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Saturday, May 31, 2014

Friday had the right idea but made some mistakes

$SCTY Had a nice test and rejection off the daily 50MA.  Gave a P/B to congestion area which gave a great short at the VWAP and 50MA.  Shorted just under and blew it by putting way too tight of a stop.  Great setup though.

$BBY Great daily Base B/O setup, took early off open, great tight stop of -.15 with ultimate target of +.75 for 5:1 R:R.  I nailed the entry and ended up moving my stop up too quick.  Painful reminder not to micromanage.

$GMCR Nice intraday bear flag.  Stop -.50, Target +1.  Had to leave so tightened stop to -.25 and put limit +1.10. 

Thursday, May 29, 2014

Miss sized my positions and ended day slightly in the RED.

$SCTY was top of the list and i missed my fill again by pennies off the open. 

Shook it off and found $QIHU which looks great for a short swing but mismanaged my sizing and took to few shares on this great setup.

And finally $XGTI which looked solid.  Got in early as looked strong but just couldn't pierce through the overhead supply and took the loss.


Wednesday, May 28, 2014

Hesitation still leading to GIANT missed opportunities by pennies!

Great short on $BIDU today, ended up taking all off however daily warranted a swing short.

And was stalking $SYK and missed the fill as waited just a tad too long.


Tomorrow i will work on taking the setups as i see them and hitting the ask and not worry about a few pennies.

Tuesday, May 27, 2014

Some great opportunities today

Still trading very small to build consistency before adding the size.  Here are the top 2 plays of the day, 1 i caught and the other i missed by pennies, I gotta hit that ask!

I was most excited about $GLOG short coming into today, missed the fill by pennies

One i did catch nicely though was $NFLX short.  Risked .60 to make +$3 for a great R:R of 5:1.  Ended the day comfortably green

Monday, May 26, 2014

Somebody learned how to Putt!!!

I'm back.  Took a great bootcamp, finally found some consistency.  Still trading small, but % wise am finding my legs and building on a strong foundation.  My goal is to post a few times a week to get back into transparency.