Today looked like it would be a very profitable day as I had some great early morning moves in JRJC and AVNR. But then both started to fade. Then things got shitty. I took a position in BITA as it looked ready to pop. It dropped. And towards the end of the day, my M/R JNUG traded failed (although I scaled back the position when it was slightly profitable) completed the sell off and stopped me out. The one saving grace was that VTAE broke out big to the upside.
I sold off AVNR as it came in for now 3 days in a row after strong starts.
Entry: 12.96
Exit: 13.23
+.25R .
JRJC came in as well but I decided to hold another day.
BABA:
I took a stab at an entry post earnings on a small position . It didn't work -.3R. Too bad because BABA traded up fore most of the day.
JNUG
It got a little pop in the AM but I wasn't crazy about betting on a "V" shaped recovery of gold. I used the bounce to reduce my position size. I hoped the remainder would hold but it didn't
Entry, 4.48
Exit 1: 4.56 + 32
Exit 2: 4.00
-.7R
BITA
This looked like it was ready to make a big move. and it did but to the downside after I bought
Entr: 83.55
Exit: 80.14
-2R
So up to this point the day was pretty much a bust. I then got a pleasant surprise as VTAE which had not done much and nearly stopped me out on prior days went nuts late in the day.
Currently sitting at a 1.5R profit. If there's any continuation tomorrow this will be a great trade and more than wipe out all the losers listed above.
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