BBAN – had good volume this morning and increased 80% over the day. I missed the action because I was paying more attention to other peoples alerts than to my own watchlist. BAD!

IDCN – was a good hold over night and it bumped up another 50%. Stockchaser was pumping it more today so going to hold on for the ride.

WAMUQ – gained another 41% after a nice gap up this morning. Those shares are still in ACATS limbo so nothing I can do there but hope for more big gains tomorrow.

CTIC – bumped up 28%…  holding it for a bit longer i think.

MDHI – bought because it was pretty active in the pre market, but it quickly tanked.  Cut my losses at around $43 and used up a round trip. Jumped the gun on this one.

BBI – started going down again so I sold it for a $6 loss today, $35 total including yesterday.

ZANE – bought 150 shares of ZANE in the AM at 2.54 and sold it at 3.04 for a quick $75 profit.  It’s been a fun roller coaster…  Used up my last round trip, though.

VSTNQ – sold the shares I held overnight for an overall loss of $95.

Total Profit for Monday: $168.25  (not including WAMUQ)

Another fiasco with my ThinkorSwim account caused me to execute a trade much later than I wanted on buying GLRP.  I started trying to buy at .65 when ThinkorSwim Desktop told me I couldn’t open a position on this stock.  I called the trade desk and the first agent I spoke with told me that the stock was on a list of stocks known for fraudulent activity and was too high of a risk to let their clients trade freely, so they would only let me buy it if I called in.   I told him that I understood the risk of the stocks I was buying and didn’t want to have to call in to execute any trades in the future.  At this point, the stock was already over .80 so I didn’t want him to put in the order, but I wanted him to make sure the restriction was lifted.  He said that it wasn’t possible to lift this restriction, it was for my own protection.  I asked to speak with a manager and the manager gladly lifted the restriction.  GLRP continued to run, so I bought the stock on my own at a almost-high price of 1.19.  I didn’t buy much, but it ate away its capital for a while in an afternoon fade until it tanked and hit my stop loss at under a dollar.

ZANE, my play from yesterday, spiked a bit on open, then dropped to the red.  I sold to cut my losses and as I was on the way to the office I noticed it was up 50% from the previous day’s close.

VSTNQ spiked up over 1.00 in the early AM. I held through the spike and the correction and some pretty heavy ups and downs.  Could be a bad move, because Q stocks, as I was reminded this afternoon, are all worth 0.  I’m hoping it spikes up again on Monday….  We will see.  It finished with some heavy volume today so maybe there’s a chance?

Holding on to BBI.  It didn’t do much today so not worth trading.  Good volume, though, so possible accumulation?

I bought WAVE near the top at .578… Seems to be a pattern with me, and a common one with a lot of beginners.  Dropped a little at the end of the day, but not enough to trigger my stop loss.  Is there hope for this one?

I’m still holding WAMUQ against my will, but it’s not a bad thing because it surged up 20% today!  Hopefully TOS will get those transferred over soon…  I think that will actually put me net positive for this week.

IDCN… It’s a subpenny that’s getting pumped by stockchaser.  I may have entered a little late.  Holding over the weekend… I am an idiot.

CTIC – bought for a swing… lots of volume today. let’s see what happens.

Moral of the day:  DON’T CHASE THE RUNNERS!  If I don’t get in early, I shouldn’t get in at all.

Introductions are in order.  My name is Gabe.  I am completely new to trading, so do not take anything I write in the blog or eventually say in videos as investment advice or seriously in any way, shape or form.  I know not what I’m doing.  This is only a journal to keep my trades transparent and hopefully make myself a better trader.  So, in other words, this is for entertainment purposes only, so as Tim Sykes says, “That’s my disclaimer, now I can say anything I want.”

Today was fun… Watching ZANE run from 0.60 up to its high of 2.50.  My hands were tied as I was transferring funds from my original account at Ameritrade to ThinkorSwim.  They got my ACATS transfer finished right as ZANE hit it’s high.  I knew better than to buy in at this point, but I did get a small position.  Only to watch it go back down to 2.12 at close.

I bought a small lot of VSTNQ around the same time.  It closed strong, so I’m hoping for a morning gap.

I bought BBI right at the top… There was a big video released of the CEO pumping it mid day on CNBC that caused it to spike and I snagged some up right when my account funds were available to trade…. right at the top.

I bought a few hundred shares of MCLN early in the morning and am pretty much a wash with it at the end of the day.  Nothing exciting.  Might hold on to it until it goes big or dies out.

I’m holding on a bit of WAMUQ as well, from my old TD Ameritrade account. It hasn’t been transferred over to ToS yet so I’m forced to hold it.  It had a pretty good day today so I’m not complaining.  Hopefully they will get all that worked out tomorrow.

I started my account with about $2000.  I got that up to about $2500 in the last couple weeks with a couple lucky trades.  Until I’m over the PDT limit, I make small trades that I intend to hold over night unless the bottom craps out on me.  I’ll make a couple larger trades every week when I see something running really big, like ZANE was today… I don’t know if this strategy will work, but until it doesn’t, that’s what I’m doing.

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