1/11/2017-- Trade Journal

Closed first positions:


HIIQ
Sold 20.25-20.10
Perfect,
Sold into opening thrust, this was a big winner and no need over stay the welcome so I sold.  The stock would later reverse and go red after I gotten out.  But this puts 2017 on track for a good start:

COUP:
This was an IPO slingshot, I misplayed it as I took a position with no volume on the move, I got chopped and since my position was big enough my stop needed to be tighter.  This trade probably works with less size.


Lesson:  Size matters,  be skeptical of morning moves with no volume.  To make matters worse it closed at the high.  Bright side.  Risk was contemplated  and exposure within tolerance.

PI:
Stopped out with loss.  After no progress this morning after big day yesterday this became a riskier trade.  A good trade tends to go.  I raised stops. 


Minimal loss.  No regrets on this one.

 
TWNK:
Caught a 3 day move, for just under a buck.  Lock it in.

New trades: MPET
Slingshot, This is the one I've been waiting for.  Triggered today and ran to highs.
position taken $11.44

DNN:
Bought .7453


Although I'm up on this, it  was not a well thought out trade. It should have been taken yesterday on the breakout.  But since the sector was all picking up steam and we had URRE up 30-60% over the day, I jumped aboard.  This becomes one to look for a blow off move and sell.

URRE:
Similar to DNN, I chased.  however, on the a shorter term chart (5 min). I did catch a breakout  I took it at 3.07 close to the end of the day. 10 risk on the trade.  I am not deluding myself into thinking I can use this entry as a position trade and I've been able to sell of a portion at 3.42.   which works.

Summary:  2017 has been profitable.  I need to re-focus as I've made some mistakes, even if those mistakes have been profitable.


Watches, CSRA

Risk,  Time to tighten up NTNX it has made a couple attempts at 30, it either goes or I need to cut size or the whole position.