Wednesday's trades
Pretty unspectacular day. Ended up green but not much to write home about. DRYS was an easy-going trade and BAC proved to move in the direction I wanted it to, but I was not convinced it would. VNDA was just not nice with stop-slippage driving me mad.
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13 comments:
Seemed like a tough day. Nice that you ended green. Keep it up.
hello there:
long tine didnot read this blog. wondering, if you can start the quiz like you used to have a yr or so ago w/ chart half way and if the setup is good for a long /short/none. Would be a great exercise. I am w/out job right now so trying my luck in daytrading.
thx
victor
chris: thanks... not looking to be a hero - just want to make solid trades. There's still plenty of time this week to make my money :)
victor: oh yeah... Rise or Fall. I'm definitely due to reprise it. Hopefully I'll get something up this weekend.
NR, good job: secondary offerings usually take a hit: F CLF MGM today. Top 12 >$10 gap scan(6:50am): mgm pl ncmi clf mac hig csh lho aks gt mee ip
Shorted the 10:30 10 minute bar on UBS and the 10:20 10 minute on HBC. Made a little change today.
Paul
FWIW, the SPY did an H pattern b/d at 5/15 and 5ema like most stocks. maybe something to keep in mind along with the fact eps season almost over, stress test done, SPY reversed at 200ema(1-2 pts less, summer up. crater donwn to some fib leve/spt 830
hey buddy,
I have 2 questions 4 ya.
1st, regarding yesterday's JNS - what made you wait for your entry candle Vs mine(7/10).
2nd - I see on BAC your trigger closed above the ORL - what are the pros/cons of doing so? When I saw CLF today (look 5th and 6th on the 15) and decided to pass...
Luckily, I didn't pass on AKS (6/15) and x (12/15). Wanted also to short MGM but it wasn't avail on my platform. Played a bit with MIR (7/10) it went 1R and I got stopped for b/e (later it fell), lost 1R on PFE (4/15) and a half R on SDS (9/15 half position).
Overall positive but very dissapointed again.
paul: nice job with UBS and HBC... timed them perfectly. Looks like you made more than a little change :)
bl: I hope the action picks up... the past few days have been a challenge.
fir: back in the day (okay, two months ago), I would've entered JNS exactly where you did. Now, I wait for a clear, NR pullback to the 5ema. The other reason why I gave up on JNS was that my entry was smack in the middle of S3 and S4. I was hoping for a strong move and it didn't happen at first.
As for BAC and my thoughts on OR. Well, my thinking is that if a good setup presents itself... take it, especially if there's room to at least make 1R. Then I can always set my stop to BE and see how price interacts with the OR. I also look to see how my entry bar set up. If it's really narrow and I can lower risk - that's good. Overall, I'm not as concerned with the OR as I used to be.
AKS and MIR were very nice setups... good catch. What scanner are you using and what time do you run your scans?
Hi again,thx for your input.
I use the Strategy Desk from Ameritrade. I have a basic scan for gappers and a couple of others running in parallel (for example NRB's on 10 and 15 near the 5ema)
00NR7,
I saw your post on Kat's blog. I am glad you saw that Anon comment. That same douche left a comment like that the other day, so of course I left a comment calling him a douche. He never responded.
Tyler
tyler: he left a comment a few months ago dissing TraderAM and I decided not to allow them anymore. My blog will officially be douchebag-comment free :)
The only way to stop the comments is to moderate... they'll get tired and possibly jump out a window due to the pent up anger.
took URS off the 8/15 for a very nice run.
However, as (almost) usual, let another stupid trade ruin the P&L bottom line. Entered also UBS off the 9/10, but it didn't go right away and I jumped out - of course it went 2R's a bit later.
Never learn...
Hope u r doing better out there today!
fir: nice going with URS. UBS was risky for my perspective as your entry was off the 4th up bar... seemed like a retracement was due. I'm only in CA right now and hoping it hits the fib. ext.
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