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19 Jul

Tuesday July 19, 2011

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Back down to 2 open trades heading into today and to be quite honest I’m feeling good about that.

Monday once again proved that my luck is off by just a bit when my broker was required to buy in my 20k shares of POTG before it collapsed 20% for what would have been over $4k in profit. I’ve now missed POTG twice and LOCM once by just hours and it goes to show you how hard this game of trading can be. If you aren’t familiar with a short buy in it’s when a broker is required to buy your short back and you have no say in the matter – this is not a margin call.

After my short was bought back I couldn’t find shares to short again so I decided to flip POTG long in chat off of $.60 support and we made about 10% off of that in chat selling it around $.66.

Today I’m long 5k of MCZ at $1.46 and 10k of PPRTF at $.60.

Please be sure to check the calendar because which was updated last week. I’ll be on the road for about 3 weeks now and all things will remain the same expect that I won’t be in chat for trading during the day.

 

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