Tuesday, May 10, 2016

05/10/2016 RECAP

Nailed the opening move on NUGT, then failed to cover anything!  tried to be too patient thinking maybe would break down toward 80.  VRX, horrible entry and adds. 





Saturday, April 9, 2016

04/08/2016 RECAP


ACAD- took some short when it failed at 32 and slammed toward g/r.  stop was HOD, looking for
a 32 wash.
  



CPXX- i wasn't really watching this all morning, but decided to have a look.  when it started
breaking down again, i chased it thinking maybe it would wash toward 12.  was just a stupid
FOMO trade.  it was already 10:30, and it had big morning move.  i let it consolidate for a while,
thinking maybe it could wash more, or push toward the vwap.  i didnt want to risk to the
VWAP given i chased it already.  when it had a little pop over the 9EMA, i took it off.





MOMO- i started short when it spiked green, then i thought it was failing and wash red and
maybe 16 again.  realized i was wrong and that it held so took it off for basically flat. 
i kinda took it off radar at that point since most my attention was going into RLYP.  i saw that it had
failed to reclaim the VWAP twice, so i took a small position short, when i thought it was
about to wash red.  i put my stop at 16.65 when it held right at my entry.  i was ok with it
chopping around more, but given the daily chart and it being day 3, i was hoping it would fade
off late day.  i didn't really want to hold it o/n, especially the weekend.  i know that was
probably a bad idea, but given the volume and how it was trading, i'm hoping that it gaps down
on monday and at least washes 16, before potentially moving up. to me on the daily chart this
area has a lot of resistance and i think it will pull back before anything.  if not, prolly
gaps and tests 20.
  



RLYP-when it opened a bit weak, then spiked, i got long anticipating a r/g push toward 25. 
when it popped back down, i added more, using the previous candles as my stop.  stopped out,
the range and spread kinda freaked me out, i wasn't sure of the range.  took a short when
it popped up and made a lower high, thinking maybe a 23 wash.  took it off when realized
i was right on the long for the r/g.  kinda whip sawed me around and shook me up from the start.

i took a few seconds to kinda calm myself.  the took a really small short position when it failed
at 25.  I set 25 o/u as my stop, but since my size was way more appropriate to how
it was trading, i was ok having a bit looser stop at that paint, given the daily chart. when it went red
i added a bit more size.  should have covered some when 23 washed, but was trying to be patient. added a bit more,
think too early.  i thought a flag was forming and that it would crack.  covered it all when 23 washed again.
i was going to try being patient for the 22 wash with the rest, but decided to just take the profits.
 



TSLA- i chased some when it started to roll red thinking it would was 255.  took it off when
knew i was wrong.  took it off radar.  when i saw it was going to go red, i tried to get short
but couldn't filled.  when it washed and held the previous bottom, i canceled my fill to
make sure it wasn't going to bounce again.  when it started to roll over, i bit the bid.
i was looking for a potential wash toward 247.  i was thinking about holding this while at work
and just setting a market stop, and seeing if it could fade more throughout the day, but talked
myself out of it.  it is far too wild of a stock, and was already a nice profit.