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!