Thursday, April 30, 2015

30/04/2015

Crazy day, stocks overacting to any bump in the road and not respecting levels.

Check list is helping a lot at keeping me out of trades I like but are low probability and have little chance of working



Pre trade list

Looked at lots of stocks that opened flat or low but no decent setups so only small size and few trades




Profit today and happy for any upside. A few more days and will increase size so any up day is a good day



IWM

This index move fast and over reacts to events.
Entered on support and held till it stalled. I sold half the position and then put in a stop at break even and just left it to do what it wanted




OCR

This was up on good 1stQ yesterday and a take over rumor This caused a big upside and with a lower open and high today and no conformation of the take over its a good fundamental for a breakdown.

It stated to work and then held. Will look at this again tomorrow as each day will wear it down some more





BRCM
Held well at support and level on longer term chart
Entered and when it failed to move cut the position.
Got out with fees so happy





No comments:

Post a Comment