Feb 19, 2009

Thursday's Trade

Shorted XTO (can't remember where right now since my QT is closed) but it dropped 1R and came back to stop me out later for a loss. There were a couple of other trades that ended well but I couldn't find a good entry. This week sucks so far. Just downright boring.

6 comments:

Anonymous said...

ORLY was a beauty..IRTI was a huge short.

4R again

JF David said...

It could be a good thing to find other kind of setups to trade.

Good ORBO setup are sometime hard to find when the market is in a rangebound and choppy.

I got 2 solid traderx setups this week... TEVA long(wed) and BIDU short (today)and no good ORBO setup.

It's very difficult to watch all day and not having a trade done. It could be more dangerous to jump impulsivly in bad setup.

OONR7 said...

anon: ORLY and IRTI were two stocks I was looking closely at but couldn't find an entry that followed my plan.

jf: I'm always keeping my eyes open for new setups.

QQQBall said...

i hope this is okey - im pretty sure it is... here is the transaction tax petition

http://www.rallycongress.com/no2tradertax/1536/

TL said...

Did you short off the 10:15 (5-min)? It seems fine...

The last 2 days have been very choppy for me too.

TL

OONR7 said...

tl: no, 10:45 bar low. I was using the :30 OR. I should've shorted off a break of the 11:30 bar low (:30 OR) but had walked away.