Jeff R.'s Trading

Quote from rogersjeff7:

got stopped out at $14.50. that'll teach me to short these high fliers in the morning!
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That had very thin volume too - under 100K shares so far. I would say you were lucky to get stopped at such a good price, and only lose a little.
 
Quote from jhithers:

That had very thin volume too - under 100K shares so far. I would say you were lucky to get stopped at such a good price, and only lose a little.
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yes sir! just shorted 2,000 CPSL at $5.44, much more liquid, just broke multi-day support
 
What do you think of entering the trade shortly after you see red. For example on your CPSL, previous close was 5.94, so get in around the 5.90 area. Helluva lot better than getting in at 5.44 which is damn near the low of the day. Now you gotta hold overnight and who knows what'll happen overnight.

I call it the dummy entry. I don't need to look at anything complicated, just see red and it's a go. Reverse it for longs. Been working pretty well for this dummy.
 
Quote from KenL:

What do you think of entering the trade shortly after you see red. For example on your CPSL, previous close was 5.94, so get in around the 5.90 area. Helluva lot better than getting in at 5.44 which is damn near the low of the day. Now you gotta hold overnight and who knows what'll happen overnight.

I call it the dummy entry. I don't need to look at anything complicated, just see red and it's a go. Reverse it for longs. Been working pretty well for this dummy.
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i wanted it to break below the low of the last 2 fridays, giving it a better chance at filling the gap to the $5 area
 
Quote from rogersjeff7:

i wanted it to break below the low of the last 2 fridays, giving it a better chance at filling the gap to the $5 area
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covered at $5.50 for very small loss because i have a big meeting this morning, what else is new, and i'm seeing stronger energy prices. account now at $30,272.

this was definitely a disappointing week
 
Quote from cabletrader:

LOLOLOL

No wonder you're a Sykes follower!
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something wrong with wanting to turn thousands into millions? you'd rather millions into thousands like most elitetraders?
 
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