Wednesday, May 22, 2013

Trade review 5-22-13

I got a few picks right on Wednesday...

Hits:

RSOL 

A winning short as a gap up advanced initially, moving later along the flat line. It then moved under for entry. Rebounds held the flat line, and it closed south by over 13% today.

STP

A winning short off a clear gap down that fell on the noise candle and beyond for entry. A rebound held the initial high, and it slowly decayed the remainder, closing down over 21% today.

HTCH

A nice afternoon fade short win off a gap up that rose initially. But following lunch it slowly fell, going under the debut and flat line for entry. This kept up, ending down 7%ish today.

CETV

A gap up a cent above the lod rose steadily from the noise candle, yielding an entry long. It continued to climb, closing up over 12.5% today.

Misses:

CENX

A fake out loss long likely from early upward moves off a gap down. This peaked in less than an hour, then fell slowly to the flat line area, closing nearly unchanged.

MRH

A possible loss at least on commission when a gap up rose initially to trigger. It peaked in 50 minutes, then slowly decayed much of the remainder. Ending up around 0.50% or so, that was close to the entry point.
Push:

RATE

A no play push lacking a trigger long when a gap up moved up and down along the flat line most of the way. It closed weak and south by over 1% today.

Totals:
Daily record: W-4-L-2-P-1
66%   

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