Monday, April 6, 2015

06/04/2015

Futures opened low and climbed all day
Not much action in stocks so looking for a slow climber on the open


Bad today
Missed MSFT - had an upgrade and nice stable open washout. Hesitated and missed entry by a few cents and lost the trade. It continued up for a strong day

Good today
No impatient  trades
Looked at lots of stocks
Took a short with good price action and weaker that market after failing to make a new high
Exited after holding till near end of day

PL  Happy with any winning day that was due to following rules and processes





FLS - short
Idea from SMB radar
Failed new high at 1
Rolled into and tested VWAP at 2
Some volume starting to come in with share size increasing on offers and this seems to be more honest for downside that to hold price so entered 1 cent below offers
Good fill
Held and moved stops for half down to lock in profit
Stops held so closed out near end of day 




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