Trade review 2-5-14

I got some plays right on Wednesday...

Hits:

VAPR

An early short from a gap up that fell after the noise candle to red for entry. It kept going, ending south by over 13% today.

FSPM

This fell early for shorts to fade. It kept going, en route to a down finish of over 22% today.

Misses:

HEMP

Fake out loss short likely off a gap up that moved sideways initially, then under the open for entry early. It bottomed near lunch, then rose gently, ending up over 14.5% today and probably above entrance price.

HW

Longs were faked out early with upside after this gap up rose for 30 minutes, then fell back to the flat line and moved along it until ending down about 1.5% today.

Push:

IMTC

A gap up printed the lod on the noise candle, and moved sideways early and then up to avoid fade fake outs. Closed up over 14.5% today.

RGRX

With commissions a flat debut no more than pushed for shorts. It fell early for entry, then moved sideways for a while. Closing weakly and down at least over 10% today but near where probable entry was.

PVG

Longs avoided fake out when this gap up fell from the noise candle and kept going, never taking out the initial high. It eventually ended red by over 2% today. No play.

Totals:
Daily record: W-2-L-2-P-3
50%  

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