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

Flipped $DCIX; bought $GNMX, $IMDZ, $BIOC

Sold $DCIX the next day in morning spike when I thought the momentum was not holding. Probably made like 8¢/sh. Will keep on watch for re-entry for the upcoming shipper’s season in November. May have to get $DCIX at a premium later but decided to use funds elsewhere for now.  

Added to $GNMX position. Now have avg $1.27 with 15,000 shares. I think I’m in this early so one mistake off the bat is over committing my capital to this one trade but I do like the entry spot before volume comes in this name. This could be a multi-week swing for me. Support is at $1.20 and then $1.10 on the daily. Needs to break $1.30 to get traction on the chart. 

Started scaling into $BIOC. Beat down chart and a tiny float. The co recently announced a patent in Japan but has seen no share price appreciation. Recently did a small financing at $2.56 so I think there could be a squeeze here. Currently holding 3,000 shares at $2.28. Would like to add 2,000 more shares. 

Bought 10,000 shares of $IMDZ at $1.66. This is a biotech that has data coming up around Nov 7. Could see a run-up into the catalyst. Gap-fill idea above $1.90 on the daily as well, if it gets there.  

Over-trading; Bought $GNMX and $DCIX for a swing

Definitely over-trading a bit here. Need to cool off a little bit and focus only on quality swings. Today’s trades below.

Market was choppy today so I booked gains when I saw them. Sold $SORL for a quick 10—15¢ gain when it broke $4 but had trouble staying above the $4 line. May re-enter if it dips into the $3.80s. Previous entry was ~$3.83. Still hold some $SORL in one of the bigger accounts.

Bought $GNMX for what might be a multi-week swing. Took 10,000 shares at $1.29 (chased there a little bit). This is a biotech which has data due in Jan 2019. Bought here early for a catalyst run-up type move over the next several weeks. Co recently did a raise to expedite their trial so they should have cash over the next few months. Insiders loaded recently so with volume, this can move closer to $2 as part of a catalyst run-up.

Bought and sold 5,000 shares of $BLRX when it dropped ~15-20¢ intraday on no news. Stock has got data coming up over the weekend. I decided to exit the position flat so as to not have stress of holding shares into data.

Finally, towards the market close, bought 10,000 shares of $DCIX at $1.34 - shipper season may be upon us with Nov only 2 weeks out. $GLBS, another shipper, caught momo so I bought $DCIX as a sympathy play. I like the $DCIX chart so might hold it for a few days in case it does not run this week.