I do not have to be right more then 50% to be profitable as long as R:R is favorable.
UVXY
Same set up as the trades from yesterday. I really like these large cap indexes and stocks when they get out of balance since they have great liquidity and can not be pushed easily by individuals.Was a smooth trade with great risk reward accomplished
DUST
Similar like UVXY large cap easy to get in and out with size , I do not get too much of instant momentum like small cap stock, but I like how it moves in very predictable manor and risk control is quite all right to handle ( getting in n out )> It almost stopped me out at HOD , but using a very simple technique of 5 min candle confirmation helped me to stay in. 5 min confirmation didnt happen . it did not close above HOD so I stayed short , and later in the day I covered with loss 13.93
To note the daily was not overextended , plus had a trend break out , but I wanted to try it.
PGN
This was a unsuccessful long , tell me something new all right .
AAWW
Shorted this against PDH that lined up perfectly with triple tops today same as PDH including the RSI div. Risk was HOD of course same as PDH . SPread was bad 17 cents. Got stopped
HILL
Same thing easy short with patience to set up with confirmation
EL
short 87.80
ELNK
Short 5.70
It did not reach the target took a smal loss less then original stop loss planned. Should have taken break even but was hard to do it.
RDC
Short 23.15 nailed so quick I didnt have time to tweet it..Nice spread of only 1 c. Since way overextended on daily , kept this short with trailing stop instead of fixed profit target
OBSERVATIONS
DYAX
NYMX
I tryed to enter short 1.50 but no borrows
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