Wednesday, May 7, 2014

Not my best day

Yesterday I was the YO YO! 



Good Morning folks,
Yesterday was not one of my best days. After reviewing my trades I jumped in too quickly on one trade. I was watching the wrong stocks, I was too impatient with other trades and I was over thinking my trades. 
I  took a small loss on the day and it was especially frustrating for me since I had the right trades. I started off taking  loss in $FST right out of the gate that was just a poor trade all together. Then I had a flat trade in MVIS which should have been a small profit. Then I switched over to the TZA and got out flat which if I would have just been patient it would have turned into a fantastic trade, then I took TVIX towards the end of the day and managed took book a small gain but it was still a poorly executed trade. Overall it was a disappointing day in terms of execution and performance. I was a little too tight with my stops and I was paying attention to the wrong stocks. Another mistake I made was jumping in to a trade too early and not waiting to see which direction the overall market was leaning. 


Morning movers and other stocks that caught my eye
QTWW bounce play off pr and the big selloff yesterday, MNGA pr yesterday after the close like the daily, GALE earnings last night like the daily, ARRS earnings, SCON pr possible bounce play, VRNG potential bounce play, ARIA earnings looking for a bounce, WRES earnings possible 50 day bounce, MDLZ nice daily, RDNT held strong yesterday in a weak tape like the daily, RUSL off Putin news bounce play, GGB  like the daily   

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Today's Markets:
In Asia, Japan -2.9% to 14,033. Hong Kong -1.05% to 21,746. China -0.9% at 2010. India -0.6% to 22383.
In Europe, at midday, London -0.2% to 6,775. Paris -0.2% at 4,417. Frankfurt -0.1% at 9,459.
Futures at 6:20: Dow -0.1%. S&P -0.1%. Nasdaq -0.1%. Crude +0.8% to $100.26. Gold +0.3% at $1313.
Ten-year Treasury Yield -3 bps to 2.58%.
Notable earnings before today's open: AGNALEAOLARIAARQLATROAVAAYRBAMBUDCHKCLHCOTCTSHDUKDVNDWSNDXEEENBENDFWLT,GTIVGWPHHNTHTZHUMINXNKELYAKINGLAMRLGNDLINCLMIAMDLZMEMPMZORNAVBNJRNTLSNVDQPOMPRGOQRERIGLROCSBGISE,SEPSFUNSNSSSPARSPBSTRASUSPSUSSTAPTHITLMTMHCTPCTRGTUSACVOYAVSIWBAIWPXWRESXEC
Notable earnings after today's close: ACASANACANDEAPUARASYSATLSATOAVGAWKBALTBKDBODYBREWBRKRCARCDECDXSCFCLRCODI,COUPCSLTCTLCTRPCXWCZRDCTHDKDYNERIIESSEXPDFANGFMIFNVFURXGEOSGMCRGPORGTATGTYHAINHKHNSNILIPARKGCKIM,KNDKWLCILGPLHCGLPSNLXUMCPMDRMHLDMIDDMKLMMMRINMWENKTRNLYNRPNSTGNVAXNVECNVTLOSURPAAPGTIPHHPLPMT,PNNTPODDPOWRPRUQEPQTMRATEREGRIGRNDYRSTSCMPSCTYSDSFMSNSWMTCAPTGBTGITROXTSLATWOTWTCTXTRUGIUIL,UNMWGLWRWTRXOMAZ.
Best of Success!


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