my trading...

earlier comments said i was looking at OSTK/GOOG for a better fade .. well i didn't listen to my own judgement and went with EBAY instead ... wrong move .. picked the 80 calls over the price of the stock ... first trade scratch

9:33:45 Buy to Open 15 +XBAAP at 6.50 on EBS (15 traded @ 6.5000) Executed

9:36:19 Sell to Close 15 +XBAAP at 6.50 on EBS (15 traded @ 6.5000) Executed
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BIG MISTAKE here and chased the stock thinking it would make a move .. stock seemed very heavy and dumped the call for .50 loss... $750 charge for chasing
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9:39:19 Buy to Open 15 +XBAAP at 7.00 on EBS (15 traded @ 7.0000) Executed

9:49:20 Sell to Close 15 +XBAAP at 6.50 on EBS (15 traded @ 6.5000) Executed

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TZOO through the channel but thin ...scalped for .48

9:44:35 Buy 500 TZOO at 74.70 on ARCA (500 traded @ 74.7000) Executed

9:53:12 Sell 500 TZOO at 75.00 on ARCA (500 traded @ 75.1800) Executed
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back to EBAY ... dramatic fall on volume .. pure panick setting in ... started buying the calls again .. (i will post the chart later tonight) .. ALL lower bands penetrated by .75 in some instances. looking like a washout ..


10:01:16 Buy to Open 15 +XBAAP at 4.50 on EBS (15 traded @ 4.5000) Executed

10:02:07 Buy to Open 15 +XBAAP at 4.20 on EBS (15 traded @ 4.2000) Executed

10:03:14 Buy to Open 15 +XBAAP at 3.60 on EBS (15 traded @ 3.6000) Executed

10:04:54 Buy to Open 10 +XBAAP at 3.60 on EBS (10 traded @ 3.6000) Executed

10:06:13 Buy to Open 20 +XBAAP at 2.70 on EBS (10 traded @ 2.7000) Executed

10:07:10 Buy to Open 10 +XBAAP at 3.30 on EBS (10 traded @ 3.3000) Executed

10:08:00 Sell to Close 20 +XBAAP at 4.10 on EBS (10 traded @ 4.1000) Executed

10:09:37 Sell to Close 20 +XBAAP at 4.00 on EBS (20 traded @ 4.0000) Executed

10:11:12 Sell to Close 20 +XBAAP at 4.30 on EBS (20 traded @ 4.3000) Executed

10:13:48 Sell to Close 25 +XBAAP at 4.50 on EBS (25 traded @ 4.5000) Executed

redemption good for a very profitable morning. :cool:
 
Quote from jficquette:

Just curious did I read that you lived in Miami?? If so how do you like it?? Thinking about moving east.

Thanks

John
More...

yes live in Miami Beach , but i am moving to NYC this summer..
 
Quote from foe:

Why would you move from Miami to NYC?
More...

my girl is pursuing acting .. and most importantly , i love the city.. also the interaction w/ other traders ..

will keep a place in Miami for the super cold days:D
 
S,

I watched ebay and qcom on the open, and came out bascially BE. I watched more for a momentum trade after the initial 3 min bar.

I did not monitor the chart for a setup to develope, but your ebay chart is nice to see that you wait to see IF a setup developes. I actually got that ebay trade on your setup, only with 200 shs, and was able to make back my original loss in ebay.

Nice job.

PatrickQ
 
S,

Well, I do not see your pattern for QCOM this AM so I should not have been in. Learning curve seems to cost, but fortunately today only 100 bucks.

So do you have up 3-8 charts with issues in the AM that you focus on scanning for pattern setups?

PatrickQ
 
sobemark

In these countertrend trades using bands the probability of returning to the mean is always high but Ive always found timing the entry to be extremely difficult. Would you care to elaborate on your criteria?
 
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