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

If anyone (ahem Nodoji) wishes to post any of these charts in here, feel free. The visual may make it alot easier to understand.
All my trades today were well within my trading plan so I can not be upset. The AMZN and QID trades are 2 of my favorites. AMZN was very close to target, but the strength of the market brought it back..part of trading.
 
Quote from OptionsCharm:

Glad to see your last trade a decisive win.
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OC,
Actually a mistake on this one...revenge trading made me go for a bigger target I think. I really only wanted a 2-1 return on this, but for some reason when I did the math my total came to 47.68 when actual target should have been 47.58. Got lucky!
 
geez, if you have a highlight trade of the day, let me know before close and I'll post the chart with your entry/exit.

On days when I am not too lazy to post charts, that is.

Often the dog and the ball and the park exert a massive pull upon me before I can take the time to do a chart analysis :p

I mean, really, how can you resist this face?
 

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Quote from NoDoji:

geez, if you have a highlight trade of the day, let me know before close and I'll post the chart with your entry/exit.

On days when I am not too lazy to post charts, that is.

Often the dog and the ball and the park exert a massive pull upon me before I can take the time to do a chart analysis :p

I mean, really, how can you resist this face?
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Nod..if you please either QID 5 min chart or AMZN 5 min chart.....
What is that, a wet rat?? :mad:
 
I hope it hurt when my dog bit you!

I attached a chart, because I'm nice and sitting here eating, since my vintage IBM keyboard doesn't yet contain enough particles to constitute a full serving of Trader's Trail Mix when turned over and shaken :p
 

Attachments

Quote from NoDoji:

I hope it hurt when my dog bit you!

I attached a chart, because I'm nice and sitting here eating, since my vintage IBM keyboard doesn't yet contain enough particles to constitute a full serving of Trader's Trail Mix when turned over and shaken :p
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Hey, thanks Nodoji-that looks great! That's the AMZN trade I took today, you can easily see the strong break below the pivot, the very small rebound from that and then my entry (and how close it came to target).
I take back the wet rat comment, he doesn't look that wet at all. :D
 
04/1/09:

It looks like the indexes want to start the ever popular "X-mas pattern" on the daily charts (one green bar followed by red, followed by green...etc). The indexes are stuck between a nice month long rally and a overall bear market. SPY got within .03 of filling the gap of 3/27 in yesterday's action. Today I have no bias long or short. With the gap down in the a.m. I will look for what's holding strong early to scalp long, but will keep an eye on many sectors to the short side(mostly financials). I mentally go into a day like today saying "don't over trade"-I try to stay at about 3 trades on days like this, when I have no bias in either direction.
Self control is essential on days like this, why waste capital on unsure days when you can wait for days you want to be aggressive ( see patterns that you really like).

It also looks like more people were interested in Nodoji's giant gerbal instead of the AMZN chart, but she did a great job of showing the entry on that yesterday-thanks again NoD!
 
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