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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:
OC,
If my bias is long and the trend is up I will play higher lows, but as today went I had to wait for lower highs in RIMM to short and DIA (DXD long). The same with FAZ..I waited for the first higher high on the 5 min chart, then bought on the first higher low at 37.00.
Thanks for answering my question and sharing your method. I usually do swing trade in options and daytrading stocks is a bit "terrifying" for me, however I can also see a lot of opportunites in day trading stocks and have started to do a little, however I am lacking your kind of discipline and therefore I found your journal quite worthy of following. Good luck with tomorrow's trades!
OC
03/18/09:
It was hard to keep elitetrader up yesterday. Here are the results from yesterday's trades:
600 DIA EXIT 72.07
P/L -196.08
200 FAZ EXIT 41.02
P/L -210.00
600 SRS EXIT 70.09
P/L -216.80
300 FAZ EXIT 39.71
P/L -206.00
Total P/L -828.88
4 trades
4 losses
At least the guiness helped ease the pain.
It was hard to keep elitetrader up yesterday. Here are the results from yesterday's trades:
600 DIA EXIT 72.07
P/L -196.08
200 FAZ EXIT 41.02
P/L -210.00
600 SRS EXIT 70.09
P/L -216.80
300 FAZ EXIT 39.71
P/L -206.00
Total P/L -828.88
4 trades
4 losses
At least the guiness helped ease the pain.
03/18/09:
Wed a.m.:
The daly charts are setting up for a "measured move" higher:
We had a 4 day rally, followed by a red bar monday, followed by another move up on tues. If you believe in the "measured move" (I'm not a huge believer, but have seen it in the past) we should get a rally over the next few days. With that being said, and after having 3 shorts stop me out yesterday, I will be open to both longs and shorts today. It looks like most of the strength is coming from the nasdaq early on.
Good trading all!
P.S. AMZN daily chart was a beautiful long setup yesterday, but I just didn't "feel" it...so the lesson there:
Just trade what you see, not what you think!
Wed a.m.:
The daly charts are setting up for a "measured move" higher:
We had a 4 day rally, followed by a red bar monday, followed by another move up on tues. If you believe in the "measured move" (I'm not a huge believer, but have seen it in the past) we should get a rally over the next few days. With that being said, and after having 3 shorts stop me out yesterday, I will be open to both longs and shorts today. It looks like most of the strength is coming from the nasdaq early on.
Good trading all!
P.S. AMZN daily chart was a beautiful long setup yesterday, but I just didn't "feel" it...so the lesson there:
Just trade what you see, not what you think!