Thursday, May 9, 2013
RAX short
RAX was a perfect short after the 1st 5 min low. You cannot play it at open since the gap was huge.. shorting the stock and adding to the position worked out beautifully. Cover as you go..
DLR short call
See how I called the DLR short trade.. Below the 1st 5 min low, 66 was support on dialy, 65.5 was on the intra day below the 1st 5 min bar.. cover at whole number
GCMR trade
This was an awesome trade, got in on the red bar ignored on 1 min and added heavily very quickly in my direction of the trade.. I had to exit the next minute as I got my profits and then kept the rest to exit later.. perfect play..
TSLA Play today
TSLA opened up too high so cannot play at open, had to wait for it to settle down and people to take profits before you can enter it long.
This was more of a speculative buy just because of the hype of trading TSLA. I went in on the whole number with small size and exited at the high of the day.
This was more of a speculative buy just because of the hype of trading TSLA. I went in on the whole number with small size and exited at the high of the day.
Wednesday, May 8, 2013
DVA - awesome play
Like such plays that start from the daily support and the 1st 5 min holds and off it goes giving quick profits. Exits have been defined . Close out the position closer to the target defined on the daily (prior highs). Here it is 128ish.. Perfect play, well defined target, above support.. Do I need to say more ? :)
WLT Play
Like the daily consolidation and the break out on this play. The 1st 5 min bar held and there was a bit of consolidation before it started to go up, giving opportunity to add and enter full position on the way. Exits as defined. Nice play.
VRSN Play
This was not my ideal play. I did not play it. This is not a pattern I play, just because it worked or seems to have worked, does not mean such patterns work. Be careful as the odds are not great for such plays.
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