Today was kind of a a "meh day." I didn't get much traction on anything. I closed 3 positions for a total of 1R profit.
First Tube. This was just a disappointing trade as it had potential but faded once it looked it would gain traction. I really dislike b/o faders. So I banged it out. This needs to set up as a flag again and I would bet that it is going to take 15-20 days before it is ready to breakout.
Trade Summary
Entry: 15.09
Exit: 15.43
+ .26R
My entry was relatively poor in this stock as an entry at 14.80 should have been had. But what ever, this is what it is.
YOD:
On the Short side my fade of YOD played out perfectly. I bought it in as the volume started to dry up. I had set a buy order at 1.86 last night--turned out to be the LOD. That being said, so did some other traders and I didn't get filled there I got filled. I banged it out at $1.94
Entry: 2.19 avg
Exit: 1.94
.58R
This one worked out well. No need to be a hero or wait for another .20.
BABA:
Baba set up for a nice breakout. 101.20. It made a nice run after word hitting a high of 102.80. I am very adverse to b/o fades and I hate taking a loss after I'm up over a pt in a stock so I moved my stop to 101.75. Although that held for most of the day a late day plunge took me out -- filled at 101.77
Trade summary
Entry 101.20
Exit: 101.77
.18R BABA then decided to surge on A.H. trading as traders wanted to get in before earnings. I thought I saw a 105 print which would have been good for at least 3R from my entry. Oh well--protect capital first.
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