November Recap; Current Swings

Since the shipping season ended in early / mid November, I have been doing a poor job at updating this trade log. Hence, posting a recap of entire November for archives.

In summary, did a bunch of poor trades which didn’t help my account much. November was overall very choppy in the markets so that didn’t help the cause either (daily $SPY chart below).

For my trades, it was not as much of not managing risks correctly but was more around wrong position sizing and rushed entires. Around mid-Nov, I started building a basket of stocks for China theme ($CREG, $CNET, $CCCL) given the G20 meeting end of November. Idea was to anticipate a run up in China stocks leading up to the meeting but they never saw much volume so I booked losses and got out. I never planned to hold China stocks going into the meeting so I followed the plan there.

If G20 meeting goes well, December could see some nice runners. I have got two current swing ideas in the account:

• $NDRA: expecting human data in December; financing out of the way. Long 10K shares at avg. $3.34

• $FRSX: they have a big demo / investor presentation / business update coming up on Dec 17 in Israel. Company also presenting on Dec 5 at another investor event in LA. Could see some volume in anticipation of the event. Stock very illiquid as it stands but my entry is near 52 week lows so very little risk holding here. Long 5K shares at avg. $2.32