Stats for the month

Ever since I started auditing my trades this way, it has immensely improved my trading. I can see exactly what day and time of the day Im having more success with and I can focus more on that. Trading is all about doing more of what makes you money and less of what costs you money. I didn't trade much at all due to holidays this month but here are the stats:

Happy New Year!

5/1/17

$NTRP: Pretty giant gap down on negative news.I was watching that $9 level which was pre market support. Once it broke below it, I started stalking it for a pop for a short entry. Never really got one it just slowly kept selling and grinding down. got short at $8.75 risking on that $9/whole dollar mark, which was right where VWAP was also at. Covered all shares at $8.25. It kept unwinding even after I got out, but I ended up not touching it again. 

$ITCI: Also a gap down on negative news about FDA regarding their research studies on lumateperone. Held premarket support at $7.50 and then kept making higher lows/trending above VWAP. Once it got near HOD around $9 around 10am I got long at $8.75 with a stop below VWAP. Sold all shares at $9.30.

4/27/17

$EXAS: Big gap during pre-market from $23 to $28.70s that caught my attention. Then looked at the daily chart and saw the stock was at its 52-week high. Checked the news and saw the company reported a loss of $34 million in its first quarter which initially seemed bad, but their actual revenue was $48 million and up 220% from last year's first quarter. Also, their net loss was 26% less than last years Q1's loss. Apparently this company's main commercial product is a 'cologuard test' developed through their proprietary DNA-based technologies for use in the detection of cancer and their sales are rapidly growing since its a lower-cost and less-invasive way to screen patients. Both technicals  and fundamentals indicated a bullish sentiment so at the open I was focused on how the stock was going to react towards the $28 whole dollar mark since was it trending steady, VWAP was right at $28 and kept making higher lows. At the open it dipped down $27.70s but quickly got bought up and the next two 1-min candles held right at $28. Got an entry at $28.10 on the third 1-min candle.  The next candle it literally jumps a whole dollar to $29.20s and so I get out at $29.10 with all my shares. This was my first trade in over a month so I didn't want to scale out in partials. I just wanted to be in and out with no headaches on my first day back. Nothing like a stress-free trade!

3/2/17 and 3/3/17 Recap

3/2/17: $PTCT entry at $11.23. It had long term support at $10.50 and was trending well above VWAP. Took half of my position off at $11.88 and then the rest off at $12.00. 

3/3/17: $NTNX got long at $25 once VWAP and that $24.70s level held. Tried to give this too much room to work and got stopped out at $25.08 once I saw weakness in price action. It was a scratch trade but at least it covered the cost of commission. I should have taken half of my position off at $25.30ish, but I was sure that it was atleast going to test $25.50s and I was gunna take profits there. 

1/31/17, 2/1/17, 2/3/17 Recap

1/31/17: $TEVA was a gap down on negative news. I saw it holding trend and got long at 33.24 and got out at 33.60. I was a little late to the party missing most of the morning move so it was a small gain but easy, stress-free trade overall.

2/1/17: $OKS was a big gapper on positive news about a merger deal. Around the $46 area was resistance on the daily chart and this stock gapped up to almost $60 in premarket so my thought was that if it starts looking weak and cant hold VWAP then it has alot of room downward for a correction. You gota think when a stock gaps up like this there is going to be a lot of people who have been holding this for a while that are guna want to take profits and sell their positions creating a surge in supply....and we all remember from econ class what happens when supply>demand = price decreases. My first entry was right below VWAP at 56.32. Sold half of my position at 55.60 and the other half at 55.15. Kept my eye on this and it kept selling off so entered short again at 55.21 and took first half off at 54.77 and the second half off at 53.75. Awesome trade here and good risk management on my part!

2/3/17: $CY had news about missing their 4th qtr earning estimates, but it still made for a decent long trade. You know never know what these stocks are going to do..sometimes they have positive news and they tank and sometimes they have negative news and they skyrocket. My job is to plan for the most likely scenario based on the chart and react to price action, not try to guess which way the stock is gunna go. Anyways, 12.50s was resistance on the daily chart so when I saw the stock shoot up to 12.90s in the first few minutes of the open I planned to wait for a pull back near 12.50s for an entry. Once 12.60s held I got in long at 12.69. Sold half of the position at 12.90 to secure some profit and got stopped out of the rest at 12.75. Second trade had no follow through. I got short once it broke below VWAP but stopped out pretty much right away. 

1/18/17- 1/23/17 Recap

1/23/17: $QCOM gap down ticker on news about Apple's big lawsuit against this company. The float on this stock is bigger than I usually trade at $1.47 billion shares, but I figured I'd give it shot anyway. Got short at VWAP $55.22. No follow through and at 3:30pm my broker cuts my buying power so had to get out at 55.90 for a decent size loss. Oh well ¯\_(ツ)_/¯  live to fight another day.

1/20/17: $BMY gap down on negative news about their cancer treatment drugs. This stock also has a big float of $1.67 billion shares but I kept it on my watchlist anyway. I wasnt patient with the first entry short. then I added again when it popped up towards VWAP my average was now around $50.10. Got spooked when it reclaimed VWAP so I got out for a loss at $50.30. Kept this on watch and re attacked once I saw the stock was starting to break down. Second attempt got short at $50.15 and finally it faded. Locked profits at $49.10.

1/19/17: $NFLX big gap up here. I took a small position since this is a higher priced ticker. Short $140.38 held through the pop and finally faded. Covered all shares at $139.

1/18/17: $CCJ scratch trade here. Was looking at $11.50s on the daily as resistance. Didnt have any patience with my entry and ended up getting out flat.

12/20/16 and 1/13/17 trades

 12/20/16: $ACAD was a gap up on positive news about their study on this new drug to treat Alzheimers. I try not to read too much into the news, really I just want to know why its moving then I let the chart tell the story. Drowning myself in fundamental analysis is just not as effective for daytrading. Here I got short at $29.95 on VWAP rejection and rejection of that $30 level which was support/resistance on the daily chart. Covered all shares at $29.35 really just because it was the friday before the holidays break and I didn't want to leave for vacation on a loser trade so I took my profits and ran lol.

1/13/17: $P pandora radio station gapped up on positive 4th quarter earnings, but this trade was a dud for me and didnt go anywhere. Got long at $12.90 once the break over VWAP was cofirmed and I saw 9ema holding, but didnt have enough range so got stopped out at $12.80. This was the second week of trading for 2017 and still havent had any juicy setups hit my morning scans so hopefully things pick up here going into the third week!