Opened CBAY

CBAY was a nice momo burst set up.  It's got volume and range expansion.

Entry 8.85

Opened WFM

WFM has set up nicely after making breakaway.  It now looks ready to go higher.  I bought at 49.08

Stop at 48.35

Opened SAMN

I like these narrow range pull backs after a big move. I drew a bunch of trend lines and thought SANM looked like a decent risk/ Reward trade here.  I got a trend line alert.

SAMN looks to be breaking away from the 3 week down trend it has been in.  This type of action suggests that the sellers are exhausted.  Once some buyers come in this could work pretty well.

Enter: 24.98

Stop: 24.11

Partial Close BOOT

I caught a nice move today on BOOT as it went up over 5% from my buy point.That being said, the volume was pretty anemic and it could not take out 19.  I sold off half my position at 18.90 for an .82 gain.

I plan on exiting tomorrow.  Either it makes anther push early and I'll sell it with a 19 handle or it fades and I'll take it out at $18.50

Opened, RWLK, BOOT

I opened a couple of momo burst candidates:

First RWLK
Entry: $30.73

I'm not crazy about the late fade but it held range consolidation. It could be building a base for a move to $35.  I've made one of my most profitable swing trades in this stock I know what it can do when it goes.  The burst just don't last that long so you have to be in before or right when it goes.  
Stop: 29.60

BOOT
Boot is another recent IPO.  The subsequent push on an IPO that does not initially fare well can be extremely powerful (and profitable)
Entry 18.08
Stop at the low --17.15 .6R

Closed MNDO

Took a shot as a swing trade on a momo burst setup.  I'm not generally crazy about the gap out of this setup but it had some decent earning related news. Unfortunately  MNDO  never really pushed ahead enough to book profits it faded I wind up with a small loss:

Entry 3.28
Exit. 3.10

Opened TUBE VTAE AVNR

A busy day as there were a number of setups I really liked.

Tube
A recent IPO that has had an orderly pul l back and a great breakout.  Now it appears that the back test was successful and when selling looked to be ending I took a position as it went positive
Entry $15.09

VTAE
A recent IPO that has shown some power. After checking down and retesting it went higher. This one has good potential.
Entry:
$13.70 ,  I bought higher that I would like. For that reason I didn't put a lot of size on .  I still think it makes a run towards 17 and for that reason I was willing to pay up for it.

AVNR

This is the move I was waiting for out of this pattern.  A great Bull Flag that was wrapping around higher like AGIO did before it burst out.  In at 13.01  

Closed RWLK. 22.37% Winner.

In a month filled with a lot of big winners. This one has been the biggest.  This was a buy one day sell the next morning trade.  I know from past trading that RWLK has a tendency to fade the day after a big move.  So I got my gap and I sold into the strength $31.73.  So I missed the fade throughout the remainder of the day.

Entry: 25.93
Exit: 31.73  +5.80  +22.37%  +6.6R

Summary

This trade worked well because my buy was an A+.  I bought it while the days trading range was s still a very tight doji after 4 progressively smaller down days.  Because the trading range was so tight, I was able to put decent size on the trade and only take a small risk .25R.  When you see that type of action after a move it frequently signals a that the sell off is ending and momentum is coming back into the market.  I sold RWLK high because I am familiar with this stock and could see that it made very few multi-day bullish moves.  The ones it makes are powerful, which is why I felt comfortable buying.

2017 -- Note:
In retrospect, I would no longer consider this a A+  setup or trade.  As An Ipo, this had not setup above opening range push, which means its a pull back setup, in a medical device stock, which tend not to perform well as IPOS. ..

As it turned out, I bought a position in a low float stock that got a push and then sold close to what would be the highs of this stock:

Opened RWLK-- Love it when this happens

RWLK looked like it was going to have a very quiet day.  I thought I would try a breakout anticipation type trade as it was in a very tight range after trading down the last 4.  Some of the other recent IPOs like CYBER were having strong days, so I figured why not, because of the tightness of the range I was able to put some nice size into this trade.   Shortly after I entered, this exploded for a huge day.

Entry: $25.93

We'll see what tomorrow brings.

Opened and closed: JAKK -- Joke was on me

I was traveling but JAKK was on my watch list.  It had everything-- Nice Consolidation, good earnings, improved guidance, a small float and a allegedly huge short ratio.  At a minimum this was a nice momo burst set up, but I had Big Gain Hunting on my mind as  ESI, which put up a 250% move after beating expectations with a high short ratio.   I bought pre-market. (painfully high) and then added and added again.  I then came to my senses and puked it out.

Entry 1: $9.50 

Entry 2:  $8.94 

Entry 3. $7.51 

avg. $8.93

Exit: $7.23

-2.45R

There's a lot to talk about here.  First, I let my expectations override the price action.  When this trade  started to fade I should have gotten completely out.  Waiting for a bounce on a losing position is a recipe for disaster.   Second, I'm guessing that there was a lot of shorts exiting their positions well before earnings.  We had a great V shaped recovery that would force a lot of short covering.  Since short ratio's lag, I think its a fair bet that the ratio was not nearly as high as reported.  That being said, I think bulls flooded into this trade with expectations of a squeeze and when it never materialized we got destroyed. 

From my own trade, I was horrible here.  I was traveling so I gave it more time than I should have,  I then added as it went against me.  I deserved this loss. 

BABA Daytrade

Of the setups I went through this morning BABA and TWTR looked the best.  TWTR had a downgrade so I looked to BABA.  I loved this set up as the day before had a very tight range. It was trading up slightly pre-market futures were up and all the leaders were catching a bid.  I entered pre-market at $88.80.  It broke 90 and then went off to the races.  I sold out at $91.57 after it ran to 92.50 and started selling off.

Entry: 88.80

Exit. 91.57 (+2.77)

1.34R