Wednesday, October 24, 2012

Trade review 10-24-12

I got some of these things right today...

Hits:

GWYRF

A gap up from the hod moved sideways, yielding no obvious entry until near lunch. A 2 cent gain about which probably means at least a modest win after commissions on a stock of this price of any real sizing. Closed red by about 0.5% today.

NIHD

A flat debut fell hard from the open, but it bottomed in 45 minutes and began to rise strongly. After hugging the flat until lunch, it broke over it and the open for the entry buy. Another trip just under the flat line easily held earlier lows and it closed strong and up over 2% today for the win.

Misses:

ARI

A fake out loss likely with the price action. A gap up printed the high on the noise candle and fell hard and under the flat line. A rebound triggered near lunch, and moved sideways and up and down on the gap line. It closed weak and likely under the entry buy, ending up nominally today.

Push:

TFER

A clear gap up from near the lod rose out of the open, with pullbacks essentially holding the open and flat line easily. It moved sideways mid-day and closed strongly, up over 9% today. Longs had no play. Push.

RGS

Another obvious no play push when a flat debut fell from the noise candle, with a late short lived mild greening falling short of making any new high. Then it closed weak and down a tad.

RSH

A 2 cent gap down fell from the hod, and later on near lunch it greened a tad briefly, then fell back under the flat line, hanging around under it until close, which was red by over 1.5% today. No play push for longs.

BRCD

Another likely no play push. A gap up rose on the noise candle, but the following one could not take out the initial high and it fell from there to the flat line. Then it rose and equaled but could not surpass the initial high. It moved sideways the remainder, closing up over 1% 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: