WTW

Still love the hourly charts for the entry.  I could see this riding up the trend line on small bars.  Then the slingshot on the hourly

ERII

When a breakout level is too obvious there is a good chance that it will fail the first attempt. 

My entry here was a great low risk trade here.  I then put size on when it finally did break that 7.50 mark. 

Watch list

HELE

 USCR

LOCK

Oct 5.

My largest position XIV continues its tear towards contango: I own a lot of this in the 23, 25, 26 range.

APEI, short
back tests the breakdown price seemed to be rejected, setting up for a downward trust if there is any weakness broad markets.

FIT: nice consolidation, put on a starter position

OVAS:
This is one  that had a nice countertrend bounce over the past couple of days.  I like to short these types of stocks at the first sign of weakness.  Using a short time frame when the trend breaks, I enter.  I expect the win rate to be lower the shorter the time frame, but the pay off can be 5 to 1, which is why I take these trades.

This one did not work as a short... yet.  We

Although OVAS didn't work UNFI might:

October 3 Trade Journal

My morning was pretty rough on the futures drop this morning.  NFLX gapped over the my stop, but here's how it played out. 

The video also discusses UNFI, a trade I was stalking but never triggered, to show the importance of waiting for confirmation..  It is okay not to take a trade. 

My APEI short continues to look good:

As does my Merger / Arbitrage play:

Sept 14 Trade Journal

Entered GMCR 60.07 as we get bearish range expansion following uptrend..  If we get follow through tomorrow, I think this could drop to the 40s.   

USE close of 9 hourly EMA to trail

GWR: Short  - -Nice move today Short in 61.60s  -- tight stop and bulls are getting tired -- nice close on the low.

Hourly --- bearish rang expansion pierced through consolidation area then did it again this morning.

VTAE: Fishhook breakout 

Averaged into a 15.13 position as the 15 breakout held

XIV: 

added anotheto the position.  Contango is now only (-3% still backwardization but this is the VXX short is the greatest trade.   

If this were not a mean reverting instrument there is no way I would take this trade with the size I am now up to. 

Sept 8.

Market was on a tear.   ...

 good because I called B.S. on Friday's pre-holiday plunge and went dip buying.   I realized I was too aggressive for market conditions so I lightened up the position today for decent $

Today's best buy... MPO

Although I saw the daily fishhook I didn't take it on Friday...  so If you miss one time frame go to the next... again a fishhook this time on the hour.  I bought the expansion and got a fantastic run to the close .. sold off half @7.20

CVT: This one held well through the market volatility back in 32.99

Finally,  TTPH get's destroyed post market.  off 80% I started buying in the 9.40s up to 9.70s.  These types of mean reversion trades can be tremendously profitable for several reasons.

SSR prevents shorts from piling on?
Who is left to sell?
News was bad? but is it that bad?  company still has a pipe line and 6.65 in cash.

Ignite 1 study was positive for Intra-abdominal infections
Ignite 2 for UTI .. was a total  failure.

It seems like there is a total disconnect as often happens post market.  Expect analysts comments over next couple days announcing disappointment and cutting price targets to $20s but comments that sell off was too much.

Sept 2 Trade journal

BroadMarkets:   The wildness continues after yesterdays thrashing a bounce

I love those sell off days-- if I don't have too big of positions as they tell you where the strength is

Take ITEK  it closed down a whopping .09 on Tuesday.  

Entry 12.58   --- now look at the 14% burst.  love it. 

Similarly, I bought BLDR today at 15:

look at the weekly: new high

EMES:
This was a horrible trade as I chased a countertrend move and got stuffed.  .. total amateur trade    I know better than buying Day 3.

Big News!

My trading has been limited over the last week. I was short going into Monday's selloff.  But   the most important chart  in my life is this one.

My daughter, Corinne was born on Monday 8/24/15.

I do not  anticipate taking my normal swing trade setups.  I took position trades in XIV, UWIT and PLNR.  PLNR is being bought out at 6.58-- I used the market sell off to buy at a discounted price of 5.59.

Aug 19

This is one I've been waiting on.  Finally the sell off to the 4EMA-- and that did not last long.

EFOI:

Stopped MBLY  -- This one didn't work. gapped on a hit piece from SA.  
Still, my buy early.  I would not be surprised to see a pop tomorrow .

Stopped MMYT

Just wouldn't break down-- Preservation of capital is the name of the game here so I reduced my stop price

TMF: (yesterday) fought off the trend line break and reversed.

ALJ

This trade is illustrative 

AUG 11- 14 week review

Week Review.


What went right

On the plus side I hit a couple of really nice winners in TREE and EFOI both are stocks that I got in before the crowd.  on pull backs following Earnings bursts.  Scaled out of both on the way up.  Kicking my self for not adhering to trading plan to hold last 1/4-/13 of these until the 4ema breaks.

What went wrong

On the downside, I was at times impulsive.  I had a ton of wash sales as I would catch my self buying junk and then bail on the trade-- again better than losses.  I had trades that would have been big winners, but bailed for small and mediocre gains.  ZYNE I had a 3.7% gain-- I had an out pre-market but  I gave up a 20+% move that day.  

Quick sure money v. Big money with risk   -- always the internal war with me.

The losses I incurred were on the short side going too big--  CENX one of my big winners from earlier in the month cost me a 1% hit.  Or simply trying to trade out of my style.  Friday was a big day, and I feel I got back on track.

Week Highlights:

TREE:
Entry off hourly channel gut into the pull back with 117. stop
Entry 122
Entry 119.19
Exits:  124.5 , 126, 131.57

EFOI: 13.24 Entry
Exits:  14.8, 15.53,

Low lights:
My low lights are big losses per-se (I like to think my focus on downside has cured me of those) CENX I was too aggressive on a trade that would have worked had I taken less size on the trade.


CENX short:

CARA:

EXEL:

On Deck for Next Week:

TTHI:

SPNC (short): Sold bear bar followed by a weak rally attempt buy bulls that faded.

AIMT:

SKX:

LPCN:
holding stead at the 4.  Next week a push above 17.20 will lead to a big move.

MMYT: (Short)

OHRP (Spec)
Took this A.H. 2.77 on news Soros took a position.  Given the Float size, and the way other  Hedgefund Guru plays have played out VLTC, PBTI, AQXP Recently, this one seems worth a shot. 

August 12. Trade Journal

I've gotten a little off track.  My holding periods have shortened to the point where I'm day trading.  I found inspiration in the success others are having doing these types of trades... but they are not my setups.

I'm not a day trader so I shouldn't don't day trade.  Sure it's fun when it hits but I feel like I'm chasing pennies and when it goes poorly because I'm out of my element I'm losing real dollars.  Anyway had losses in ENV, DATA, MS  against wins in JD.

Non-Day trades:

EFOI (not a day trade) --   Look at those EPS beats!
Entry 13.24 -- -hopefully a moving average kiss and go.

ZYNE-- held its line on the pull back-- so far.  This could really pop-- it has already but now with the 2 day rest complete it could push some highs only 10 mill float.

TREE:  so the part of my position that I sold yesterday at 124.50--- bought it back 119.19. -- held the lows.  So far so good.

TUES: Closed
Perhaps I'm too quick to cover after it now has dropped.  Volume felt light and I was holding a chunk I didn't want to get whipped on this one so happy to take a decent profit. Although it was only a 1:1

YINN, I was thinking of this as a country in trouble type trade.  Looked promising until the YAUN gets devalued.
Entry 29.66
Exit: 26.73