01/14/2016 trade status for $ANTH, $BSI, $VHC & $WMB

Here is today trade status for $ANTH, $BSI, $VHC & $WMB.

$ANTH daily chart is very beat (down). I saw the high $3.37ish and higher low $3.34ish fail on previous day 1/11 & 1/12. Once I saw the higher low confirmation $3.34ish. I start in short $3.29 risk $3.34 and max risk is $3.37. It didn't crack and jump on the big candle so I get out at my max risk $3.37 for $0.08 loss. This is consider very good risk management. Get out if the trade doesn't go as your plan.



$BSI jump over 90% premarket. I am very interest in short but wait to see the higher low, higher low pattern. I miss the whole big run and the halt by the time I look at this ticker it's already at $4.70. So my plan is if it's fail $4.50. I am in for a very small size because the candle is so big.. It drop down to $4.22ish then come back up. My goal is to cover around $4 or $3.50. Since the spread is soo big I'll have to set my risk between $0.10 to $0.20 from my short entry $4.50. I exit the trade for $0.15 loss because didn't do as my plan. Another good risk management on this trade today. IT'LL BE A GOOD PLAY TOMORROW.



$VHC, same pattern here (HIGH, HIGHER LOW). I spot this trade in the afternoon because it's already down and I saw $3.40ish at those three circle. If it's fail. I will start in the short. It's crack and I short a little more below the VWAP and it's barely drop below the VWAP and jump right back with volume like lunch time. I could have get out at $3.40 as my plan but I hold a small position and I decided to let it take me for a ride. With those 4 green candle, I know it'll go strong EOD so I just cover to be safe. Lesson learn here is that I didn't stick with my risk management and my plan. I broke those rules because I hold a very small position. No matter what position you are holding. Just take it off if the trade doesn't go with your plan.



$WMB is a very beatup chart. My plan is to risk $15.37 and want to cover around $14ish. I saw it top out $15.37 twice, I start in short $15.31 and $15.25 then it's drop and hold at $15.00. I get out for $0.30 profit because I didn't see it panic like the first red candle. This trade I could have wait and cover at my risk level $15.37 but I decide to take some profit and if it's jump back I can add more but didn't feel right from that candle. I am glad that I get out.



Enjoy your reading. I hope you can learn something from these trades. Please send me email lpham7727@gmail.com if you want me to keep posting my trades.

JP.