I got beat hard today, considering the size of my trades…  I’m constantly trying to avoid the PDT rule, but I ended up hitting a stop loss today which forced me into a round-trip.  Probably a good thing in the long run.  I’m down (316.75) for the day and (365.95) for the week in my ThinkorSwim account.

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.