Anyone of you fine readers happen to get an invite for Google Wave? I would be forever in your debt should you send me an invite as well :)
Oct 2, 2009
Sep 22, 2009
About my only bright spot today was SGY. But even that turned against me later in the day. My initial position was off the 5-min chart, and I doubled up after a nice pullback on the 10-min. Like I said... it was all for not as price came back down.
Stopped out of ASML, CCL and breakeven on KMX. Finding this week especially choppy. I wonder if the way I've been trading lately just doesn't do well in 'uncertain' market days... like the days leading up to the FOMC.
Also, SpiderScan just came out with a new version which includes a new TDAmeritrade scan - along with some other new enhancements. Do yourself a favor and check out the free trial.
Lastly, I've been thinking for the past 2 months or so if I even want to continue blogging. Personally, I'm just not getting what I hoped (and experienced) when I first started a couple years ago. I don't post charts as a journal... I can do that with a folder on my desktop. I created this blog as a way to interact with other traders. This is a very isolating job and I figured the blog may be the closest thing to having an office-like environment. To bounce ideas off one another and to generally have some fun. Right now, I feel like I'm posting charts just to post charts. It's just not working out.
Granted, I haven't exactly put the kind of energy that I once did (Rise or Fall) but, still, the feedback and interaction is not there.
I'm really having a great time trading right now and personally feel like I've reached a point where I can truly consider this a career. It's taken some time to get here, but it feels good. Not every day will be a great, but what I've always hoped for is consistency and a trading plan I can depend on.
Moving forward, I will probably use this blog to post some very good, textbook trades instead of the day-to-day approach I've used since the beginning. Of course, I can only hope that I have a lot of those to showcase :)
Sep 21, 2009
Quite the crazy day. Started off with a quick 3 strikeouts in IAG, HST and SSRI. Then rebounded with some nice action in AMSC and CMA. It was a bit of a roller coaster and I hope that's not a sign of things to come for the rest of the week.
Sep 18, 2009
Didn't know what to expect today with OPEX and, well, just being Friday. But I ended up in a really nice trade with BHI. I took my first trade off a break of the 10:40 bar high (nr7) and the next bar was also an nr7 so I ended up buying more shares. At this point I was really looking at how price would interact with the ORH (:15) and it immediately acted at strong resistance. I sold some shares there and again as price came back down. However, since I bought additional shares I was still in good shape.
I ended up partialing on the way up and selling all just below the fib. ext. As you can see from the chart - price continued to skyrocket. Just glad I got nice chunk of the action.
Sep 17, 2009
Sep 16, 2009
Some good, some bad, some missed. I really missed an AGCO gimmie play on the 10-min chart. GNA did well for me and since my entry spread was so narrow I was able to double up on my normal amount of shares and make the small move to the fib. ext. count. FO and TTM were duds.
Sep 15, 2009
A very satisfying day. One trade, no worries... winner. Went long ASH (10-min) after it consolidated off the 5-ema and printed a strong bar above the $42 level. Actually proceeded to tag $44 but I exited safely below the fib. ext. (after some partials). Hope you all had a good one.