Thursday, February 24, 2011

Trade review 2-24-11

I got some of these things right today...



Gap up not far from the hod fell at once and soon went green to red. It kept up even fading into the close, which was negative by nearly 19.5% today.


Gap up at the hod immediately fell going green to red. Bounces essentially held the flat line, and it sold off faster into the close, which was south by nearly 7% today.


Another gap up near the hod that fell out of the gate, going green to red nicely. 30 minutes in it bounced to the flat line and held, resuming a sell off that picked up steam into the close, which was south by over 24% today.



Huge gap up discouraged entry for longs, which tried to fill immediately, so it was out early and most of the day. A short entry late on a fail of 4.50 whipsaw chopped shorts, though, as it powered back above into the final minutes, which could have lost money. Closed green by over 2.5% today but it finished lower than it opened.


Solid gap discouraged a long scalp as it did not really spike. The 2nd 5 minute candle printed Bearish. It peaked in the first 30 minutes and then gradually declined, eventually going red. Shorts were faked out on a whipsaw chop that closed strong, finishing green by nearly 3% today. This could have lost money for them.



Gap up open quickly advanced, looking strong early and often, denying shorts any entry. It approached highs in the initial 10 minutes and went sideways nearly all the rest of the session, closing on the hod in the neighborhood of 2% or more.


Big gap up discouraged entry. No real spike up to scalp into. The 2nd candle printed down, as it did for BDCO above. It closed well off of the highs, but still positive by over 41% today. Top calling was too hard given how the price action went, since it did not go parabolic but instead climbed and fell gradually & evenly.

My unofficial plays were mostly successful, too. COUGF opened on a gap up at the hod and never really gave shorts a chance, it closed positive by over 5% today. TUFF opened on a sizable gap down and fell steadily and evenly all day, closing red by nearly 23.5% today. TDGI opened on a gap up and soon went green to red, and early shorts were rewarded when the stock essentially held the flat line and fell under .06 in the afternoon for the fade cue. It closed south by nearly 8% today.

Daily record: W-3 L-2-P-2


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