A 70k bet that I can't make a 50% gain in 2009

<img src="http://puddles.humanfund.ca/20101019/spy.png">

<img src="http://puddles.humanfund.ca/20101019/rimm.png">

<img src="http://puddles.humanfund.ca/20101019/v.png">

<img src="http://puddles.humanfund.ca/20101019/mon.png">

9:54

(2 min play)
SHORT RIMM 46.89
STOP 47.01
TGT 46.65

- Whole market down, look for a short entry for continuation..
- Caught this right as the market turned, the earlier lower high would have been perfect
- out -0.15

10:17

LONG V 79.01
STOP 78.86
TGT 79.31

- V gapped down but went green quickly unlike the rest of the market
- Look to get long as the market had turned from the bottoms
- Long the break of the round #, using the bottom of current bar as the stop
- out -0.19

10:31

LONG V 79.01
STOP 78.78
TGT 79.47

- See above, using prior bar for stop
- out -0.24
- If i tried getting the break the 3rd time this would have worked out.

10:40

LONG MON 57.67
STOP 57.49
TGT 57.99

- MON goes green just after 10am with some strength
- out -0.22

http://puddles.humanfund.ca/wp/2010/10/19/2010-10-19-trades/

(thanks mods for cleaning up the spam)
 
<img src="http://puddles.humanfund.ca/20101020/spy.png">

<img src="http://puddles.humanfund.ca/20101020/hgsi.png">

<img src="http://puddles.humanfund.ca/20101020/cof.png">

<img src="http://puddles.humanfund.ca/20101020/jnpr.png">

<img src="http://puddles.humanfund.ca/20101020/eca.png">

9:50

SHORT HGSI 24.84
STOP 25.01
TGT ..

- SPY gap up, HGSI gap down
- I chased this, missed an earlier entry on the 2min
- out -0.22

10:08

SHORT COF 37.83
STOP 38.01
TGT 37.50

- Up to 10am SPY was at HOD
- COF was at LOD
- Look for continuation as SPY turns
- out +0.33

14:12

LONG JNPR 32.5
STOP 32.37
TGT 32.76

- SPY in a slow drift down from the highs between 1-2pm with a big red bar after 2pm
- JNPR continued strength up
- got 10c from tgt really quickly
out -0.14

14:46

SHORT ECA 28.38
STOP 28.45
TGT 28.24

- ECA weak all day.
- Small rally after 2pm with SPY but fully retraced the move up in 2 bars (spy did not retrace fully)
- got 1c from stop, then LOD cover. xpert.
- out +0.13

http://puddles.humanfund.ca/wp/2010/10/20/2010-10-20-trades/
 
Hi there, here 2 questions for Geez or Puddles about the 2 following patterns:

(2) Market strong, stock has weak relative strength, buy the dip: On a multi-day move down and then a big gap down on the daily chart, wait for the first higher low to buy.

(3) Market and stock extended, short the gap: Because of the indexes being extended and the gap up I look to get into shorts aggressively. Anytime I see a gap up after a multiday run up I am looking to get short. I'm looking to short any rally on the 5 minute chart as long as that rally doesn't go past (higher) than any prior pivot highs (showing strength again). When a stock is extended and the day before had huge buying after a multi-day rally and closed at the highs. I really like this for a day trade the next day. I expect people who have been long in this stock to take profits after that kind of move so the next day I look be aggressive in shorting it.
----------------------------------------------------------------------------------------------------
Q1:
Is number 3 basically the inverse of number 2 or there something important and different I'm missing ?

Q2: Why the need for the stock weak relative strength in pattern 2 ? Weak relative strength compared to the index daily chart or intraday to the opening move of the market?

Thanks for an outstanding journal.
 
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