My Trading Journal - A GAP Trader
The purpose of my blog is to show you my plays on a daily basis. I mainly play gap strategies (Tier 1, Tier 2, Tier 3), 5 min elephant bars, 15 min 1st BAR and MEGA gaps. I will share the reasons of my play, my risk and exit strategies. I call out my trades as and when it is formed. You can follow me at: Twitter - AGapTrader; Stocktwits - AGapTrader; Blogs - http://agaptrader.blogspot.com/ Website - http://agaptrader.com/# Email me at - support@agaptrader.com
Friday, May 24, 2013
VNDA Pharma pop
This has popped over 100% in recent days. Pharma is always big rewards big risks. I do not play pharma, keep this as 5-10% of your speculative portfolio.
MSFT recent move
MSFT recent move has been impressive. It is hold at the moment at current levels. It had a minor pulback and may go higher. But I am not buying it at this level.
JAZZ break out
This one is looking good on weekly and daily. Retaining this support wall, this will see higher numbers.
BA pullback
BA had a great run to 100. I think it may rest before leaping again. The support levels have been indicated on the charts. 100 is also a big psychological barrier so a pullback is expected.
TSLA swing looks good
TSLA range looks good now, now seems to have potential to go higher. My target is 140 on this. It has to break 100 first.
My other post on this - http://agaptrader.blogspot.com/2013/05/tsla-has-potential.html
My other post on this - http://agaptrader.blogspot.com/2013/05/tsla-has-potential.html
TGT Play
Did not play it, but just wanted to comment on it. Don't really like it since it was not a gap stock. I only play gappers, so this did not hit my list. But MAYBe this is how one could have played it.
P fade play
P fade play, another variation of the gap up stock, that shows weakness on 1st 5 min, shorting it works.
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