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

Quote from Coudy:

Puddles: Few times you have tried to add to winning position (average up).
Do you (Puddles+geez) have any statistics, if adding to winning position is better than the exit at fixed 2R level? Thank you.
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The only time I add to winning position is if it sets up again and this just becomes another trade. I was long BP today and almost "added" or took a second trade in it. I'm sure puddles will post the chart and it will be easy to see the second trade entry.
 
<img src="http://puddles.humanfund.ca/20101206/spy.png">

<img src="http://puddles.humanfund.ca/20101206/rimm.png">

<img src="http://puddles.humanfund.ca/20101206/amgn.png">

<img src="http://puddles.humanfund.ca/20101206/wlp.png">

<img src="http://puddles.humanfund.ca/20101206/bp.png">

<img src="http://puddles.humanfund.ca/20101206/mon.png">

<img src="http://puddles.humanfund.ca/20101206/amzn.png">

9:36

(2min play)
LONG RIMM 63.16
STOP 62.99
TGT 63.47

- Real strong from the open
- SPY gaps down but heads higher
- out -0.20

9:41

(2min play)
SHORT AMGN 63.39
STOP 63.47
TGT 63.23

- Gap and crap
- out -0.08

10:16

SHORT WLP 56.39
STOP 56.51
TGT 56.18

- WLP weak from the open
- Tight lower high at the lows while SPY tries to retrace
- Should have been a b/e stop
- out -0.16

12:32

LONG BP 42.51
STOP 42.47
TGT 42.59

- BP jamming up against .50 resistance
- Long over it
- Identified all the potential add spots as per geezy's request
- out +0.08 and +0.13 on a trailer

13:56

SHORT MON 62.41
STOP 62.51
TGT 62.21

- MON weak since 11am
- tight lower high while SPY heading higher
- out -0.13

15:11

LONG AMZN 177.59
StOP 177.40
TGT 177.97

- Great strength in the afternoon
- out +0.36

http://puddles.humanfund.ca/wp/2010/12/07/2010-12-06-trades/
 
<img src="http://puddles.humanfund.ca/20101207/spy.png">

<img src="http://puddles.humanfund.ca/20101207/rimm.png">

<img src="http://puddles.humanfund.ca/20101207/low.png">

<img src="http://puddles.humanfund.ca/20101207/aig.png">

<img src="http://puddles.humanfund.ca/20101207/dtv.png">

<img src="http://puddles.humanfund.ca/20101207/cat.png">

9:32

(2min play)
SHORT RIMM 62.69
STOP 62.85
TGT 62.37

- whole market gaps up, RIMM tanks from the open
- Market does not appear to rip higher, look for a short
- out +0.31

9:42

(2min play)
LONG LOW 25.06
STOP 24.99

- LOW on daily long watch
- LOW gaps up and heads higher while SPY stays in a range
- out -0.09

9:54

(2min play)
LONG AIG 44.42
STOP 44.29

- AIG ranging at the highs while SPY drifts lower
- out -0.15

10:07

SHORT DTV 39.94
STOP 40.02
TGT 39.78

- Huge weakness from the open
- Short the tight lower high under the round #
- out +0.15

10:23

LONG CAT 91.59
STOP 91.34

- CAT gap and go while whole market gap and crap
- out -0.26

http://puddles.humanfund.ca/wp/2010/12/07/2010-12-07-trades/
 
<img src="http://puddles.humanfund.ca/20101207/spy.png">

<img src="http://puddles.humanfund.ca/20101207/lvs.png">

<img src="http://puddles.humanfund.ca/20101207/bdx.png">

<img src="http://puddles.humanfund.ca/20101207/yhoo.png">

<img src="http://puddles.humanfund.ca/20101207/osk.png">

<img src="http://puddles.humanfund.ca/20101207/cam.png">

<img src="http://puddles.humanfund.ca/20101207/rax.png">


13:51

SHORT LVS 48.09
STOP 48.23

- LVS setting up a tight lower high at the bottom of the range while SPY strong
- (SPY was probably a little too strong to take this entry)
- out -0.14

14:17

LONG BDX 81.72
StOP 81.62
TGT 81.92

- BDX on daily long watch and been strong all day
- SPY heading back to the highs
- out -0.1

14:19

LONG YHOO 17.02
STOP 16.97
TGT 17.12

- See above
- out -0.05

14:30

LONG OSK 34.62
STOP 34.52
TGT 24.82

- OSK with a ton of strength.
- The RTM guys had this on watch so we were trying to catch it for one more leg up before they pounced
- Bought the top
- out -0.13

(SPY fell off a cliff which of course occurs when I'm in the 3 longs mentioned above)

15:10

SHORT CAM 49.29
StOP 49.45
TGT 49.00

- Market strong until the 3pm selloff
- CAM weak all day, look for continuation in a tight lower high
- out +0.29

