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

[geez]

4/13/09:

11:35 1000 QID BUY 41.40
STOP 41.20
TGT 41.80

 

[geez]

Quote from mikea59:

Mr G,

How the hell did you pull this one off? SKF was in a free fall (5min chart), no support in sight, stoch looked oversold, but you don't use indicators, right?

Good call!

Thanks Mike,
I actually just played the higher low on the 5 min chart. Had a short bias(SKF is a short fund), so I just waited for the higher low.

 

[mikea59]

Quote from geez:

Thanks Mike,
I actually just played the higher low on the 5 min chart. Had a short bias(SKF is a short fund), so I just waited for the higher low.

Ok, well the major trend on the SKF was was still down on the 5min, I was just surprised to see you go long.

 

[geez]

4/13/09:

2:43 200 SKF BUY 61.45
STOP 60.45
TGT 63.45

 

[geez]

Quote from geez:

4/13/09:

2:43 200 SKF BUY 61.45
STOP 60.45
TGT 63.45

LATE POST


SKF EXIT 60.44
P/L -216.00

 

[geez]

Quote from geez:

4/13/09:

11:35 1000 QID BUY 41.40
STOP 41.20
TGT 41.80

LATE POST

1000 QID EXIT 41.18
P/L -235.13

 

[geez]

4/13/09:

Total P/L: -505.39
5 trades
1 win
4 losses

 

[geez]

4/14/09:

Tues a.m.

BAC has 2 wide range bars after a run up on the daily and is gapping up today. I will try to get short 2-3 times on this stock.
Also watching SKF long early.
Good trading all!

 

[geez]

4/14/09:

9:30 2000 BAC SHORT 11.12
STOP 11.22
TGT 10.92

 

[geez]

Quote from geez:

4/14/09:

9:30 2000 BAC SHORT 11.12
STOP 11.22
TGT 10.92

9:32 2000 BAC EXIT 10.91
P/L +395.09