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

Quote from Softgiant:

good summary jscott...that is exactly what I have been doing, today I had a 3.3x reward to risk, due to using the existing level

thanks for your input...i figure a few more weeks of small ball and then i may step it up a bit.
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That's the best way to do it!
 
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Quote from JScott:

I'm sure geez and puddles will edit me here if necessary, but target should be at least 2x risk. If prior resistance/support presents a target beyond that, then there's no problem with taking some off (2/3, 3/4) at the first target and trying for the second target with the balance. We all do it at one point or another. HTH.

JS
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Yup, right now all I'm aiming for is 2:1 reward:risk and a 50% success rate. repeat ad infinitum

I know that geez sometimes moves stops/targets after taking some off at 2:1
 
Quote from JScott:

I'm sure geez and puddles will edit me here if necessary, but target should be at least 2x risk. If prior resistance/support presents a target beyond that, then there's no problem with taking some off (2/3, 3/4) at the first target and trying for the second target with the balance. We all do it at one point or another. HTH.

JS
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Couldn't have said it better myself.

*Puddles, sounds like JS may be sneaking around Mr Weinsteins room too..we may have to do some searching tomorrow, sniff out this JScott character!
 
Quote from puddles:

15:30

SHORT APC 57.01
STOP 57.20
TGT 56.63

geezy and i are in this one together..

0-3 ends my day..
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I got filled .02 on this one, my stop was .17 and target was .72...and took it breakeven as well

* .01 from tgt Nodoji..ENJOY!!!
 
Quote from geez:

Couldn't have said it better myself.

*Puddles, sounds like JS may be sneaking around Mr Weinsteins room too..we may have to do some searching tomorrow, sniff out this JScott character!
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I'll be sitting in the corner, waiting to be sniffed :)
 
<img src="http://puddles.humanfund.ca/20100510/spy.png">

<img src="http://puddles.humanfund.ca/20100510/cam.png">

<img src="http://puddles.humanfund.ca/20100510/mee.png">

<img src="http://puddles.humanfund.ca/20100510/apc.png">

10:55

SHORT CAM 35.6
STOP 35.78
TGT 35.24

- CAM very weak vs. SPY today, almost closes the gap
- Take the lower high.

14:58

LONG MEE 35.88
STOP 35.73
TGT 36.18

- From 2pm to my entry MEE is very clean and strong vs. a choppy SPY
- Take the tight higher low

15:30

SHORT APC 57.01
STOP 57.20
TGT 56.63

- APC dips with SPY from 3pm but does not participate on SPYs retrace after 10 minutes.
- geez and I were a little annoyed we missed the perfect lower high short at 3:00pm at 57.75
- geez and I talk each other into shorting
- APC blows past 57 and teases our targets, both of us move our stops to B/E
- APC and the overall market rips and takes out our b/e stop

0-2-1 today
 
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