Wednesday, August 20, 2014

Trade review 8-20-14

I got some of them correct on Wednesday...

Hits:

MRIN

A gap down advanced from early on and kept going, triggering long. It ended up over 4.5% today.

MNDL

A gap up triggered long late morning. It kept going, ending up almost 7% today.

Misses:

WLDN

A fake out for shorts likely when this gap up fell early, only to reverse and green. It ended up over 2.5% today.

Push:

DEPO

A gap down could not close above the flat line, preventing fake outs long.It doji printed, ending down over 1% today.

ROYL

A no play on this gap down that never triggered long. It doji printed and ended down almost 1% today.

SGMS

A no play for potential shorts when this gap down moved up and down the flat line and did not quite trigger. It ended down almost 1% today.

DGLY

A clear gap up discouraged longs, but it soon peaked and steadily fell for a 7 fail. From lunch on, it fell and ended down over 18% today, but the gap situation made shorts risky by my rules.

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

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