A mistake that I may get nice redemption for
Yesterday when I posted my month in review, I didn’t think I would be making any trades today, so I figured I was done for the month. However, I had VCSY on my radar as a potential G-Pattern setup. VCSY went vertical a few days ago, looking awfully like a pump and dump. In fact, it was very much looking like the start of a Supernova pattern that Timmay likes to short. However, it’s managed to hold most of its gains, and has been consolidating. The G-Pattern is a pattern recognized by a trader nicknamed EliteG, who has posted over ...Continue Reading...July Month in Review
Despite numerous mistakes, July ended up being my best trading month so far. I still have improvement to make, but I’m getting better. Here’s my stats for the month: Starting account value: $4856.64Ending account value: $6098.42Total gain: $1241.78Total gain (%): 25.6% Average daily return: 1.79%Average daily P/L: $59.13Annualized return: 652.3%Sharpe Ratio: 2.50Sortino Ratio: .0016Maximum drawdown: -22.06%Total commissions paid: $933.90 Total # of trades: 23Total # of winning trades: 10Total # of losing trades: 13% winning trades: 43.5%Average # trades per day: 1.1Largest # consecutive winners: 4Largest # consecutive losers: 6 Positions held long: 18Positions held short: 5 Largest winning trade: ...Continue Reading...Perfect exit in the gutter
Yesterday I mentioned how I had my eye on RDN and LCC for green. RDN went red at the open, but LCC went green. I jumped in for 500 shares at $5.29. It spiked, then had a brief dip and went red for a little bit. I almost got shook out. I actually had an order to sell my position for a small loss but the price went below my limit order, so my order didn’t execute. I canceled the order, and the price came back up. The price ended up going all the way to $5.80. Judging from the ...Continue Reading...Nothing exciting in the gutter
Yesterday I bought BIHC, OFI, and ALDN. I couldn’t watch BIHC this morning, and I was concerned about the fading trade volume, so I put in an order to sell my position at the open. I got filled at 5 cents, for a measly $40 profit after commissions. I paid $40 in commissions alone which took half of my profit since I only had 20,000 share position. I wish I had taken a bigger position in this yesterday to help offset the high commission. BIHC dipped briefly but then ran up to 5.8 cents. It hovered in the mid 5′s ...Continue Reading...A lot happenin’ in the gutter
Today started out with more missed opportunities. XOHO was announced as a prehit in Mike’s chatroom. They had very positive financial news. XOHO opened green, but there was hardly any volume for the first 3 minutes or so, so I decided to look at other plays. Big mistake, because volume came in only minutes after I stopped looking at it, and XOHO ended up running past 70 cents. LESSON LEARNED: Just because it doesn’t open with good volume at the very beginning doesn’t mean it won’t move. Keep your eye on the prehits. BCRX was another prehit, in combination with ...Continue Reading...Setups for Next Week in the Gutter
In my last blog, I mentioned how I bought 1100 shares of GFRE before the market close. While this is not a Timmay-pennystocking-type breakout setup, it is a solid technical play with a good risk/reward. Typically I don’t play bottom reversals. However, there are high probability setups in some of these bounce plays if you look for the right things in the charts. In fact, my biggest gainer since I started trading was UVSE, which was a bottom reversal. GFRE is a strong technical setup. You can see in the chart that there was a strong bounce on July 21st, ...Continue Reading...Friday’s Gutter Review
Friday was a bunch of missed plays. On Thursday I mentioned how I tried to short RDN into the close, but no shares were available to borrow. I was able to find shares before the market, so I reserved 1000 shares. RDN hovered around $2, but then quickly tanked to $1.75…too fast for me to get in there. I should’ve just jumped in at $2 as it was close to what my entry would’ve been yesterday. So I missed out on a quick $200 profit. Tony Ellis, one of Tim Sykes’ DVD students, mentioned ZYXI in Mike’s chatroom as possibly ...Continue Reading...Silence in the gutter
No trades for me today. On my watchlist for tomorrow: EFFC to break out of its pennant formationRDN short under $2 (tried to short into close today but no shares available to borrow)GSPG to break out of its consolidation patternHYHY to break above $1.50, or short if it fails to break itGRH as a potential short ...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. 
