Yo yo!
Hope everyone had a nice weekend. Can't believe it's August already! In a few months it's gonna be time for the holidays and before you know it another year is gone. Crazy how fast time flies. I had a decent day on Friday selling my NFLX swing from $111.04 at $114.44, then adding back at $113.86 and selling again at $114.81 for a day trade. Really well executed trade overall if I do say so myself! I also took some EXPE per my plan but I kinda messed it up. I started in at $118.19 around 9:45am and held for a while but it kinda got stuck so I became impatient and dumped it at $118.56. That was a mistake and I almost immediately regretted it and rebought at $118.66, haha so then I felt like a chaser and ended up stopping out at 13:15 at $118.25. I did finally nail it from $118.85 to $119.84 at the end of the day and turned it into a nice trade but bottom line is I should have been more patient. I also tried VLTC a few times and nailed it one out of 3 times (which is about normal on VLTC, haha) so I only made like 50 bucks which was kind of a waste of time but whatever. All in all a good day mostly thanks to NFLX and that last EXPE trade.
For tomorrow I found a few good possibilities and they're all longs so I'll be paying attention to see if the market is strong. If not then I will be cautious and only play what has relative strength whether it is from this list or from something that shows up in the morning with earnings or news or whatever. Primarily I like FIT for a long through $48 to $50+ ... only resistance in the way would be around $49 and it's just one high so it shouldn't be a problem. I will try to stay away out of the gate on this one since it will be volatile and there will be plenty of time to join the trend later on after the first 10-15 min. I think the $46.80-60 area looks good for a dip entry if it can get there. Otherwise I'll just wait for it to break out and join the trend later. I also really like PLUG. First time it has really held a push like this in a while and it's SUPER liquid so you can trade size on it. I can see $2.75-2.80 maybe as a target. Finally I like FOLD if it can hold over $17 for a continuation to new all time highs...maybe $17.75-18.00.
I'm also stalking AQXP for a buy in my Robinhood account which I haven't traded in a while. These little names have been few and far between lately but this one looks good over $1.90 if it can get some volume. For back burner stuff I like SHAK, SRNE, ABEO, CYNI, CARA and CAP all for longs. CAP is probably a swing trade and I would treat it like REN which I detailed here.
Let me know if anyone has questions!
Chris
Visit full post for links: http://ift.tt/1MFnPWO
P.S. Did I finally get the date right this time? Lol
Submitted August 02, 2015 at 10:05PM by ghostofgbt http://ift.tt/1fYnAZZ
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