Wednesday, 11 June 2014

Trades 11/06/14


One of those days with plenty of tradeable setups, just need to one well executed trade to pays for the day $INO $ACHN $CNAT *should* have been that one trade, had I practiced more patience and sized in too.
Didn't have the strongest start for the day, so decided to cut my one winner short to book some profits ... what a mistake. Took $368 on $NQ, had i been more patient (or at least had a good reason to cut it short) i'd be up $2k instead; 
Finished up $750


Trade Highlights:



$INO shorting here on this lower high

+$36 such a perfect setup, shorting into secondary spike, lower high, should have risked more (not to mention being more patient, it was hitting mid 8s later)

$BIOF 8.50 risk nhod target
 -$66
read it well, just wasnt patient enough


$INO long here 9.60 risk, 9.90 target; -30 didnt bounce
 $INO trying again, 9.60 defended; 
-$58 failed to defend this time

$NQ +$368 $9 puts i bought yesterday; sold when it failed to breakdown; left only $1500 on the table there being impatient
$CNAT nice runup this am, beautiful daily chart, waiting for dips to buy more; needs to drop, base and perk

this is what i was planning for, see if it can keep it up

basing here, however spy taking a hit, will keep a tight stop
there's the perk; scaling out between here and nhod hopefully 
+$113, pretty perfect trade, just as planned; wasnt easy though, it looked weak at times, especially with the weakening SPY and I almost cut my losses once or twice on 7.5 o/u, gladly i respected my actual stop at 7.44 and stayed in the trade

$PVCT short here; +$51 didnt break down, covered 1.15 and 1.17-8

$ACHN small here, expecting a pop to 7.50 if breaks 7.30; 7.2 risk
 got it +$62

yeek they always go further than you think

$XOM bought some 102 and 103 calls here

+$65 on the $102 calls





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