LESSONS IN DAYTRADING: REFLECTING ON OUR TRADE IN INHX

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LESSONS IN DAYTRADING: REFLECTING ON OUR TRADE IN INHX by Michael Kudrna | This entry was posted on Wednesday, April 20th, 2011 and filed under FORUMS, Lessons, Stock Market Comments Off

Due to many emails lately on how I find my chart setups for daytrades, let alone how I execute them, I wrote up a quick reflection with a few charts on how this trade in Inhibitex (INHX) was designed and ended up working out. Feel free to post questions on the forums if you need further explanation. Hope this helps. Link below

CLICK HERE FOR THE DETAILED THREAD ON INHX AND HOW THIS TRADE WAS DESIGNED

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Michael Kudrna

(Wednesday, Jun 12. 2013 2:31 PM)

For MikeC, Missed you in chat. For your stock, 10.50 is key support where I’d draw a line in the sand. Above 11.25 would likely make it run higher on a breakout. Currently it’s consolidating nicely with upside potential, but if it doesn’t break out on the first attempt, look for another pullback towards 10.75 area, above support, to possibly reload your position. Easy money seems to have been made, so keep expectations realistic. Hope that helps.

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Michael Kudrna

(Wednesday, Jun 5. 2013 9:39 AM)

Still no signs of a strong enough support level in GST to start adding more to the position. Will wait patiently to add, but $2 seems more and more likely as it drifts lower

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Michael Kudrna

(Tuesday, Jun 4. 2013 10:54 AM)

watching and looking to add another increment in GST around 2.44 as it seems to have found short-term stability

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Michael Kudrna

(Monday, May 20. 2013 11:10 AM)

Keeping tight position in DEJ until we get confirmation of no short-term dilution from management. As Zacks noted, cash ratio is slightly under what they need to keep financing.

[reply]

Michael Kudrna

(Friday, May 17. 2013 12:56 PM)

Added back to GST and looking for the chart to grind higher. Easy money seems to be made, so keep a close eye on your positions.

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