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  1. J

    James Brick and Mortar Discretionary Trades

    >> Account Update << Dax short @6950, with a bit of scalping, which went well, till the last trade, which took around 3'000$ off the overall profit. But it showed the thin line between profit and loss, had the position been stopped out at the 6925 when a big guy hit the tape (high was 6924)...
  2. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Closed remainder @ 6920.5 as i believe the 6925-30 might be crowded with other stops.
  3. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Closed part of the position 6915-10.
  4. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Looking to close the short on continued strength. might be more around the 6930ish level, than the 6925. added some more shorts around 6920. pretty decent size short now
  5. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Stop not hit yet, but i'm shocked of that move, that just happened... 14 points up in a second on a big order and stops hit... didnt expect the market to be that thin...
  6. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Added some DAX shorts around 6907 (12 pieces) in a scalp attempt. In case the stop gets hit at 6925-30, those scalp shorts could dig badly into the overall profit.
  7. J

    James Brick and Mortar Discretionary Trades

    >> Trade Close << remaining 800 THLD stopped out @ 6.02. Profit/Loss after Commission: + 1027 $ ________________ New Balance: 513'445 (+13'445) Open Positions: -3 FDAX (profit/loss not yet added to balance, will be done when position closed) About Open Positions: Looking for...
  8. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << THLD: Sold 3200 of 4000, at different levels on its run up. remaining 800 are set limit at 100 each: 6.68,78,93;7.14,29,44,59,74 Or stop around 6.00. Trade worked out just pretty much perfect... got a bit cautious after the quick sell off just before open, would have...
  9. J

    James Brick and Mortar Discretionary Trades

    >> Trade Open << 2350 THLD @ 6.09 Very strong momentum towards open, possible short squeeze, options related buying after open, looking for >6.50. Potentially add some if momentum keeps up, any addition will result in the stop price being increased. Stop 5.09. Edit: added 1650@5.84...
  10. J

    James Brick and Mortar Discretionary Trades

    --- US Market Outlook --- Interesting Stocks: CORT - up 62% on drug approval : - no history on that, hard to say wether move is fundamentally sound. - look at momentum for possible daytrade - probably no trade here as volume and market cap invite MM&HFT to fool around. THLD - up...
  11. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Scalping Shorts all back off, some in the 6902-04 area, rest closed around entry. Will post overall PnL, after whole position is closed. (still 3 FDAX short ON)
  12. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Adding some shorts (7) at the current level 6907-6909, for a quick scalp back to 6900 level, worst case stop on whole position 6925. No major numbers at 8:30 ET
  13. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Trade developing good, still holding on to those 4 remaining shorts. Looking to close one around 6880, and then reevaluate (maybe lowering the stop). Edit: looking for <6870 for first close, rather than 6880, and stop moved to 6925. Edit: closed one at 6898.5 as...
  14. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Stop moved to 6940, Buy limit at 6891.5 for first of the 5 remaining shorts. Edit: downmove somewhat takes a break right now, took off 1 at 6910 (thus the 6891.5 limit is removed)
  15. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Stop moved to 6950. Any downmove can really have legs here, as market focus may shift from greece rescue to iran... Stop@6950 is somewhat close to current prices, viewing it as a (more or less) trail stop of 25 points.
  16. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Took some 4 off 6938-6941. looking to take one more off at 6933.50. Won't be in a hurry to take off the remainder thereafter (looking for possible homerun with <6900). Edit: 6933.50 hit. 5 shorts remaining, if we get to 6925, stop will be lowered to 6950. Not closing...
  17. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Looking to add more shorts, if market goes lower Edit: Added 4 shorts Total Shorts: -9@ avg 6951.5 EDIT: this trade has a relatively wide stop at around 7000ish (not to get stopped out in case there's another quick upleg, before the expected sell-on-good-news...
  18. J

    James Brick and Mortar Discretionary Trades

    >> Trade Update << Long got stopped out and turned position around to short -5 FDAX 6954. If intermediate top was established at 6976, this could be the start to the post greece sell-on-good news
  19. J

    James Brick and Mortar Discretionary Trades

    >> Trade Open << Jumping onto the squeeze train... however a low conviction trade, so only long 2 FDAX@6970.5, stop 6950.5.
  20. J

    James Brick and Mortar Discretionary Trades

    Yes, you are absolutely right... that's when it gets really interesting. there will be that -30k for sure at one point, it happened in the past an will happen again. I try to get in, when momentum is somewhat in the direction of my trade, but it does and did happen that i find myself...
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