I got some of these right...
Hits:
JRN
This fell under 5 for the fade entry, en route to a red finish of over 4%
MNTA
Perfect gap down and fade action all day en route to a red finish of over 12% was very playable for shorts.
SILA
Great morning panic, this finished red by over 10% and was down much more than that early on in the session. It recovered nicely, to a degree, but the short scalp was a gimmie if you had borrows and good fills.
Misses:
NYMX
This faded during the early session neatly, but recovered and finished green, so it must be called a loss.
IDSA
Gap up faded somewhat, but it finished green. My timing may be a day off here, but a loss is a loss.
Push:
INFN
This fell by nearly 2%, after a gap down and early weakness led to a gradual climb up to end out the day. Arguably a push, as it closed higher than it opened. I called it as a down direction day, though.
Totals:
Daily record: W-3 L-2 P-1
60%
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4 comments:
You seem arrogant and cocky. I nailed this... I nailed that. Who cares! Did you trade it? NO! Then, why even brag?
my short scans have been yielding long results lately, stocks , large gainers with market cap under 5 million,that used to plunge are staying up longer!
I am neither arrogant, nor cocky. Whether I traded it or not is not material, what matters is the quality of the list/setups/analysis so that any given reader can make a play on a targeted security.
I get mail all the time from readers who "nailed" a play from my own lists that I missed or passed on, by the way. That is the value of having good source material for inspiration.
All too often, other so-called "gurus" brag about *their* individual trades or results, which are of little value to other traders, surprisingly.
If their lists suck, your odds go way down.
If I succeed in *calls* over many plays over time, the odds of readers selecting from good candidates goes way up, along with their winning percentage.
If I obtain borrows on any given individual play, and win big and brag, it does not do *you* any good. What if you lacked borrows on those individual plays?
What if they were all over plays that were close to impossible to borrow for YOU but because I had multiple accounts and better funding and brokered with Goldman Sachs I obtained them, but not you? What if those were most of my "picks" that I listed?
Do not be deceived by this common error of neophytes!
What matters is your trades and your wins, not mine.
This is where a well researched, timely and high percent list comes in, sporting good setup analysis and logic to make your own calls from.
Now do you understand?
In the market, anything can happen. Often days happen where little logic applies, and you take a beating. The key is knowing where to admit you were "wrong" and not being stubborn about being "right" to yourself or others. It is all a numbers game, where you try to enter with criteria/rules and exit similarly, hoping to be in the money over time.
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