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.