Lesson from two option trades (COST and BWLD)

Two trades:
1. COST_21Jul17_170C, bought on 6/22/2017 at 0.55.
2. BWLD_18Aug17_155C, bought on 6/27/2017 at 1.05.

Both trades wiped out completely. At time of this writing, BWLD announced bad earning. The price at post marker now is around 110.

https://www.earningswhispers.com/epsdetails/bwld

Rational: downtrend, waiting for short term rebounce. No rebounce or the rebounce is minimal.

Lesson: do not trade when the 1st leg down. It is hard to know where the bottom is. Waiting for the

2nd leg or 3nd leg, and there is bottom forming, for example, higher low, divergence etc.

Industry Sub-Group Rankings

I need to understand which stocks fall into each group. Then close monitor the top list on a weekly basis.

http://www.investors.com/data-tables/industry-sub-group-rankings-jul-20-2017/

FDA PDUFA dates and FDA Panel Review dates

http://www.rttnews.com/corpinfo/fdacalendar.aspx

some thoughts on CDE charts

for stocks in down trend, if certain level was tested multiple times, it is a resistant level which is hard to overcome it. The tendency for breakout is more likely to fail . I made such mistake multiple times, such as NE, QIHU trades. I did not take loss at the first place, then within next few days, there was a nasty long red bar.

When such stock is a narrow range, it is a good trade to try breakout from down trend. I did good trades such as SRPT. The trade trended to stall for next bar, where some people took profit. Then the uptrend may continue higher.

Growth Stock screener with criteria

http://finviz.com/screener.ashx?v=211&ft=3&t=AMAT,ACLS,BMRN,BCC,CLMT,CSII,CC,KOF,COHR,CBMX,DWCH,EC,EVRI,FANH,GNK,GDEN,GOGL,HPP,INVA,KBH,KLXI,KLIC,LRCX,LGF/A,LPX,MSG,MLCO,MELI,MKSI,MOH,MOMO,NFLX,NUE,PCTY,PBA,PMT,PKX,PRIM,QUOT,RAVN,RDS/A,SCLN,SALT,NOW,SINA,SCCO,SQ,SBLK,SUI,TAL,CG,OLED,VDTH,WB,WDC,XCRA,XBKS,XL&ta=0&o=-change&r=49