Trades for 1/4/2016

My first day back trading in the new year. Wanted to take it slow, was top ticked stop out in CSIQ, but had a solid long in LEI for a short squeeze.

I was short biased CSIQ because they had a public offering that day and I thought the shares would be  diluted further, or at least get an opening flush. I am not happy with my first short, as it was a down tick on a gap down. I am not terribly unhappy with my adds. I added when it failed to break the opening price, then I added full size when it came back under vwap. My stop was HOD and I may have been stop hunted as you can see it hit it and turned. However, I had many chances to realize this this idea was not working and could have gotten out sooner. SPY was dumping and this held, another sign to get out. Good job holding to your stop, entering in pieces, but take off your loser sooner when it is not working. Also, may not use solid stops, as it did fade later, but not by much.

This was my winner on the day. Solid trade for the day 2 squeeze up as it ripped nearly 300% the previous day. I know there might be shorts in early so I waited for it to pop green and pull back. As it pulled i added in quarters all the way up, and wanted to hold as this is a low float and can really rip. I took a quarter off, then quickly added another. My average was high so quickly realized this was losing steam and took 3/4 off again. I then added when it pulled back to vwap and held. When we got a solid red bar I closed my position. It looks to be a smart move.