A 70k bet that I can't make a 50% gain in 2009
- Thread starter geez
- Start date
<img src="http://puddles.humanfund.ca/20100818/spy.png">
<img src="http://puddles.humanfund.ca/20100818/rimm.png">
<img src="http://puddles.humanfund.ca/20100818/bp.png">
<img src="http://puddles.humanfund.ca/20100818/pcg.png">
<img src="http://puddles.humanfund.ca/20100818/sndk.png">
10:32
LONG RIMM 51.5
STOP 51.34
TGT 51.82
- RIMM gap up vs. SPY gap down
- RIMM holding during SPY selloff from about 10:15 onwards
- out b/e.. was 1c from tgt. ugh. now that i look at the chart my entry was .49 with slip to .50 which should have had a .80 tgt.. ugghhh
11:10
SHORT BP 37.19
STOP 37.3
TGT 37.00
- SPY retracing to it's HOD
- BP stays weak
- I should have avoided this short after the big green bar it put in
- out -0.13
11:44
SHORT PCG 45.2
STOP 45.29
TGT 45.02
- PCG making lows while SPY is making highs
- out +0.18 on most of it, let 100 shares run. +0.33 the last 100.
12:27
LONG SNDK 44.35
STOP 44.29
TGT 44.47
- SNDK strong most of the day, take the tight higher low
- out -0.06
13:15
SHORT RIMM 51.48
STOP 51.60
TGT 51.24
- RIMM holds it's tight range while SPY rips
- Tilt trade
- out -0.12
I had to leave the office for a flight at 2pm which caused me to take trades between 11-2 which I usually don't do. I was a little tilted from missing a perfect BHP short that I called to geezy (and he took for +0.20), then my RIMM trade comes 1c from tgt.
http://puddles.humanfund.ca/wp/2010/08/18/2010-08-18-trades/
<img src="http://puddles.humanfund.ca/20100818/rimm.png">
<img src="http://puddles.humanfund.ca/20100818/bp.png">
<img src="http://puddles.humanfund.ca/20100818/pcg.png">
<img src="http://puddles.humanfund.ca/20100818/sndk.png">
10:32
LONG RIMM 51.5
STOP 51.34
TGT 51.82
- RIMM gap up vs. SPY gap down
- RIMM holding during SPY selloff from about 10:15 onwards
- out b/e.. was 1c from tgt. ugh. now that i look at the chart my entry was .49 with slip to .50 which should have had a .80 tgt.. ugghhh
11:10
SHORT BP 37.19
STOP 37.3
TGT 37.00
- SPY retracing to it's HOD
- BP stays weak
- I should have avoided this short after the big green bar it put in
- out -0.13
11:44
SHORT PCG 45.2
STOP 45.29
TGT 45.02
- PCG making lows while SPY is making highs
- out +0.18 on most of it, let 100 shares run. +0.33 the last 100.
12:27
LONG SNDK 44.35
STOP 44.29
TGT 44.47
- SNDK strong most of the day, take the tight higher low
- out -0.06
13:15
SHORT RIMM 51.48
STOP 51.60
TGT 51.24
- RIMM holds it's tight range while SPY rips
- Tilt trade
- out -0.12
I had to leave the office for a flight at 2pm which caused me to take trades between 11-2 which I usually don't do. I was a little tilted from missing a perfect BHP short that I called to geezy (and he took for +0.20), then my RIMM trade comes 1c from tgt.
http://puddles.humanfund.ca/wp/2010/08/18/2010-08-18-trades/
<img src="http://puddles.humanfund.ca/20100819/spy.png">
<img src="http://puddles.humanfund.ca/20100819/petm.png">
<img src="http://puddles.humanfund.ca/20100819/glw.png">
<img src="http://puddles.humanfund.ca/20100819/gs.png">
9:39
LONG PETM 33.01
STOP 32.8
TGT 42.43
(2 min play)
- SPY gaps down, PETM gaps up
- Long the break of the round #
- out +0.39 (slip in)
9:40
SHORT GLW 16.49
STOP 16.56
TGT 16.35
(2 min play)
- gaps down with SPY but stays low when SPY tries to retrace
- Short the new LOD
- out +0.11 exited early for news and saw geezy was covering 50,000 shares.
