GAP UP - $GME, $VNDA; DOWN - $SMTC, $LXK, $SHLD, $ANF, $HPQ, $SMTC, $HRL,$LTD, $DLTR
Thursday, August 22, 2013
Wednesday, August 21, 2013
Tuesday, August 20, 2013
TJX long
Played $TJX long, expected it to go to prior high of 53.6 but when it went down, I took my profits.
Got in nicely with a very good position at support. Was a nice gap play.
Got in nicely with a very good position at support. Was a nice gap play.
HD long
I played this long from 75 support, entered a bit early with 74.5 as stop (prior low). this played out well, but the 2 bars fell very quickly taking some of my profits, else was up big on this since my sizing was very good.
Such bounce plays are generally short lived so you have to trail it very tight and exit as soon as you see weakness...
Such bounce plays are generally short lived so you have to trail it very tight and exit as soon as you see weakness...
Friday, August 16, 2013
Thursday, August 15, 2013
EL long
$EL - awesome trade, got in on the 1 min consolidation, started small and added to the position when I saw the consolidation. Added a lot more close to 67.5 mark and rode it well over 68... Wanted to protect 68 and then trailed it very tight with every 10 cents up. This is how one can get good R's with meaningful moves. This is risky and only for advanced traders who knows how to take a stop loss.
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