Tuesday, 13 January 2015

Trades 13/01/14


Good trading today, patient the most part (except for $FRO, but that was in pre, so it's forgivable)
$PHMD long and $ALXA $ADXS shorts most notable and well executed trades of the day.
$MOC was the dumb chase trade of the day


Trades:

$CTIC long in pre, in 2.40 out 2.50-2.60
$FRO short in pre, with 5 risk, covered low 4.80s and 4.70s; was too eager with the entry, but when i saw fake bids popping and disappearing i felt i was on right side of the trade; covered before the 8am shuffle, missing out on another 30c in five minutes ... but I hate holding thru the 8am pop

$NLST in pre in news; minimised gains again, but i like taking a quick profit; 


$AGEN tried long in pre in case we get a quick pop out the gate possible r/g; 
5.90 stop; it did pop, but i took it off as it was nearing support



$ALXA s/s with 2.65 risk; got squeezed but stop not hit, it came back and then reshorted on g/r and exercised uncharacteristic patience holding for the fade


$TOPS with hod risk; low vol but panned out just as planned


$ARNA s/s with $6 risk; stopped out


$PHMD long with 2.15 risk; nice selling rips buying dips; the most patient i've been with a long in a while, but ran out of shares eventually

$ADHD as planned in w/l s/s, risk y'days high 6.10; arghhhhhhh didnt use a hard stop and it just ripped on me; luckily covered on a dip; the better entry (hindsight) would have been on that rip, just like prior day ... more on that later


$ADHD long on breaking downtrend; got spooked out too easily when it broke under 6 :(

$ADHD s/s on loss of momentum, plan to be patient with it and add on pops; didnt manage to add on pops but at least held my patience


$MOC made a mockery out of this - chased the short and didn't cut it in time .. eventually went short recouped some losses 

$ADXS today might be the dump day, small trade; tried to be patient with 11.75 o/u but it held too many times





$ANTH s/s on 2.50 o/u and bio/market weakness



C

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