Happy Easter - Free Video Lesson Discussing $DYAX Long Call and $CRMD $GBSN Crowded Trades

by | Apr 5, 2015

I love a nice long weekend !!

Figured I'd do a free video lesson for Easter !!

This video assumes you're familiar with what we discuss regularly but hits upon some of the things we go over in Tandem Trader and Textbook Trading.

Nothing better than a forced day off because as much as I hate to admit it when the market is open and I'm away I'm anxious about what I am potentially missing  !! On the flip side ... not many can say that about their jobs right?

I wanted to share with you a few thoughts via a trade recap video (which I do regularly for video lesson subscribers) talking about the good, the bad and most importantly the rationale behind EACH trade I took that day !!

This video lesson is going to dive into the DYAX call (I also posted it on twitter as you can see below) additionally the CRMD short plan now that the $8.50 shorts got squeezed out and starting to fizzle again and last but not least exactly what is a crowded trade ?? Everyone always ask - I dive into it with GBSN !!

Remember this - front side momentum trumps financials

Yes it's likely everyone who does their due diligence on the trashy stocks will end up right and they'll raise, convert warrants etc but to avoid getting squeezed out on the front side you cannot get TOO biased unless 1.) you have a solid borrow 2.) that's your original game plan 3.) you have room to be wrong first

Most jump into a trade based on following others with a much shorter time frame in mind and end up getting smacked around and covering the top before the real trade comes in

Reach out if you have any questions !!

 

 

DYAX

[Apr 2, 2015 8:52:54 AM EDT] InvestorsLive DYAX may still be a nice long

[Apr 2, 2015 8:52:58 AM EDT] InvestorsLive going to be watching weak open red/green

[Apr 2, 2015 9:33:30 AM EDT] InvestorsLive DYAX started long 25.01

[Apr 2, 2015 9:41:44 AM EDT] InvestorsLive DYAX so far $25s haven’t held no adds yet — if they re claim I will start to add dips and risk on LODs – once confirmed

[Apr 2, 2015 9:44:35 AM EDT] InvestorsLive DYAX still like the trade – wiating to add for confirm

[Apr 2, 2015 9:51:59 AM EDT] fisktr DYAX higher lows

[Apr 2, 2015 9:53:11 AM EDT] InvestorsLive 25 test DYAX

[Apr 2, 2015 10:02:52 AM EDT] InvestorsLive DYAX 24.50s over/under don’t hold will move onto the dip buys and awit for a better entry

[Apr 2, 2015 10:18:06 AM EDT] InvestorsLive DYAX any trades now I’d use LOD .50 area risk

[Apr 2, 2015 10:18:14 AM EDT] InvestorsLive but still want confirm $25 over/under to commit

[Apr 2, 2015 10:28:52 AM EDT] InvestorsLive DYAX 25 test

[Apr 2, 2015 10:45:23 AM EDT] InvestorsLive DYAX thru 25 again lets see it base and hold

[Apr 2, 2015 10:46:29 AM EDT] InvestorsLive DYAX there we go

[Apr 2, 2015 11:02:33 AM EDT] InvestorsLive DYAX faster

[Apr 2, 2015 11:10:52 AM EDT] InvestorsLive DYAX if and when this trade pans out as expected I would anticipate a rip .30-.50 fast towards r/g

[Apr 2, 2015 11:11:03 AM EDT] InvestorsLive lock in along the way if you didn’t expect/had too high avg etc alnog way

[Apr 2, 2015 11:25:19 AM EDT] InvestorsLive DYAX still like the trade for what I spelled out but again make sure you’ve taken some off til re confirms

[Apr 2, 2015 12:30:01 PM EDT] InvestorsLive DYAX ramp

[Apr 2, 2015 12:43:33 PM EDT] InvestorsLive DYAX gearing

[Apr 2, 2015 1:05:37 PM EDT] InvestorsLive DYAX I’m still there being patient — awesome job guys

[Apr 2, 2015 1:16:39 PM EDT] InvestorsLive DYAX green

[Apr 2, 2015 1:17:49 PM EDT] InvestorsLive sold 1/4 DYAX 25.79

[Apr 2, 2015 1:36:36 PM EDT] InvestorsLive 26 test close DYAX

[Apr 2, 2015 1:42:05 PM EDT] InvestorsLive looking to scale out another 1/4 DYAX into any $26.30-50 rip

[Apr 2, 2015 1:54:31 PM EDT] InvestorsLive sold another 1/4 DYAX +1.10 ish have 1/2 left

[Apr 2, 2015 1:54:42 PM EDT] InvestorsLive 26 absorbing nicely like $25 did so I still want to be patient for more

[Apr 2, 2015 2:18:12 PM EDT] InvestorsLive DYAX nearing re-test HODs

[Apr 2, 2015 3:36:46 PM EDT] InvestorsLive DYAX here comes ur $27 punch and maybe more — nice guys

 

 

 

CRMD

 

 

[Apr 2, 2015 9:13:36 AM EDT] InvestorsLive CRMD watching all pops still for s/s

[Apr 2, 2015 9:23:38 AM EDT] InvestorsLive main watches for me CRMD failed follow thru remember — scale in trade on pops nothing to fight with size add to winner, THCZ para failed follow thru GDDY any good para will wait for a set up DYAX SYRG JCP weak open r/g

[Apr 2, 2015 9:24:13 AM EDT] InvestorsLive CRMD had some buyins so had to locate via Wedbush but still ETB at ETC

[Apr 2, 2015 9:31:22 AM EDT] InvestorsLive added CRMD

[Apr 2, 2015 9:34:41 AM EDT] InvestorsLive CRMD LODs

[Apr 2, 2015 9:47:57 AM EDT] elkwood66 covered 1/3 CRMD will add back on pops

[Apr 2, 2015 9:55:39 AM EDT] elkwood66 CRMD failed bounce

[Apr 2, 2015 10:07:36 AM EDT] InvestorsLive CRMD — will look for pops along way to add — make sure you’ve paid yourself along way of course but still thinki this can break down more later

[Apr 2, 2015 10:07:40 AM EDT] InvestorsLive but make sure to have paid yourself

[Apr 2, 2015 11:10:27 AM EDT] FourTrades CRMD looking really heavy

[Apr 2, 2015 11:35:21 AM EDT] InvestorsLive CRMD going to watch any pops/stuffs for adds make sure you locked in along way

[Apr 2, 2015 11:41:31 AM EDT] Xeromos CRMD ramp r/g

[Apr 2, 2015 11:41:31 AM EDT] InvestorsLive CRMD faster looking to take advantage of the pops

[Apr 2, 2015 11:41:43 AM EDT] InvestorsLive have a big picture plan but goal is to add from the low 9s covers suggestions

[Apr 2, 2015 1:45:17 PM EDT] InvestorsLive CRMD may hold this again but likely cover 1/2 by close

[Apr 2, 2015 2:21:36 PM EDT] InvestorsLive covered 1/2 CRMD

[Apr 2, 2015 3:36:07 PM EDT] OzarkTrades I have covered all THCZ and 1/2 GENE… Going to swing GBSN and CRMD into next week

[Apr 2, 2015 3:36:34 PM EDT] InvestorsLive I am also holding CRMD s/s but covered partial

 

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