Tuesday, May 14, 2013

DDD long

Called DDD long on twitter/stocktwits as it was being formed real time. See how it played out. This is my usual 5 min high play.

TSLA short

Shorted TSLA today seeing the big weakness  I did play a bit too early on this as it could have bounced and this stock is just to quick mover. But it worked out very well. Shorted it 2 times. The second time was because it just failed to go up and by price action, one could easily say that it will fall couple of bucks if it broke 90.. and it did

Monday, May 13, 2013

PSX - when not to trade

PSX pattern shows when not to trade. If it breaks the 1st 5min chart, then do not trade it, even if it works out as seen here. These patterns will burn your fingers more times than giving you profits.

GILD play

GILD play, same 5 min pattern that I play. This one you have to start small in case there is a pullback. Then add in your favor and exit on profits

DDD 5 min

Another 1st 5 min holding play. Always play such patterns. 1st 5 min holding, small pullback, awesome way to get $$
Works most time

BKS drop

A very interesting chart. These are not the kind of trades that can happen daily, but there are few charts where such things can happen due to news/economy/ sector etc.
Why it happened is not important, the main issue is , how to play it?

When one drops very quickly for 3-5 bars, most likely it will get a bounce of about 50%. Entry is key here. You have to let it consolidate (base formation) then jump in full position with v tight stop and exit at 1st weakness.

AMBA trade

Here is the AMBA trade where you can add and exit in parts as the trade works in your favor booking profits as you go. You never completely exit till I have shown in the charts. These are mainly money management techniques that you can adopt