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

Fantastic Geez.....

May I post a simulated trade?

Long CMCSA @ 14.58 (On stop)..
Stop @ 14.24.
Profit target @ 15.26.

I am still waiting for the setups Geez.....:)
 
12:56 200 FAZ 5.40
STOP 5.28; TARGET 5.60

After stock reached 5.55, I moved stop to 5.47 (6 cents over b/e). Got stopped out for pennies profit. Would have hit my target if followed the discipline suggested by GEEZ and moved stop to exactly at b/e.

Everyday is a learning.

Thanks,
 
Quote from geez:

5/21/09:

9:55 1000 UHS SHORT 56.67
STOP 56.87
TGT 56.27

10:21 600 UHS SHORT 56.09
STOP 56.39
TGT 55.49


More...

Hi Geez,

Can you please describe your thought process for entering the 2 trades listed above?

I attached a chart.

Thank you for your journal.

gotta_trade


__________________
"Happiness has little to do with the circumstances you find yourself in, but rather what your attitude is towards your circumstances."
 

Attachments

Quote from gotta_trade:

Hi Geez,

Can you please describe your thought process for entering the 2 trades listed above?

I attached a chart.

Thank you for your journal.

gotta_trade


__________________
"Happiness has little to do with the circumstances you find yourself in, but rather what your attitude is towards your circumstances."
More...

Since Geez is sleeping and it's still early here, I'll give you some solid reasons for these trades. I shorted UHS at the exact same moment as Geez on the first trade; it was funny, he announced the trade and I had just shorted at the same price. After a strong run on the open, UHS quickly retraced over 60% of it's move, which is basically a failure to thrive, and strong short signal at the top of a run.

The second short entry had two strong signals: the previous day's last support level became resistance and quickly pulled back leaving a significantly lower high.
 
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