Monday, July 02, 2012

Trade review 7-2-12

I got a few picks right on Monday...



A narrow win for shorts when a gap up climbed on the noise candle, then reversed. It bottomed in 25 minutes, then gradually climbed, even greened. Though most would exited by then, and it closed under the likely entry by day's end, positive by a hair, due to the gapper.


A gap up fell on the noise candle, then went r/g for the long. The flat line held, closed strong up 1.5% to win.



A fake out. Early red to green move after a flat debut slowly reversed near lunch, etc. Down 1%ish. A loss.


This looks like a clear win, but it's a tiny loss after commissions given the likely entry point. A flat debut fell fell hard on the noise candle, then moved sideways and up the remainder, closing down over 5.5% today.



A no play push when a 1 cent gap down equaled but did not exceed the trigger price to enter. -1.40% end.


Huge gap negated any entry. It worked short, though. Fell all day steadily, closing up almost 7% via gapper.


A 1 cent gap up rose steadily a cent off the lod giving shorts no play. It ended up over 9.5%. A push.

Daily record: W-2-L-2-P-3


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