April 8 trades

First the positions closed:

RGLS:
After sleeping on this one I realized I had just bought a gap on decent news WITHIN  a flag.  That's not usually a recipe for break away gap.  I believe that my eagerness was a mistake for my normal trading strategy and decided that it was best to get out.  Of course, most mistakes do not wind up in the win column but this one did.

Entry:  17.60
Exit:  18.30

NHTC:
I nailed a nice breakout here but I sold as it came it. This is the type of decision I struggle with. Do I let it consolidate and come in a bit and attempt to capture a bigger move or sell the rip?

Entry: 18.65
Exit 1: 19.66
Exit 2:  19.90

CAPN:
 I nailed an entry and was up over 15% and yet I take a loss. What did I do wrong here?  I suppose I got greedy looking at the weekly and I should have sold the the gap.  My refusal to take the profit was due to the fact that I put small size on this trade.  As it turned out that saved me from a significant loss.  And the exit. we'll I had the wrong handle on my stop and saw the price below where I thought I would be stopped out.  Enter,  oh shit moment.  So I sold.

Entry 7.18 avg
Exit:  6.35.  

New Buys:
CORT
I was early on this one last week and I got hit with a fade.  I go the signal in a 1,2,3 go weekly pattern today and I took it.  T

Entry: $6.26

XON:
Here's a sling shot trade setup.  A high momo stock pulled back to the 10 week and bouncing. This proved to be a good entry today.

Entry: 41.93

AMRN:
Nice expansion on the weekly and daily momo burst.  I feel this presents a low risk entry.

Entry: 2.53
Stop 2.42

TYLS:
I've been waiting on this one for weeks and today I got the 1,2,3 go weekly signal.

Entry: 16.73

Trade Journal Tuesday Feb. 17

I added to my XON position It appears that we are entering a consolidation area here (doji at the top).  A bit of consolidation should set XON for higher prices.

I caught a Huge  move in EBIX! I sold off half my position  at 25.77 as I did not expect much from this trade.

Bought some MGNX.- 35.57
 This was one I've been watching for a while It pulled back to the 10 week and consolidated nicely.  Now its ready to go It should retest its prior highs.

HPJ-- sold a 1/3 off. 5.75.  This had looked so good early running as high as 5.96.  The fade was not fun.  If HPJ does not resume towards the highs, I'm out.

JRJC: Has a breakout from a great base. Now back over 50 / 200 MAs.  Continuation please?

Bought NDRM 11.29.  I like this set up as it follows a tight range along the 10 Week.  This stock has demonstrated its power potential.  This becomes an "easy" trade as it has a clear line regarding where the position would be wrong.

Trade Journal Friday Trades.

AAPL:
All good things must come to an end.  I tightened my APPL stop and wound up exiting the position.
Entry: 5.05  March 115C.
EXIT: 11.51  (+6.46  128% in 9 sessions.)

I felt that AAPL was getting "toppy" here as it has gapped but then faded.  Since I was traveling, I knew I would not be able to monitor the position so I felt prudence dictated tightening my stop.  As the trade ends, this is my second biggest winner YTD.

IDRA: In trading there are some things you cannot control.  One of them is when one of your stock gapping against you.  In trading, you can't control whether you are right or wrong, you control only whether you decide to stay that way.   IDRA announced a secondary which caused it to open slightly below my stop.   Another reminder why I rarely put a lot of size on normal swing trade.  Although IDRA would bounce from that point, more often than not it is best to stick to the plan and let the trade terminate.  My loss was only slightly larger than I had planned due to the gap.

Entry: 4.25
EXIT: 3.91
-.05R

TASR:
TASR Gap fades,  I hate that.  I set my stop to in the money at it was hit at 27.28
Entry: 27.11
Exit 27.28





XON:
This one has some momo. Look at that weekly candle launched from the 10Week AVG.
Entry: 39.63