Monday, September 14, 2015

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. 


Tuesday, September 8, 2015

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.



Wednesday, September 2, 2015

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.