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

<img src="http://puddles.humanfund.ca/20100805/spy.png">

<img src="http://puddles.humanfund.ca/20100805/cf.png">

<img src="http://puddles.humanfund.ca/20100805/mon2.png">

<img src="http://puddles.humanfund.ca/20100805/rig.png">

<img src="http://puddles.humanfund.ca/20100805/mon5.png">


9:35

LONG CF 84.61
STOP 84.49
TGT somewhere up there

- SPY gaps down, CF gaps up and the whole sector looks strong
- Super tight higher low sets up. I realize the spread is 25c and a 12c stop is not going to cut it
- I fat finger the entry and CF immediately moves 30c against me
- In a panic I just bail the position and slip another 20c
- out -0.52 almost instantly..

9:46

LONG MON 60.93
STOP 60.71
TGT 61.37

- Same sector strength, MON a cleaner stock with a tigher spread
- Long the higher low
- out -0.22 in 66 seconds

GREAT START TO THE DAY!

After these two trades I'm on super tilt and one trade away from stopping out on the day. I size down on all my trades going forward. You know what that means right? 3-0 run.

9:56

LONG MON 61.2
STOP 60.99
TGT 61.6

- This sector clearly wants to run, hit it over the bar above 61.00
- out +0.4

13:23

LONG RIG 57.69
STOP 57.51
TGT 57.99

- SPY dipped and went higher
- RIG didn't dip, long the tight higher low
- out +0.22 (messed up moving the stop and exited early)

15:25

SHORT MON 61.39
STOP 61.45
TGT 61.27

- As SPY makes new highs in the late afternoon MON continues it's drift downwards
- Short the tight lower high
- out +0.11

http://puddles.humanfund.ca/wp/2010/08/05/2010-08-05-trades/
 
Because of the size down I finish a 3-2 day basically flat.. awful..

Sorry for the late post, was too busy setting up my new 4 LCD mount (2x2 configuration). :) :) :)
 
Puddles, is that a 2-min chart you used to trade the open on CF? You are insane.

Also, good to see you learned an important trading concept today: When your early trades are losers, you have to double down on the next trade. I discovered this two days ago when I was down around $260 on two back-to-back losers (because the market hated me that day, my platform was acting weird, my broker was front-running me, plus my chair wasn't good enough, I didn't have enough monitors, you know all that important stuff Bob tried to drill into me for months and here it was come back to bite me). So I then had a $200 winner, but I had neglected to double down, or better yet four-plex it and as a result I ended the day pretty much in the same shape as the earth: flat.

Congrats on your four-plex.

:p
 
Quote from NoDoji:

Puddles, is that a 2-min chart you used to trade the open on CF? You are insane.

Congrats on your four-plex.

:p
More...

Honestly.. Everything I play back in my head about the CF trade is one giant lesson learned.. There's so many reasons why that was just a stupid stupid trade to take. Given the outcome I probably shouldn't be making that mistake again anytime soon.

I traded off one screen for the longest time. When I got the 2nd I didn't know what to do with the space.. I got used to it, then it got cramped.. After doing a sample layout with 3 and 4 in place I think I might be out of space again. :)

You gonna stop by today?
 
<img src="http://puddles.humanfund.ca/20100806/spy.png">

<img src="http://puddles.humanfund.ca/20100806/gld.png">

<img src="http://puddles.humanfund.ca/20100806/twc.png">

<img src="http://puddles.humanfund.ca/20100806/mon.png">

<img src="http://puddles.humanfund.ca/20100806/frx.png">

<img src="http://puddles.humanfund.ca/20100806/aapl.png">

10:00

LONG GLD 118.26
STOP 118.11
TGT 118.56

- GLD gap up, SPY gap down
- Missed the long at .10 (to tgt in 10 seconds)
- One more time
- out -0.21 - stop didn't trigger at .11, lost alot more than i anticipated.. ugh

10:06

SHORT TWC 56.38
STOP 56.57
TGT 56.00

- Gaps down with SPY but heads lower while SPY heads higher
- Short the last bar as SPY turns
- Cheated on the TGT due to a round #.. (It blew right by it)
- out +0.38

10:10

SHORT MON 60.81
STOP 61.04
TGT 60.35

- MON weak from the open while SPY tried to go higher
- Short the lower high..
- out -0.25


10:49

LONG FRX 27.21
STOP 27.09
TGT 27.45

- lil birdie points out FRX to me during the big SPY sell off
- I take it long, turns out they were looking short
- I loved the strength of FRX holding a 10c range with great support at .10 all while SPY peeled off over 1%
- out +0.19 on this leg

11:10

(small add)
LONG FRX 27.27
STOP 27.18
TGT 27.45

- Sets up again, take it small, move all stops
- out +0.18

I tried to get fancy on FRX and trail the stop up as I thought this stock had tremendous upside. I just trailed a little too tight. doh. (I was right too)

14:15

SHORT AAPL 257.94
STOP 258.16
TGT 257.52

- From 2pm onwards SPY makes a slow drift up
- AAPL making new lows
- got 11c from tgt too.
- out -0.24

15:33

SHORT MON 60.14
STOP 60.23
TGT 59.96

- SPY ripping (for god knows what reason)
- MON basically ignoring it
- Almost got there
- out b/e

Lil afterhours news play..

17:03

LONG HPQ 41.85
STOP 40 something
TGT 45 something?

we'll see how this pans out after the weekend..

counting today as 2-3 as the 2nd FRX add was tiny.. 14-8 on the week/month..

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

You gonna stop by today?
More...

I've been neglectful because the chat window covers my charts. Skype has been great, no windows on screen.

I promise to drop in next week. We can trade POT together :cool:

Nice trading, man!
 
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