Oct 2, 2009

Google Wave

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 :)


Sep 22, 2009

Tuesday's trades

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 :)

Take care,


Sep 21, 2009

Monday's trades

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

Friday's trade

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

No trades

Not much interested me and I had a dinner to go to. Hope you all did better.

Sep 16, 2009

Wednesday's trades

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

Tuesday's trade

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.