$CLLS gapped up during premarket and was getting closer to that $35 level which was the 52-week high. It also has positive news out about the company closing an asset contribution agreement with company Pfizer. On the daily chart, the stock had bounced off that $35 price 3 times before so I waited to see if it would bounce off of it again to look for a short entry. Once it bounce off $35 and broke below VWAP and lost the 200-MA(dark blue line) I got short at 33.93. Like a dummy, I got greedy and didnt sell when price got to $33. I kept holding and the stock kept grinding up. Sold all my shares at $33.70 for small profit, but in my head I took at loss and I was frustrated since I was up .90c/share at one point. Decided to reset and wait to see what the chart was telling me. Once it broke above VWAP and consolidated above $35 I saw the uptrend and jumped in long at $36.45. I had small size so didnt sell in partials and got rid of all my shares $37.51.
Welcome! My name is Agustin Gavenda and I am a 25 year old college graduate who aspires to be a full-time stock trader in the near future. The purpose of this blog is to document my trades in order to help track my performace, as well as benefiting anyone who can learn anything from reading about my successes and failures.
Monday, April 9, 2018
Wednesday, January 3, 2018
1/3/2018
$RENN: This was on gap up scanner making new 52-week high and they put out a PR announcing acquisition of a tech company with a social platform for the trucking industry. They used a lot of buzzwords in the press release like "artificial intelligence" and "block-chain technology" which is what alot of these companies have been doing lately to get attention from some of this cryptocurrency madness going on. Keeping that mind, I was long biased as long as the stock could break the premarket high of $13.93 so at the open I was using that round $14 as a guide. One it broke above it and held I got long at $14.07 with a stop below 14. It started to feel heavy once it made a new HOD and I took profits at $14.60.
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