I had a good May (+5%) and am looking to build on that as June begins. However, some caution is now in order as there are now 20 stocks up greater than +50% in a month. I took to reducing position size on trades and exiting some positions.
VIMC. Right of the bat a Gap. I generally view that as a sell signal for me. Although this ran quite a bit after I sold it then reversed and faded hard. Anyway this was worth about .80 on average for my position. No complaints.
Entry: 1 14.99
Entry 2. 14.59
Exit 1. 15.40
Exit 2. 15.61
Gapped on positive breast cancer data. This was a chart That I had like this weekend as this would fishhook on a daily. In addition, the monthly has staged a high volume breakout out
This stock is capable of some power.
Entry 1: 4.38
Entry 2: 3.84
Entry 3 3.99
I'm comfortable with my position. Although the opening bar sank, ONTY stabilized around 4.00 for most of the day. I took piece in A.H. as this is the type of stock action that precedes a gap. I'll roll some of my position out at that time. As the opening 15 mins are most dangerous for stops.
SSNI: Nice little trade +13%
HDP: I feel like I bought this one too early (although My trade is essentially a carry over from the breakout of congestion at 25.) I had my eye on that 27 level and with another failure and without 2 rest weeks caution is in order so I'll exit.
Exit 26.70. This was a "protect equity close"
Despite my cautious stance right now, some moves are too powerful to ignore.