Wednesday, January 04, 2012

Trade review 1-4-12

I got some plays right on this day...

Hits:

AMEL

A 1 cent gap down at the hod fell at the bell, and shorts had a play for the ages after the noise candle. It kept tanking all morning until near lunch, where it traded sideways the remainder to end red by over 30.5% today.

RAM

A gap up advanced early on, but peaked soon after and headed back to the flat line. It cracked late afternoon to go red and under the opening price level for the short entry. A red close followed by over 1.5% today.

PRXI

A gap down fell steadily out of the open from near the hod, allowing a short. It decayed all day until late afternoon, when it rose a bit into the close, ending south by over 3.5% today but likely under the entry.

Misses:

SRCI

Another gap down by a cent or so near the hod fell but only near lunch it did not seem to print earlier or after. Presumptively, despite closing down by almost 10% today, it would be a loss after commissions if entered after the 1 red candle, given it did not trade later. It never should have been on the list given the liquidity. This showed up on my Supernovae scan but the volume left something to be desired.

Push:

MOTR

A flat open never triggered, printing the hod of the noise candle. It soon fell under the flat line, then dived until lunch. A slow recovery ensued, though it never greened. A no play push ending red by around 2%+ today.

MBI

A gap up fell from near the hod out of the gate. It essentially hugged the flat line for several minutes after closing the gap, then fell red. Long never had a play here. Late morning it stopped reddening and advanced a bit then moved sideways the remainder, closing down by over 3% on a no play push.

AONE

Another no play push off a trigger that never happened. This one opened right at 2 as the hod. It fell at once. Hugging the flat line half of the day, it fell under near lunch, recovering a bit into the close to end down by over 1.5% today. Longs never had an entry.

Totals:
Daily record: W-3-L-1-P-3

75%

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