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

Quote from fh2000:

Puddles,

What is your criteria to set b/e? When 1/2 of the potential profit reached? Thanks
More...

more than 1/2.. wynn was 80% of the way there ugghhhh
 
<img src="http://puddles.humanfund.ca/20100617/spy.png">

<img src="http://puddles.humanfund.ca/20100617/rmbs.png">

<img src="http://puddles.humanfund.ca/20100617/jpm.png">

<img src="http://puddles.humanfund.ca/20100617/wynn.png">

<img src="http://puddles.humanfund.ca/20100617/brkb.png">

9:35

SHORT RMBS 18.94
STOP 19.01
TGT 18.8

- RMBS looked like a short based on the daily..
- After the open it appeared weak
- Short at the new LOD
- out +0.14

9:56

LONG JPM 38.82
STOP 38.74
TGT 38.98

(2 minute chart)
- JPM relatively strong to SPY from the open
- Long over the nice tight lower high
- out -0.08
- this went halfway to target before 10am and once the news broke i was basically instantly stopped out
- I should not have taken this trade knowing there was news coming out at 10am.

10:18

SHORT WYNN 84.6
STOP 84.92
TGT 83.96

- After being very tilted by my JPM trade I try to get short something to ride the news.
- There was no real setup and I paid the price for it with the slippage
- out -0.44 (vicious slippage)

13:48

LONG WYNN 38.1
STOP 37.85
TGT 38.6

- WYNN shows some nice intraday strength returning to it's new highs.
- After a slight drift lower we long over the higher low
- Get within 10c of target, move stop to b/e
- out b/e. ugh

14:23

LONG BRK/B 79.01
STOP 78.93
TGT 79.17

- After 2pm BRK/B was quite strong while SPY was drifting lower
- Long over BRK/B when it gets through a round number
- out -0.08

http://puddles.humanfund.ca/wp/2010/06/17/2010-06-17-trades/
 
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