Saturday, April 9, 2016
04/06/2016 RECAP
ACAD- didn't read this well for a short. was going based on yesterdays highs for risk. took the loss when i was wrong. tried again when looked like it was having a hard time at 31.80s. took it off for even when it pulled back and held.
CREE- i have a hard time playing these gap down shorts. my plan was for a 25 test and fail for the 24 wash. it happened so fast that i froze on taking the profits. cut it off when it started to look like it was going to test the HOD again. when it failed i shorted more, covered for a tiny gain, had to leave and i didn't like how it was trading.
VRX- quick trades for potential 33 washes toward VWAP. when it held support twice, look the gains.
MOMO- shorted into the 15.80s push, wanted to add if pushed through 16. covered partial at vwap. added back thinking maybe further wash. took it all off when it held and switched long with my stop under the vwap. sold bit too early, but nice profit. tried short again, thought it was setting lower high. took it off basically even. then kept shorting and covering in the chop. stop was way too tight. should have just left it alone at that point.
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