Wednesday, April 24, 2013

YUM long play and added to position with neat profit

YUM play, started at support with small size and added heavy when it did not fall below the 1st 5 min bar, it did hold 68 close enough and did not get stopped. Added to position and then took profit on low of the prior 5 min bar.. Exits are usually bar by bar and I exit my 1st position on the prior 5 min bar low.

Tuesday, April 23, 2013

NFLX trade long

This was a very volatile stock and has lot of moment so have to play very carefully and hence mentioned it is only for brave hearts. Tried the 2nd time and got back some $$$.. but played very very conservatively

COH trade - earnings call

This could have been a  good play but it gapped so high that it did not have a lot of momentum. If it had gapped closer to 52 or so, this would have worked like a rocket till 200 day MA on daily. But still played and got my target

LMT trade on pull back

Such trades are usually weak but sometimes does work, but low returns. Weak because it broke the 1st 5 min bar and then tried to head up. Such plays are better to short. Played against my plan and was break even

Sunday, April 21, 2013

MCD Earnings short play

Tier 2, generally such pattern works. It did not work for me, the only issue I see is that it never went below the 1st 5 min bar, that held and the range was again narrow. 

STT short play



This pattern also works generally, this pulled back to 50% level and started going down, my target was 55, didn’t work. I added heavily and lost. But this is a good pattern, especially when earnings such stock moves

Thursday, April 18, 2013

SNDK long trade on pullback

SNDK - pullbacks usually have lower probability of working unless it was at a higher level of the 1st 5 min bar; this would have worked much better if I shorted it; was almost up 3R due to my adds, should have exited to get all profits;