Have a Plan!

Good morning folks

I can not emphasize this enough! If you want to be successful in this very challenging industry you must have a plan. You have to know your risk reward before you enter a trade. Often times people plan their exit around where they are going to cash out once the trade goes their way. They focus on how much money they are going to make! That is understandable since thinking about making money is more fun than thinking about losing money. 

However, the most important piece that you need to define is your RISK! 

How much are you willing to lose if the trade goes against you? What is the amount you are willing to give up and is it justified by the amount you plan to make if the trade works out perfectly and hits your target profit? You should have a complete detailed plan for each and every trade you take. I know that sounds unrealistic if you are a scalper but if you don't take the time to identify support and resistance, entries and exits then you are just flying blind. You have to know your risk reward so that you can identify whether it is worth getting involved.

LC	Lending Club Sees Q4 Rev. $128-$130M vs. Est. $123.06M, FY15 Rev. $420-$422M vs. Est. $408.53M
04:22:04pm 10/29/15 LC	Lending Club Reports Q3 EPS $0.04 vs. Est. $0.02, Rev. $115.1M vs. Est. $107.95M

Gapping premarket boat load of dept fairly large float so it takes a lot to move it > Be careful do not chase it > Trendline break testing the 15 roll premarket 25 percent short could squeeze watch the volume 

LPG	Dorian LPG Reports Q2 EPS $0.72 Vs Est $0.66, Sales $74.9M Vs Est $60.46M
04:54:32pm 10/05/15 LPG	LPG Chairman Hadjipateras Buys 20,000 Shares @$10.72/Share -Form 4

Nice earnings winner recent IPO small float trading below book value could be a nice swing testing the 12 roll premarket 

Violin Memory (VMEM) announced that a major online retailer of consumer electronics has deployed the Violin 7300 Flash Storage Platform to improve its online transaction processing, critical to maintaining rapid, reliable and secure responsiveness to its customers worldwide.

RECENT insider buys @ 1.48 Can be a pop and flopper but looks like it could break that downtrend line and go for a two test 

IRMD	IRADIMED Raises FY15 Sales Outlook from $30.2M-$30.4M to $31.3M-$31.4M vs $30.2M Est., Adj. EPS from $0.63-$0.65 to $0.68-$0.69 vs $0.63 Est.
07:33:43am 10/30/15 IRMD	IRADIMED Sees Q4 Sales $8.5M-$8.6M vs $7.9M Est., Adj. EPS $0.19-$0.20 vs $0.17 Est.
07:33:00am 10/30/15 IRMD	IRADIMED Reports Q3 Adj. EPS $0.19 vs $0.16 Est., Sales $8.2M vs $7.7M Est.

Nice earnings beat and raise super thin float don't chase it but look for some volume Huge gapper now look for an intraday setup 

LPCN	FDA Accepts for Filing Lipocine's New Drug Application for Its Oral Testosterone Replacement Product Candidate, LPCN 1021

Small float gapper balance sheet in decent shape could get some follow through on a break over 12

ACRX	AcelRx Reports Q3 EPS $0.11 vs. Est. $(0.23), Rev. $15.428M vs. Est. $1.75M; Estimates Not Comp.

decent short position small float  Burning through cash likely capital raise soon but could get squeezy if it can take out 4 with conviction 

 

5 MOBL

MobileIron Reports Q3 Adj. Loss of $0.17/Share vs Loss of $0.20/Share Est., Sales $38M vs $37.6M Est.; Sees Q4 Sales $41M-$42M vs $40.9M Est

Better than expected earnings off this weeks watch list recent IPO that seems to have found a bottom 4 roll premarket decent balance sheet small float 11 percent short could get squeezy but don't chase it can be a pop and flopper 

ATEN	A10 Networks Reports Q3 Adj Loss $0.07 Vs Est Loss $0.09, Sales $50.8M Vs Est $50.49M

Another watch list name recent insider buying over 6 small floater decent balance sheet but negative cash flow can be a pop and flopper look for some real volume could set up for a nice day trade