First, ACHN-- not a bad set up and this is a trade with risk management that I would take all day long.
This looked ready for a Breakout but subsequently faded.
Entry: 12.50
Exit: 12.13
-.7R.
I suppose I could have gotten in earlier and trailed this but I was hoping for a multi-day momo burst. Had I looked closer I'd have realized how rare those types of moves are in this stock. More often than not ACHN is a one and done type of stock.
CYBR
So I just made a bundle in RWLK so go back over to CYBR which often trades similar to RWLK.
While this looked promising for a multi-day move it was not to be. I protected my capital and escaped the fade with a small profit.
Entry: 35.89
Exit: 36.03 --- Obviously a great decision to get out in retrospect as this came in hard.
LOCO
I was on an recent IPO kick so why not go for the Crazy Chicken. LOCO had a great sideways consolidation period and then the b/o
Entry: 36.17
Exit: 36.55
I wasn't feeling especially after CYBR and ACHN faded. Enter capital preservation mode.
HIVE:
Then I decided to something real dumb. I chased a momo news play (apparently they signed some deal with apple). I put on too much size, kept a tight stop got hit lost 1.2R
Enter: 6.36
Exit: 5.96
No comments:
Post a Comment