Search results

Actually almost as bad as the BLUD trade...

A profitable one - but one that should have been by far my best trade of the month... Much more painful than any of my losses... If you have a weak stomach... don't download the gif.

...now that I've gotten that out of my system... or at least have begun the process of doing so... There's nothing wrong with my theory and my trade concepts... I'm aware that simply ceasing trading for the day when things are getting out of hand, or at least stepping away, is often...

...but am not getting much out of this journal, either... no feedback.. no idea who is downloading the trades I post... whether anyone else gets anything out of this either... starting to feel stingy... why even share this confession?

... bad, painfully bad trading today... confidence shot on repeated attempted gap fades on VRTS that didn't get anywhere... began to feel world was out to get me... something terribly wrong with thinking, approach, self... emotionally crushed by 0700 AM... got even worse when, as so often...

Even on strong up days, even on otherwise decent looking "Rudd breakout" patterns, odds still are against breakout plays with entries below critical resistance - in this case a major high: Breakouts on APCC not just above the recent 15.15 but the major 15.25 might at least in theory have a...

Figures it'd be a little short on a day like today ... With the exception of a couple of scalps though, all the longs I tried today were shakeouts.

This one, as the worst in a disastrous series, will have to be emblematic for an awful day. For a long time now, it's seemed that I always get killed on big up days. And what could be worse? The whole universe seems to be holding a party, and I'm totally on the outs. I've studied big...

I find these "in-range breakdowns" trade for a relatively high percentage, especially if I don't over-press them. IDPH was 1) violating an intermediate intraday low that also 2) coincided with the previous day's low, and, 3) the stock had crossed under its 50 DMA in the grip of an incipient...

Though neither as pristine nor as profitable as the ISSX breakout, this TEVA gap fade might have reflected better trading: Though the set-up was marginal, by my standards, it qualified, and had the further advantage of projecting to a probable gap-fill alongside the larger market. On the other...

and I would think that the Turtle Soup strategies would work best on stocks and other vehicles that, unlike the Dow30, more typically attract fast-money breakout plays and players... Anyway, it may be worth considering.

...in the add-on disk for STREET SMARTS (requires some updating for proper use with TS6). http://www.tradingmarkets.com/galleria.site/software/main/products.cfm?full=1&id=5043 Shankar isn't specific at all about whatever exit or other criteria he used. Nor do I understand why he would...

Though CHKP eventually traveled further in percentage terms than ISSX from theoretical entry points, for me, at least, ISSX was a better set-up: A relatively tight stop level was easy to set and depend on (though never tested), and the trade took place in perfect harmoney both with the longer...

As though to prove the point I was making in re ISSX above (and I do not discount the role of subconscious compulsion in trading), here's CHKP, a close sectoral sibling, setting up for a breakout in the more volatile mode. I exited this trade very soon after taking it, though at enough of a...

This trade ccasioned some discussion in the ET chatroom between our good friend Mr. Nitro and myself on the value of Barry Rudd's STOCK PATTERNS FOR DAY TRADING. Though I believe both SP4DT volumes would obviously benefit from some updating, I still consider them among the most useful of all...

Yeah... they should just come clean and change their name to "Angry Black Brokers."

Arguably another variation on the theoretically fadable "volatile breakdown into support" kind of trade, the consolidation could certainly have been better formed, and getting short after a continuous 40-minute down-move into the LOD may be a slo-mo equivalent of a chasing a spike. Additional...

Well.. by the numbers it was... It looks less "likely" in the capture than it did as it was unfolding, following through on a downtrend, threatening a significant breakdown (I thought) even while the larger market was bouncing. Though CTAS held longer term support levels today ca. 46.5, I think...

I don't follow IBM, but I have in the past found AMAT fairly tradable. Though it produces smaller range except when under major news pressure, and though the tape on such high volume stocks can be harder to read, I don't see any evidence in the charts that behaves much differently from the...

now don't get TOO excited by this trade for all of .13 or so - though that does qualify as, like, .03 of extension! Actually, had hoped for a more volatile move to 18.4 or so, but, considering how things were going, I'm glad I hurried out with what I got. I'm abbreviating this trade...