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

Quote from puddles:
Covering early pretty much gaurantees that your short will go straight to target. [/B]
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And what's worse is that you can't pretend to cover in an attempt to get price to go straight to your target. The market sees right through that. You have to actually exit the position before price will comply. A tag team is the only way around this, as you noted :cool:
 
Quote from NoDoji:

Murphy's Third Law of Trading:

If you are tempted to put on a trade before you're about to leave your office for any reason, and you decide it would be better to wait until you got back before trading, that will turn out to the best move of the day.

There's actually a new indicator based on this setup: NLHD - NoDoji's Leaving Her Desk
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Same principle applies here, but it appears that this indicator has been Puddles'ized !

JS
 
9:39

LONG GENZ 70.2
STOP 69.99
TGT 70.62

out -0.21

9:43

LONG APC 51.09
STOP 50.89
TGT 51.49

out +0.3

10:02

SHORT GENZ 69.96
STOP 70.11
TGT 69.66

out +0.20

took it early because my gf was nagging me to leave the house for brunch. damn canadian holidays. hit tgt a few seconds later
 
<img src="http://puddles.humanfund.ca/20100802/spy.png">

<img src="http://puddles.humanfund.ca/20100802/genz2.png">

<img src="http://puddles.humanfund.ca/20100802/apc.png">

<img src="http://puddles.humanfund.ca/20100802/genz5.png">

<img src="http://puddles.humanfund.ca/20100802/cost.png">

9:39

LONG GENZ 70.2
STOP 69.99
TGT 70.62

- GENZ was on daily long watch
- SPY gaps up, small move up then tries to retrace
- GENZ makes a new high after a nice higher low
- out -0.21

9:43

LONG APC 51.09
STOP 50.89
TGT 51.49

- APC gap and go with the futures and good BP news
- missed taking the break of 51, take the next bar
- out +0.37 (slip in)

10:02

SHORT GENZ 69.96
STOP 70.11
TGT 69.66

- News at 10am shoots SPY higher
- GENZ shows absolutely no participation
- short under the next bar
- out +0.20 early because I had to head out to brunch. could have been the full .30

15:28

SHORT COST 56.94
STOP 57.00
TGT 56.8

- SPY drifting higher from 3pm onward
- COST making new lows through most of the afternoon
- Tight lower high sets up under resistance at 57
- out +0.13 (took it early)

http://puddles.humanfund.ca/wp/2010/08/02/2010-08-02-trades/
 
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