Trade Journal April 7.

Today I booked a bunch of profit and closed a few positions to manage risk.  

RAD:
Nothing against this chart but with earnings on deck and only a small gain, this was not a binary risk I want to take.  Closing it out for small change.

Entry: 8.65
Exit 1: (20% reduce position size) 8.73
Exit 2. 8.78 +1.5%

LBIO:
The gas is coming out of this one a bit.  a  Couple of moves to the upside failed.  I decided to ring the register as this one looks like it needs some rest before going higher.

Entry:  11.09
Exit: 12.65  +14%

ADXS:
The Week 2 move has been less than impressive.  Since the thrust has stalled in week 2, I'll get out with a decent gain and look for a retest of the b/o.

Entry: 13.90
Exit 15.38  +10.6%

VLTC:
This was a high risk trade given my entry, I was sized small with the plan of adding if it got going.  It never did although I thought there was a chance that this could have blown the doors off on a short squeeze but the thrust couldn't keep the momo going.
Entry: 4.44
Exit: 3.95 

MRGE:
I normally do not sell the first day breakout.  But I took a partial here. MRGE exceeded my expectations  

NEW BUY:
RGLS:
Entry 17.60, A.H.  . I need to be a bit more patient on news driven trades.  My thought was that the news gets this running out of this Flag.  Small position.

Existing positions: LBIO, ADXS, MVIS, RAD, SUPN, VLRS,

LBIO. My buy at 11.09 off the MA bounce is looking good. It  pulled back slightly today, disappointing after an early AM run. 

ADXS:
Another dip buy that looks good in at 13.90.  The weekly breakout looks ready to make a thrust.

CAPN: A gap and drop today.  I added increasing my cost basis to 7.18.  The retraces are difficult to stomach unless you have a plan and I consciously made that decision The weekly breakout is intact and the the gap is now filled.  Now a bounce would be appreciated.

MVIS:
Holds steady. Looking for that 3.20 to hold and to re-set the stage for higher prices.

RAD:
A small move today, but I want to see the range expansion that pushes the RSI over 70.  Over 9 could start moving quickly

VLRS: After two weeks of lower prices that retested the weekly breakout point, VLRS bounced back in a big way.  This is now set up for a week 1 b.o.

SUPN:
This is looking like a back test to the BO might occur rather than the continuation but the bigger trend is defiantly up.  So the plan is to buckle up and ride it out like on VLRS.

Tuesday & Wednesday trades

Was working on my taxes so I did not update. So I have a combined journal update.


INUV:
I had added this on Monday on a fishhook setup breakout.  Tuesday made very little progress.   And when a "power" breakout stalls, It's usually best to get out as a good breakout should continue.   So I exited for  a .03 gain on the trade.  That turned out to be a wise decision as today's action shows that I would have had considerable pain had I continued to hold

ZIOP:
The theory behind this trade was this was a power stock that was coming back into the 10 week.  I felt that had presented a good entry.  It worked temporarily but then the selling pressure overcame this one so I'll take the loss.

Entry 1: 11.68
Entry 2: 11.04
Exit: $10.75

LBIO:
Although my ZIOP 10 bounce trade did not work, LBIO worked very well.  Not only did it reverse, the move has continued into the next day. Today it pushed over 13 for period.

Entry: $11.09

CORT:
Another  b/o fail. Bought yesterday's move 5.91 looking for the b/o over 6.

The weekly chart, however, shows the the b/o would have been in week 2, which is still too early:  It is set up very nicely for a weekly range expansion next week: 

CYTX:

This one held on for a few weeks without really going anywhere.  Today it ran my stop.

CAPN:
follows range contraction with range expansion.  This is a former runner so it has the potential to really get going once it does.  d

Daily is setup for a range expansion with  for a MACD cross over  and rising RSI. 

ADXS:

This one worked exceedingly well.  After the b.o yesterday, there was a sharp reversal and backtest to the breaking point.  I held my nose and hit the buy button as this came in. 13.91 it dropped on me immediately and made a bit nervous that I would get stopped out very quickly but ADXS than found a bottom and bounced and boy did it bounce all the way back over $15.50

GBSN:
This is one of those stocks that makes everyone say wow.

Entry: 3.67
Exit 1: 4.04
Exit 2: 3.90


Entry: 4.03   (I enter looking for the EOD run, I  knew that this would have some residual power today, but  that did not come in the A.m. and this sold off quickly.   Fortunately my position size was only 2/3 of my original position. I should have dumped this lot of a small profit like I did on INUV when the breakout was stalling.

Exit: 3.73

Entry: 4.29  ( wasn't planning on day trading this but I had something come up where I couldn't be in front of the screen so I closed it. Too bad)
Exit:  4.38

SUPN:
Finally, SUPN A great 1-2-3 ("Fishhook") breakout on the weekly.
Entry: $12.49

3/5/15 opened and closed

DRAM:
This fishhook didn't work at all as the buying pressure completely died up.
Entry: 3.29
Stopped out : 2.87  fortunately, I traded it small.

SHAK:
Another fake break. This looked like it was good to go I bought at 46.99 it immediately ran to 47.77 and looked like a multi point move was in the works,  It then reversed hard
Stopped out 45.44

RESN:
Took this  short as it failed to get into the gap now 2X in a row.
Turned out to be a great entry at 11.99

ADXS:
Entry 10.70  made a nice .40 push from my buy point with a late day push.

CAPN
Looked for a dip buy on CAPN as it was hit on a secondary warrant announcement. This appeared to be bouncing so I bought but the buyers faded away and so did the stock. I wasn't risking this big so took a small loss.

Entry: 7.66
Exit: 7.21