Wednesday, June 01, 2011

Trade review 6-1-11

I got some of them right on this day...



A gap down near the hod just evenly decayed most of the way, en route to a red finish of over 13.5% today.


A gap up near the hod fell from the start, rebounded to the flat line, closed weak to end red by 15% today.


A gap down near the hod reached for the flat line, failed, & evenly decayed, closing down almost 13% today.


After advancing early from a flat open, this fell red at lunch and kept falling, ending down almost 32% today.



It's possible many shorts broke even here, but many must have lost a bit, too. A gap up looked strong early, but it tanked before lunch and fell red. The probable entry was near the closing price today. A trip back over the flat line failed to keep rising to previous highs and began to fail in the afternoon. A rebound into the close ended the day positive by no more than 1% today.


Not every long was trapped here, but some could have been. A flat open advanced early, still green beyond the initial noise candle. It fast reversed 10 minutes in and kept diving, never regaining the flat line. Closed down almost 7% today.



This looks like a win on paper, but most longs probably gave up watching it as the gap down went sideways early, then went red to green, with more flat line trips holding. A strong close ended up over 2.5% today.

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


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