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03/25/09: I would like to see one more day of pullback in the markets and then start looking long. BIOS( CEPH AMGN) look weak today and I will look to short them. JAVA looks long. STX may be an early scalp short play. Good Trading all!

thanks blue, I'm not ignoring your question, I would like to go into some details on each FAZ trade from yesterday ,but I am at work now, so I will get back to it later today (about 4pm).....hope it will be helpful for you.

quote from nodoji: "Hermit, I am vicariously enjoying your glee" Nod- Don't you DARE steal my line!!!!! The shame!! -G

03/24/09: Total P/L +157.81 6 trades 2 wins 4 losses I made a mistake on my first trade and put in too many shares, but got lucky and it went to target. I kept trying to play higher lows on FAZ and the last trade finally paid off.

LATE POST: 500 FAZ EXIT 18.48 P/L -225.90

14:56 600 FAZ EXIT 19.94 P/L +471.53

03/24/09: 14:46 600 FAZ BUY 19.13 STOP 19.78 TGT 19.85

monty, I agree with you on this. Most times I use a minimum of .25 on DIA and SPY. You are one of the few who agree with me on this I guess. With this trade DIA was already up alot and it was in a tight range, I felt if it broke that .40 it was showing weakness. It stopped me right at .40...

monty, I'll hold a postion til EOD, then close it out. I try to hold for target or stop and not move my stops around too much.

Thangar, FAZ never got high enough for me to change the stop..I do alot better letting trades go on.

500 FAZ EXIT 18.77 P/L -220.03

03/24/09: 14:03 500 FAZ BUY 18.90 STOP 18.50 TGT 19.70

03/24/09: 11:46 500 FAZ BUY 19.18 STOP 18.78 TGT 19.98

10:55 800 DXD EXIT 91.94 P/L -221.10

03/24/09: 10:45 800 DXD BUY 62.20 STOP 61.95 TGT 62.70

10:31 1000 GG EXIT 32.83 P/L -231.83

03/24/09: 10:07 1000 GG SHORT 32.61 STOP 32.81 TGT 32.21

9:56 2000 GG EXIT 32.58 P/L +585.14

03/24/09: 9:40 2000 GG SHORT 33.88 STOP 33.13 TGT 32.58

03/23/09: Total P/L +956.78 4 trades 3 wins 1 loss My DIA stopped me out at 75.40(14:12)..I was the bottom tick and once it took me out it turned back to the upside and never looked back, but I'm very glad I took 4 longs on a day like today.