May 8 Trades:

With the Vix running into resistance on the hourly over the last day.

 expected that we would get a rally and we did.   The markets took off right from the open:

Still my first  trade was on the short side:

NDRM, was gapping up on some questionable news.  What I found interesting however, was that there was no volume -- it was gapping 20% on <2K shares trading... I started hitting the bit.   I was able to get filled at several points with a high of $13.30

Entries $13.02, $13.30, 12.75

Targeting the  gap  fill.  Stop b/e.

PTBI,  My end of day buy, did not work as well on D3 as it did on the previous two days.  I took small gain here

Entries 7.35, 7.42
Exit. 7.47

GURE:
Stopped out.  This was a case of size kills.  Because I put on the additional size on yesterday,  I had to decrease my stop.

Filled at 2.44

CYNI, Entry 4.62 -- Exit 4.64
This was exactly the chart pattern I look for. (fishhook is circled) .. but I learned after I got excited and took the trade that this was a buyout.   Given that my reason for the trade was gone, I had no edge so I closed this.

May 7: SYMX, GURE, VGGL, TROV, CYNI, ADRO, PTBI,

SYMX

Sold 1.95
bought 1.86
Stopped 1.68


GURE:
My Gure postion really broke out. Unfortunately, I did not have a ton of size on the trade.
It then started to fade.  I added on the theory it will hold its weekly support and the surge will resume.  If I'm wrong, I'll have a tight stop to the downside.  Still I get the feeling I should have been selling instead of adding.   As a faded pop, often goes lower than where it started originally.

Add Gure:
2.67,
2.58

VGGL:
Entry 2.83

Stopped 2.25 (.04 slippage)

I played  this poorly. After the initial breakout attempt failed, I should have lightened up.  Instead I held for far to long and had too much risk on this trade that was never a great set up. 

TROV:
After being stopped out early this week (May 5)   I jumped back in.  I figured if this could fight off a failed breakout and rally even harder it is going to go.  As it came in today I bought at 9.42.  Pleased to see that it rallied all the way back to 10.

CYNI:
Bought 4.62. I thought this was up due to earnings and would fishhook.  Problem is that the gap is due to a buyout by CIEN.   I'm not in the merger arbitrage trade business.  I'll exit tomorrow.

ADRO:
I nailed ADRO for a good gain off the bottom The back test has now held 2 days in a row.  I'm back in at 29.10
with a stop 27.30   I could see this getting back to the mid-30s

PTBI:
My last two A.h. gap plays worked, So I'll try it again.  As volume is not as strong the gap (if any) is not likely to be as large so I'm playing it progressively smaller.vIt actually got slammed today but the A.h. often will give relief.

Entry $7.44