Tuesday, April 30, 2013
ETN play from Apr 29
Liked the play since it came back strong, I waited for confirmation on 5 min and then got in, It did break the 1st 5 min bar low so the chances of success was low. Tried and bailed out when it did not work.. took small hit
ACT play on Apr 29
ACT play yesterday. I could have held it but killed it shortly. 2 reasons why I did that though it did work eventually without the low of the 5 min bar being hit or my actual stop being hit.
1st is that the 1st 5 min bar was broken so it becomes a less probability game
2nd reason is this stock was jumpy meaning it was spready. The difference between ask/bid was much bigger than what I liked.
1st is that the 1st 5 min bar was broken so it becomes a less probability game
2nd reason is this stock was jumpy meaning it was spready. The difference between ask/bid was much bigger than what I liked.
Friday, April 26, 2013
SBUX tried long didnt work
the 1st bar was big and the pattern was looking like a good long. Tried it but it didnt do much. Was most of the time in the range only.
DHI short didnt work
Shorted it since the stock had opened a bit higher than what I liked. Went below the 1sty 5 min bar so shorted it but didnt work so took a quick cover
COV trade short, got unlucky and got stopped
Shorted the stock, the 1st bar was too big hence the follow through was not that big, liked the pattern and shorted it, got unlucky and got stopped close to 63
BIDU short worked well, had sized big, a bit risky
Shorted the stock at reversal time and sized it big. was a bit risky since it had already gapped down a lot and was close to support. Got the profits and closed it quick.
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