Thursday, May 02, 2013

Trade review 5-2-13

I got 1 pick right on Thursday...

Hits:

BCOV

A nice short on the 7.50 fail when this gap up moved sideways on the flat line and triggered 30 minutes in. It then fell steadily until afternoon, rising a bit to end down almost 4.5% today.

Misses:

MTOR 

A fake out loss likely when a gap up fell initially, closing under the open and flat line for entry short. It slowly reversed most of the remainder, closing weakly but up over 2% today.

FBC

A fake out loss assured when a gap up rose for the 1st hour, triggering. It steadily fell from there, closing red by over 0.50% today.

TIVO

A fake out loss short sure factoring in commissions when a gap up fell in the morning to trigger. Then it moved up to and along the flat line the remainder, closing unchanged today.

Push:

MWA 

Assuming perfect entry on the 2nd candle, this is a bare win or push factoring commissions. More likely longs kept flat altogther considering the sideways price action. Closed up about 1% today after early weakness reversed nominally.

IAG

A no play push certain when a gap up near the hod fell from after the noise candle and never triggered. It moved along the flat line closing weakly and down less than 0.50% today.

TVIX

A no play push when a gap down failed to trigger for potential longs. It slowly fell all session, en route to a down finish of over 5% today.

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

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