Wednesday, August 03, 2011

Trade review 8-3-11

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

Hits:

CXLT

A gap up and crap from the hod ensued from the gun, which fast fell red. This yielded a winning short. It kept tanking most of way, closing south by over 37.5% today.

AUY

The probable entry point on the 2nd candle or the return over the opening price after the pullback and flat line holding means this likely made a small win for longs after commissions. Closed up over 2% today.

Misses:

VRNG

A gap down open tried to fill, and failed at the flat line. It then fell under the opening price level, but that was short lived and could have faked out shorts. It greened somewhat, then hugged the flat line most of the day until it closed positively by about 2% today.

Push:

HEARQ

An easy no play as a significant gap down opened at the lod and advanced right away, eventually greening and closing positive by over 4.5% today. Shorts never had an entry.

STMP

Another no play as this opened on a gap up very close to the planned stop for shorts. Following the noise candle, it began advancing and it could not break under the flat line on an attempt. Then it just advanced, denying shorts a chance. Closed below the open but green by over 2.5% today due to the gapper.

JAMN

An easy loss to avoid for longs, when this opened on a gap down which did not travel above the close of yesterday at any time. After a rapid morning dump, rallies failed to challenge the flat line and it closed weakly, down over 33% today.

GPRXF

Another easy loss to avoid for longs, this opened right around the annual highs on a gap up and crap from the hod. It soon fell under the flat line and never recovered, closing weakly and red by around 8.5% today.

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

66%

New users: Read my trading guide for my play set-ups!

Review my blog at Investimonials:

Follow me now on Twitter:

Watch my instructional trading videos on YouTube:

Subscribe to Big T by e-mail:

Subscribe to Big T in a news reader:


The blog has a terms of service. Be sure to read it at:



http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html

No comments: