Saturday, May 13, 2017

Reverse Splits








Wednesday, May 10, 2017


Here's a couple examples of setups.  First, the slingshot.

Then the fishhook, great for earnings plays.

The fishhook can be used with a 1/2 or hour slingshot as a trigger for an earlier entry.  The shorter the timeframe the more false positives there will be.

Wednesday, March 22, 2017


My Situational Awareness for the market has been that we are in the chop zone and we need to be mindful of that when we trade.

Friday, February 24, 2017


Best trade of the year!

Then a lot of fades:



Lottery ticket:

Wednesday, February 22, 2017

GRVY case study in power, How I traded it.

One stock that has surfaced on the momo screens is GRVY.   This is one that I did catch, although not as much of the moves, as perhaps I should have caught.   I can honestly say,  I bought this very well.  I caught big moves out of the range breakouts, but I sold after 20 - 30% gains in a few days times.

Here's how I traded it and why.

First, GRVY burst into Stage 2 with a 177% move in 2 weeks times.  This got my attention but I never chase the first move.

The ranges during that introductory move are wide and do not present good opportunity for trades

So I  put it on a watch list and wait ... and wait.  The power, will eventually will return when everyone stops watching.

Finally on Jan 13  GRVY, breakouts out of a narrow range. I felt the range over the past few weeks would provide some support and a place to get out even though volume had dried up.   Only 10K shares had traded when I took a 500 share position at 11.18

I knew this stock had potential given its previous move but would it be a pop and drop I did not know. So I sold the next day at $13.40.  Great trade, but obviously I left a lot on the table as  GRVY would run to 22.  I'm not that upset.  Profit is profit and for every stock like this that runs 100%,  9 will fade back harder.   So book some profits and perhaps trail some.


Although I exited, I kept a close watch.   Oddly enough GRVY did not give back the gains  even after 100% gains.  I could see it building a Flag and the trading range tightening up  and when it broke to the upside, I re-entered:

 It takes a lot of growth as a trader to be able to buy a stock over 100% higher from the point where you previously bought it and this was a trade I wouldn't have done a few years ago. So I'm pleased that I was able to pull the trigger without hesitation.

Again, I sold too early.  But over $5.50 in 3 days...  I'm not too upset.  I'll just keep watching for the next base to form and .

Monday, February 20, 2017

The IPO Watch List

Setup No 1 :


"Reclaim the fame"  -- Mark opening week thrust, wait for it to be retaken. 

"Reclaim the fame" if no re-thrust within first 2 weeks resort to weekly charts

TRHS -- Very nice bar on weekly for the RTF.  now just needs to setup for a new entry.

The Rest:
Some volume into a consolidation area-- enough, not sure.  Don't see a reason to jump in early on this one as its still mid-range pre-thrust,

Power demonstration during 1st two weeks but not much since.  Some productive behavior as it gradually starts to climb.  

Starter can be taken >35 and then add on the RTF

Setting a monthly long base after breakout
. but power potential is just so-so.

V recovery  on narrow bars up.  I don't like it.  This one needs a pull back and base before I'd be excited about it.


Past power:
Big thrust on volume