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SCratched ASPM.. dont like the way the stock is trading.

Long 500 MLNM (re-entry) 8.88 Long 200 ASPM 25.60

1500 of MFLX.. doesnt that seem as to big a position size for your account?

MON is a broken stock. It sliced through the 50ma on heavy volume and now pullback back to the 50ma on soft volume. Today is the revesal day where it can possibly continue another leg down. Given weak market conditions i decided to pull the trigger.

Short 200 AEOS @ 26.35

Short 100 MON @ 58.55

Spyder whats your P&L since the start of the journal?

What do u mean? Are u referring to my entry points?

Dumped UTHR nice little profit.. market is weak. In cash now. I normally hold my winners longer.. but the markets are under major pressure and we could get another down leg soon. I am playing very defensive.

DUmped mlnm & MHS. Holding UTHR.

Tomorrow why dont u try trading 100 share lots of TXN, IBM, MWD and GS tomorrow.

No its not. You are doing a good job executing. Its the lack of edge. I dont want to be harsh on u because u are nice likable guy... but someone needs to tell it to u straight.

The point is that if u factor in such a hair thin profit margin, commisions, slippage, and order errors... scalping for pennies is a losers game. Complete waste of time and money. In order to make it daytrading u will have to nail 10-30 cent moves on stocks that are over $50. Like i said...

How much $ do u need to make in order to breakeven so u can get a paycheck on potential profits?

Long MLNM (half position), UTHR, MHS.

Long 100 UTHR @ 48.70

I am out of Cree. Still holding half of MLNM.. if it closes above 8.70 will hold the remaining half. MHS is a monster.. at EOD will sell a portion to lock in gains. TAP trade was not taken.. i usually like to see the previous day's high get taken out before lunch time.

Dumped half of MLNM and CREE.. will exit the rest EOD. No fill on TAP.. but good fill on MHS. Into the close I will only be long MHS.

what stock?

Much obliged. I wll keep this journal going as long as I have people interested in reading and sharing. I used to have another account that i used for longer trading which i liquidated a few months back. I looked for "cheap" stocks usually under $10 that i would hold for months. I did well...