recap 6/25/12
Today’s gains came from CAST on the chatroom alert. I initially longed it at 0.37 on the morning wash, and added some in at 0.35 and 0.36 as it stabilized. I then sold at 0.44 and 0.45. I went long again on the afternoon perk at 0.5, and sold half at 0.63 and the other half at 0.72. My gains were cut into somewhat by a loss on a LXRX long, going in at 2.02 and exiting at 1.95. Also had a tiny loss on swing short in EAHC, covering at 0.297 from a 0.26 entry. P/L: $506.55 ...Continue Reading...
Friday and Weekly Recap for 6/18 to 6/22/12
Had a pretty good day on Friday to make up for the week’s earlier losses, so I was able to finish green on the week. I covered a swing short in SEFE at 0.385 from a 0.38 entry for a tiny loss as it wasn’t really breaking down. I covered a swing short in MITK; I had shorted 2K shares on Thursday on the afternoon fade at 4.28, and covered half at 4.07 and the other half at 3.84 for a nice gain. I had a tiny swing short in ISCO that I covered at 0.38 from a 0.4 entry. ...Continue Reading...Trade Recap 6/21/2012
Shorted some MITK into the morning spike at 4.60, but it was holding up so I covered at 4.60 for scratch. I reshorted at 4.46 on the lower high, with a stop above the highs, and got stopped out on the second spike later on. I’m actually going to stop shorting morning spikes on a “lower high” signal, because I’ve found it’s not profitable for me from my accumulation of trade statistics on that pattern. I did reshort it again on the afternoon fade at 4.46, and covered at 4.23. P/L: $232.60 ...Continue Reading...
James Krieger is a part-time day and swing trader, trading stocks in the "gutter" of the stock market, which are primarily penny stocks, smallcap and microcap stocks, and "pump and dumps". However, James will occasionally trade larger companies. 
