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Good work, Nas! Hope you caught that CTRP end of day break out of consolidation!

Thanks, Nas! I really needed some good trading after last week:cool:

+ $1522 My 47.65 limit order on the remaining shares of CNQR filled early this morning for an additional gain of $216. Saw FWLT hit the hi ticker this morning and sure enough it found major support and broke out. I decided to purchase it in our IRAs for a long term holding: Great...

+1522 AMED and the 200-day MA make my day! (Holding unrealized $700 gain on AMED Sept calls, too.) Also holding unrealized gains of of $2200 on FWLT in our IRA accounts (long term trade). Why I didn't trade it in my trading account, too, I have no idea... Holy cow, Nordik, go buy...

Nas, post your mistakes so the rest of us can pick them apart :p

Forgot to post one of my unusual trades from last week, not a day trade, rather a very long term position. After hours last Thursday, I saw hundreds of thousands of shares of NVAX being purchased by about a dozen company insiders at an average price of 2.85. I looked them up and found them to be...

When you're up by a "good amount", I would say lock in profits with a stop, or take profits on at least half the trade. Then there's always the old standby: Take profits :p

riskfree, who cares if you're wrong sometimes and lose a few as long as you have stop loss in place. When a stock pulls as far from its SMAs as MCD did, it has to take a moment to breathe, and if you short it when the buying volume starts to dry up, you've got a pretty high probability trade on...

+739 I closed out a single FLR put I bought yesterday pre-earnings when I saw over 2 million shares sell of in a single swoop. I took a $66 loss on it after they reported a triple play earnings hit and opened higher after trading quite high in extended hours. Well, what happens in extended...

+739 Took advantage of a nice FLR breakout. Holding some CNQR short overnight as only a small part of my limit order got filled on the downtrend (I literally picked the bottom for my limit price). (whilhacker, you will feel better by going to page 560 and viewing my P&L when you have...

I had that problem today too. :eek: I vowed that tomorow I will only trade off my hot list!

-$1647 I exited all three of my overnight shorts at a loss because I did not like the action at all this morning. They all moved significantly higher than my exit prices, so I was glad to be out. Also closed out WYNN puts when the stock rallied from the open. I had planned to go long WYNN...

- $1647 I hesitated to enter what would have been very solid trades. Tomorrow is a new day!

MCD is at a 52-week high and has moved far above its SMAs. The majority of the time this acts as a bit of a magnet and the stocks pulls back at least a little before resuming an uptrend. Today, the OP can already take profits in pre-market, based on his/her entry price. Also MCD margins will be...

Karl, I also sent you a PM.

First, check out a book called The Market Maker's Edge by Josh Lukeman and read the first chapter 3 times. Then commit the first chapter to memory. Be able to write out the first chapter without looking at it. Then make sure that first chapter is an integral part of your trading body and soul...

I paper-traded Velez's strategies for about a month and finally jumped in last month applying them to day trading. I made $17700 on a $130K account in 15 trading days. I had 13 out of 15 profitable days. Then I committed the cardinal sin of changing my trading plan (swing trades, loose stops)...

Hellothere: I post a fairly detailed journal at the end of each day (Journals: NoDoji's Day Tradiing Log). There you can see what I've done that's successful and what I've done to make a real mess of things. You can even compare my entry/exits to the day's charts and pick apart my trades, the...

Forgot to post one other trade that I closed out today - MDRX short - scaled in at an average price of 15.22 and closed 15.14 for a $160 gain. Again, commissions killing me. Plan to switch to IB by Sept.

+ $295 Used today’s rally to scale into several short positions, some of which I’m holding fairly close to my entry prices: PNC, MMC, and PLCM Shorted PWR in the morning @34.80, retracement off the high, stopped out at 34.60 for a gain of $200. FWLT hitting new lows all morning...