December 2016 Trade Review

Summary:

1. short term price momentum remain short. It may just sustain to next day morning up to 10am.
2. take profit when I feel pleased.
3. fishhook setup worked well for low float and momentum stocks.
4. set stops at the low of the breakout bar. Do not move stop. Take small loss instead of large.
5. for good fundamental stocks such as AKAM, INCY, it is a dilemma whether taking small loss or set stop when losing 8%. Right now I feel it is still better taking small loss, since market is predictable. What if they broker 50MA and market tanked as in January 2016? So rather be protective.
6. buy high and sell higher! look for momentum stocks instead of small move


Winning trades:

Closed lose trade

Open positions:

additional position for HDSN, SWC, SGYP, IMGN.