Wednesday, January 16, 2013

Trade review 1-16-13

I got something correct today...

Hits:

NVTL

This gap up not far from the lod triggered by the stick following the noise candle, and kept going for longs. Moved sideways into the afternoon and closed a bit weak, but still up almost 13.5% today.

Misses:

ADEP

Unless a perfect entry happened this was a loss factoring in commissions, with entry coming near the ending price. A gap up fell negative on the noise candle, then moved up and down along the flat line the remainder, closing negative by over 0.5% today.

GLUU

Like the above stock, unless a perfect entry on the afternoon crack of 2.40 happened, this was a fade loss factoring in commissions since the close was nearly the same as that price. Ended red by almost 1% today.

KCG

A fake out loss for longs likely factoring in commissions, when this triggered about an hour in. It soon fell back to and moved along, the flat line. A stronger finish ended it unchanged/a bit up, for no gain net.

Push:

ZPPB 

I have 2 conflicting charts. One showing no volume, thus a push, and another showing a modest loss of over 5% off a gap up that reddened on the noise candle and kept going. But the entry point shorts would likely be near the close as it recovered into the afternoon. I'm assuming that means push.

BGFV

Save for the noise candle, this fell early and remained negative, not triggering. It eventually moved sideways and under the flat line, closing down over 1.5% today. A no play push for potential longs.

HOV

A no play push lacking a trigger, when a gap down rose initially from the noise candle, but stalled at the flat line not hitting the entry price. It began a long descent, closing down almost 4.5% today.

Totals:
Daily record: W-1-L-3-P-3
25%     

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