Tuesday, April 7, 2015

07/04/2015

All futures green pre-market
Futures open little up but no go so pretty flat with afternoon fade to downside

No trades near open, just couldn't find stocks of interest and SMB not a great selection

Bad today
Trade in RESI was a bit hopeful as nothing to drive it

Good today
Waited and did not overtrade
Scaled out of stock and then got in again
Didnt get distracted near close and end up holding stocks overnight

Daily Heatmap

I fill this out each day pre and post market for a simple indication of global interest and possible direction for the day





PL



DHR was stalling around VWAP 
I missed a good entry earlier in the session off a small upside move and waited till it looked weak at VWAP later in the day
In keeping with managing trades I took off half on a stall and then added when it started to move down again 


RESI

Looking to fade day high.
No real driver for this stock so not an A trade
Very small loss and kept a stop of 9 cents after entry





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