Tuesday, 12 November 2013

Trades 12/11/13

Good day of trading, very few unnecessary or big trades

Lessons:

Washout plays - 

  • Have sell orders ready in case there's a quick spike 
  • Good for a quick bounce, they mostly drift lower
  • Entry around 10 is best
  • Higher priced ones work better


Gappers: 3/4

Washouts: 8/11

$QUIK was down 15% in pre, took some 2.90s sold for 10c; it closed hod 3.15
$PTX got in 10 min from open 1.80 with 1.70 lod being risk, got out fo 2, it hit 2.30
$BIOL 5 min from open dropped hard out the gate then bounced, 1.55 when it made nlod I got out
$BIOL was basing around 1.50 at 10:30 rode it to 1.60; closed 1.50
$SRPT bought 9:50 15.45 with 15.20 risk 16 target, sold 15.78 and 15.94 with 10 minutes; it closed much lower
$AMED bought 10-10:30 at 14.25 with 14 risk 15 target. Sized in when it was basing around 14.25, sold 14.50, 14.75 within the next 30 minutes; it drifted lower after
$DM 9:50 1.25-9 then out 1.20 when it made new low
$DM 11 1.05 it looked like it was basing, didnt take 1.10 exit, instead got out flat
$LMIA 10:30 in at 12.03 out 12.24 and 12.48 within 15 minutes; it then drifted lower
$HOLX 10 19.36 with 19.30 risk (nlod) got out minutes later at 19.60s it never made a new low
$YRCW shitty setup


R/G Shorts: 0/2

$OESX didn't pull the trigger - would have made up for the next two
$ONE nothing much, shitty range
$OME dodged a bullet there, it closed pretty strong

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