April 27 Straight Cash.

I did something this morning that I haven't done in a very long time... end the day with no positions.  I closed everything out: MRGE 5(.32), MVIS 3.65, EBIX 30.08, SQNM (4.56), FEYE (44.56), KRNT (15.05), LBIO (12.15), VSLR (14.46), AXN (1.66)

I did so because I have some  things I need to take care of and also the market monitor was showing signs of red lining with the number of stocks hitting 50% gains in a month exceeding 20.

So peace out.

April 14, Trades, Closed GBSN, AMRN, Opened AXN, MIFI

GBSN:
Got off to a good start.  Bought the close yesterday, 4.21 Sold the opening rush. 4.57 for a 8.5% gain

AMRN: I took this trade as it looked like it was swinging back around turns out it dropped.  I played this tight and its a good loss as I was able to take a large position  with only .5% risk to my portfolio value.  Sometimes they work, this one didn't

ENTRY: 2.53
EXIT: 2.42

AXN: Got a nice burst today giving it a move to the weekly breakout.  This is the number 2 stock in terms of momentum -- It's one that if it goes, it has already shown what it is capable of.  I've been in since the 1.83 and have added at 191., 1.98-99.

MIFI:
Weekly breakout, which takes out highest weekly close.
Entry : 5.65

March 20 Trades:

Over the past week, I'be been trying out some a RSI filters for my momentum trades.  Since I was in the experimental phase for my setups, I wanted to take a lot of trades to provide feed back as to what was working and what was not.  For that reason, I also cut my position size to at least a 1/3 of my normal size.   The feedback I gained from this little test has convinced me in the merit of this approach. 

LBIO:
After an encouraging breakout on Thursday, Friday saw a gap up and rejection.  After seeing this would gap up, I strongly suspected that this would not move higher so I moved my stop up to Slightly below the close on Thursday.   That stop was hit. All things considered .53 Gain +3.8% on a failed breakout is not bad.

Opened: 13.80
Closed: 14.33

AXN:This one looked promising on a weekly Time frame but that move failed and I got stopped out.
his was a trade to attempt to zero in on the interplay between my time frames.  Had I taken the daily move, I likely would have closed this out for a small profit as it had run to a high of $2.29 or nearly 15% from my buy point.   I Should have sold the gap on a daily.  Did I mention I hate continuation gaps in my favor?   They almost always put in a ceiling for a stock .


Entry: 1.99
Exit: 1.76.

ARQL: I closed this one as I realized that it did not fit my time frame.  Simply having monthly  and weekly power did not coincide with a good daily setup. After realizing I was in "no man's land" I realized there was no reason for me to be in this position so I closed it.

Entry: $2.22
Exit:  $2.35  +.13  +5.9%

CRMD:
I got stopped out as CRMD finally gave way to the 10 Day EMA.

Entry: 7.97
Exit: 7.71

Summary
This one deserves some extra discussion as I made a mistake in  mixing my time frames.  I used the daily entry and executed the entry very well. 7.97 within 2 days CRMD had traded up to 8.90.  But rather than take the gains, I was counting on the weekly/monthly strength to push this one higher.   As shown in the second chart the weekly breakout was not ready.  Thus, I should have used daily signals for an exit.

Although CRMD has shown tremendous weekly power, which allowed the pull back entry to work at support this was not ready to breakout.   This was only week 2.  For a Weekly fishhook to work its 1-2-3- GO!.   Since the weekly was not ready, the exit should have been determined on a daily chart.   

Although I took a loss on this trade, it was an "experiment trade" so the loss was small.   I think the lesson that I learned here  will be well worth it. 

 

Opened VLRS, GOGO, AXN, RMGN, ZAGG, ARQL, PTCT

I got a lot of alert signals today and I took a lot of them. I fully acknowledge, I do not know what any of these companies actually do, nor do I care.  They meet my setup requirements.  The market tells me that they are good and the market is correct.


VLRS:
Weekly heads over 70 on the RSI but I bought at 11.98 so I'm down a bit. That said, if this can hold I believe this has a shot for all time highs.

Entry: 11.98
Stop 11.00

GOGO
Weekly breakout after a week rest, clears resistance at 20.
Bought the 20 may  calls, 1.95.

AXN:
Nice weekly fishhook breaks above the momo line after a false start this surged ahead. This is showing that there is some power behind this move and I want to be in.
Entry: 2.00

RMGN:
Weekly B.o on the RSI.  I took this trade even though the RSI is not over 70. B/o had its moments but not as strong as others... Wait and see. This once was a $22 stock
Entry: 2.04

ZAGG:
Daily breaks range here

Weekly showing pure power.
Entry: $9.08

ARQL:
Breakout after back test of the b/o.  This one is showing signs of some power.

PTCT:
This is the one that I was hoping would give me the signal and to day it did. Weekly fishhook  range

Daily shows this move is range expansion.  It's time to run.

Entry: $76.66