11:20
SHORT GS 147.35
STOP 147.55
TGT 147.00
- Short the pretty lower high
http://puddles.humanfund.ca/wp/2010/08/19/2010-08-19-trades/
<img src="http://puddles.humanfund.ca/20100819/petm.png">
<img src="http://puddles.humanfund.ca/20100819/glw.png">
<img src="http://puddles.humanfund.ca/20100819/gs.png">
9:39
LONG PETM 33.01
STOP 32.8
TGT 42.43
(2 min play)
- SPY gaps down, PETM gaps up
- Long the break of the round #
- out +0.39 (slip in)
9:40
SHORT GLW 16.49
STOP 16.56
TGT 16.35
(2 min play)
- gaps down with SPY but stays low when SPY tries to retrace
- Short the new LOD
- out +0.11 exited early for news and saw geezy was covering 50,000 shares.
11:20
SHORT GS 147.35
STOP 147.55
TGT 147.00
- Short the pretty lower high
http://puddles.humanfund.ca/wp/2010/08/19/2010-08-19-trades/
What a day, executing trades like an idiot. calling them correctly though.
9:37
(2 min play)
SHORT RIMM 49.19
STOP 49.32
TGT 48.93
out +0.26
9:39
(2 min play)
LONG INTU 42.05
STOP 42.75
TGT 42.65
out +0.38, accidentally exited it.. THEN i took a -0.20 on a fat finger on it that i didn't even notice till much too late. so dumb. still counting it as a winner
9:48
SHORT RIMM 48.89
STOP 49.01
TGT 48.67
out -0.13
10:16
LONG RMBS 19.24
STOP 19.17
TGT 19.38
out +0.13
10:22
SHORT RIMM 48.79
STOP 48.97
TGT 48.47 (set this wrong)
out +0.32
10:23
SHORT SNDK 41.35
StOP 41.5
TGT 41.05
out -0.15
10:43
SHORT HPQ 39.83
STOP 39.93
STOP 39.63
out a few cuz accidentally flattened while having a mini aneurysm on a conf call. went to TGT though so i'll count it was a winner.
10:44
SHORT ESI 51.99
STOP 51.19
TGT 51.59
out +0.35
9:37
(2 min play)
SHORT RIMM 49.19
STOP 49.32
TGT 48.93
out +0.26
9:39
(2 min play)
LONG INTU 42.05
STOP 42.75
TGT 42.65
out +0.38, accidentally exited it.. THEN i took a -0.20 on a fat finger on it that i didn't even notice till much too late. so dumb. still counting it as a winner
9:48
SHORT RIMM 48.89
STOP 49.01
TGT 48.67
out -0.13
10:16
LONG RMBS 19.24
STOP 19.17
TGT 19.38
out +0.13
10:22
SHORT RIMM 48.79
STOP 48.97
TGT 48.47 (set this wrong)
out +0.32
10:23
SHORT SNDK 41.35
StOP 41.5
TGT 41.05
out -0.15
10:43
SHORT HPQ 39.83
STOP 39.93
STOP 39.63
out a few cuz accidentally flattened while having a mini aneurysm on a conf call. went to TGT though so i'll count it was a winner.
10:44
SHORT ESI 51.99
STOP 51.19
TGT 51.59
out +0.35
<img src="http://puddles.humanfund.ca/20100820/spy.png">
<img src="http://puddles.humanfund.ca/20100820/rimm1.png">
<img src="http://puddles.humanfund.ca/20100820/intu2.png">
<img src="http://puddles.humanfund.ca/20100820/rmbs.png">
<img src="http://puddles.humanfund.ca/20100820/rimm5.png">
<img src="http://puddles.humanfund.ca/20100820/sndk.png">
<img src="http://puddles.humanfund.ca/20100820/hpq.png">
<img src="http://puddles.humanfund.ca/20100820/esi.png">
9:37
(1 minute chart)
SHORT RIMM 49.19
STOP 49.32
TGT 48.93
- RIMM on the short list based on daily
- out +0.26
9:39
(2 minute chart)
LONG INTU 42.05
STOP 42.75
TGT 42.65
- INTU gaps up and keeps running vs. gapped down and weak SPY
- Long over the break of the round #
- out +0.38 and -0.20 on a fat finger
9:48
(2 minute chart)
SHORT RIMM 48.89
STOP 49.01
TGT 48.67
- Keep on shorting
- out -0.13
10:16
LONG RMBS 19.24
STOP 19.17
TGT 19.38
- RMBS real strong from the open
- out +0.13
10:22
SHORT RIMM 48.79
STOP 48.97
TGT 48.47 (set this wrong)
- SPY tries to retrace but RIMM doesn't participate
- out +0.32
10:23
SHORT SNDK 41.35
StOP 41.5
TGT 41.05
- Tailed geezy on this one, SNDK doesn't retrace as hard as SPY, looking for another leg down
- out -0.16
10:43
SHORT HPQ 39.83
StOP 39.93
STOP 39.63
- HPQ weaker than SPY, no bounces
- out +0.02 cuz i'm an idiot. went to TGT so counting this as a win
10:44
SHORT ESI 51.99
STOP 51.19
TGT 51.59
- ESI was on the daily short list
- Tanked like crazy from the open, take the nice tight entry
- out +0.35
14-10 on the week. 9-2 over the last two days (sick).. Nice bounce back from last week (7-16). 35-34 on the month so far.
