Sunday, 29 March 2015

Trading Review: 03-27-2015









Intraday Trading: -$1283. Basically just stubborn on OHRP; I knew where my risk was, but the spread was quite wide and I wanted to see a hold below the level, but then when the hold came I didn't cut it. Also a failure with methodology for buying washouts - more on that in weekly review. Called it a day after that.

OHRP: Basically started in too early premarket. Used too much size and then didn't cut when it made/held a new low. The big loss was a result of poor discipline, not very well refined methodology, and too much size (which result of combo of methodogy, and poor discipline).























Swing Trades: +$18. Obviously just status quo with swings after calling it a day.

AXN: Still love this short, and am still quite large in back account. I notice that the borrow fees are quite high for it, so just something to bear in mind.On first red day I would like to add to the short position.
Also holding period: Target is either 1.20-1.30 or hold for 5 down days (that seems to be the pattern).

CRMD: I am reasonably surprised how well it is holding up here. Looking for an overextension into the high $8s to get to full position size.

LL: Definitely set up for the squeeze but still just not quite getting going. Over $32.50ish would be constructive for the squeeze, but I am running out of time with the options, I don't want to hold until expiration. So if it isn't hard up against, or over $32.50 by end of trading Tuesday I will liquidate.

ADXS: Really unusual trading stock. The consolidation near the highs here suggests that it's no longer overextended, so another go above $14 and it may just push higher... Lucky I'm in the options so I don't have to worry about trying to work out where to stop.

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