A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
Cautionary tale against moving stops/targets.
Shorted 600 AMZN @ 118.48 off the pullback from a failed break through previous resistance (2:47pm) with a 118.70 stop and 117.70 target. Moved .30 my way and I moved my stop to b/e. Stopped out b/e and the late day choppy price action after that kept me from re-entering. Damn thing hit 117.65 just before the closing bell. $460 left behind because of moving the stop.
Shorted 600 AMZN @ 118.48 off the pullback from a failed break through previous resistance (2:47pm) with a 118.70 stop and 117.70 target. Moved .30 my way and I moved my stop to b/e. Stopped out b/e and the late day choppy price action after that kept me from re-entering. Damn thing hit 117.65 just before the closing bell. $460 left behind because of moving the stop.
<img src="http://puddles.humanfund.ca/20100628/spy.png">
<img src="http://puddles.humanfund.ca/20100628/pcx.png">
<img src="http://puddles.humanfund.ca/20100628/wmt.png">
<img src="http://puddles.humanfund.ca/20100628/nem.png">
<img src="http://puddles.humanfund.ca/20100628/pot.png">
9:38
SHORT PCX 13.48
STOP 13.6
TGT 13.24
(2min chart)
- PCX looks like a short on the daily
- SPY opens with a red bar and tries to retrace
- PCX stays weak
- Short under the LOD
- out -0.12, whipped out and eventually goes to target
9:41
LONG WMT 49.31
STOP 49.49.18
TGT 49.57
(2min chart)
- WMT is very extended down on the daily, look to go long aggressively
- SPY weak from the open crossing into negative territory
- WMT stays strong
- Long over higher low
- out -0.18
10:17
LONG NEM 62.41
STOP 62.27
TGT 62.69
- NEM strong from the open vs. SPY
- Long over a tight higher low
- Move stop to 2nd legs stop after an add
- out -0.02
10:31
LONG NEM 62.58
STOP 62.39
TGT 62.96
- NEM sets up another higher low after my entry
- Long over higher low, move all stops
- out -0.19
15:22
SHORT POT 91.99
STOP 92.14
TGT 91.69
- SPY kinda rangebound and choppy in the late afternoon
- POT making new lows
- POT sets up a tight lower high at a round number
- Short under the round number
- out +0.3
http://puddles.humanfund.ca/wp/2010/06/28/2010-06-28-trades/
<img src="http://puddles.humanfund.ca/20100628/pcx.png">
<img src="http://puddles.humanfund.ca/20100628/wmt.png">
<img src="http://puddles.humanfund.ca/20100628/nem.png">
<img src="http://puddles.humanfund.ca/20100628/pot.png">
9:38
SHORT PCX 13.48
STOP 13.6
TGT 13.24
(2min chart)
- PCX looks like a short on the daily
- SPY opens with a red bar and tries to retrace
- PCX stays weak
- Short under the LOD
- out -0.12, whipped out and eventually goes to target
9:41
LONG WMT 49.31
STOP 49.49.18
TGT 49.57
(2min chart)
- WMT is very extended down on the daily, look to go long aggressively
- SPY weak from the open crossing into negative territory
- WMT stays strong
- Long over higher low
- out -0.18
10:17
LONG NEM 62.41
STOP 62.27
TGT 62.69
- NEM strong from the open vs. SPY
- Long over a tight higher low
- Move stop to 2nd legs stop after an add
- out -0.02
10:31
LONG NEM 62.58
STOP 62.39
TGT 62.96
- NEM sets up another higher low after my entry
- Long over higher low, move all stops
- out -0.19
15:22
SHORT POT 91.99
STOP 92.14
TGT 91.69
- SPY kinda rangebound and choppy in the late afternoon
- POT making new lows
- POT sets up a tight lower high at a round number
- Short under the round number
- out +0.3
http://puddles.humanfund.ca/wp/2010/06/28/2010-06-28-trades/