Thursday, January 20, 2011

Trade review 1-20-11

I got a few of these picks right...



Played out perfectly. Opening on a gap down near the hod, it dumped almost from the start, going solidly red and continuing into the close, which was down by over 25.5% today.


Another easy win as it fell from nearly the start, opening on a gap down which evenly faded all day long into the close, which was red by nearly 20% today. This and the above stock consistently traded under the open.


It seems like the move out of the consolidation is up, which is hardly surprising. This greened right out of the box, gently rising all day and surpassing the previous session highs for the entry signal. It faded into the close a bit, falling back under 5, but it still finished green by nearly 2.5% today.


Being liked by Beacon Equity proved to be the kiss of death, as this gapped and crapped, with nominal early upside then a green to red fall under 3 and the open and previous closing price. Even fading all day into the close, which was negative by nearly 15% today.



A loss due to choppy whipsaw fake outs. After gapping up, the stock went green to red early and looked promising for shorts, but it zoomed positive, then hugged the flat line, reddened and closed strong to be green by almost 7% today.


Arguably a win, as on the daily candle chart we greened by over 11% and hit/held 0.10 today. But it was choppy. Opening on a gap up, it soon went red, came storming back green, then faded and hit enough below the flat line to fake out again, but closed strong. Such a whipsaw hurts any trade direction, and merits a loss.



Significant gap up negated a safe entry, but I got the direction and idea right. It moved up a bit, then corrected and lightly dipped red for a brief period, then steadily advanced into the close, which was green by over 8.5% today. The biggest volume yet printed. Arguably a win, and literally nobody got stopped out on the dip.

Daily record: W-4 L-2-P-1


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