JA_Trades : Back today focused and ready to go.  I had multiple plays come up on my morning scanners the main 3 being $NADL $ZENO $TNXP $TNXP

The pattern that works well for me, and one that I have input into spreadsheets and am backed by solid probabilities and numbers is that of gap ups that meet my criteria, especially overextended stocks already that are gapping up for just about any reason other then solid earnings report.  I never short earnings winners gapping up unless there is something within the report that would lead me to do so.  These 3 tickers though $NADL $ZENO $TNXP all were solid gap up plays that I short.  I do not like to momentum trade and am not overly confident in buying breakouts, something I need to work on, but this gap up short strategy is extremely successful for myself, as I will look to build on it and input more data to further my knowledge on many short setups. 

$ZENO: way overextended for no reason, pump that was just waiting to go down.  Once I saw that major crash yesterday, yes I know it worked its way back up to near hod but it showed me that weakness I needed to see.  The only reason I did not carry shorts over night is because of the fact that it did close near it highs.  I regret that decision although it was a smart one, because today sure trader had a restriction on borrowing shares and I could not get short.  It was a perfect setup as it gapped down and cracked $2 before 11am.  

$TNXP: Gapped up early in the morning and could never retest those highs, even in pre market before the open.  It was trending downward all the to the open, never saw a bounce and missed the entry at the open as I was looking for some sort of a bounce and never got it.  Don't like to short into excessive weakness so didn't play at all as it had no significant bounces throughout the day to short into.

$NADL: I had 3 total trades, as I outlined in my video which is up on youtube (check my twitter bio for the link) I didn't have enough patience with this one although I made roughly $175 on 3 trades, If I had held through some consolidation and a few minor spikes I would have saw $500-600.  Solid entries though on both of the first trades on this ticker, as I said just have to keep working on the patience.  Check the video for a recap of my morning.

I record the session live and go back with voice over to talk about my process and what I was thinking.  Check my twitter page, link to my youtube is in the bio.

Any questions feel free to ask!!