Search results

Well that was quick. Sbux jumped, so I sold and made just under 1%. Still concerned the markets will turn down...which will help my SDS.

FWIW, I have a sell order on SDS at $20.60 while I'm waiting. If it hits that level, (and it is starting to creep up), then I'll make a small profit.

Looks like I need to give my last trades time to soak. SBUX is still on trend, so I can be patient. http://stockcharts.com/h-sc/ui?s=SBUX&p=D&yr=0&mn=3&dy=0&id=p24875139340 Not sure on SDS...waiting for the market to decide where it wants to go. Might cut my loss...not sure yet.

I am talking about an overnight hold here (minimum) in case that isn't clear. I'm a swing trader after all.

Alright, I'd never recommend a trade. But I just bought equal size positions in SDS and SBUX. They will hedge each other, but I think I can time a profit on both.

GPRO now negative and DIS just hanging on. Market now falling nicely as predicted. You'd think I'd have more people reading my journal. :)

DIS and GPRO both popped up today. Sold them off. They were up like 1.1% each when I sold. Made nice $$$ on each. Probably should have sold GPRO on Friday but I was away from the computer too much. Why did I sell? Looks like the overall market may be beginning to turn down. I don't want...

Gpro finally perking up nicely 3%. Dis establishing up trend even on a down day...candle placed nicely. Oil responded as expected. It's almost like I know what I'm doing. Gpro and DIS have more to go so setting a trailing stop and holding.

DIS up more than a dollar right now. Still won't sell. People have told me my picks could be day trades, but I think this one has lots of room to run. GPRO dropped on the release of a silly article about a competitor, but I think the crowd has figured out it was a non-issue so it's coming...

Just Bought DIS at 118.59. Still holding GPRO. Nice patterns on both. I think the market is turning bullish, which should be the rising tide that raises these fine boats.

Ok, well if you did these trades, you're happy right now. Consider a reasonably tight stop on GPRO, but I think it will take out it's recent high (at least $65). It's setting up a bullish candle and it was on a nice trend when the market took a crap over the last few days....I think it wants...

Stopped out on SCO. I'll stay out...when SCO falls, it falls hard. Made more than 10% on it...kept me afloat when I was trying to go long in a down market on other stuff. Next time I'll sit on the sidelines when the market is moving down or just play an ETF short. If anyone took my advice...

Hmm...seems to be working out. Tightened my stop on SCO. If you're a day trader and you read this, take a look at NKE. It could jump to the upside today like it did about 20 days ago. As a swing trader, I need to wait for confirmation on it. Since I'm a swing trader, I'm also wary of a bull...

Eh...changed my mind. I went ahead and sold the SDS. It's not hedging anything and it's as high above its MA as it usually goes. Also sometimes looks like a doji. So maybe this means a turn around is in the works. Rather lock in a small profit. I don't see oil rising until there is a real...

OK, my journal entry. Right now I am short oil through SCO. This is from Technical Analysis, but I am using a trailing stop. SCO has really helped me get through the last couple of days...every time I went long on something, I got stopped out. I keep telling myself not to go long in a down...

Heh...you make it sound like the secret to my method is insider trading. Me and Martha Stewart. :)

Sorry. Had to step out for 5 years. So do I make a new Journal or use the old one? Any of you guys who participated still around?

Heh...3 for 3...but if I do more, I'm risking my reputation now. :) I can keep going if you can display what is there a new way. I am guessing that the candles are 1 minute candles, or maybe 3 minutes. They need to be consolidated over a longer time period...like 5 minute candles or 10 minute...

Wait, you're putting words in my mouth. At no point did I say that the direction of the stock's overall trend was less important than the broader market. The stock's trend is definitely more important, and I have made money going long in a down market. But it's generally not a good idea to...

Heh...just because someone made a video doesn't mean anything. Here's the thing...if you're trying to day trade a long position in the ABC company on a down day, picture what is happening. Joe Blow owns a totally different stock...the XYZ company. XYZ gets hammered and Joe gets a margin call...