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.
Showing posts with label MRGE. Show all posts
Showing posts with label MRGE. Show all posts
Monday, April 27, 2015
Tuesday, April 7, 2015
Trade Journal April 7.
Today I booked a bunch of profit and closed a few positions to manage risk.
RAD:
Nothing against this chart but with earnings on deck and only a small gain, this was not a binary risk I want to take. Closing it out for small change.
Entry: 8.65
Exit 1: (20% reduce position size) 8.73
Exit 2. 8.78 +1.5%
LBIO:
The gas is coming out of this one a bit. a Couple of moves to the upside failed. I decided to ring the register as this one looks like it needs some rest before going higher.
Entry: 11.09
Exit: 12.65 +14%
ADXS:
The Week 2 move has been less than impressive. Since the thrust has stalled in week 2, I'll get out with a decent gain and look for a retest of the b/o.
Entry: 13.90
Exit 15.38 +10.6%
VLTC:
This was a high risk trade given my entry, I was sized small with the plan of adding if it got going. It never did although I thought there was a chance that this could have blown the doors off on a short squeeze but the thrust couldn't keep the momo going.
Entry: 4.44
Exit: 3.95
MRGE:
I normally do not sell the first day breakout. But I took a partial here. MRGE exceeded my expectations
NEW BUY:
RGLS:
Entry 17.60, A.H. . I need to be a bit more patient on news driven trades. My thought was that the news gets this running out of this Flag. Small position.
RAD:
Nothing against this chart but with earnings on deck and only a small gain, this was not a binary risk I want to take. Closing it out for small change.
Entry: 8.65
Exit 1: (20% reduce position size) 8.73
Exit 2. 8.78 +1.5%
LBIO:
The gas is coming out of this one a bit. a Couple of moves to the upside failed. I decided to ring the register as this one looks like it needs some rest before going higher.
Entry: 11.09
Exit: 12.65 +14%
ADXS:
The Week 2 move has been less than impressive. Since the thrust has stalled in week 2, I'll get out with a decent gain and look for a retest of the b/o.
Entry: 13.90
Exit 15.38 +10.6%
This was a high risk trade given my entry, I was sized small with the plan of adding if it got going. It never did although I thought there was a chance that this could have blown the doors off on a short squeeze but the thrust couldn't keep the momo going.
Entry: 4.44
Exit: 3.95
I normally do not sell the first day breakout. But I took a partial here. MRGE exceeded my expectations
NEW BUY:
RGLS:
Entry 17.60, A.H. . I need to be a bit more patient on news driven trades. My thought was that the news gets this running out of this Flag. Small position.
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