15:31

SHORT RAX 30.39
STOP 30.51
TGT 30.15

- Same as above.. moved stop when it got close..
- ticked out then straight to tgt
- out b/e

http://puddles.humanfund.ca/wp/2010/12/07/2010-12-07-trades/
 
9:40

LONG GS 163.25
STOP 162.99
TGT 163.77

out +0.44

9:47

SHORT UAL 25.18
STOP 25.27
TGT 25.00

out +0.17

10:05

LONG LNC 26.57
STOP 26.47
TGT 26.77

100 shares go lifted at tgt for +0.19, rest went back to b/e (fuuu lnc). counting as a b/e trade
 
<img src="http://puddles.humanfund.ca/20101208/spy.png">

<img src="http://puddles.humanfund.ca/20101208/gs.png">

<img src="http://puddles.humanfund.ca/20101208/ual.png">

<img src="http://puddles.humanfund.ca/20101208/lnc.png">

9:40


LONG GS 163.25
STOP 162.99
TGT 163.77

- GS gap and go
- Long over the lower high, stop under the round #
- out +0.44

9:47

SHORT UAL 25.18
STOP 25.27
TGT 25.00

- UAL tanko from the open
- Short under lower high as SPY turns
- out +0.17

10:05

LONG LNC 26.57
STOP 26.47
TGT 26.77

- Tight higher low at the highs while SPY sells off
- 100 shares go lifted at tgt for +0.19, rest went back to b/e

http://puddles.humanfund.ca/wp/2010/12/08/2010-12-08-trades/
 
<img src="http://puddles.humanfund.ca/20101209/spy.png">

<img src="http://puddles.humanfund.ca/20101209/sndk.png">

<img src="http://puddles.humanfund.ca/20101209/x.png">

<img src="http://puddles.humanfund.ca/20101209/mee.png">

<img src="http://puddles.humanfund.ca/20101209/v.png">

<img src="http://puddles.humanfund.ca/20101209/akam.png">

<img src="http://puddles.humanfund.ca/20101209/arg.png">

<img src="http://puddles.humanfund.ca/20101209/ibn.png">


9:47

SHORT SNDK 46.79
StOP 46.96
TGT ..

- Gap and crap, look for continuation
- out -0.17

9:48

LONG X 53.03
STOP 52.97
TGT 53.15

- Gapped up with SPY but headed higher (vs. SPY heading lower)
- super tight higher low over round #
- Probably should have given this more wiggle on the stop, 6c kinda tight for X
- out +0.11

10:01

LONG MEE 51.18
STOP 51.06

- By 10am SPY had gapped up, sold off a bunch and almost retraced back to it's open
- MEE strong from it's gap up, long over the higher low expecting the market to continue upward
out -0.15

10:15

LONG V 78.02
STOP 77.89
TGT 78.28

ADD V 78.25
STOP 77.15
TGT 77.45

- SPY sells off from 10am forward (was there even a #?)
- V holds its range at the highs
- Long over the higher low

- V sets up another higher low in a continually weakening market
- Add half size and move all stops to .15

- I should have taken some of my trade off at the original tgt. counting as 1-1

out +0.13
out -0.11


10:56

SHORT AKAM 51.59
STOP 51.73
TGT 51.31

- AKAM gaps down vs. SPYs gap up
- Weak all day, look for continuation as SPY is heading towards a gap close
- out -0.24

14:30

LONG ARG 62.51
STOP 62.34
TGT 62.85

- Apparently someone wants to buy these guys for $70 and that isn't good enough
- Chat room folks were buying, sets up a nice triangle thingy at 62.50, Long over it
- out +0.34

15:13

SHORT IBN 46.43
STOP 46.58
TGT 48.13

- Gap down, weak all day
- Look for cont under the lower high (as SPY is heading higher)
- out +0.29

Was a fun day watching AIG (even though I should have been in it more that I was).. GO AIG

http://puddles.humanfund.ca/wp/2010/12/10/2010-12-09-trades/
 
<img src="http://puddles.humanfund.ca/20101210/spy.png">

<img src="http://puddles.humanfund.ca/20101210/lvs.png">

<img src="http://puddles.humanfund.ca/20101210/stt.png">

<img src="http://puddles.humanfund.ca/20101210/akam.png">

<img src="http://puddles.humanfund.ca/20101210/unp.png">

<img src="http://puddles.humanfund.ca/20101210/aig.png">

10:10

SHORT LVS 45.87
STOP 46.01

- Tanko from the open
- Look for continuation under the lower high
- out -0.16

10:32

SHORT STT 44.99
StOP 45.20
TGT 44.54

- Gapped up with SPY
- Market sells off, STT sells off harder
- Late on the short, huge stop, huge tgt
- Couldn't get through support at .68
- out -0.05 (b/e)

11:16

SHORT AKAM 51.69
STOP 51.81
TGT 51.45

- AKAM basing at the lows on support
- Short the break (geezy front ran me here from .72)
- out +0.22

11:17

SHORT UNP 91.85
STOP 91.95
TGT 91.65

- Weaker than spy since the open
- Nice post 11am sellof
- Look for cont.
- out +0.19

13:25

LONG AIG 49.13
STOP 48.99
TGT ..

- Been the stock of the last few days
- tight higher low setup
- out -0.16

11-17 week, 16-28 month.. prob only a week of trading left this month too..

http://puddles.humanfund.ca/wp/2010/12/10/2010-12-10-trades/
 
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