Thursday, February 27, 2014

Trade review 2-27-14

I got some of them right on Thursday...

Hits:

HERB

A gap down entry on candle 2 yielded a short. It bottomed, rose again and declined to end down over 18% today.

AMRS

A gap down moved up and down early, triggering long during lunch. It kept going a bit more, ending up over 5% today for a small win.

ZHNE

A flat debut could not close above the trigger early and fell in the morning, then it triggered around lunch long. A slow move up ended up 1% today for a tiny win on correct entry.

EXCC

A gap up rose early and peaked in 35 minutes. It then fell, triggering short late morning. Keeping going, it ended down over 11.5% today.

Misses:

MDFI

A flat debut fell soon after open, yielding a short. It soon rose from there, faking out sellers, ending down over 12.5% today but probably above the entry point.

ELTP

A gap down yielded a short on candle 2. It soon bounced, going up slowly and ending down over 8.5% today. This faked out sellers who likely faded it below where ended.

Push:

NVLX

A gap up advanced steadily from the noise candle, denying shorts entry. It moved sideways late morning to the end, finishing up over 30.5% today. No play.

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

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