Closed HYGS, MOC, SBUX.

HYGS and SBUX showed signs of potential but faded. 

HYGS: could not hold the breakout. Got out.

Entry 15.29

Exit 14.65

SBUX: 

SbUX  looked like it was going to pop this morning as it broke but then faded with the market.  I held my stop and took. 

Entry: 88.77

Exit 87.73

MOC:

Entry 3.08

EXIT: 2.38 for a 2% portfolio hit. 

I thought this was a perfect fish hook set up until it got crammed back down.  I should have been tight on the stop but it was not a large portion.  The problem was less price moved against me but that the volume is gone.  I see no point in waiting for things to turn.  

opened, HYGS, SBUX

This was a stick that I've traded before.   I  loved this chart as we have linear action followed by an above average volume breakout.  Today was continuation day I bought and the move continued.

Entry: 15.29

This stock has many positives, and a small float this move could  run to 19+

SBUX:
High volume  gap move, failed pull back, push ahead= Fish hook.  The market was weak so SBUX gave back a lot of the push today . But has bounced back in AH.  If the market does not collapse this has the potential  to make a 10-20% move from this point.

The weekly shows a cup and a handle break out from the 10 week average. previous runs have tracked the 10 very well and moved from 55 to 80 before topping out and curving out a bottom.

Stopped out of HYGS-- Lessons in narrowly missing a great trade.

Arrgh!  I was absolutely right on this reversal but my stop just got nicked before It took off.

Stopped at 14.89.  -- The absolute low of the day.

The next day +1.91 it would go as high as 17.50 within another 2.

Entry: $16.04

Exit: $14.89  - $1.15 .9R

Summary

There are a few ways I can choose to feel about this trade.  At one time I may have felt regret or chose to put a wider stop in taken more risk etc...  I could take pride in that I was right about the reversal.  But pride is not a consolation prize when money is lost.

Here is what I now assess this trade.  I used the wrong setup.  I was thinking that this would behave like the big % movers that  the fishhook set up works so well on.   So I got my fishhook entry signal and took it (causing me to buy high) I didn't put a ton of size so I could enjoy a wide stop.

What I see now is that a big% move out of a down trend is not appropriate for a Fishhook.  Rather it is a trend termination signal. This means I should have waited for the consolidation (i.e. RWLK) and bought the range expansion. Had I done so this would have worked beautiful.  As it turns out, it's a lesson learned.

New Swings- HYGS, HAWK

I bought HYGS today in a fishhook type trade- it also would trigger on the Elder Impulse . Given the strength of the V shaped recovery I thought this is worth a try.  Here's what I see.  A break of the pace of the down trend with a successful  back test. This is somewhat of a fishhook entry as the strong move held.  in at 16.06 Stop 15. 87.

HAWK:
I like this set up as it weathered the downtrend much better than most stocks and now it is flagging.  I've found that buying within the consolidation can be a decent low risk entry.  However, it might need to trade sideways for another couple of days.  It just hit the 13, so it may get a kick but I think its more likely to get its burst when it hits the 20.

Closed: HYGS

This was disappointing.  I sold off in the AM as the gap started to fill... then off to the races closing up over 11%

Trade summary:
Entry: 20.89
Partial exit. 21.53 (1/3 =.64 Remainder  $21.32  (2/3) + .43

This could have been a very good trade, instead I wind up with about a small gain.  So what went wrong?  I probably bought too high, which made me too fearful to hold as HYGS came in a bit.  I could have held the original stop but that was stretched due to the strength of the move I bought into.

Also weighing on my mind was that the earnings came in but revenues missed.  There was not aggressive buying so I thought the miss on revs might cause it to be punished. I had read the 10K and it looked like there was a big back log which should play out nicely second half the year.  Revs were down YOY because last  year there was a Q1 delay which caused revs to be booked in q2 2013.

New buy HYGS (and partial close)

HYGS  Got a great break out today.  Bought at 20.89.   I sold 1/3 my position off at 21.53.  Stop at days low on remaining -- $18.25.  1R. This was a powerful move on a thin stock so there is hopefully a lot more upside..

I'm on the highest margin I have been on all year. My account is also at an all time high.  That being said, I sold out a 1/3 of this position to  reduce my margin exposure as the market has been showing signs of weakness in its breadth and   A lot of my margin is devoted to some short positions to reduce the risk. But still, now is not the time to go all in.