The Art Of The Trade OVAS April 2 2015

How I traded $OVAS today

Use this blog as a learning guide.  It is never possible to tweet all trades on time or before I trade as I usually have other trades going on. I did have several scalp trade losses during 2 separate periods of the day. But for this lesson I will leave them out. Usually during periods of low visibility I do not tweet day trades. Sometimes I can tweet the entry or exit beforehand. Though my Twitter feed can show actionable information, your trades are at your discretion.

Time is for tweets in EST.  Highlighted tweets were tweeted prior to activity. 

9:16 $OVAS #watch long (identified stock as long trade pre-mkt) 

9:19 noted pre-mkt volume as 175 shares total (very weak)

9:32 bid for stock, bought 32.46 avg (no tweet)

9:37 scalped 1.19 $OVAS #profit (sold 33.27 avg)

9:41 bidding $OVAS mid-low 32 (before the entry)

9:43 filled 32.32 so far (initial buy trade)

9:48 offering out $OVAS in the 33s #scaleout (before the exit)

9:50 sold 1/2 for +.86 $OVAS 

9:52 sold rem $OVAS 33s #profit 

10:00 bid for $OVAS mid 32s again (no tweet)

10:58 $OVAS vol getting thin... out of last long scalp now 33.5s

          (sold for 1.04 avg 3rd trade)

11:17 will wait for $OVAS to pb closer to 33 before buy #swing

           (stock was trading 34s but identified potential for PB)

11:33 went long at new hod but exited trade for small scalp (no tweet)

11:41 stock fails to recover after breaking below area after new highs (no tweet)

11:43 for next 10 minutes, shorted stock 33.9s (no tweet)

12:22 stock hits 33 and I begin to cover +.91, also going long as noted before on 11:17 tweet (no tweet)

1:18 $OVAS up it goes

1:57 sold all $OVAS from 33 #profit (filled 34.7s - 34.8s)

2:05 +1.81 avg on all $OVAS (prev trade profits)

2:09 stock trades new hod, I buy back small, 35 avg, observed           heavy buying (no tweet)

2:14 $OVAS long sm sz fwiw at 35 

2:15 $OVAS will offer 35.4+ to sell (tweet before exit)

2:17 sold 35.4s for .42 (no tweet)

2:18 noticed extreme chop in stock, did smaller sz trades for next hour

        very choppy channel trading  (no tweet)

2:46 Will buy and hold $OVAS for #swing before eod (wanted to re-buy

when day traders exit, thinking possible break below 35)

3:20 sell stops hit at 35, bids drop for the next 3 minutes, large prints

hit the tape at 3:23, observed bid holding 34.60 so I entered trades (no tweet)

3:35 long 10k $OVAS 34.62 avg ST #swing

NOTE: MACD is just a guide. This indicator is based on trailing data. Thus MACD trend lines displayed are not to be interpreted as a leading indicators. I only use MACD in hindsight to confirm what I saw on the tape.