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

August 11

Took the breakout on ZGNX-- but what a fade.  I moved my stop up to break even and suffered no loss on the move.  I should have taken 1/3 profits when I was up over a buck.

TREE:  Nice continuation from my buy point.  look partial profits... now follow the EMA 4 on up.  Small float, lots of power could really go.

TUES Short: Has not yet had the push down after the countered rally broke but it looks like it is continuing to weaken.

August 2015

Off to a good start this month. .. 5.39% through the fist week.   Most of my trades have been on the short side. 

Big winner was GMCR short -- it fell 20 points after an earnings miss.  I loved the setup to short it and cut my size into the close so that I could take the trade through earnings.  I figured that I was was wrong, I was looking at a $5 loss 

Going into Next week, I'm holding

TUES: Took this short on the trend line break of the countertrend bounce.  This should retest the lows unless market has a snap back rally. 

UNFI: -- Broke support 

SALE: Continued weakness after earnings miss.

PZZA:

VRA:

Aug 5 --- go where the money is

This is Will Sutton

He said he robbed banks because that's where the money is.   His quote become famous. 

As much as I like trading breakouts.   I can't deny that I've been making more money on my shorts.  

ONDK short. 10.51

 This one was textbook for a short trade.  

ITEK: long.  Analysis was right.  Execution was mediocre as I raised my stop too quickly and was taken out on an intraday pull back.  The downside of being too loss averse Is that you give up upside.

Keep an eye on this one it could keep going.

GMCR: wow, just wow.  This was a amazing short as it missed earnings.

New Positions.
ZINC-- short

PBYI: Short.

Current positions.
Shorts: GFI

AMKR:

August 3

Lot of positives in July to build from.   Keep losses small.

August is off to a good start.  Closed my NFLX and CROX positions from last week with decent profits on both.

Indexes pulled back but narrowing of range.

New trades:

ITEK:
I was looking for a pull back entry here off a bounce on the 9 ema. I used a  Tight stop... too tight  was hit

Entry 13.13
Exit: 12.55

Keep an eye tomorrow as the 50 fib bounce looks like it might have been support.  In other words, I was early.

BCEI: Short -- This is the stock that keeps on giving.   Got a partial fill @7.27  I wanted to double the position on a bounce to .37 but it never got that high.  

Keep an eye on the 7 handle a washout could be a decent spot to pull back some of this position--espeically If I get a bounce to add to the position.

TDOC