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  1. I

    Umm, a journal

    Pair trade with Long CHKP/short SYMC started out a real dud. Letting my read on the daily chart win over direct contary evidence -- not good so far, but for trades initiated off daily chart ought to have more room to work.
  2. I

    Umm, a journal

    Add to SYMC short @ 31.22
  3. I

    Umm, a journal

    An ugly morning for me, entries were just about horrible across the board. Someone once wrote xecution is 80% of the trade, prognostication 20% -- applies especially to first hour of trading.
  4. I

    Umm, a journal

    Back in long CHKP @ 13.20
  5. I

    Umm, a journal

    Short SYMC @ 30.80
  6. I

    Umm, a journal

    Covered BRCM @ 20.23
  7. I

    Umm, a journal

    Short BRCM @ 20.02
  8. I

    Umm, a journal

    Sold CHKP @ 13 Not much lift to either of these on the bounce.
  9. I

    Umm, a journal

    Sold BRCD @ 18.25
  10. I

    Umm, a journal

    Add to BRCD @ 18.26
  11. I

    Umm, a journal

    KLAC holding well -- colors me bullish, even as nq drops 19.
  12. I

    Umm, a journal

    Long BRCD @ 18.32
  13. I

    Umm, a journal

    Adding to MLNM @ 9.38
  14. I

    Umm, a journal

    Long MLNM @ 9.30
  15. I

    Umm, a journal

    Long CHKP at 13.13
  16. I

    Trying to post charts

    Look at it from the other side, the best bounces form hard and fast (V-like reversals), while the stocks that drop quickly but then only consolidate sideways are bottom-fishing traps. Picking bottoms is never easy and when you can lazily buy a stock hovering just above its recent low, you...
  17. I

    Umm, a journal

    Divergence trades work best at the end of trends and up to the point of an actual market turn; conversely, they give the weakest signals (in terms of risk/reward) at the start of a new trend. You really don't want to be looking for weak charts to short while the market is potentially beginning...
  18. I

    How do you use support and resistance?

    Although I tend to agree with publias, I think strictly entering on obvious R/S breaks (and subsequently setting stops at same levels) is at best 50/50 these days -- you really need to see in what way those levels are taken out -- using volume, news, consolidation patterns, etc. However, using...
  19. I

    How do you use support and resistance?

    I like to sell resistance when I think the subsequent pullback to support won't hold, and vice versa for buying support. Example from last week, what IDPH looked like on 7/8.
  20. I

    Experinced traders only please ,Profit goals vs. buying power

    Stocks like KLAC can make 3pts moves very easily on certain days, 11K on positions of those sizes on those stocks is not abnormally large. Won't happen everyday, but if you're willing to sit with 4000 shares of NVDA and 2000 of KLAC etc, you BETTER be going for 10k total profit when you...
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