Lots of plans and discussion on some biotechs and shippers. Long session but I started out in early premarket building a watchlist then came back to lay out plans on shippers etc.
11/23/2016 7:15 AM MDGS
11/23/2016 8:37 AM SKLN Weak open red to green, ONLY trade plan right there. I’d rather miss the short than get stressed torched.
11/23/2016 8:40 AM NSPR watching around $3.50, but volume has petered out a little.
11/23/2016 8:47 AM MDGS look to buy into $1.50 break with risk on $1.25
11/23/2016 8:48 AM ETRM GOLF
11/23/2016 8:48 AM GOLF weak open red to green.
11/23/2016 8:49 AM LEDS potential momo play on $5.50 break, otherwise watch for weak open red to green.
11/23/2016 8:50 AM OPTT KTOS
11/23/2016 9:01 AM ESEA news VERY dubious, but doest not mean this cant run, ONLY buy tips with a solid plan. All shippers could pop and fade. They are all dying longterm business’s.
11/23/2016 9:02 AM OPTT weak open red to green
11/23/2016 9:03 AM MDGS ESEA NSPR main watches at this point.
11/23/2016 9:17 AM NSPR held $3.50, MDGS still stalking $1.50
11/23/2016 9:17 AM ESEA maybe a starter size here with risk on $3.39
11/23/2016 9:18 AM All shippers in play focus is on ESEA because of DIRECT news and volume
11/23/2016 9:25 AM ESEA interesting here @ $2.60, with risk on $2.45, starter size still pre market. Add to winner.
11/23/2016 9:28 AM Strategy Session – How to execute orders efficiently and prep.
stt_user_54239> how do you setup your buy orders
<stt_user_54239> as far as efficiency goes and speed
Discuss “Having STOP trigger order waiting sitting on MDGS from Wed”
stt_user_54239> do you have to wait until the first order fills beofre you can set up a sell order. sorry last question
11/23/2016 9:34 AM NSPR was a good quick runner, but faded, focus on shippers. Kick NSPR even if entered @ $3.50 MDGS same
Discuss sector rotation and now quickly biotechs pooped out after Shippers got hot.
5min candle theory discuss in strategy – technical analysis
Dealing with losses – the reality
11/23/2016 9:41 AM ESEA potential buy @ $3.40 with BULLETPROOF risk on $3.20.
If they turn its gonna get U G L Y fast.
11/23/2016 9:48 AM MDGS NSPR main watches for holds. Shippers are ignore, UNLESS they warm back up (new highs etc)