Tuesday, 23 December 2014

Trades 23/12/14


Decent trading today considering it felt like there wasn't much going on.
$TECU could have been a day destroyer, gladly I switched my long into a short to recoup the losses on the long (this usually doesnt work, but it did on this huge-range stock); This trade again re-emphasized the importance of staying focused the entire session - one slip, one badly timed entry and you can lose all the day's gains


Longs: 

$NQ 4.05 with 4 risk for nhods; worked well; longed again on hod break, added on a dip, expecting a push to 4.50+ - it came, i sold half and was too patient with other half. sometimes patience works for you, sometimes against you ... bought shortly thereafter when 4.35 held; cut it evenishl trade no.4 at 4.31 with 4.30 basing

$OCN on higher lows; worked well


$TECU on a pull and perk off base; sold half on a pop, then it collapsed and become ugly and spready; added when it started to base and looked ready for another push up; it didnt, i sold at 4 and then shorted; covered half 3.77 rest in the 3.50-3.60s to overall finish up on this awful trade




Shorts: 

$OVAS with $45 risk only 100sh; covered half for $1, rest at b/e; missed one heck of a fade

$SKH from w/l with 8.9 risk; a small win

$CERS looks weak 6.6 risk; covered half on a wash, rest on a grind up

$VNDA with .60 risk; added to a winner and lowered risk to .50; covered a few for a profit,and was too patient with rest, stopped out; shorted again later when prior support at .20 became resistance; failed again; tried for the third time on a bounce and fail to break 14; finally a decent trade on it

$OCN looks a bit extended here. .60 risk; worked nicely; 

$OCN eod shorted again on a para and covered for 20-30c

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