A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
4/7/09 Trades:
9:45 AAPL SHORT 115.90
*`AAPL daily chart is exended and w/ a gap down in the a.m. I waited for the first break below a rally or base. At 9:45 AAPL put in a green bar on the 5 min chart, if it breaks below this, it's showing weakness. At 9:45 it breaks lower (I get a great entry of 115.90), stop above the 9:40 bar (116.40), tgt at 114.90. goes to tgt.
10:01 LAMR SHORT 13.48
*LAMR is very extended on the daily chart. Has a gap down, sells off, then puts in a lower high at 10:00. I short below the 10:00 bar(13.48), but I only get a partial fill(440shares). I was trying for a .25 stop and .50 tgt w/800 shares, but since I got a small fill and wanted to try a swing, I decided to swing this trade w/ a initial stop at 13.80 and a 1.00 gain tgt.
11:58 AAPL SHORT 115.01
*AAPL is weak and setting up a small lower high on the 5 min chart, I got agressive and put an entry under the 11:55 bar(that was still forming-mistake) I was not sure if the uptick rule was reinstated or not, so Iwas worried about getting in shorts w/out missing the move. I put the stop over the pivot(115.31) and tgt 114.41. AAPL stopped me out, then turned and went to the tgt.
12:00 DXD BUY 59.38
*DXD moved close to the highs of the day, put in a small higher low at 11:55 and I put a BUY limit order in over the 11:55 bar. i usually put my buy limit .03-.05 over the price I would like (to make sure I get in) and my oder bar said I was filled at 59.38.....I go back and look at my charts and the high of the bar says 59.35, hmmmmm. This just help confirm my thoughts that brokers match order internally w/ other customers and doesn't send all orders out to the open market, but what do I know?? Anyway, I put my stop at the pivot low (59.15) and tgt at 59.88. Exited at the stop.
1:03 DXD BUY 59.21
* DXD stays in the upper range ofthe day and pulls back on the 5 min chart to set up a higher low at 1:00. I buy over the top of that bar(59.20) give it a .20 stop and put the tgt 59.61. exit at tgt.
I had a short bias all day due to the daily charts being extended. This keeps me away from any long setups that may occur, which kept me from trading after 1:30 pm.
9:45 AAPL SHORT 115.90
*`AAPL daily chart is exended and w/ a gap down in the a.m. I waited for the first break below a rally or base. At 9:45 AAPL put in a green bar on the 5 min chart, if it breaks below this, it's showing weakness. At 9:45 it breaks lower (I get a great entry of 115.90), stop above the 9:40 bar (116.40), tgt at 114.90. goes to tgt.
10:01 LAMR SHORT 13.48
*LAMR is very extended on the daily chart. Has a gap down, sells off, then puts in a lower high at 10:00. I short below the 10:00 bar(13.48), but I only get a partial fill(440shares). I was trying for a .25 stop and .50 tgt w/800 shares, but since I got a small fill and wanted to try a swing, I decided to swing this trade w/ a initial stop at 13.80 and a 1.00 gain tgt.
11:58 AAPL SHORT 115.01
*AAPL is weak and setting up a small lower high on the 5 min chart, I got agressive and put an entry under the 11:55 bar(that was still forming-mistake) I was not sure if the uptick rule was reinstated or not, so Iwas worried about getting in shorts w/out missing the move. I put the stop over the pivot(115.31) and tgt 114.41. AAPL stopped me out, then turned and went to the tgt.
12:00 DXD BUY 59.38
*DXD moved close to the highs of the day, put in a small higher low at 11:55 and I put a BUY limit order in over the 11:55 bar. i usually put my buy limit .03-.05 over the price I would like (to make sure I get in) and my oder bar said I was filled at 59.38.....I go back and look at my charts and the high of the bar says 59.35, hmmmmm. This just help confirm my thoughts that brokers match order internally w/ other customers and doesn't send all orders out to the open market, but what do I know?? Anyway, I put my stop at the pivot low (59.15) and tgt at 59.88. Exited at the stop.
1:03 DXD BUY 59.21
* DXD stays in the upper range ofthe day and pulls back on the 5 min chart to set up a higher low at 1:00. I buy over the top of that bar(59.20) give it a .20 stop and put the tgt 59.61. exit at tgt.
I had a short bias all day due to the daily charts being extended. This keeps me away from any long setups that may occur, which kept me from trading after 1:30 pm.
Thanagar,
Ummmmm yea, me too.
I don't look at p/e ratios at all. But since this is a swing short, I'm guessing this is a good thing?
Actually I'm just looking to take this into wed. or thurs at the most, but thank you for helping confirm my short bias on LAMR.
And feel free to help push EVERY short I do lower Thanagar!!!
-G
4/8/09:
Wed a.m.
We have filled the gap up from 4/2 on the indexes on 2 days down. We may turn back to the upside today, putting in another higher low on the daily. I will be open to both shorts and longs today w/ a VERY small bias to the upside even though most of the large nasdaq and dow stocks still look somewhat extended on the individual charts.
Wed a.m.
We have filled the gap up from 4/2 on the indexes on 2 days down. We may turn back to the upside today, putting in another higher low on the daily. I will be open to both shorts and longs today w/ a VERY small bias to the upside even though most of the large nasdaq and dow stocks still look somewhat extended on the individual charts.