Monday, May 13, 2013

CTSH short

Worked out very well with a start below the 1st 5 min bar and adding it to the position and lowering the stop for the play. Excellent opportunity to short such trades. See the entry/exits on the chart

BBBY short

This one cannot be played at open since the gap was not good enough to mark it on the charts. But this gave a very good opportunity on pullback. Another reason not to play this at open is because the 1st bar was a green bar and normally you would like it to play long , but this went down below that 1st 5 min bar quickly and came back, did not take the high of the 1st 5 min bar and gave a good opportunity to short it. See the charts for entry/exits

CSIQ Long

CSIQ Long play worked out very nicely. It was above the 1st 5 min bar, after the smaller pullbacks. Going long and exiting as per charts was a nice trade. I did not play this. But this fits my trading plan and plays that I do every day.

CELG Play

CELG - another perfect 5 min play. Buy above the 1st 5 min bar and add on your way, 128 held very well, so opportunity to add to your position and exit on the way.

NFLX play

Called this on twitter / stocktwits at 9:34 saying the 1st 5 min bar is v strong, and it held. Buying above it and adding on the way was an awesome trade. Exit when you get your profits

TSLA play

Check out the TSLA play. The 1st 5 min held, so that was the trigger, Doing it above the 1st 3 bars was a great opportunity to start this play. Exit as per your plans. This was another awesome call today.
I called this play as it formed in stocktwits and twitter

FSLR holding 50

I started with FSLR since the 1st 5 min bar held.  Love such plays where the 1st 5 min bar holds and when there is a 2 bar pullback. Added it on the way in my favor of trade and exited when I was more than happy with my profits.. It may still go up lots, and could have kept some position, But I am out of trading and done for the day with a very clean profit.
This is how I like it, Day trading for me means in and out at profit.