12/12/16-12/16/16 Recap

12/13/16: $AKAO long entry at $14.43 once it broke above VWAP. Held through the pullback then sold half the shares at $14.75 and the other half $15.15.

12/15/16: $ATHN had the right read on this just bad timing. Got long at $117 and stopped out at $115.50. Luckily I had super small size on this so loss wasnt too bad. I need to stay more patient at the open and not trade for atleast the first 15 minutes. 

12/15/16: $PIR was from the gap up scanner on good earning estimates. This could have been a easier long than short I just have to make things complicated lol. I was watching this all morning just kept hesitating for an entry thinking it would pull back to VWAP before 11 am. That didn't happen so I stayed patient and  I waited for the backside then got short at $8.69 once I saw price action weakening and approaching VWAP. Got out at $8.45 since my broker reduces my buying power at 3:30pm and it was getting close to that time. 

12/5/16-12/9/16 Recap

Wednesday 12/7/16: $WDC from gap up scanner.Had a nice short entry here at $67.41 and exit at $66.88 for the first trade but then I started chasing. Second short entry was at $66.70, which was horrible, I should know better than shorting into weakness like that. The stock rebounded and I tried to get my average cost of shares down with another short entry off VWAP at $66.92. Got stopped out at 67.30. This is how you turn a $200+ winner into a $50 winner. I guess green is still green. 

$PLAY from gap up scanner as well. Long entry at $54.90 risking on the 9EMA and exit at $55.50 once I thought I saw weakness. Nice and simple. If only every trade could be this headache-free. 

Thursday 12/8/16: $LULU also a gap up. I was initially looking for a long since the the 9EMA and VWAP were holding well, but I was patient and kept waiting for confirmation. Once that first candle printed under the 9EMA I got short at $70.22. Exit was at $69.15 near support. 

11/29/16-12/2/16 Recap

Tuesday 11/29/16: $X popped up on gap down scanner and I was looking to short under $31 which was premarket support but it broke through before the open and didnt take the trade since i dont like trading premarket. I decided to wait and see what sets up. Around 11 oclock the stock was uptrending nicely and broke above VWAP. Got in long at $30.91 with a tight stop right below the 9-day EMA. Saw resistance at $31.50 so got out at $31.40.

Wednesday 11/30/2016: $SPLK from gap up scanner. Big sell off right at the open so I made sure I didnt chase (as tempting as it was). Waited until stock came back up towards VWAP and got in short off the bounce at $60.31. It was consolidating for a bit at that $60 level and that kinda spooked me out so I got out pretty fast at $60.07. I kept my eyes on this and on the next move back up $60 confirmed as resistance so I got in short again at $59.84. Got out way too quick here at $59.50 but I'll happily take my piker profits lol. 

Thursday 12/01/16: $BLUE from gap up scanner. I had my eyes on this all day and when the short set up off the VWAP bounce I realized my broker didnt have any borrows and stock was not shortable. :( no trades this day.

Friday 12/02/16: $WDAY from gap down scanner. Was looking for a short to break under under $67.50 level. got in short at $67.67 and got stopped out at $68. I kept my eyes on this but I let my earlier trade affect my bias on this and I was still thinking short for some dumb reason instead of looking at what the chart was telling me. I should have taken this long around 11 oclock once VWAP and the 9EMA was holding and stock was uptrending. Im just glad I didnt push any other buttons for another short attempt here.

Things to keep in mind:

Look at where stock is at around 11 oclock once you have a whole half day of price action to go by

Missing out on a trade is better than a losing trade

Dont let earlier trades affect yout bias

Check to make sure broker has borrows before wasting time on a stock looking for a short 

General Rule- gap down, look for uptrend. gap up, look for downtrend. obviously this is just something to use as a guide.