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

<img src="http://puddles.humanfund.ca/20100701/spy.png">

<img src="http://puddles.humanfund.ca/20100701/cop.png">

<img src="http://puddles.humanfund.ca/20100701/sun.png">

10:12

SHORT COP 48.5
STOP 48.7
TGT 48.1

- Bad # at 10am, sends the market down
- Look for stocks with no bounce off the lows
- COP fits that profile, short under last bar
- took it early +0.15 due to BBQ, would have been a full +0.4 winner
- I probably shouldn't have shorted this as COP was very extended down on the daily

10:31

SHORT SUN 33.33
STOP 33.42
TGT 33.15

- SUN was weak from the open, the 10am number just propelled it even lower
- Virtually no bounce when SPY tried to retrace
- short under the lower high
- out +0.18

5-6 on the week. 30-46 for the month of June (oof). Still profitable if I knew how to size my trades correctly. :)

http://puddles.humanfund.ca/wp/2010/07/02/2010-07-01-trades/
 
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