It's been a couple of crazy, busy, and profitable days. I've put risk on took risk off played MOMO and Mean Reversion Trades. I'm trading very cautiously with reckless abandon. By that I mean I am taking a lot of shots but if they are not working I'm getting out very quickly. Given the number of trades I've taken I'm doing a bulk update.
Tuesday:
Closed VSR -Pre-market 6.13. There was a Seeking Alpha hit piece, The ebola trade is getting crowded and at some point it will end in dramatic fashion. I believe in booking profits and this one went for over 3R without a single minute of exposure to regular market hours, which would have been subject to a brutal pull back.
Entry: 4.20
Exit 1: 5.50 (31%)
Exit 2: 6.13 (46%)
CERS:
This had some momentum behind it and I had hoped it would continue. It seemed to get stuck, so I bailed.
Entry: 4.26
Exit 1: 4.18
Exit: 2. 4.05
- .04R
DGLY
This former momo beast started to show some renewed energy on a new patent and a new order. I though this move and news might prompt something bigger. I took a small starter position. Not to be it dropped hard.
Entry: 11.94
Exit: 11.05
- .04R
HCLP:
A blast from the past. Could it be bottoming? Bought 44.88 seemed to be fading. Do I trust this market? Nope
Entry: 44.88
Exit 1: 45.61
Exit 2: 45.22 +141
+.25R
LEAF:
So the markets fading but my LEAF trade has somehow miraculously not only held up after nearly being stopped ( I was probably down 1.5R with a 2R stop,) it gained that all back and somehow I'm green on the position. Market volatility is increasing. I decided to cut my position size for a small gain:
Entry: 33.75
Exit 1 (partial): 33.86
MAR
So this one is in a waterfall. It started to make a comeback, I didn't see it with the ebola thing going around. Who wants to fly these days? If no one flies hotels suffer.
Entry: 62.72 (target 60)
Stop. 63.75