Wednesday, June 08, 2011

Trade review 6-8-11

I got a few plays right on this day...



Opening on a gap down at the hod, this fell evenly and nicely all day, en route to a red finish of over nearly 11% today.


A gap down red to green move early on worked like a charm, and this stayed positive en route to an up close of over 6% today.


Opening on a gap down at the lod, this quickly filled and a red to green move took and held 3.50+ and while it closed off of the highs less aggressively, it ended up nominally for a better entry in the B/O on the cross.


Nothing spectacular, but a gap up fast filled and barely reddened briefly, before a red to green move yielded a long entry. It advanced decently until lunch, then it gradually decayed but kept positive, ending up over 0.5% today. Poor volume suggests longs should exit with their modest gains.



This looks like a win, given its negative finish of over 2.5% today. But a gap down open near the hod which fell early probably would have resulted in an entry that was lower than the close, which lost for shorts when it gradually recovered and closed strongly, even though it never regained the flat line.


A big gap down might have stopped to many longs from getting burned here, but it filled before lunch and even went solidly green. Anyone entering at that point lost money, because it soon reversed hard, fell back red, then evenly decayed into the close, which was south by over 7.5% today.



A gap up at the hod went sideways, fell under the flat line near lunch, but traveled  back up soon after. Another such trip occurred near the close, and it ended up closing unchanged from the previous session close. It did close lower than it opened today, but the probable entry price mostly broke even after commissions.

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


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