Friday, 1 May 2015

Trades 01/05/15


Good day today, didnt trade much  beyond the first 90 minutes. Could have been more patient with $OCN which never really broke the uptrend, and better entries on $ICLD and I'd probably been more patient with that one too.



Lessons:


  • Add to winner only on dips/pops (long and short respectively) 


Trades: 

$VALE gapper, sold in pre for a 15c profit

$ENOC

$CALI could have done a better job on the entry; perfect exit though.

$ICLD annoyingly I chased and sold pretty much at lods before a huge move up

$VLTC bought the breakout over the premarket highs


$OCN they were selling heavily at 9.90 so I let it go until it breaks 9.90

$OCN got back in on that 9.90 break; notice how the add at the dip just off the vwap bounce has such better r/r

$ICLD got back in, added on dips sold on rips; ICLD have done so much more, but at least i didnt end down on the day on a massive mover like this

$ICLD on a dip

$GLUU missed this perfect double top at 7 (also yesterday's resistance) chased some but planning to be patient with it given the favourable r/r; tried to add to a winner on that flush, however that was a poor add. Need to add to a winner on pops, not dips; 1st trade was in avg 6.90 and got out in panic at .99. $7 actually held as resistance, but i feared it would pop hard had it cracked it; second trade i cut for breakeven

$ICLD expecting at least a hod test, will be quick to cut if not as it's a bit early still

$ICLD

$

P&L:


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