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Q&A – Saturday morning mailbag: Time & sales, position sizing, Canadian brokers, position sizing, & more!

Video #1 questions:

1. What is up with Interactive Brokers’ Time & Sales feature? It seems to have multiple prints of large trades that don’t occur?
2. How do I enable AQS Stock Loan / Borrow in IB? (I suggested seeing my post on that and then signing up to my email list so you can see another post on it; there is a link on the right-hand side of my blog).
3. How should I determine my position size for trades?

Video #2 questions:

1. Do you know about using Canadian brokers to trade penny stocks or to evade the PDT?
2. How did you get the nickname Reaper?
3. It seems that the term ‘short squeeze’ is used too loosely? How do you tell if something is a real short squeeze or if it is just momentum buyers?
4. How do you find stocks that you buy that are potential pumps?
5. What are IB’s commissions for very low-priced stocks?

Disclosure: No positions in any stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

Trade recap for February 5th

Nothing too exciting today. The most exciting part thing today was my sign off at the end of the video recap: “Don’t get too drunk and don’t eat too many Fritos.”

Daily profit: ($132.00)

Weekly profit: ($1271.12)

Disclosure: Long 4,000 BLGW and 16,000 EXPU. No positions in any other stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

Watchlist for February 5th

NXTH – Pumpity pump! There appear to be hard copy mailers going to people that include a sample of their ‘revolutionary’ sweetener. The stock has started to move up more quickly and I think a dump is approaching. ALFSS!

nxth

AFFX – Nice move on good earnings. This is a nice breakout and maybe it can gap fill to $8.50.

affx

Disclosure: No positions in any stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

Trade recap for February 4th

Only one trade today. I nailed a call on CNLG as a long in chat and from my watchlist last night as it consolidated at $2.85 and then spiked to a high of $3.35 early in the morning, but I was too slow to get a fill.

Daily profit: $131.30

+    BOT    1,000    AENY    false    Stock    4.660    USD    ARCAEDGE    14:15:30        5.90
SLD    200    AENY    false    Stock    4.7900    USD    ARCAEDGE    14:30:38        1.00
SLD    200    AENY    false    Stock    4.8500    USD    SMART    14:34:33        1.00
SLD    200    AENY    false    Stock    4.8500    USD    ARCAEDGE    14:37:02        1.00
SLD    200    AENY    false    Stock    4.7800    USD    SMART    14:53:30        1.00
SLD    200    AENY    false    Stock    4.7400    USD    ARCAEDGE    15:00:19        1.00

Disclosure: No positions in any stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

Watchlist for February 3rd

CNLG – Still on short watch today. Today was the first down day. There were no shares to short that I could find today.

cnlg

BSDM – Up big today on news of a journal article about their product. Potential long tomorrow on continued strength.

bsdm

BGEM – Pump & dump. Hopefully it is pumped up enough to make it worthwhile to short. Note that this is a re-pump.

bgem

Disclosure: No positions in any stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

Trade recap for February 2nd

Nothing exciting today.

BOT    1,000    BGEM    false    Stock    0.2800    USD    ARCAEDGE    09:03:26        1.40
SLD    1,000    BGEM    false    Stock    0.3100    USD    ARCAEDGE    09:27:38        1.55
+    BOT    1,400    CNLG    false    Stock    4.026    USD    ARCA    09:32:09        7.00
+    SLD    1,400    CNLG    false    Stock    4.050    USD    SMART    09:34:43        7.00

Daily profit: $46.05

Disclosure: No positions in any stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

Watch list for February 2nd

ISCO – Up on some fluffy PRs, from $0.90 to $1.89 in four days and up from $0.50 in a month. I’m short-biased.

isco

CNLG – Up on a new product PR and now on a PR announcing an order. I remain short-biased but with a low-float this could squeeze more.

cnlg

CRNT – Nice chart and up on earnings. Potential long.

crnt

Disclosure: No positions in any stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.

Trade recap for February 1st

Not a bad day … I always like to start off a new month in the black.

Trades at IB:
+    SLD    3,748    PEIX    false    Stock    2.000    USD    DRCTEDGE    11:01:09        18.74
+    BOT    3,748    PEIX    false    Stock    1.910    USD    ISLAND    11:08:30        18.74
+    BOT    1,500    ISCO    false    Stock    1.800    USD    SMART    15:39:55        7.50
SLD    800    ISCO    false    Stock    1.7800    USD    ARCAEDGE    15:52:25        4.00
SLD    700    ISCO    false    Stock    1.7800    USD    ARCAEDGE    15:52:38        3.50

Daily profit: $878.53

Disclosure: No positions in any stock mentioned. This blog has a terms of use and you can find all my disclaimers and disclosures there as well; my full terms of use is incorporated by reference into this post.