Lots of selling today. 524 stocks down greater than 4%. Unfortunately, I owned several of them. I got knocked out of a bunch of positions as stops were hit. That's trading. So here's the damage:
OREX-- This was the first to go. It's breakout never really got going. This hasn't really broke down...yet. But I didn't go into this trade to wait for 4 weeks in hopes that its move would resume. I'm perfectly fine getting out here.
Entry: 6.09
Entry 5.94
Closed 5.68
ISNS, This actually made a run after gapping down but it was not to be. It was sold off and I'm out. My mistake was selling my second lot, more than buying my third.
Entry 1: 3.08
Entry 2: 3.01
Entry 3: 4.02
Exit 1: 3.21
Exit 2: 3.04
Exit 3: 3.55
MPAA
This was a breakout trade that got slammed back down.
Entry:35.65
Exit 33.80
-.9%R
TUBE:
This was a decent trade. I stayed committed to my plan to use the 6EMA as my stop, which meant I moved it up. As the market sold off, TUBE was closed
Entry 15.86
Exit: $16.75
+.6R
GMCR
I closed my short out as out GMCR was down 6 days in a row. Since it did not appear this morning that we would have the selling we did this afternoon, I figured there was no sense in pushing this trade farther. I had traded it nicely
Entry 140.72
Exit. 131.90
1.5%R
YRCW
Another Breakout slammed back down.
Entry: 24.92
Exit: 23.95
AMED:
I bought this on the B/o this morning. I played it with a tight stop as I figured a true breakout shouldn't go red on breakout day. This one was crammed down.
Entry: 26.89
Exit: 26.26
Showing posts with label TUBE. Show all posts
Showing posts with label TUBE. Show all posts
Monday, December 8, 2014
Monday, November 24, 2014
Opened ESI, TUBE, EXAS, AVNR
ESI: Looked ready to resume the uptrend. It bounced off of 8. which provides support
Entry: $9.16
Tube Staged a nice reversal after hitting support
AVNR: nice range expansion. Good action going into the close
Entry: $14.40
Entry: $9.16
Tube Staged a nice reversal after hitting support
AVNR: nice range expansion. Good action going into the close
Entry: $14.40
EXAS:
After some contraction, EXAS got a pop. It gapped the open and then faded. As it got a late burst of strength I bought.
Entry $24.23
Monday, November 3, 2014
Closed: TUBE, YOD, Day trade BABA
Today was kind of a a "meh day." I didn't get much traction on anything. I closed 3 positions for a total of 1R profit.
First Tube. This was just a disappointing trade as it had potential but faded once it looked it would gain traction. I really dislike b/o faders. So I banged it out. This needs to set up as a flag again and I would bet that it is going to take 15-20 days before it is ready to breakout.
Trade Summary
Entry: 15.09
Exit: 15.43
+ .26R
My entry was relatively poor in this stock as an entry at 14.80 should have been had. But what ever, this is what it is.
YOD:
On the Short side my fade of YOD played out perfectly. I bought it in as the volume started to dry up. I had set a buy order at 1.86 last night--turned out to be the LOD. That being said, so did some other traders and I didn't get filled there I got filled. I banged it out at $1.94
Entry: 2.19 avg
Exit: 1.94
.58R
This one worked out well. No need to be a hero or wait for another .20.
BABA:
Baba set up for a nice breakout. 101.20. It made a nice run after word hitting a high of 102.80. I am very adverse to b/o fades and I hate taking a loss after I'm up over a pt in a stock so I moved my stop to 101.75. Although that held for most of the day a late day plunge took me out -- filled at 101.77
Trade summary
Entry 101.20
Exit: 101.77
.18R BABA then decided to surge on A.H. trading as traders wanted to get in before earnings. I thought I saw a 105 print which would have been good for at least 3R from my entry. Oh well--protect capital first.
First Tube. This was just a disappointing trade as it had potential but faded once it looked it would gain traction. I really dislike b/o faders. So I banged it out. This needs to set up as a flag again and I would bet that it is going to take 15-20 days before it is ready to breakout.
Trade Summary
Entry: 15.09
Exit: 15.43
+ .26R
My entry was relatively poor in this stock as an entry at 14.80 should have been had. But what ever, this is what it is.
YOD:
On the Short side my fade of YOD played out perfectly. I bought it in as the volume started to dry up. I had set a buy order at 1.86 last night--turned out to be the LOD. That being said, so did some other traders and I didn't get filled there I got filled. I banged it out at $1.94
Entry: 2.19 avg
Exit: 1.94
.58R
This one worked out well. No need to be a hero or wait for another .20.
BABA:
Baba set up for a nice breakout. 101.20. It made a nice run after word hitting a high of 102.80. I am very adverse to b/o fades and I hate taking a loss after I'm up over a pt in a stock so I moved my stop to 101.75. Although that held for most of the day a late day plunge took me out -- filled at 101.77
Trade summary
Entry 101.20
Exit: 101.77
.18R BABA then decided to surge on A.H. trading as traders wanted to get in before earnings. I thought I saw a 105 print which would have been good for at least 3R from my entry. Oh well--protect capital first.
Thursday, October 30, 2014
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.
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
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