Sept 14 Trade Journal

Entered GMCR 60.07 as we get bearish range expansion following uptrend..  If we get follow through tomorrow, I think this could drop to the 40s.   

USE close of 9 hourly EMA to trail

GWR: Short  - -Nice move today Short in 61.60s  -- tight stop and bulls are getting tired -- nice close on the low.

Hourly --- bearish rang expansion pierced through consolidation area then did it again this morning.

VTAE: Fishhook breakout 

Averaged into a 15.13 position as the 15 breakout held

XIV: 

added anotheto the position.  Contango is now only (-3% still backwardization but this is the VXX short is the greatest trade.   

If this were not a mean reverting instrument there is no way I would take this trade with the size I am now up to. 

Sept 8.

Market was on a tear.   ...

 good because I called B.S. on Friday's pre-holiday plunge and went dip buying.   I realized I was too aggressive for market conditions so I lightened up the position today for decent $

Today's best buy... MPO

Although I saw the daily fishhook I didn't take it on Friday...  so If you miss one time frame go to the next... again a fishhook this time on the hour.  I bought the expansion and got a fantastic run to the close .. sold off half @7.20

CVT: This one held well through the market volatility back in 32.99

Finally,  TTPH get's destroyed post market.  off 80% I started buying in the 9.40s up to 9.70s.  These types of mean reversion trades can be tremendously profitable for several reasons.

SSR prevents shorts from piling on?
Who is left to sell?
News was bad? but is it that bad?  company still has a pipe line and 6.65 in cash.

Ignite 1 study was positive for Intra-abdominal infections
Ignite 2 for UTI .. was a total  failure.

It seems like there is a total disconnect as often happens post market.  Expect analysts comments over next couple days announcing disappointment and cutting price targets to $20s but comments that sell off was too much.

Sept 2 Trade journal

BroadMarkets:   The wildness continues after yesterdays thrashing a bounce

I love those sell off days-- if I don't have too big of positions as they tell you where the strength is

Take ITEK  it closed down a whopping .09 on Tuesday.  

Entry 12.58   --- now look at the 14% burst.  love it. 

Similarly, I bought BLDR today at 15:

look at the weekly: new high

EMES:
This was a horrible trade as I chased a countertrend move and got stuffed.  .. total amateur trade    I know better than buying Day 3.

Big News!

My trading has been limited over the last week. I was short going into Monday's selloff.  But   the most important chart  in my life is this one.

My daughter, Corinne was born on Monday 8/24/15.

I do not  anticipate taking my normal swing trade setups.  I took position trades in XIV, UWIT and PLNR.  PLNR is being bought out at 6.58-- I used the market sell off to buy at a discounted price of 5.59.

Aug 19

This is one I've been waiting on.  Finally the sell off to the 4EMA-- and that did not last long.

EFOI:

Stopped MBLY  -- This one didn't work. gapped on a hit piece from SA.  
Still, my buy early.  I would not be surprised to see a pop tomorrow .

Stopped MMYT

Just wouldn't break down-- Preservation of capital is the name of the game here so I reduced my stop price

TMF: (yesterday) fought off the trend line break and reversed.

ALJ

This trade is illustrative 

AUG 11- 14 week review

Week Review.


What went right

On the plus side I hit a couple of really nice winners in TREE and EFOI both are stocks that I got in before the crowd.  on pull backs following Earnings bursts.  Scaled out of both on the way up.  Kicking my self for not adhering to trading plan to hold last 1/4-/13 of these until the 4ema breaks.

What went wrong

On the downside, I was at times impulsive.  I had a ton of wash sales as I would catch my self buying junk and then bail on the trade-- again better than losses.  I had trades that would have been big winners, but bailed for small and mediocre gains.  ZYNE I had a 3.7% gain-- I had an out pre-market but  I gave up a 20+% move that day.  

Quick sure money v. Big money with risk   -- always the internal war with me.

The losses I incurred were on the short side going too big--  CENX one of my big winners from earlier in the month cost me a 1% hit.  Or simply trying to trade out of my style.  Friday was a big day, and I feel I got back on track.

Week Highlights:

TREE:
Entry off hourly channel gut into the pull back with 117. stop
Entry 122
Entry 119.19
Exits:  124.5 , 126, 131.57

EFOI: 13.24 Entry
Exits:  14.8, 15.53,

Low lights:
My low lights are big losses per-se (I like to think my focus on downside has cured me of those) CENX I was too aggressive on a trade that would have worked had I taken less size on the trade.


CENX short:

CARA:

EXEL:

On Deck for Next Week:

TTHI:

SPNC (short): Sold bear bar followed by a weak rally attempt buy bulls that faded.

AIMT:

SKX:

LPCN:
holding stead at the 4.  Next week a push above 17.20 will lead to a big move.

MMYT: (Short)

OHRP (Spec)
Took this A.H. 2.77 on news Soros took a position.  Given the Float size, and the way other  Hedgefund Guru plays have played out VLTC, PBTI, AQXP Recently, this one seems worth a shot.