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

<img src="http://puddles.humanfund.ca/20100521/spy.png">

<img src="http://puddles.humanfund.ca/20100521/arun.png">

10:30

LONG ARUN 12.51
STOP 12.44
TGT 12.65

- Both ARUN and SPY gap down but head higher
- As SPY puts in 4 red bars retracing ARUN holds strong
- Buy over the tight bar on ARUN as SPY turns
- 3 bars of weakness take out my stop then ARUN makes it's slow move back up to my target

I also fat fingered VRTX short at 10:52am..

- VRTX was showing great relative weakness to the market so short a lower high setup

I managed to:

1. Cancel my stop limit short to enter the stock
2. Thinking my short filled I proceeded to enter in my stop order
3. Screwing up my stop buy order I in turn bought at market
4. The trade immediately moves 5c against me
5. VRTX goes up and I close out the long losing a few cents and just move on..

I'm counting this as a b/e trade. Had i not screwed it up I would have been shaken out again (11:40) and then VRTX would have rocketed to target (standard)

0-1-1 - 8 day win streak broken

3-3-2 on the week, right on plan

http://puddles.humanfund.ca/wp/2010/05/21/2010-05-21-trades/
 
You must be quite good to make a bet like that. Here's what I think is going against you.

a. the market (it's looking quite bearish at the moment) and it's harder to make that kind of a return in a down market

b. To make that kind of return, you're probably going to be having to invest in penny stocks.

It's possible to do as I know I've done it but I think the odds are in your friend's favor.
 
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