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

<img src="http://puddles.humanfund.ca/20100608/spy.png">

<img src="http://puddles.humanfund.ca/20100608/ne.png">

<img src="http://puddles.humanfund.ca/20100608/teva.png">

<img src="http://puddles.humanfund.ca/20100608/bp.png">

9:38

SHORT NE 27.2
STOP 27.38
TGT 26.84

(2 minute chart)
- SPY gaps up and puts in a strong first bar then heads down
- NE gaps down and does not retrace much as SPY puts in that bar..
- Look to short quickly on a lower high
- out +0.34

11:27

SHORT TEVA 51.1
STOP 51.25
TGT 50.8

- SPY shows strength from 10:40 to 11:00
- TEVA stays weak
- I wish i caught that 11:00am lower high
- SPY starts to rip at around 11:15-11:20
- TEVA stays weak
- Short under lower high
- out -0.15

15:11

SHORT BP 34.42
STOP 34.54
TGT 34.18

- Between 2-3pm SPY moves up
- BP chops around and ends the hour flat
- SPY moves up slowly from 3pm on
- BP stays weak
- Short under lower high
- I could have used .51 as a stop and I would have hit my target
- As we moved down fast I moved the stop to b/e quickly
- out b/e
- Dodged a bullet on this one as the BP dividend announcement came out shortly after my cover

http://puddles.humanfund.ca/wp/2010/06/08/2010-07-08-trades/
 
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