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A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
03/10/09:
Tues a.m.
The market is due for a bounce, but gapping up this morning, so I will be open to going long and short.
Short watch ADSK: daily basing at the low
Long watch AMGN CSCO: both oversold on daily charts
SPY, DIA daily charts look poised for a bounce, but the long setups have been getting slammed so I will play them very cautiously.
Tues a.m.
The market is due for a bounce, but gapping up this morning, so I will be open to going long and short.
Short watch ADSK: daily basing at the low
Long watch AMGN CSCO: both oversold on daily charts
SPY, DIA daily charts look poised for a bounce, but the long setups have been getting slammed so I will play them very cautiously.
03/10/09:
I got caught up at work and couldn't post results for the trades during the day, so here it goes...
OIH:
Got within .05 (70.60) of target, then reversed hard when market made it's second move.
Stopped 71.36 P/L -215.20
SPY:
On the first bounce it got with in .05 of target(.31) then came all the way back down to entry area. Since I was in a short and long I held them both, this one went to the target of .36.
P/L +398.10
DIA: Broke low for a few minutes, but market was just way too strong, stopped at .72
P/L -212.02
AAPL: Also got within .04 of tgt(87.51), then reversed. I continued to hold this one and it broke down once more, but this time only to 87.61, so the next rally I moved stop to b/e.
P/L-16.14
So when all was said and done:
Total P/L -45.26
4 trades
1win
2 losses
1 B/E
Had 3 trades within .05 of tgt. If all 3 hit , would have been a +1000 day. That's trading!!!!
I got caught up at work and couldn't post results for the trades during the day, so here it goes...
OIH:
Got within .05 (70.60) of target, then reversed hard when market made it's second move.
Stopped 71.36 P/L -215.20
SPY:
On the first bounce it got with in .05 of target(.31) then came all the way back down to entry area. Since I was in a short and long I held them both, this one went to the target of .36.
P/L +398.10
DIA: Broke low for a few minutes, but market was just way too strong, stopped at .72
P/L -212.02
AAPL: Also got within .04 of tgt(87.51), then reversed. I continued to hold this one and it broke down once more, but this time only to 87.61, so the next rally I moved stop to b/e.
P/L-16.14
So when all was said and done:
Total P/L -45.26
4 trades
1win
2 losses
1 B/E
Had 3 trades within .05 of tgt. If all 3 hit , would have been a +1000 day. That's trading!!!!
03/11/09
Wed a.m.:
If the market wants to hold this move up on the daily charts, it needs to either "rest" a few days, or make another strong move up today. I'm going in with the bias that today will be a resting day, so I will try to "fade" big moves and short weak stocks and buy strong stocks intraday.
SPLS on short watch at 1st reversal time (or weakness in the market)
Wed a.m.:
If the market wants to hold this move up on the daily charts, it needs to either "rest" a few days, or make another strong move up today. I'm going in with the bias that today will be a resting day, so I will try to "fade" big moves and short weak stocks and buy strong stocks intraday.
SPLS on short watch at 1st reversal time (or weakness in the market)