Monkman's PV Journal

5/4/09

FSYS bought 1221@16.39
sold 16.60


Was close to FRV, but did not make it before 11:00.

ODFL bought 687@29.07

This stock has gotten a really slow start. A lot of volume but not much movement today. Lets see what happens tomorrow.

HTLD bought avg 1300@15.15
sold 15.19

Same as FSYS


There were several other good breakouts that I missed such as GFA and ASF. On days where several bos are happening, I am suppose to pick the stocks with the highest Rank if I want to maximize profits. This is not so much of a concern right now. Just making the trades, while handling them correctly is the current focus.

With the new increase in size I have found some difficulty getting filled. Today I put limit orders in between the spread with full size. I would get some fills, but soon after the stock would run up in price. To avoid this I started to take the offer in smaller increments. This seemed to work much better.
 

Attachments

ODFL Daily
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ODFL 30min
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ODFL day 2

exit 29.10

failed to follow through with volume.

FOSL bought 100 @ 19.95

This was originally an FTT play. Then it went into FRV, and I took a position. Volume started to weaken, and it missed the .22 mark.

FOSL 1000 @ 20.20
Sold 1100@20

This was a Fed day. I could have avoided this FOSL trade had I read the economic calender beforehand. Luckily, this mistake cost half of what I was willing to risk. I played the trade nicely and held through some intraday chop to get out at a decent price.
 
Quote from ProfLogic:

Are you the same Monkman that had a website some years ago?
More...

I believe your thinking of someone else. My main focus has been ET. Do you have a link?

- Monkman
 
NFLX short 450@43.59
covered 400@43.20
covered 50@42.70


Shorting has been a challenge for me when trading this method for stocks. There are many reasons I believe that contribute to this issue. As I continue to place short trades, it will give me more opportunities to improve. Shorting is tricky though because shares are not always available or it takes time to locate them. This provides a delay in execution, or amounts to no trade at all. In this situation, I paid 20cents more than I wanted to because it took time to locate. This tipped my even level mind set into an emotional one. When I let my mind get to me, I often loose focus. This was the case with NFLX. For the most part to strive to keep and even temper at all times so that I can remain focused no matter if I'm up big or down. I am proud of myself for taking the trade. Was an excellent trade dropped quickly, broke through support of prior channel, and dove down. Volume was barely at FRV but then increased dramatically as the trend line was broken.
 

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