http://puddles.humanfund.ca/wp/2010/08/20/2010-08-20-trades/
<img src="http://puddles.humanfund.ca/20100820/rimm1.png">
<img src="http://puddles.humanfund.ca/20100820/intu2.png">
<img src="http://puddles.humanfund.ca/20100820/rmbs.png">
<img src="http://puddles.humanfund.ca/20100820/rimm5.png">
<img src="http://puddles.humanfund.ca/20100820/sndk.png">
<img src="http://puddles.humanfund.ca/20100820/hpq.png">
<img src="http://puddles.humanfund.ca/20100820/esi.png">
9:37
(1 minute chart)
SHORT RIMM 49.19
STOP 49.32
TGT 48.93
- RIMM on the short list based on daily
- out +0.26
9:39
(2 minute chart)
LONG INTU 42.05
STOP 42.75
TGT 42.65
- INTU gaps up and keeps running vs. gapped down and weak SPY
- Long over the break of the round #
- out +0.38 and -0.20 on a fat finger
9:48
(2 minute chart)
SHORT RIMM 48.89
STOP 49.01
TGT 48.67
- Keep on shorting
- out -0.13
10:16
LONG RMBS 19.24
STOP 19.17
TGT 19.38
- RMBS real strong from the open
- out +0.13
10:22
SHORT RIMM 48.79
STOP 48.97
TGT 48.47 (set this wrong)
- SPY tries to retrace but RIMM doesn't participate
- out +0.32
10:23
SHORT SNDK 41.35
StOP 41.5
TGT 41.05
- Tailed geezy on this one, SNDK doesn't retrace as hard as SPY, looking for another leg down
- out -0.16
10:43
SHORT HPQ 39.83
StOP 39.93
STOP 39.63
- HPQ weaker than SPY, no bounces
- out +0.02 cuz i'm an idiot. went to TGT so counting this as a win
10:44
SHORT ESI 51.99
STOP 51.19
TGT 51.59
- ESI was on the daily short list
- Tanked like crazy from the open, take the nice tight entry
- out +0.35
14-10 on the week. 9-2 over the last two days (sick).. Nice bounce back from last week (7-16). 35-34 on the month so far.
http://puddles.humanfund.ca/wp/2010/08/20/2010-08-20-trades/
Congrats puddles,
glad you were able to maintain discipline and stick to the method and let the reversion to mean work to your advantage this time around.
I haven't posted in a while, so how about a question . . . or two.
the last RIMM short trade worked well but doesn't look like some of your other entry setups. If a small retracement is made, we've seen where you like to enter on the break of a prior bar, a new lod/hod or the break of a round number. But this last RIMM trade didn't make a text book retracement (no green bars, no measured move higher, etc). You essentially entered after a couple of doji bars that each closed lower.
Did you give consideration to the pattern or were you simply looking for a pause in price action and wanting the downdraft to carry you on the next wave lower?
Each time a lower high or higher high forms, are there any particular price patterns you see that rule out an entry? For example, the GS trade you took yesterday was a break of a prior bar, but a break of a prior bar occurred two bars earlier. Any reason you didn't take that one.
Inquiring minds want to know
Anyway, continued good luck and thanks for continuing the effort to post your charts here.
Keep trading.
J.Scott