Hello ladies and gents!
Today was a bit of a frustrating day for me as I finished mostly FLAT even though all my trades from my plan did EXACTLY what I expected them to. This is an indication that I just messed up my execution of the plan. I traded FMSA long at $8.92 into the morning washout just as I planned and sold half of it at $9.12, but then I made the mistake of adding back what I sold a bit too soon and raised my average too much to be comfortable with it. I ended up stopping out for a small loss after I re-added which really messed up my head because I was up nicely on it and just screwed it up w/ bad management. Then I completely disregarded GLUU for some reason, even though it did EXACTLY what I expected which was bounce to $6.60 and then flush to $6.30s. I just didn’t take it…I think because I was annoyed about FMSA! Finally I longed CSLT like I planned but because it didn’t pull back in the morning I was watching the flag breakout around $8.35 and just missed the entry…I got an $8.40 fill and was holding it for 30-45 minutes but kept feeling like a sucker since I wanted to buy this at $8.10 and I just felt it was too high. So ultimately I ended up selling it at $8.42 and then it ran to $9.30s! So, ultimately I think my head just wasn’t in the game today. My plan was perfect and I just executed it poorly. Sometimes this happens when I start off with a trade that doesn’t go exactly the way I expected which is what happened on FMSA, so this is something I’m going to try to work on (coming back after a lame morning). In the mean time here is my plan for tomorrow:
ATEN (long):
This was really trying to break $5.58 today (daily level) so I’ll be watching closely in the morning to see if I can catch a morning flush down to $5.40 and go for the $5.50+ breakout. If I have to take this at $5.50+ then I will keep the stop tight under $5.50 like $5.45 or so, since if it breaks above today’s high it should just go immediately.
NTLS (long):
Very strong stock today on earnings that was driving all the way into the close. I will be watching for hopefully a weak open and red to green move through $8.20, ideally apull to under $8.00 for entry, but if it gaps up I will just wait to see if it develops a trend. This is a somewhat dynamic play so we will have to see how it opens to decide what to do but it definitely looks like it could continue higher tomorrow.
GIGA (long):
Mid-day GIGA released news of a $3m order for one of their products. The stock is a very low float name and has made huge runs in the past so if we see a weak open and red to green off $2.50 or so, this can easily break $3 and go to $3.50, $4.00, who knows. I’ll be watching for any sign of strength in the morning to get long.
Here are a few other ideas that might provide some opportunities:
CCIH (long) – Triggered alert today at $14.50. Still holding its flag so watching for it to break out
GMAN (short) – Still watching $7.20 level for short. If it breaks and holds over $7.50 I will just set an alert at $7.25 and take it off the list but until then I’m keeping it there every day
AAWW (short) – Still somewhat parabolic though it is starting to hold up and flag now. If it doesn’t crack in the next day or two I will take it off the list
TCPI (long) – Stalking closely for $4.00 breakout
ESI, WIN, ATRA (long) – All pretty stretched to the downside and looking ready for bounces soon
NHTC (short) – Watching for push toward $33-35 for parabolic short
SARA (long) – Sleeper!! 😉 Penny stock on watch for Robinhood account … over $0.25. Don’t trade this unless you know what you’re doing…it’s thin as shit and pretty risky, but if you have the right mentality it can give you a quick 40-50% gain
Hope everyone had a nice day!
Chris
Submitted May 13, 2015 at 09:48PM by ghostofgbt http://ift.tt/1Iz3Ckw
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