Lots of selling today. 524 stocks down greater than 4%. Unfortunately, I owned several of them. I got knocked out of a bunch of positions as stops were hit. That's trading. So here's the damage:
OREX-- This was the first to go. It's breakout never really got going. This hasn't really broke down...yet. But I didn't go into this trade to wait for 4 weeks in hopes that its move would resume. I'm perfectly fine getting out here.
Entry: 6.09
Entry 5.94
Closed 5.68
ISNS, This actually made a run after gapping down but it was not to be. It was sold off and I'm out. My mistake was selling my second lot, more than buying my third.
Entry 1: 3.08
Entry 2: 3.01
Entry 3: 4.02
Exit 1: 3.21
Exit 2: 3.04
Exit 3: 3.55
MPAA
This was a breakout trade that got slammed back down.
Entry:35.65
Exit 33.80
-.9%R
TUBE:
This was a decent trade. I stayed committed to my plan to use the 6EMA as my stop, which meant I moved it up. As the market sold off, TUBE was closed
Entry 15.86
Exit: $16.75
+.6R
GMCR
I closed my short out as out GMCR was down 6 days in a row. Since it did not appear this morning that we would have the selling we did this afternoon, I figured there was no sense in pushing this trade farther. I had traded it nicely
Entry 140.72
Exit. 131.90
1.5%R
YRCW
Another Breakout slammed back down.
Entry: 24.92
Exit: 23.95
AMED:
I bought this on the B/o this morning. I played it with a tight stop as I figured a true breakout shouldn't go red on breakout day. This one was crammed down.
Entry: 26.89
Exit: 26.26
Showing posts with label YRCW. Show all posts
Showing posts with label YRCW. Show all posts
Monday, December 8, 2014
Friday, December 5, 2014
Opened YRCW, RESN
YRCW is setup very nicely. The Gap has held and now its breaking out of consolidation. This move was all in one solid push with not much action after. Stop at the LOD
RESN is a recent IPO that I've been waiting for to move. Today it did. Perhaps I was chasing bought at 9.26. But it's another thin stock that moves fast. I got the buy alert and did not hesitate despite the size of todays move.
The Weekly Chart:
This would be Week 1 of the IPO trade b/o. It's go time and I'm not missing whats about to follow. Stop < $8. 2 week support.
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