March 19 trade journal

Bought LBIO 13.80 as it fishhooks.

Target 3 day run.


BOOT:
25.47
target 30 

MTSI:
Great weekly breakout.

Closed:

REPH:

Bought from 6.40

Sold  7.42  The mm's tagged me during a low volume period.  So I'm out but I can live with the 1.02 in 3 days. 

DFS

This hasn't quite broke down. But my options are going to start getting the theta decay kicking in.   I thought it would be better to take the small profit and avoid the decay. 

Entry .75

Exit .85

PTCT.
Breakout fails.  stopped out at 70.05
Shit

MVIS:
Took a huge run on this
2.92. 3.88 in three days.  I'm going to take the gains and  wait for this to set up again .

March 18, No changes today.

I didn't add today as I want to see how my positions weather pull backs.  So far, mostly good, nothing was stopped out and MVIS absolutely ran. 

MVIS:

Breaks to Mult-year highs today with an RSI and MACD highs as well.   The prior resistance should act as support-- enabling me to move my stops up to the 3.30-3.40 range. 

CRMD:

A bit of a pull back today but still above my buy point of 7.98.  The magic line continues to hold. 

Bigger picture looking like a 2 week rest similar to early feb. Very health as long as the range holds.

REPH:

I expected a pull back after being up 30% + in 2 days.  That said. This bounced off its lows very nicely.  Perhaps a fishhook into the week in? As long as it holds the EMA 7 this move is still very much enact.

DFS:

My short position:

DFS bounced off of its lows which looked like it was ready to completely break down.  IS this a pivot or a 1 day event.  I'm not sure. 

CYTX:

Bit of a pull back on the daily.   But stop at 1.10 still holds

Weekly range continues to tighten, when (or if) this breaks should store up some power. 

VLRS:

Held range, nothing otherwise notable.

GOGO:

Inside day following breakout, nothing notable.

AXN:

Pushed initially in the AM which was sold. Although it pulled back the breakout point(and my stop) held. One step forward .75 back has been the recent history on this move so nothing surprising. 

RMGN,

This one ran in to selling but volume was relatively light compared to the bullish days.  Hopefully there's some buying as my stop holds by just a bit. 

ARQL:

Yesterday had  a big move.  I was encouraged as this bounced pretty well off its lows and closed pretty close to the open.  Could be set up to run into the end of the week as the bear's initial attempt failed to kill off the rally was rejected.

PTCT:

This the one that surprised me the most as yesterdays breakout was completely rejected in a convincing manner.  I took a small position as I'm playing the weekly move giving me a wide stop--My stop is at 70 -- so I'm hoping this was just a one day- late selling and we'll get a bounce back but if not it's time to get out. 

ZAGG:

Goes in the nothing to see here category. Would have liked to see more follow-through. 

DFS It doesn't pay to discover.

Markets rallied on a China Interest rate cut.  Stopped out on DFS for .90 loss.  I think the stop was probably too tight.


My profit stop in FB got hit so I took a .20 profit.  ( sort of a stupid and pointless trade)

NEW positions.

The markets rallied hard today off of news that Europe may attempt some type of bailout.  I'm not buying the butter flys and rainbow.   I used the rally to take a number of positions.


I had previously had been long DFS but got stopped out after the breakout failed.  Failed breakouts usually make great shorts and so i went short after today's rally.  I got filled on 100 shares.  I had some additional orders incase the rally went higher but I didn't get filled.  So I'll use this as a test position.

FB had a big rally this afternoon  after languishing most of the morning.   I have a position for a small move. Short 100 at 26.88

 ON MAKO I went long.  as it looks like it put in a bottom after a major gap.   Its traded higher but still close to the lows which makes a nice place to put a stop and a decent risk to reward trade.  Long 250 at 22.97

 I also went long Oil via the USO ETF.  Similar to Mako there appears to be a rally off a bottom, which  allows a tight stop.  USO has been prone to "V" shape recovers so here's hopping.

DFS: Stopped out

DFS had been holding up decently in a bad market.  But it couldn't hold on.  The market dropped 2% today and I was stopped out at 32.   I suppose I could have sold out with a small profit over the last month and perhaps should have given the overall market conditions,  11 of the last 12 days were down.  But I was hopeful that would pass and I wanted to be in the stronger position.   All in all this was traded to plan.  Although I was stopped out the loss was small. Shit happens. 

New Order: DFS

This  is starting to look interesting  It looks to have broken out of a consolidation period.   The Daily looks decent and perhaps the start of a move. 

On the Weekly it tested the 10 week MA and held.  on its run from 13- $25 the 10 MA tracked the price pretty well until entered a sideways period.