04/06/16 trade status for $MOMO $VRX

$MOMO is a runner today, I watched ran premarket around $12.75. I don't like to buy anything premarket unless it's very attractive, I mean good setup with good risk / reward ratio. This ticker just inching up until 1PM and take a dive after that consolidation around $16ish. I start in short $15.83 risk the $15.90ish support break as the line below. I let it run up around $16.00 or so but didn't come back down so I cut it off because it's a 1st day so I am considering this could run for another day.. I'll revisit tomorrow for better short entry on parabolic or fail $15.90ish.

$VRX had a good run today as market open, I am waiting for a short entry. As I saw the high, and few big red candle. I start in short $33.27 and plan to scale up to $33.92ish but it didn't get any good panic like other day so I am considering cut it off at $33.70 and looking at $SPY is uptrend all day..

Today is a losing day for me with risk management. Don't let the wrong trade take you for a ride. I am still practice on cutting it off if set up fail. Still learning every day here.

Enjoy the night and see you back tomorrow.

JP

04/05/2016 trade status for $VRX $INVT

04/05/2016 trade status for $VRX $INVT

$INVT I got in short but cover too soon. This thing will be back where it start in a few days. The routine just repeat over over over again.

$VRX was up couple of point premarket that give me another opportunity to short. I start in short base on the "HIGH" "LOWER HIGH" on premarket and daily chart support $29.30. If fail that level I will start the short. Got short at $29.24, just $0.06 risk and cover along with that wash at $28.44 and $28.26 within 8 minutes and I am done for the day.

Trade less profit more. Enjoy and please leave some comments..

04/06/2016 stock watchlist: DRWI,CPXX,YRD,ACAD,SKYS,GNCA,TRXC

04/06/2016 stock watchlist: DRWI,CPXX,YRD,ACAD,SKYS,GNCA,TRXC
http://finviz.com/screener.ashx?v=211&t=DRWI,CPXX,YRD,ACAD,SKYS,GNCA,TRXC

4/6/2016
	DRWI	s	watch
	CPXX	l	over 12.43
	YRD	s	fail 14
	ACAD	s	fail 29.58
	SKYS	s	fail 6.50
	GNCA	s	fail 8
	TRXC	s	watch

    

04/05/2016 stock watchlist: YRD,CPXX,ACAD,SKYS,CNAT,GALE,GNCA

04/05/2016 stock watchlist: YRD,CPXX,ACAD,SKYS,CNAT,GALE,GNCA
http://finviz.com/screener.ashx?v=211&t=YRD,CPXX,ACAD,SKYS,CNAT,GALE,GNCA

4/5/2016
	YRD	s	watch
	CPXX
	ACAD	l	over 31
	SKYS	s	watch
	CNAT	s	watch
	GALE	s	watch
	GNCA	s	fail 7.50 or 8

    

04/0416 Trade Status for $SKYS $VRX

$SKYS was up big couple days so I have it on my watchlist for potential play.

I start in long position $5.50 for the previous day breakout risk $5.24ish.. It's break above $5.50 to $5.60 and fall back couple of time then start to sell off. Then I cut off the trade with a small loss. Stick with small loss with my risk management plan.

$VRX I traded this one several time lately because this ticker just keep tanking on any pop...

I start in short $27.55 risk $27.63ish pre market low, then I press the wrong hot key to short more but then it's start to cover my position $27.62. Then I have to start shorting again $27.47. I am happy with my gain so I cover all at $26.70 and miss the big drop

04/02/16 stock watchlist: SKY,YRD,CPXX,VCEL,ACAD,SKYS,HNSN,SXE

04/02/16 stock watchlist: SKY,YRD,CPXX,VCEL,ACAD,SKYS,HNSN,SXE
http://finviz.com/screener.ashx?v=211&t=SKY,YRD,CPXX,VCEL,ACAD,SKYS,HNSN,SXE

4/2/2016
	SKY	s	watch
	YRD	s	fail 13
	CPXX	l	over 13
	VCEL	s	fail 6.60
	ACAD	s
	SKYS	l	over 5.50
	HNSN	s	fail 5
	SXE	l	over 7

     

04/01/2016 Trade status $GNCA

$GNCA was up big yesterday, therefore it's on my watchlist for short play.

Premarket bounce around $7.74 to $8.00. When market open that is my risk level max.. Start to make a few mess in the morning with small gain but then finally I got a good short average $7.40. I cover along the way $6.70, then $6.50 then cover all at $6.10. Great profit. Trade less profit more..

Enjoy the weekend and see you with $SKYS Monday.
Thank you for reading, please leave some feedback so I can learn from you as well.