Updating Covestor again
For a while I stopped updating my Covestor account because it just got too tedious. With all the trades I was doing with Cy Group, it was a pain manually entering my trades each day (Covestor can’t autoupdate with Cy Group). I’ve decided to start keeping my Covestor account up to date again, but it will only include performance in my Interactive Brokers account. Since I only do about 3 trades per week in this account, it will be much easier keeping things up to date. Once again you will see this widget over on the side of my blog. ...Continue Reading...How to Make 20% on One Trade
Yesterday I had the pump and dump NXTH on my short watchlist. Luckily Interactive Brokers had borrows this morning, so I grabbed some at the open. The borrows were gone not too long after that. I shorted at 2.40. It hung around 2.42 – 2.43 for a while, then the dump came. I covered half at 2, and waited to see if it would fall further. When it didn’t, I covered the rest at 2.05 for a nearly 19% profit. ...Continue Reading...
OT: Mac vs PC Wars….Who Cares?
With the release of Windows 7, the Mac vs. PC Wars are in full force. Now, I’m not talking about the market competition between Microsoft and Apple. I’m talking about the war of words between the users of their products. For example, go on any Windows 7 review board and you’ll see Mac users jumping into the discussion and talking trash about the product, Microsoft, and PC’s in general. Listening to people argue over whether Macs or PC’s are better is like listening to Democrats argue with Republicans. My response to all this commotion…..WHO CARES!!!!?????!!!!! Seriously, why should a PC ...Continue Reading...Watchlist for Friday October 30th
NXTH is the only one on my short watchlist. Good luck finding borrows, though. ...Continue Reading...
The Way to Make 60% in One Day (If You Can Find Borrows, That Is)
If you had shorted this stock today, you would’ve made 60% on your position. This stock tanked from nearly 3.50 to under 1.50. If you had shorted it, you could’ve made nearly $2 per share. Unfortunately, my broker (Interactive Brokers) didn’t have borrows, but I do know of some people who did get borrows from other brokers (like Sogotrade) and banked on this play. Look at this chart…..the very gradual stairstep pattern, with practically no red candles. This is a stock that is being manipulated and pumped higher. This is a pump and dump. As the stock price gets manipulated ...Continue Reading...Tuesday 10/27 Watchlist
Yesterday’s watchlist turned out pretty decent. Unfortunately I only played one (RDCM) and broke even (though I should’ve held). AEMD had a nice afternoon fade but I wasn’t around to play it as I was having internet connection problems after having upgraded to Windows 7; I was randomly losing my internet connection (turns out that Linksys has yet to produce a compatible driver for its WUSB600N even though they’ve had MONTHS to do it…I ended up getting a Linksys WET610 Ethernet bridge today and that solves my problems). MEVT continued to tank but unfortunately Interactive Brokers didn’t have any borrows. ...Continue Reading...Monday Oct 26 Watchlist
MEVT would’ve been a great short from Friday’s watchlist; I tried to short but I couldn’t get filled and the borrows disappeared. RDCM would’ve been good if you were quick to short out of the open, but I missed it. I did try CASB but it didn’t do much and I broke even on it. Tomorrow’s watchlist: AEMD MEVT RDCM CASB TMI AWSL ...Continue Reading...
Position Sizing
Dr. Brett Steenbarger recently made a good post on the psychology of position sizing. Check it out. I know personally that I’ve gotten shook out of winning trades when I had position sizes that were larger than what I should’ve had. I’ve really been paying attention to position sizing the past 2-3 weeks. I size my positions according to risk and volatility….the more volatility, the smaller the position size. However, I have a certain max position size that I will not exceed, even if the risk and volatility are low. This has really been helping my trading and helping me ...Continue Reading...Friday October 23 watchlist
AWSL would’ve been a great short off of yesterday’s watchlist, but there were no borrows. CHFI would’ve been OK but you would’ve had to have been quick out of the open. I did try shorting CASB but took a loss on the choppiness. Overall a small loss today….longed a bunch of preleaders, which was OK, but also played some longs off the scrolling HOD list that I shouldn’t have played. No positions currently. Tomorrow’s watchlist: MEVT RDCM CASB ...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. 
