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A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
Quote from geez:
14:15 300 FAZ EXIT 79.65
P/L +451.07
I totally %$#@# this trade up by not taking the time to check the right stop(should have been 82.85)
The trade was a setup I like alot...extended daily chart ,gap up, rally most of the day.
13:35 setups up a 5 min higher low that fails.
13:50 has a wide range bar down, followed by just a small move back up(13:55-14:00)
14:05 starts what I call a "continuation move" lower of the 13:50 wide range bar down.
Even though I screwed the pooch on the correct stop/tgt, I got lucky that I got my target. But this is still a setup I look for.
Quote from geez:
I totally %$#@# this trade up by not taking the time to check the right stop(should have been 82.85)
The trade was a setup I like alot...extended daily chart ,gap up, rally most of the day.
13:35 setups up a 5 min higher low that fails.
13:50 has a wide range bar down, followed by just a small move back up(13:55-14:00)
14:05 starts what I call a "continuation move" lower of the 13:50 wide range bar down.
Even though I screwed the pooch on the correct stop/tgt, I got lucky that I got my target. But this is still a setup I look for.
I had a similar trade on SKF. Got stopped out right before it tanked. These things move like nut job, hard to figure out the right amount of stop to put in.
Quote from traderyin:
I had a similar trade on SKF. Got stopped out right before it tanked. These things move like nut job, hard to figure out the right amount of stop to put in.
I actually made money on this trade, but it's the fact that I was at work and didn't take the time to make sure entry/stop/tgt , were correct...that's what bothers me. Not taking the extra 3 seconds to insure everything is entered correctly. Thedifference between a novice and a pro.......learn from my mistakes everyone!!!......
Headed out to meet the "suits" for happy hour, will post my total win% later.....have a good weekend all.
02/23/09:
Monday a.m. looking to take a long scalp on the first pullback, if we hold the gap.Overall, for the day i have a long(scalp) bias, but if we start to get some wide range bars down I am always open for a scalp short......
Also, looking for a stock or 2 that are not gapping up, and don't rally with the market , to short at the 1st reversal time.
good trading all!
Monday a.m. looking to take a long scalp on the first pullback, if we hold the gap.Overall, for the day i have a long(scalp) bias, but if we start to get some wide range bars down I am always open for a scalp short......
Also, looking for a stock or 2 that are not gapping up, and don't rally with the market , to short at the 1st reversal time.
good trading all!