Monkman's PV Journal
- Thread starter Monkman
- Start date
Bought DBRN 1331@15.02
Sold 14.74
FBO. Stock continuously went down after I bought. ES was also rolling over as well and retail sector was getting hammered. This stock had strength among the retailers in the beginning but then rolled over with the rest. This caused the stock to hit my stop, where at that point I had to exit. After I got out the stock dropped .70 cents or so. Having an exit plan beforehand saved me from a potential disaster.
Keep working on taking the short trades. There were several good ones today including SNCR.
Sold 14.74
FBO. Stock continuously went down after I bought. ES was also rolling over as well and retail sector was getting hammered. This stock had strength among the retailers in the beginning but then rolled over with the rest. This caused the stock to hit my stop, where at that point I had to exit. After I got out the stock dropped .70 cents or so. Having an exit plan beforehand saved me from a potential disaster.
Keep working on taking the short trades. There were several good ones today including SNCR.
5/11/09
skx short 600 @10.38
covered @10.36
SINA short 700 @ 27.84
covered 27.25
SINA long 700 @ 28.05
sold 27.53
SFLY long 800 @ 12.45
5/12/09
SFLY long 1000 @ 12.51
total 1800 shares
CMED long 973 @ 20.49
covered 20.12
5/13/09
SFLY sold 12.21
Was trying to catch the bigger move in this trade. Was up almost 5% at one point. Then it came back on me, where I failed to lock in 2% profits at least. Held for a loss instead. Ended up selling stock near slow of day, then the following days it has news, upgrade, and rockets up close or at 10% target. Right now, I am going to concentrate on preserving profits when possible, at the expensive hold out for the greater moves. If I sell I can always buy back on retrace. on the 15th stock was in DU again, hit FRV, avoided stock because of previous baggage. Coming in everyday with a clear mind on stocks is important. Avoid thinking of previous history, and just make trade if its good.
5/14/09
PWRD short 1200 @16.9
covered @17.29
5/15/09
HXM bought 926 @ 21.55
sold 22.23
Took profits early above risk/reward. Sold because the ES was crashing down, almost all stocks in the same sector as this one were going down. Did not want this one to roll over on me, so I decided to take profits to recoup some of the losses from this week.
skx short 600 @10.38
covered @10.36
SINA short 700 @ 27.84
covered 27.25
SINA long 700 @ 28.05
sold 27.53
SFLY long 800 @ 12.45
5/12/09
SFLY long 1000 @ 12.51
total 1800 shares
CMED long 973 @ 20.49
covered 20.12
5/13/09
SFLY sold 12.21
Was trying to catch the bigger move in this trade. Was up almost 5% at one point. Then it came back on me, where I failed to lock in 2% profits at least. Held for a loss instead. Ended up selling stock near slow of day, then the following days it has news, upgrade, and rockets up close or at 10% target. Right now, I am going to concentrate on preserving profits when possible, at the expensive hold out for the greater moves. If I sell I can always buy back on retrace. on the 15th stock was in DU again, hit FRV, avoided stock because of previous baggage. Coming in everyday with a clear mind on stocks is important. Avoid thinking of previous history, and just make trade if its good.
5/14/09
PWRD short 1200 @16.9
covered @17.29
5/15/09
HXM bought 926 @ 21.55
sold 22.23
Took profits early above risk/reward. Sold because the ES was crashing down, almost all stocks in the same sector as this one were going down. Did not want this one to roll over on me, so I decided to take profits to recoup some of the losses from this week.
5\15\09
TGP 300 @ 17.65
Sold 100 @ 17.67
200 @ 17.70
SYNA 600@ 31.78
sold 31.85
Got over technical with this trade. Thought I saw increasing red, decreasing black with a pt 3 forming that day. Stoh was just above 80 not holding very strong. Then later volume surged in and so did price. At this point, I think it would be more beneficial to wait and see what price and volume does rather then acting early based on something I think I see in the charts.
SNDA avg 400 @ 50.70
sold 52.89
On the 30min flag was forming. It hit the top of it and started to come back down a little. Then it broke through, went crazy and hit the 10% target in one day.
Patience....
5-20-09
BBG 1000 @ 33.45
sold 400 @ 33.48
sold 600 @ 33.56
sold off 400 immediately due to too much size.
What I have been doing these past couple of weeks is being more firm with my increase stops. So if the stocks goes up 2% or more ill raise to over break even and if it gets close to 5% target ill raise mental stop to 2% above entry. This way I know I will walk away from the trade with profits or scratch the trade without taking the loss. SFLY from last week was a prime example of a trade that barely missed the 5% target, but did have 2% profit taking potential. Right now, If I have trouble capturing the big move, thats fine. Just need to make sure my winning percentage is high enough so I can offset all losses.
5-21-09
no trades
5-22-09
LUFK 500 @ 39.90
sold 40.12
Stock looked perfect in the morning increasing vol, tested lows in price, and went back up strong. Then volume just dried up price had a hard time moving anywhere, ES, had tried up as well. At this point, it looked like everyone had got on vacation early so I sold out and did the same.
TGP 300 @ 17.65
Sold 100 @ 17.67
200 @ 17.70
SYNA 600@ 31.78
sold 31.85
Got over technical with this trade. Thought I saw increasing red, decreasing black with a pt 3 forming that day. Stoh was just above 80 not holding very strong. Then later volume surged in and so did price. At this point, I think it would be more beneficial to wait and see what price and volume does rather then acting early based on something I think I see in the charts.
SNDA avg 400 @ 50.70
sold 52.89
On the 30min flag was forming. It hit the top of it and started to come back down a little. Then it broke through, went crazy and hit the 10% target in one day.
Patience....
5-20-09
BBG 1000 @ 33.45
sold 400 @ 33.48
sold 600 @ 33.56
sold off 400 immediately due to too much size.
What I have been doing these past couple of weeks is being more firm with my increase stops. So if the stocks goes up 2% or more ill raise to over break even and if it gets close to 5% target ill raise mental stop to 2% above entry. This way I know I will walk away from the trade with profits or scratch the trade without taking the loss. SFLY from last week was a prime example of a trade that barely missed the 5% target, but did have 2% profit taking potential. Right now, If I have trouble capturing the big move, thats fine. Just need to make sure my winning percentage is high enough so I can offset all losses.
5-21-09
no trades
5-22-09
LUFK 500 @ 39.90
sold 40.12
Stock looked perfect in the morning increasing vol, tested lows in price, and went back up strong. Then volume just dried up price had a hard time moving anywhere, ES, had tried up as well. At this point, it looked like everyone had got on vacation early so I sold out and did the same.