Who's ready to slay today! We got our new cash account at TD with $2k transferred into it from our Roth. I've decided too keep some of our Roth account in tact since any further withdrawals would have lead to a small tax fine. So the plan is to stop the margin account and grow the cash and Roth (mostly the cash account) until we reach our $25k goal). Once we reach $25k we'll be using the Margin account again as then we'll be able to do unlimited trades. The cash account could then be turned into a dividend/swing/inv portfolio of some sort. That's another discussion.
Funny news as well that yesterday we did 1 too many trades and that got the margin account flagged under the PDT rule! I'll cover it today on the recap video.
CHS 433m MC and 109m Float Apparel Stores | USA gapping 28% Chico's stock up 22% after retailer raises Q4 outlook / Chico's FAS, Inc. Raises Fiscal 2019 Fourth Quarter Outlook to Reflect Continued Improvement in Business
SNCA 6m MC and 3m Float Biotechnology | USA gapping 30% found no news yet but like the potential blue skies it has
AGTC 75m MC and 15m Float Biotechnology | USA gapping 70% Applied Genetic Technologies' stock rockets on early-stage eye therapy data / AGTC Reports Positive Six-Month Data from its Ongoing Phase 1/2 Clinical Trial in X-Linked Retinitis Pigmentosa
No trades left for Monday so I'm going to do some Analytical work on my Garmin watch to show you guys what this CPAH day did to me. I really did almost get a heart attack! I felt it and now I know what really went on. Have an awesome weekend everyone!
ASRT 86m MC and 77m Float Drugs - Generic | USA gapping 25% - Assertio Therapeutics Announces Closing of Gralise® Sale to Alvogen and Expects Full-Year 2019 Neurology Franchise Net Sales Above Upper End of Prior Guidance
ADAP 144m MC and 11m Float Biotechnology | United Kingdom gapping 110% - Adaptimmune Announces that SPEAR T-cell Platform Delivers Initial Responses in Four Solid Tumor Indications
LMFA 2.7m MC and 1.7m Float Credit Services | USA gapping 70% - LM Funding Announces Engagement of Maxim Group, LLC for Strategic Advisory Services and Sale of IIU, Inc.
Tuesday!! Whoohoo, we got 4 trades. Ideally though we don't want to use more than 2 today so we can start alternating them.
RTIX 202m MC and 65m Float Medical Appliances & Equipment | USA gappig 130% - RTI Surgical Holdings, Inc.® Announces Sale of OEM Business and Preliminary Fourth Quarter and Full Year 2019 Revenues GlobeNewswire
TRXC 29m MC and 17m Float Healthcare | Medical Instruments & Supplies | USA gapping 100% - TransEnterix Announces Submission of 510(k) to FDA for First Machine Vision System in Robotic Surgery
ADAP 432m MC and 11m Float Biotechnology | United Kingdom gapping 110% - Astellas and Adaptimmune Enter into Agreement to Co-Develop and Co-Commercialize Stem-Cell Derived Allogeneic CAR-T and TCR T-Cell Therapies
My god there's a lot of near perfect picks flying today. Happy Tuesday and good luck trading everyone!
$CETX 7m MC and 2.8m Float Industrial Equipment & Components | USA gapping 85% big gapper yesterday but watch out because it basically just gave back all yesterday and past spikes did not hold. No new news, just yesterdays - "Cemtrex Receives $700,000 in New Video Surveillance Systems Orders for Municipal Buildings"
$RBZ 11m MC and 3.4m Float Specialty Retail, Other | Singapore gapping 47%, yesterday late trading time came out with news "Reebonz Announces Strategic Partnership With TWIST"
$SXTC 17m MC and 12.5m Float Drugs - Generic | China gapping 50% "China SXT Pharmaceuticals, Inc. Announced Regulatory Approval of Its DNA Exam Laboratory"
$MNI 3.5m MC and 4.39m Float Publishing - Newspapers | USA gapping 300% "McClatchy Enters into Standstill Agreement with the PBGC"
$NTGN 34m MC and 23m Float Biotechnology | USA gapping 77% "BioNTech to acquire Neon to strengthen global leadership position in T cell therapies"
3 trades again this time 2 green and 1 red. Building that foundation so we're ready for taking on larger position sizes. This is already our best month in the challenge (better than Nov & Dec combined), $vol is one of my key Gap & Go indicators and all my best trades are ones with BIG $vol.
Let's crank out some trades! Happy Friday everyone!
AEMD 9m MC and 2.8m Float Healthcare | Medical Appliances & Equipment | USA gapping -13% but ran yesterday after market opened 90% one of the biggest runners (still not impressive $vol) did not find any new on it either. Could be a good support line bounce today if we crash below 2 and selling gets weak
NTGN 49m MC and 23m Float Biotechnology | USA gapping 7% was on our watchlist yesterday (a bit of a snoozer) "German biotech snaps up struggling Third Rock-founded drugmaker", "BioNTech to acquire Neon to strengthen global leadership position in T cell therapies"
TLRD 202m MC and 45m Float Apparel Stores | USA gapping 35% "Tailored Brands to Sell the Joseph Abboud Trademarks to WHP Global for $115 Million"
IMBI 28m MC and 7m Float Specialty Retail, Other | USA gapping 80% "Shaquille ONeal Launches Invicta Collection on ShopHQ"