Tuesday, April 19, 2011

Trade review 4-19-11

I got some of these things correct today...



3 bucks here we come. I was mostly short biased UNLESS it opened up and looked strong early *and* took 2.75+ which it did 20 minutes in. It kept going the rest of the way, en route to a green finish of over 12% today. Each time this has had a red session, the next day it comes back swinging!


Gap up and crap from near the hod played out perfectly. Closed off of the lows, but still down over 30% today. Nice even dumping most of the way.


Another great play for shorts, this gap down filled fast and tanked evenly most of the morning, and traded sideways into the close, which was red by over 31% today.


Gap down indicated a weak session, which is what we got when it tried to fill early and failed. Once it took out the opening price again to the downside and held, it was a fade entry. It kept going south in the morning, and later traded sideways into the close, which was negative by over 9% today.


A flat open meekly tried to hold 7.50 quite early, and failed. It fell under that clearly, yielding a shorting signal. It kept up a nice even decay into the close, which was south by almost 9% today. A predictable fade play.



Arguably a win, since the enthusiasm did not last long, it is a loss since I was too long biased and some of them could have been faked out on how it played out. A gap down filled and greened, taking 17. It fell back under within 20 minutes, which was a shorting signal. The red to green could have lost money, though. Even selling ensued all day, and it closed down almost 7.5% today. An EOD close on the short still made money.



This is arguable as a win, since it failed back under 5 and closed below, too. It is a push since the gap was just too big, opening up and suggesting a flat stance. It fell from the start, but was so much over 5 initially that much of the downside was lost in getting there. Evenly fading, closing positive by less than 0.5% today.

Daily record: W-5 L-1-P-1


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