Wednesday, October 03, 2012

Trade review 10-3-12

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

Hits:

BCOV

An easy win for longs when a gap up moved north from the noise candle and kept going for the entry. It finally peaked near lunch and moved down and sideways the remainder, ending up around 5% today.

RP

Another easy win for longs off an early weakness leading to a mid morning red to green move entry. It peaked near lunch and moved sideways the remainder, ending up around 2% today.

Misses:

EROC 

A narrow loss likely on entry since this doji printed but triggered a few times early. It ended around the buy price up less than 0.5% today. With commissions, it's a loser.

FBC

Another loss likely for shorts when this closed below the trigger late morning. It broke out over the flat line after lunch, and ended up like 4-5.5% or so.

Push:

PCS 

A no play push when a gap down did not trigger and began falling from the noise candle. A mostly steady decline that rose into the afternoon but stayed red by over 9.5% today.

TRIB


Flat moves in the early going that held the opening price gave way to moves up over the flat line that peaked near lunch. It remained positive and moved sideways into the close, up over 1.5% today. A no play push.

RIMM

Another no push as this gap up opened at the hod (below the trigger) and fell at once, denying longs a shot. Went red early and stayed under the flat line, en route to a south finish of around 2.5% today.

Totals:
Daily record: W-2-L-2-P-3
50% 

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