Robert Weinstein's  Instablog

Just a couple of trades today and one is a swing hold

PIP was on fire today. I shorted it more than just a few times today. I should have done better but more than once IB ran out of shares so I exited winning trades. After that started to happen I kept my size smaller than it was even before I couldn’t get shares. I been talking to Broad St. Trading and looking at making a move as they once again had shares to short with another stock that IB ran out. The more I am finding out about this firm the more I like. Still learning more about Broad St. and will report what I find and if I make the change over from retail to prop trading. I am currently trying to figure out how often Broad St. has shares when IB doesn’t and how much more money I would make in making a change. As someone who doesn’t use a lot of leverage the negatives have always outweighed the advantages for me in going prop but that may have changed.

PIP was up over 45% at one point and made some large fast moves that I was able to make some trades with. IB lack of shorts cost me but this stock was not one that I wanted to get to crazy with as many shorts are probably licking a lot of wounds around the time that I write this.
PIP back to back 4bar + 509

I am also shorting COCO 4 and 5 puts in Nov and December. This is both for my trading account and my IRA. I will be adding to this trade as we move into the earnings that is coming up shortly (in about 2 weeks).

+ 509