$P Trade Recap x2

Trade Recap

Ticker (Company) Pandora Media, Inc. (P)

Date - 3/16/16

Plan - Buy support along 50dma, and hold for a breakout above the ascending triangle pattern. Trying to capture the support / pre breakout move as in this current market breakouts are getting sold into, so why not try and capture the pre breakout move and sell into the breakout when everyone is buying the breakout... 

Entry price - $9.89

Exit Price - $9.68

Position Size - 300 shares

Profit (Loss) - ($61.00)

Learning Point  - No follow through on the chart again, I chased the entry on the pull back some and was underwater ever since. I was not patient enough for the chart to work out, as previously stated the stock moved in my favor. Patients! 

$P Trade Recap

Trade Recap

Ticker (Company) Pandora Media, Inc. (P)

Date - 3/15/16

Plan - Buy support along 50dma, and hold for a breakout above the ascending triangle pattern. Trying to capture the support / pre breakout move as in this current market breakouts are getting sold into, so why not try and capture the pre breakout move and sell into the breakout when everyone is buying the breakout... 

Entry price - $10.15

Exit Price - $9.72

Position Size - 200 shares

Profit (Loss) - ($106.00)

Learning Point  - No follow through on the chart, I chased the entry and was underwater ever since. Tried to capture my first price of $9.80 on the first day I wanted but never got filled and did not want to chase the big move and thought about re entry for next day on pull back which was this day's trade. Clearly I did not wait long enough and it pulled back quit a bit. Learning a bit more on risk/reward and doing my best to stay patient in the move. After a couple days the price moved in my favor. O well. 

$HCLP Trade Recap

Trade Recap

Ticker (Company) Hi-Crush Partners LP (HCLP)

Plan - Buy support along 50dma, and hold for a breakout above the channel. Small float (~9 million shares) and with oil companies reversing at the moment, I was thinking this chart would piggie back of that momo. 

Entry price - $4.75

Exit Price - $4.87

Position Size - 300 shares

Profit (Loss) - $36.00

Learning Point  - No follow through on the chart, I had a great entry and was never underwater but clearly I have no patience. This ticker just bounced around ~.10 for the two days I held, the market and oil ripped but this thing stay stagnant. At one point I was actually up $100 and thought about taking it off the table but HCLP was finally moving some and thought it would keep going so I held. Towards the EOD I got impatient and scrapped the trade, taking no loss and covering commission its really a win. Now since I was impatient come Monday it will rip :). 

$RICE Trade x2

Trade Recap

Ticker (Company) - Rice Energy Inc. (RICE)

Plan - Buy the support sell the rip. Could not help but notice the support build hovering around the 20 and 50 day moving average. Bought back in on strong support (although as we see MM broke it down before it ripped higher), Plus I had the wind behind my trade with oil rebounding. My plan was to hold longer threw the breakout and really let this work, but when I see strength and profits I take it. 

Entry price - $9.75

Exit Price - $10.14

Profit (Loss) - $78.00

Learning Point  - Nailed entry on the first day as it  ripped to 10ish a share quickly, but as the market sold off and the selling machines were turned on Friday afternoon, the stock pulled back to the 9.50 area. I did not panic as my risk was low and my position size was small so I was not scared out the trade. As I build confidence in my new strategy I will scale as needed. Knowing where the support levels were really brought me confidence in staying with the trade as I knew at some point it would rip higher. But if that last support would have broke I would be forced to take the small loss and move on. As you can see on the chart I sold way to early, need to learn a little more patience and let the trade work the way I planed it. 

RICE Energy Trade

Trade Recap 2/2/16

Ticker (Company) - Rice Energy Inc. (RICE)
Plan - Take entry at the 50dma on daily pullback - Risk/stop 9.40ish - sell into breakout/strength
Entry price - $9.65
Exit Price -  $10.25
Profit (Loss) - $90.00
Learning Point  - Should have held longer as you can see it pushed higher towards the close. Need to be more patient this could have been a nice swing as I was targeting the 10.50 area.

Stock Watch - 6 Stocks To Watch For 2-9-2015

Great and Interesting week ahead, here are the stocks I found with potential. 

EXXI -  (Energy XXI Ltd) -

Summary - Engaged in the acquisition, exploration, development, production, and operation of oil and natural gas.

Float - 80.28M

Short Interest - 29.76M 32.6% of the float as of Jan,16

Recent news - Reports Q2 Earnings Feb 9th 

With the short interest, rising oil prices, and earnings, this stock could be great fast mover.

Quick Chart analysis - Coming off the bottom, forming small triangle breakout formation, would like to see it punch through 4/share with big volume. No big resistance till 5/share which was back in 2008, stock has been beatin up pretty badly.

Watch List - Scans for 2/2/2015

Stocks to watch for Monday Feb 2nd 2015

With the bounce in Oil prices Friday, really blew up my scans in the Energy market. If it continues, the Energy stocks will be great trades.

GENE - I expect this stock to continue lower in the long run. It may have a bounce and surge higher if this stock still has gas to squeeze shorts. But with a large spike always has a nice fade which could be good to short into if you can find shares.

Recommended Readings For Financial Success

Over the years and from when I first started my journey in the financial world, I have read what seems to be hundreds of finance and trading books. Below is my list of favorites and ones I recommend others to read as well.

Education is Key, with the help of books, experience, patients and dedication anyone can be a successful well rounded investor or trader.