MACD/Trendline Swing Trader

No trades today.... very strange.. feels like detox.. looking at charts today a lot of charts that looked good last 8 weeks teetering which I suppose is what will happen if this down run is to continue.. Financials can't do it alone. Energy and Utilities clearly breaking.. Only the AG stocks holding up.. POT, AGU, MOS... Even Semis threatening.. Of course all this could change tomorrow..

WNR has been on a tear but looking like a decent short.. Will target mid 12's to go short and add if today's low is broken.. Target will be $9 to $8. It is super volatile to not many shares.
 

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Day's trades...
sold FAZ 60 and change ????
covered RMBS for scratch ????
sold ERY 41 ????

boneheaded trades.. 800 was a line never breached..

Short CLF 23 and change
Short JWN just under 12

Holding CCI short
Holding GS puts (must be the strongest financial stock!)
 
Closed shorts today.. Had cover for SP500 at 750 but I guess there was a crowd there so got worse prices later.. Thinking 5 red candles in a row for SP a bit much, into a key price area.. Commodities really looking good.. AGU, POT, IPI, PCX.. etc. Long some AGU into weekend.. Will add over 41.5.

5 down weeks in a row!! Must be past my prior record. No worries..
 

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trades.. GS sure rockets at ANY hint of a bounce.. better to short less "protected" stocks.... Like STAY LONG FAZ!!! That one error was the diff for the week.. Hope someone did well with WNR.
 

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Quote from retire45:

Closed shorts today.. Had cover for SP500 at 750 but I guess there was a crowd there so got worse prices later.. Thinking 5 red candles in a row for SP a bit much, into a key price area.. Commodities really looking good.. AGU, POT, IPI, PCX.. etc. Long some AGU into weekend.. Will add over 41.5.

5 down weeks in a row!! Must be past my prior record. No worries..
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Man, I'm quite surprised that you didn't make money this week. I think it is time to improve your money management. I have poor but your is apparently worse.

You should start betting on the market rather than single stocks. I did >20% last 2 weeks, next weeks we will see recovery so maybe you should stick to the strategy.

All the best for the recovery!
 
I came into the week long ERX and HESS which had me negative a combined $2300 or so. The trades during the week were fine. My money management could be better. Multliple stocks does lead to "management" issues and you're not the first to mention this. I do have a Tradestation futures account I may fund someday. Then again one could simply trade SPY or QQQQ options.
 
Quote from retire45:

Actually THE majority of losses this years have been isolated to taking home 3x ETF's where a large opening gap is common.
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I've been watching those demons for weeks and have yet to find the courage to touch them :eek:
 
Quote from NoDoji:

I've been watching those demons for weeks and have yet to find the courage to touch them :eek:
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Can't handle the flame little moth?? feel the burn (of your account)!
 
Quote from NoDoji:

I've been watching those demons for weeks and have yet to find the courage to touch them :eek:
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FAZ/FAS are the only stocks I trade now. As long as you trade the trend and never hold overnight, there's an easy way of making steady income.
 
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