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I'm also short MCDT. I'm hoping to get to where the previous support was (green line on the chart), or, more optimally, fill in that gap from the beginning of June.

I am currently short CY. The weekly chart showed a precipitous drop culminating last October, sideways movement until February, and a rise from there. We've got a bit of an evening doji star going on this guy. Let's hope it follows through.

So here is my account today. It looks like they clear out the realized PNL column at some point late at night. That's a good thing because it was not pretty! I'm still up 10.3% from when I started the journal 8 days ago, so it could be worse.

Very funny! Keeping a journal is great for my trading as I have to answer to everything I do now. It's not between me and my IB account anymore. I am accountable! My pride is on the line as I don't want to look too stupid by holding on too long or doing other dumb things on the record...

As I mentioned, I moved from long to short today. Aside from the one dumb daytrade I did today (MANH), it was not too bad considering today's sell-off. I sold GNSS and GRP when they broke down through support. ALKS I sold when it broke yesterday's low. Same with MVL. I just didn't get the...

In all honesty, I was expecting people to question what I was doing, but it's quiet as can be and all positive. I think people tend to leave the journalists alone. :)

I enjoy your journal a great deal and read your previous journal from cover to cover. I looked forward to sunday nights when you would post. I trade in a similar way and mentioned you in my journal. Keep up the good work.

Today the market experienced a transition from bullish to bearish. Actually, the two days before this were clues when the market was both down and up. Unfortunately, my transition game could use some work as I took a hit moving from long to short. I spent all of tonight thinking about what...

That's a good saying. I was thinking about something like that this morning before the market opened. Once you open a position, and especially when you hold overnight, it's out of your hands. You can only manage the position by changing the number of shares or closing it, but the actual...

I am not nearly as good at going short as long. I did something today and I'm not sure if it was a really dumb move. I took smaller than usual short positions in five different stocks rather than taking my normal sized position in, say two different ones. I figure this spreads my exposure...

Okay... I closed out the MANH and moved on. I also closed ALKS when it broke the low of the last two days. I went short MCDT and VRSN. VRSN is looking like it may be a good trade. MVL is hovering near the low of the day, but still hasn't broken yesterday's low, so I am holding it for...

The toughest journal entries to write are the ones where you have to write out your losses. Everyone wants to win every day, but today I am getting my ass handed to me, so to speak. I have done one thing wrong, but a couple of things I am happy with, so it is not a complete loss. I made...

Yes... I've seen his videos and read his book. He makes a mean powerpoint slide. I'm looking forward to both of your contributions. Thanks.

MCDT is a good short candidate. I've rarely seen huge drops like the one today immediately reverse. And the good news is I checked the IB site and they actually have it to borrow. So many times I get ready to short and hit the button and it says "none for you". So I finally started...

I noticed Dave Landry joined earlier today too... An influx of tradingmarkets.com personalities.

Nice post. Congratulations!

Next is TIVO. It's only pulled back for two days, but it held the same low for the last two days. I usually like to look for at least three pullback days. But, the high on 7/7 was almost like a pullback day, as the entire day was spent in a downtrend. I guess we'll find out tomorrow.

The first chart tonight is WFR. I feel like if it can break through the resistance shown at the the green line on the chart, it's a good long candidate. If it can't, it's a good short candidate. Knowing my low tolerance for risky setups, I'll probably stay away. But it's one I'll be watching...

I am currently long in ALKS, MVL, GNSS, GRP. There were a lot more red candles in tonight's scan than in the last week or so, indicating to me that the upward momentum is definitely weakening. REGN remains an 80 as a long. TIVO, AQNT, SEPR, PDLI, CELG, OSIP, AMLN, and IDCC have been...

I just wanted to make sure I wasn't missing anything based on the reactions of others to this thread.