Trade Recap - 7/15/2011

Ended the day with $714 in total gains. Had about 6 trades in all, 5 winners, 1 loser! Not too shabby for such a slow and frustrating week. I found it very difficult to catch intraday bounces when the entire market just grinded down slowly most of the week. Well, it's late so I'll hurry and get to the point. Here are the trades:

Long JVA $20.06 w/a stop @ $19.74 Hit a high of $20.48 (.42/share) before coming back down $19.62. After that pullback, it continued to make new highs for most of the day to $21.73

Long MAR $34.52 w/a stop @ $34.40 I ended up getting stopped out with a $120 loss on this one. I didn't want to risk too much on this trade so I put a tight stop on it. A LOD stop would have held much better and I could have taken some profits on this trade. After stopping me out, it dropped to $34.32 and continued to make new highs of the day @ $34.94

Long QLIK $30.21 w/a stop @ $29.97 Hit a high of $31.89 (1.68/share!)This setup had a nice doji on 15s and looked good to me on 5s as well. I put my stop just under the whole # $30 as it showed a bit of support just 1/2 hour before. Turned out to be a good trade for quick profits and hit new highs of the day at $31.89. Shoulda coulda woulda held longer to squeeze more gains out of it. I re-entered one more time for $80, not really worth showing the chart for, lol.

Long GHL $47.51 w/a stop @ $47.41 Hit a high of $48.25 (.74/share) before falling back down to hit my stop. This setup I loved on both 5s and 15s. Put up a doji on both and had huge volume coming in at the time of the selling. I figured that would cause some quick short covering/profit taking and a good time to go long for a nice scalp. Took about $180 on this trade. +.11/share on first 1/2, +.20/share on 1/3, and +.54/share on the last bit. Showed some support at $47.50 level, so I went long there with a tight stop and sold quickly into the pops.

Long GHL $46.20 w/a stop @ $45.97 Hit a high of $46.77 (.57/share) and never hit my stop. I liked this setup on 5s after it produced a nice doji candle. I originally wanted it long over $45.82, but missed the entry. I decided to take it long using 15 min candles after it broke above $46 and $46.19. I put a tight stop just under $46 in anticipation that it would hold that whole # and we could get some late day covering/profit taking.