Need to refocus on my key patterns. Have been trying to force trades that aren't fitting my pattern and causing losses. Thankfully sticking to rules and reducing the losses but taking too many trades rather than being patient.

 

Top Plays

WKHS

 

TUP, GOGO

Ovextended

GOGO, TUP

Tried to short both this week when it was showing weakness. $TUP I was trying to predict the FRD and had to cut it. $GOGO had a FRD when the overall markets were having weakness but then I didn’t take the small gain on the morning dip and had to cut for a loss. Both I played well by cutting the losses so that I could wait for the big move and now won’t be touching until we get a para move. I found that not having the clear exhausted move makes it harder to guess when the backside is. A theme with both of these is they trade good volume but are still slow traders. I need to stick with volatile plays and visit these when they are.

Runners

WKHS
2.5B cap, 105M out, 96M float, 23M short

Breaking out on the daily chart over $23. Has managed to consolidate and curl back up to all time highs as $TSLA struggles a bit. Watching for a massive breakout to really squeeze where I will look to enter an exhausted move but will wait for failed morning follow through after a spike.

 

JCPNQ

 

Reached a deal with landlords to purchase JCP to keep them afloat.