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

<img src="http://puddles.humanfund.ca/20100602/spy.png">

<img src="http://puddles.humanfund.ca/20100602/amzn.png">

<img src="http://puddles.humanfund.ca/20100602/genz.png">

9:50

SHORT AMZN 121.99
STOP 122.25
TGT 121.47

- SPY and AMZN gap up
- SPY drifts downward, AMZN puts in a big red bar showing relative weakness
- short the lower high and below a nice round #
- out -0.30 with slippage both ways..

14:48

LONG GENZ 41.21
STOP 41.11
TGT 41.41

- GENZ quite strong in the afternoon
- GENZ looks like a daily long
- Long over higher low
- out +0.20 in a painfully slow manner as chops for the first 20 minutes.

1-1 today.. Sized the GENZ trade too small because i'm stupid and I end the day in the red.

go flyers

http://puddles.humanfund.ca/wp/2010/06/02/2010-06-02-trades/
 
Quote from ytr30:

puddles, how do you decide where to place target? Also, what software do you use for scanning?
More...

Target is entry + 2x stop size.

I use custom software to scan for setups..
 
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