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

geez · May 14, 2009

Quote from geez:

5/14/09:

10:15 1000 BAC BUY 11.11
STOP 10.91
TGT 11.51

10:19 1000 BAC EXIT 10.91
P/L -216.20

geez · May 14, 2009

5/14/09:

10:26 (rest of fill at 10:30) 1200 MGM BUY 7.69
STOP 7.55
TGT 7.99

TraderSU · May 14, 2009

Quote from geez:

5/14/09:

10:26 (rest of fill at 10:30) 1200 MGM BUY 7.69
STOP 7.55
TGT 7.99

I can't see the exact price on chart. Did it hit the target or miss by few cents?

geez · May 14, 2009

Quote from geez:

5/14/09:

10:26 (rest of fill at 10:30) 1200 MGM BUY 7.69
STOP 7.55
TGT 7.99

1200 MGM EXIT 7.55
P/L -194.55

geez · May 14, 2009

5/14/09:

10:51 1800 BAC BUY 11.05
STOP 10.94
TGT 11. 28

geez · May 14, 2009

Quote from geez:

5/14/09:

10:51 1800 BAC BUY 11.05
STOP 10.94
TGT 11. 28

11:12 1800 BAC EXIT 11.27
P/L +381.83

geez · May 14, 2009

5/14/09:

1:56 2000 FAS BUY 9.17
STOP 9.07
TGT 9.37

geez · May 14, 2009

Quote from geez:

5/14/09:

1:56 2000 FAS BUY 9.17
STOP 9.07
TGT 9.37

2:40 2000 FAS EXIT 9.37
P/L +388.10

snake · May 14, 2009

Quote from geez:

5/14/09:

1:56 2000 FAS BUY 9.17
STOP 9.07
TGT 9.37

Interesting trade....doesn't seem to fit your normal criteria as FAS was still declining. I'm assuming you were buying off the 1:48 bar but saw it a bit late? Worked out well for you regardless!

By the way, what account size are you working with? It's about 70-80k right? 70k starting?

geez · May 14, 2009

5/14/09:

Total P/L +351.38
5 trades
2 wins
2 losses
1 b/e