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

Quote from lundy:

geez,

This DXD play looks similiar to your QID on friday, except the stop is much bigger, why? Seems like risk to reward is skewed on this one.

Are you using chart patterns or indicators?

Thanks,
Enjoying your thread.
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Thanks for stopping by Lundy:

Yes, the play is VERY similar looking on the 5 min charts. And you are 100% correct in that the stop should have been much tighter, but due to the fact that my internet has been going in and out all day, and "false" prints will stop you out on scottrade I put a larger stop in just in case I got bumped off.

Do you want me to tell you what stop I SHOULD have put?? Or, if you have been following, do you KNOW what stop I would/should have used?? Because you are EXACTLY right so far.
 
2/02/09:

Well....my first day off of "real" work since Obama took office and my internet goes on the fritz!!!!(Actually Verizon working on my building, so at least I know WHY I was being bumped)

I was looking to go long early this A.M., then let the day play out and see what happened-But only got to trade the afternoon.
So..just one trade today:

P/L +389.10
 
Quick daily chart scan for 02/03/09:

LONG LIST: XLNX, FAST
SHORT LIST: USO, RMBS

On Watch: JNPR (maybe short wed/thurs.)
 
02?03/09

Will look for alittle bit of follow through to yesterday's move up, but I don't think it will be too strong. I still have a short bias, but wil let the market give me indications on which way to trade today. Still strictly in scalp mode (GEEZ scalp mode, which means no swing trading).
 
02/03/09

10:28 1000 DIA BUY 79.33
STOP 79.13
TGT 79.73



Market doesn't look that strong, just playing the higher low on the 5 min chart, we'll see what happens.
 
Quote from geez:

02/03/09

10:28 1000 DIA BUY 79.33
STOP 79.13
TGT 79.73



Market doesn't look that strong, just playing the higher low on the 5 min chart, we'll see what happens.
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10:45 1000 DIA EXIT 79.74
P/L +395.07
 
Quote from lundy:

I would have put the DXD stop at 63.38.
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Bottom of the 5 min bar is 63.43, +.05 for wiggle room:
63.38 looks about perfect IMO.
 
2/03/09:

One trade again today...was looking for a good long set up in the afternoon, but nothing gave me an entry.

P/L +395.07

Daily scan for tomorrow I like an early short on AMZN (would be even better if it gapped up)
SHORT WATCH: COST
 
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