Thursday, April 25, 2013

Trade review 4-25-13

I got some picks correct on this day...

Hits:

BCYP

A panic dump past the noise candle yielded a short. It bottomed early, but recovery still ended south by over 9.5% and likely below the entry.

INSM

A great long off a gap up that advanced after the noise candle for entry. Sideways moves soon followed, with a strong finish to close up over 9.5% today.

MM

A gap up moved sideways along the flat line, triggering a buy before lunch. It fell a bit, remained positive, then rose into the finish by over 3.5% today.

Misses:

SMME

A likely fake out loss short when a gap down debut moved sideways initially. It fell hard for entry, then continued to decline until lunch. A strong close ended it red by over 4% but around the entry point at best.

PTRY

A clear fake out loss off a gap up debut which fell beyond the noise candle to yield a short. It then reversed to the flat line and closed strongly to end up over 0.50% today.

Push:

MHR

A 1 cent gap down did not trigger long. It fell from open, and recovery fell short. After hugging the flat line, it closed weakly and south by 3.5% today. No play push.

NOR

A big gap down made shorts or longs too risky. It soon rose, but failed to green. A slow decline followed and it closed down over 9.5% today. Anyone shorting probably narrowly profited, though this is a push.

Totals:
Daily record: W-3-L-2-P-2
60% 

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