The following videos are from intraday today and following along on a few buys and sells. I apologize for the background noise, trying to fix it. HMNY was again an incredible trader, and not remotely a penny stock. I actually am not fond at all of penny stocks, preferring stocks well above $1, and often $10+ even better. I didn’t trade it today, but there is so much to learn from active stocks. Other stocks in our premarket which we believed would be active were CLSN (no trade for me), MTBC (no trade for me), IZEA still long from yesterday at 4.29, KALV no trade and didn’t do much, MNKD scratched at 5.56, CASI daytrade 3.41-3.82, NUGT long today at 33.20. All of these are discussed in the videos, and LINU, SRNE.
Also in a few recent videos I discussed sitting in a long in ITUS, and sat in that thing for a week and it didn’t move, and lost .10, 2.80-2.70 – liked the setup, but got impatient. Anybody who listened to me and had patience, congrats at least as of today’s close – you’re up 20%. Again, where else (which market) can you get winning trades like this on a consistent basis? And with legitimate companies and without throwing darts? My TLT long put position is discussed, especially in context of the lousy timing in my MNKD trade, why luck is better than smarts, and why if we’re going to be wrong, at least let’s be wrong at really good areas – not the absolute worst areas. CASI exit in the second video, along with MNKD discussion, and more.