Saturday, April 11, 2015

10/04/2015

Solid market today, SPY sold off  a little pre-market and then spend the day in a quiet uptrend

Looking for stocks that were in sync with this trend

Good today
Followed the rules and had no major stuff ups so quite happy.
This did make trade selection a lot harder but that is just how it is

Bad today

Missed the open play in GE and after Steve SMB called it. So obvious and just made  tiny down move and then went quietly up. Just didn't pull the trigger

Missed on short later in the day, just hesitated at the perfect buy in and then did not want to chase


PL



EDU

this trade worked

entered on a false up move that failed below VWAP and held till it started to stall at a low.
The offers and bids started to level out and it looked a little stronger so moved stop to 2 cents above action and happy to be out for a good trade
This stock has been in an uptrend for a few months and so just a small roll down from the high





GE
The one I missed on the open. I took this on a move up and then seen Steve shorting it just after I went long so opted to follow his experience and cut the trade.
It did move up some move and started to muck around






HZNP

Went short on this at the 3rd test of a high and it kept going
Would take this again, it opened high and failed with no recovery above this open level. Not the best short as it was strong market today but worth a go



PIR

Just a failure. got in with a short position but before it clearly tested a level.








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