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

<img src="http://puddles.humanfund.ca/20100601/spy.png">

<img src="http://puddles.humanfund.ca/20100601/pde.png">

<img src="http://puddles.humanfund.ca/20100601/nbl.png">

<img src="http://puddles.humanfund.ca/20100601/hgsi.png">

<img src="http://puddles.humanfund.ca/20100601/sii.png">


9:46

SHORT PDE 23.28
STOP 23.52
TGT 22.8

- SPY Gaps down and heads up, PDE stays weak.. Take lower high
- The trade kinda drifts in my direction then positive news at 10am sends the market higher
- out -0.24

9:52

SHORT NBL 58.41
STOP 58.61
TGT 58.01

- Same story as PDE
- Stupid 10am news
- out -0.20

10:16

LONG HGSI 25.38
STOP 25.26
TGT 25.62

- With the 10am news SPY is on a full on tear
- HGSI was strong from the open, look for an entry
- Long over the next higher low
- +0.24 in a hurry

10:41

SHORT SII 35.64
STOP 35.85
TGT 35.22

- As SPY ripped from 10am on SII did not participate
- Take the next lower high
- As more lower highs set up on the way to my target I move the stop down accordingly
- out +0.42

11:14

SHORT SII 35.36
STOP 35.48
TGT 35.12

- The lower high at 11:14 was nice and tight.
- A stop on this lower high puts my first trade deep in the money
- Add to trade (1/2 size of original trade)
- If this trade stops out I'll be +0.28 on the first trade and -0.12 on this trade..
- out +0.24 in a hurry

With the size of the last trade i'm really 2.5-2 but I'm counting entries so I'm saying today was 3-2

http://puddles.humanfund.ca/wp/2010/06/01/2010-06-01-trades/
 
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