Monday, 9 December 2013

Trades 09/12/13



Good trading today - a few unnecessary trades, but not too many.
Just one trade the first half hour ... but I traded tiny and didn't lose on it...
Up $300+ on nasdaq trades so pretty pleased. 



Gappers: 1/1 $20

$QFOR - gapped 2c out for $20

Longs: 0/0

None

Faders: 3/4 +$106

$RT looked like it was ready to fall off a cliff 7.29 with a break over 7.3 risk, looking for 10-20c; 7.21 hit partially (300 shares) and covered rest of order at 7.24; covered another 1/4 7.14 and rest 7.16 +$110


$LAYN tried again on the fade - in at 15.50s with 15.60 consolidation area risk; 15-15.25 target; covered 15.40 as it kept bouncing back, overall even on +$55
$YRCW again at 9.87 with 10 risk and 9.50 target - went against me and I was fighting it, I guess if I wasnt up $500 I would have played it more conservatively  -$50. It did crawl back down after that spike, but considering hod was 11.25 I had to cut my losses in case it spikes some more
$YRCW tried one last time after breaking thru $10 and coming back down. in at 9.90 risk 10, target 9.50-9.75; covered at 9.75 +$40

Grinders: 1/1 +$32

$PRAN in 7.10 with nhod 7.40 target 7 risk; sold 7.29 for $32

Washouts: 0/0

$LAYN seemed like a good candidate only risked 50 shares at 14.40 sold 14.59 for $12


Shorts: 4/8 +$455


$NNRX was short 1.15 avg covered on the inevitable crash for $365; was down this am unrealised $300 so not loving this trade ...
$MACK shorted some under yesterday's support just in case it collapses today - very tight stop; in 4.61 covered half 4.51, 1/4 4.41 and rest 4.30; +$168; dropped seconds later to $4
$UVE g/r just in case it MACKs - r/g stop - stopped out -$18
$YRCW not a perfect setup but still I shorted 300 shares instead of 100; possibly because I was upset I didnt pull the trigger on a similar setup on $RT that dropped 20c ... shorted at 9.70 with 9.80 risk and 9.30 target stopped out -$56
$YRCW tried again as it dropped back to the same level and looked like it would crack; covered half 9.53 half 9.43 +$80 as I had to drive home ... moments later in the car it hit my target
$LAYN came back to almost green, shorted tiny 15.56 with 15.70 (r/g) risk and 15 target; well that was a bit of a silly trade, as it went r/g it shot up past 16 and I covered and then it dropped right back to my entry ... not a trade for me -$70
$PRAN on anticipating intraday support break at 6.50; got in 6.57 with 6.60 risk and 6.4, 6.2 targets; it broke 6.50 but bounced back, gave it a chance and then stopped out -$30
$KPTI quick scalp 100 shares +$16

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