05/07/2015 Trade Review

ADXS was bear flagging on the daily as shown on the chart below. Note the last candle represents today. I was short biased.

 

Intra-day ,I was looking for a push to 19.50 - 20 and fail  for a short.  As you can see below,  it ran to 19.55. I waited for a lower high and entered at 19.09. I also used the vwap for more conviction. As you can see the stock failed to break above vwap. I took profits too fast, but I was able to stand with one major rule. Respect my stop. I had a stop above vwap.

Trade reviews for 04/22/2015

Gappers I was watching this morning.

Trade Reviews

 ONVO - I traded this poorly and did not respect my rules. I Took a short on it and it had not crossed the red line. It was just under vwap.

GBSN - I had the right idea but it was poor trade execution, I bought on the pop and set my stop too tight.

Acknowledgments.
You need to make good entries and give room. Setting stops too tight.
Be patient and trust your set-up and plan.

Trades Review for 4/21/2015

Gappers I was watching this morning. BIOC, BCLI, LJPC and VLTC

 

Trade Reviews

LJPC - Stocks usually dip at the open and once they cross over vwap , I look to buy on the second or third candle confirmation. I missed the first entry. The stock broke the top line, pushed but came back and I entered on the test of the top line, it held and came back up. I got out at half dollar mark which happened to be slightly above the HOD.

BIOC - I was anticipating pop at the open, push and then get short. I waited for the break of the red line and test. It did exactly that. What added to my confirmation is it didn't hold above the vwap. I got out at the point that was yesterday's high and I felt this might act as a support area.