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    Steven Cohen's trading results

    This comment makes no sense. There are 10,000 stocks in the US.. every investor has their own style and habits. How can too many people jump on board 10,000 different stocks and make trading with an edge collapse. Your scenerio is a hypthetical that will never occur... what is even the point...
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    Steven Cohen's trading results

    You simply dont know what you are talking about. Why do u make these sweeping statements about markets. If one has an edge they would not run random computers models to generate signals. Its about taking small losses, small gains and knowing when to step on the gas. Stepping on the gas can...
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    Steven Cohen's trading results

    You are totally off base here dude... You think that everyone on this forum daytrades. Cohen is more of a swing/position trader. I myself am a swing trader.. taking small losses for me can be put into a different context than your typical prop shop daytrader. I am sure there are traders in...
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    Mike's Swing Trading Journal

    Long 300 NFI.. avg price of 38.45.. stock is coming off great earning report.
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    Mike's Swing Trading Journal

    Long 200 NFI.. @ 38.36 .. been scaling into this thing all day
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    Mike's Swing Trading Journal

    Sold rest of CREE.. stock should of been up more today... might re-enter later at lower prices.
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    Mike's Swing Trading Journal

    Sold 200 CREE.. to lock in profits Short 100 PHM @ 72
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    Steven Cohen's trading results

    Read the Schwager Stock Market Wizards book and they mention that only 5% of his trades make virtually all of his profits. His typical trader is right about 50-55% of the time.. and his top trader averages 63% win/loss.. The bottom line is that most of the time they just churn but once in a...
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    Mike's Swing Trading Journal

    Long another 100 CREE @ 23.74 ... brings total position to 400 shares. No other positions.
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    Mike's Swing Trading Journal

    Covered HOT, JOE, PHM.. just churning here.. minimal gains. Still long CREE
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    Mike's Swing Trading Journal

    On a slow smooth moving stock like JOE.. intraday trading around your short bias is not a bad idea.. but i never made any real money doing it. I recommend always trying to nail the overnight moves.. which usually progresses in a 1-3 day time frame in most of my plays. Right now my position...
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    Mike's Swing Trading Journal

    You covered the whole JOE?
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    Mike's Swing Trading Journal

    Homebuilders are getting slammed today.. playing into the weak gdp/economy story... might add another 100 to PHM at EOD.
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    Mike's Swing Trading Journal

    JOE is a solid short.. i re-entered another 100 @ 69.25 I am trading around this stock with a short bias.. because its pretty slow moving... its an excellent swing trade stock.. very smooth daily chart.
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    Mike's Swing Trading Journal

    Long another 100 Cree @ 23.76.. like the action of this stock
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    Mike's Swing Trading Journal

    Short 100 PHM @ 69.32 Short 100 HOT @ 55.35
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    Mike's Swing Trading Journal

    Covered Joe at 69.. Only long CREE here.. the stock suprisingly acted pretty strong throughout the broader market weakness... maybe if market reverses will add more... for now keeping things very light in this whippy market.
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    Mike's Swing Trading Journal

    I had internet connection problems today... got out of AW in the high 7's for a respectable gain.. and didnt add to CREE because of weak market.
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    Mike's Swing Trading Journal

    Depending on how the market acts in the morning.. I will buy another 200 CREE above yesterdays high of $24. CREE had really good earnings and bucked much of the selloff the past few weeks.. I think this is a stock that is being held down by the broader market. In the next few days/weeks if...
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    Mike's Swing Trading Journal

    I mean the stock can still go up to the 50's... if you wait out the correction and are an intermediate term swing trader... but i am short term and it didnt fit my type of setup at all.
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