Sunday, March 02, 2014

Trade review 2-28-14

I got some of them right on Friday...

Hits:

WLCDF

A nice short when off a gap up that steadily fell after the noise candle for entry. Reddening, it soon moved sideways, ending down over 11% Friday.

DANG

A gap up near the lod rose after the noise candle for entry long. It peaked in 30 minutes then moved sideways and a bit down to end up over 7% Friday.

Misses:

NVLX

Looks like a win, but likely a loss with this price action. A gap down fell early for entry. Then it reversed and greened strongly to fake out shorts. Late morning it finally fell red for good, ending down over 15.5% Friday.

HERB

Another fake out short off early weakness that rose late morning until it closed down over 0.50% Friday, which was probably above the entrance price.

EXCC

Another short fake out likely when a gap down fell after the noise candle for entry. It reversed soon to green, steadily advancing and ending up over 16.5% Friday.

JOES

A flat debut yielded an entry about 15 minutes in. But it soon rose and greened to stop out shorts. After lunch it fell steadily, closing down over 6.5% Friday. So it lost on fake out but ended correctly for sellers.

Push:

ELTP

The noise candle printed the lod, and it rose to green, denying shorts entry. It soon fell back under the flat line, but the initial low held, and it ended on a doji print barely negative. No play.

Totals:
Daily record: W-2-L-4-P-1
33% 

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