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

[puddles]

Quote from DT3:

How many charts are you looking at one time? Are you trading prop or a retail account?

I trade on a 23" monitor or a 15" laptop depending on what location i'm at. One 5min chart linked to a daily chart + order entry and another 5min chart for another stock to watch..

I trade with a remote prop account.

geez trades off a 15" laptop.

 

[DT3]

wow so your only looking at 2 stocks the whole time? i thought you'd have at least 10-15 charts up and was gonna ask you how you keep your focus

 

[puddles]

Quote from DT3:

wow so your only looking at 2 stocks the whole time? i thought you'd have at least 10-15 charts up and was gonna ask you how you keep your focus

Well every 5 minutes I'm flipping through a lot of charts looking for setups.. Once the trade is on there's no need to watch it very carefully

 

[geez]

Quote from DT3:

wow so your only looking at 2 stocks the whole time? i thought you'd have at least 10-15 charts up and was gonna ask you how you keep your focus

I have 5 charts up at a time. 1 is dedicated to the futures, I use 1 or 2 for stocks that I am keyed in on for that day and the other 2 for flipping through stocks on my watch list.

To maximize screen pace I minimize my P/L, order entry bar & open orders, account info..etc.

 

[geez]

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



http://puddles.humanfund.ca/wp/2010/05/21/2010-05-21-trades/ [/B][/QUOTE]

It actually looks like ARUN puts in a higher low right after stopping you out, did you ever think about re entering this trade?

 

[puddles]

Quote from geez:

It actually looks like ARUN puts in a higher low right after stopping you out, did you ever think about re entering this trade? [/B]

11-2 rule..

 

[geez]

Quote from puddles:

11-2 rule..

That's not the same thing as "going from midnight to 6 o'clock" is it?

 

[DT3]

geez, do you wait for the candle to close when taking trades or any move past the high/low?

 

[DT3]

I'll try to contribute let me know if I got this wrong

Short WFC at 29.17
Stop 29.52
Tgt 28.67

wfc showing weak relative strength, going short at the break of prior pivot low

 

[puddles]

10:04

SHORT GILD 35.99
STOP 36.09
TGT 35.79