Seeking Alpha
  • Perkins Cove
    $HNR, sell @ $3.10 in pre mkt from $2.88. Daytrade for 7.6% portfolio gain in 37 mins. http://seekingalpha.com/s/czpft
    3/19/13
    Reply (41)
    • Perkins Cove: You out big...? That was fun! Now watch it go higher....haha
      3/19/13
    • DaLatin: yeah,, 3.05 Posted a little below... gracias amigo... heading for Dr...Keep an eye on my market.......... pura vida
      3/19/13
    • DaLatin: 3.20 were dummies :>)))
      3/19/13
    • Perkins Cove: LOL, that's ok. Will take a 7.6% gain, on a stock I never heard of, anyday!
      3/19/13
    • DaLatin: outta here ...........3.30.......... getting dumber
      3/19/13
    • DaLatin: 40s.. I'm a moron
      3/19/13
    • Perkins Cove: Not so! This was a textbook case for getting in and out in tranches (chips to you gamblers out there) if one has a big enough "poke"
      3/19/13
    • Perkins Cove: I have finaly broken my need to get every chip off that table, which in the past usually led to losses. Some wins are psychological too.
      3/19/13
    • Perkins Cove: Pity the players who never saw this "deal" in the first place. Or those that were long from yesterday.
      3/19/13
    • Perkins Cove: A 7.6% gain goes a long way in building confidence for someone like me.
      3/19/13
    • Perkins Cove: And we stayed away from $AFFY, and talked about a stock other than $UVXY, $AAPL, $BBRY, or $NOK. ($HNR now at $3.60, giving the longs back)
      3/19/13
    • Perkins Cove: ok.....now @ $3.70. Up about 30% from the bottom. What was that word?....."Moron"?.......haha...gotta laugh it off and remember for tomorrow
      3/19/13
    • det9: PC: You should have had trailing stop. I used it effectively before. Good trade regardless
      3/19/13
    • Perkins Cove: det, you are right. Next time big and I are on the same trail (recognized an opportunity) I will try to remember that.
      3/19/13
    • Perkins Cove: In fact, I marked my chart @$4.00 for a possible daily top just after I entered. Hmmm. wonder if I can place a trailing stop in pre...?
      3/19/13
    • det9: PC: You mention about confidence a lot. My critique for you is I either see you in VIX plays or something like today. I don't see you buying
      3/19/13
    • det9: on dips. Is that a conscientious ( did I spell right) decision. Just a friend to friend.
      3/19/13
    • Perkins Cove: But my biggest gain today was in the "confidence" dept. Priceless.....grin. Thanks Detonator....
      3/19/13
    • Perkins Cove: I see these opportunities all the time. (As I now see "big" does also. We must be watching the same things)
      3/19/13
    • Perkins Cove: Last week was $GLDD, for a possible 45% gain. $SVA for 30%. The week before was $BVSN for 25% and $AVAV for 40%.
      3/19/13
    • Perkins Cove: But if one does not have the confidence to put some chips down... it doesn't count. "Only Performance is Reality",,,,,grin
      3/19/13
    • det9: I had some negative feedback on $KORS short. After playing small 3-4 times, I kept on doing it. Incremental risks with trend line intacts
      3/19/13
    • det9: pay off. Good luck and keep the good ideas coming.
      3/19/13
    • Perkins Cove: Detonator, I know you play at the "swing trade" table. But your comments really help. Thanks again.
      3/19/13
    • Ocean Man: You did a good job in identifying one that had fallen too far. Legging out can help you average into a good exit.
      3/19/13
    • Perkins Cove: Yup, OM, "legging out" would work too. Especially for a daytrader that is all in at the entry. Protection of the principle (cont)
      3/19/13
    • Perkins Cove: cont...with the possibility of some nice gains during the day. Sure you are not a daytrader at heart?....grin...Thanks again!
      3/19/13
    • Perkins Cove: det9, you seem to have done a good job with $KORS. 'Negative feedback' meaning technical or other traders? You have a net gain for the year?
      3/19/13
    • Perkins Cove: det9, just saw your "PC, you mention" posts. I only daytrade now. I suck at picking stocks, i always have. So, yes, it is very conscious.
      3/19/13
    • Perkins Cove: At this time I have limited trades available. (that will change in Oct). So I look for "Catalyst" trades each day, with $UVXY/XIV as backup.
      3/19/13
    • Perkins Cove: And yes, very much "friend to friend".....grin
      3/19/13
    • Perkins Cove: I am being overly conservative (not holding anything overnight) so that I can be sure of being a "pattern daytrader" as of Oct.
      3/19/13
    • Perkins Cove: Please do not take my words as a put down to the other trading strategies out there, swing, hold and options.
      3/19/13
    • Perkins Cove: I have chosen daytrading as the strategy that works for me. (hmmm, $UVXY just broke above $9....got to go....grin)
      3/19/13
    • Perkins Cove: Yup, Cyprus just kicked the VIX over 14. Fun in the sun.....? grin
      3/19/13
    • Perkins Cove: BTW, OM and I had a conversation awhile back that no true Daytrader posts real time here on Stocktalks. Interesting.
      3/19/13
    • Perkins Cove: Although he was not making a challenge......it does intrigue me....lol.... http://bit.ly/12dD9F7
      3/19/13
    • Perkins Cove: My goal is to prove to Mrs Perkins, and myself, that Daytrading is NOT gambling! "Only Performance is Reality"......thanks for the help guys
      3/19/13
    • det9: I am up 12.5 % as of now. Getting there. Just came back from meeting. Looks like Mr.M took a spin. I am not perfect in posting either
      3/19/13
    • det9: but I try. $UVXY rocking today. Not focussing due to work.
      3/19/13
    • Perkins Cove: Ok...."work".....you are excused.....grin
      3/19/13