TRADE summary: AVNR, JRJC, JNUG, BITA, BABA VTAE

Today looked like it would be a very profitable day as I had some great early morning moves in JRJC and AVNR.  But then both started to fade.  Then things got shitty.  I took a position in BITA as it looked ready to pop.  It dropped.  And towards the end of the day, my  M/R JNUG traded failed (although I scaled back the position when it was slightly profitable) completed the sell off and stopped me out.  The one saving grace was that VTAE broke out big to the upside.

I sold off AVNR as it came in for now 3 days in a row after strong starts.
Entry: 12.96
Exit: 13.23
+.25R .

JRJC came in as well but I decided to hold  another day.

BABA:
I took a stab at an entry post earnings on a small position .  It didn't work  -.3R. Too bad because BABA traded up fore most of the day.



JNUG
It got a little pop in the AM but I wasn't crazy about betting on a "V" shaped recovery of gold. I used the bounce to reduce my position size.  I hoped the remainder would hold but it didn't

Entry, 4.48
Exit 1: 4.56 + 32
Exit 2: 4.00
-.7R

BITA
This looked like it was ready to make a big move.  and it did but to the downside after I bought

Entr: 83.55
Exit: 80.14
-2R

So up to this point the day was pretty much a bust.  I then got a pleasant surprise as VTAE which had not done much and nearly stopped me out on prior days went nuts late in the day.

Currently sitting at a 1.5R profit.  If there's any continuation tomorrow this will be a great trade and more than wipe out all the losers listed above.

opened: MNDO, JRJC, JNUG

There were a couple of decent MOMO burst type set ups and the gold miners put a reversal after getting pounded so I put on an m/r trade on in JNUG.

MNDO:
A break out with an earnings gap,  Good volume.  If the gap holds, this could be a runner.  Not crazy about the fade but it held up ok.  Right now its a "meh" trade.
Entry:  3.28
Stop: 3.10

JRJC
This former momo darling set up great and now put in the range expansion move.  Its trading action is what I like to see as it closed near the HOD (which I had the pleasure of buying 6.25).  If it finds some volume 7 looks to be the first target.

JNUG
I bought this as a mean reversion trade.  It had some nice action today after being destroyed over the last 2 months a range expansion after a tight dojo move can sometimes signal a bottom.  I'll stop at 4. prior day's low.

Some caution is still in order as a similar type move failed the next day in the end of September.   If it holds it could  move quickly to 8-10