Wednesday, April 25, 2012

Trade review 4-25-12

I got some of these things right on this day...

Hits:

SEFE

A long over due win for shorts when this advanced out of the gate early before crashing and burning back under the open and flat line for the panic dump fade around lunch. It kept diving, reddening near 24% today.

LQMT

A gap up and crap for the fade ensued, crossing under the flat line and open early. It continued to dive, ending south nearly 27% today.

PDFS

A narrow win for longs when a gap up filled at once on the noise candle, but went red to green soon after. It did not get above the open until the afternoon, but glided into the close up over 1% today.

MX

A gap up fell initially, then reversed to above the open for the entry long. It retraced earlier highs again before gliding into the finish, up over 2% today.

 Misses:

GTIM

Looks like a push but about 35 minutes in it fell under the open after moving up initially, drawing shorts in. Soon it rebounded and hung around the flat line until a strong close ended it positive by almost 10% today.

RACK

This gap up fell under the open after the noise candle to draw shorts in. Then it reversed and made new highs, likely stopping out sellers. It soon peaked and headed back down, eventually crossing the flat line and ending negative by over 2% today, adding insult to injury.

Push:

AXK

A gap up from the lod advanced from the start, denying shorts any play. It stayed positive all session, ending up by over 18%. A no play push.

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

66% 

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