Review of my Stock DayTrades for Monday October 31, 2016.
My day online with wallstreet started about 8 hours before market open… getting my Pre Market Report ready… because of course it was our first day in our new chat room!
And ohhhh it was a good one (the premarket report)… and then WHAM! we were given our first opportunities in patience this morning when the internet throttled everything … I mean everything we were doing (my mobile couldn’t even run my twitter feed for the first hour let alone bandwidth intensive software), we couldn’t onboard many guests and more lol… so it will be nice when our permanent offices here are set-up soon. Until then we will continue on (with some minor aggravations like limited screen share but most issues we have arranged temporary solutions to get by).
Anyway… it actually worked out ok anyway because the market was really quite in the morning – especially the momentum plays… they did come alive but faded and there was no power hour to speak of. I did have the miners set for a possible buy and they did run – but I would have been light because I am pensive about running too far with them too fast – but soon I think they’re gone along with metals…. so it is a balance.
The stock scanners are working really well (here’s a free stock scanner from Finviz if you’d like), that was proven in the room this morning. I looked on my Twitter feed (did symbol searches to see who was on it first) and our alerts with momentum stocks were within seconds of the first alerts – which considering that is not our primary trading thing… not bad I suppose.
$BCRD was the first momentum stock with a halt. I took an entry at 10.46 (missed the initial spike after halt – it really hit unusually hard there)… then added at 10.61 looking for follow through to 10.94.
Of course in the chat room the folks in there knew in advance of my Twitter stream what I was doing and where I added and where I was trimming. The voice broadcasting in the trade room seems to be an asset for sure – I think I and the other traders will find it useful (very quick and efficient and right on top of the action).
Then $NVCN was on a rocket ship…
And there were other plays – so we shared the charts, some voice broadcast and plays on $INTX, $HMNY, $NTD, $TWTR, $CETX, $BRCD, $NVCN, $ATOS, $AUY and my favorite miss of the day YUP because I was distracted $JNUG and I guess $TVIX or $UVXY.
Crude Oil $USOIL $WTI
Crude had an awful day but it gave me a chance to trail out of my large swing position in $DWTI from a few weeks back in 1/3 chunks so that worked really for me – for my second win of the day.
Through-out the day in the room I was looking for a bounce in crude over and over again because of course it normally bounces at trend-line support, Fibonacci retracements, or algorithmic trend-lines…. but nope it did not so I did not take a day-trade on $UWTI or any oil small cap stocks etc.
I see this evening it did get lift and IT GOT LIFT RIGHT WHERE I WAS GOING TO TAKE A TRADE EOD in the chat-room but decided against it.
The mornings pre-market report will be YUGE!