Today was a big drawdown that did some technical damage. I was never fully convinced it was a great trade because it seemed so late in the phase.
AYX – Closed trade +10.14%
Sold this 25% portion at 2.01R. The market is looking weak and this porting had met my goal.
FRPT – Closed trade +13.18%
The market is looking wonky. I had an overall 50% position and this 25% portion was up 2.57R. My goal is 2R, so I took the opportunity to sell before the market might roll over.
PJT – Cancelled pending order
The price, MACD and RSI keep falling. Financials are ok, but not so great to keep the order open while the technical deteriorate.
ACLS – Pending Order
Stop Trigger = $29.00 | Limit = $29.00 | Stop Loss = $27.55 | 25% Position. I got stopped out earlier today after a failed BO. I still like it and think it will work. Raised my buy price a bit this time to increase odds of a more quality BO if I get it.
PLMR – Pending order
Stop Trigger = $86.00 | Limit = $86.18 | Stop Loss = $81.70 | 25% Position. The setup is right, but I’d like to see it go another few days before BO. This was a successful trade the first time. Now that the new base looks like its about done, it’s time to play it…
ACLS – Closed trade -5.39%
Got stopped out. I still like it with good fundamentals. I think I got in too early. It’s worth another entry.
AYX – Order filled @ $163.09
Added 50% for a full 100% position. Ended in a doji, so its undecided what it wants to do next.
ACLS – Order filled @ $28.76
Started a 25% position. Good move on volume that failed to BO. The market was bad overall which didn’t help.
AYX – Pending order
Stop Trigger = $163.00 | Limit = $163.09 | Stop Loss = $154.85 | 50% Position | $98.88 Risk. It keeps going up on increased volume, so I will add the remaining 50% and carry a full position.