my trading...

Quote from sobemark:

the following are my trades for Thursday 1/13 and Friday 1/14..

Thursday:
01/13/2005 09:32:53 QUR ME TASR Jan '05 @ 25.00 PUT BTO 15.000 3.80000 -5,700.00

01/13/2005 09:42:06 QUR ME TASR Jan '05 @ 25.00 PUT STC -15.000 5.10000 7,650.00

Friday:


01/14/2005 09:33:31 CREE CREE INC B 200.000 26.40000 -5,280.00

01/14/2005 09:33:31 CREE CREE INC B 800.000 26.39000 -21,112.00

01/14/2005 09:43:48 CREE CREE INC S -1,000.000 27.00000 27,000.00


you are welcome to analyze and post q's ..
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Good start on a journal. My compliments.

What these first two trades had in common is that they were large gaps which you faded.

So my questions are:

1) Are you usually fading these large gaps?

2) What specifically triggered your entry after the stock had gapped?

Thanks again.

OldTrader
 
Quote from OldTrader:

What these first two trades had in common is that they were large gaps which you faded.

So my questions are:

1) Are you usually fading these large gaps?

2) What specifically triggered your entry after the stock had gapped?

Thanks again.

OldTrader
More...

Hi OldTrader ..

i usually like to fade the super gaps ... obviously it depends on what news or events caused the gaps ... where and how they closed the day before ... and where and how they closed on the daily ...

on both issues ... these stocks gapped and went at least 2 periods in the direction of the gap ... this triggered my entry for both fades ... again .. using the volatility bands and 24 MA as guides for retracement ...

further note .. i missed the APPX super gap fade earlier in the week ... for it fell right at the open and one of my rules is never to chase a stock ...
 
Quote from sobemark:



If there is interest, I will post my trades after the day is done... for anyone that is interested... i will tell you how i set up my charts and what i look for...

I look forward to your responses.
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What criteria do you use for screening, picking your stocks, or do you have already preselected stocks that you are following everyday ?
hombre
 
Quote from sobemark:



01/14/2005 09:33:31 CREE CREE INC B 200.000 26.40000 -5,280.00

01/14/2005 09:33:31 CREE CREE INC B 800.000 26.39000 -21,112.00

01/14/2005 09:43:48 CREE CREE INC S -1,000.000 27.00000 27,000.00


you are welcome to analyze and post q's ..
More...

Very good move, but a risky trade.

this is this kind of trade, where if you miss the exit, you'll never be able to break even.

Did you ever happen to miss the exit? if so, did you go out asap with a loss, or did you look for the next profitable exit?
 
Quote from Hombre:

What criteria do you use for screening, picking your stocks, or do you have already preselected stocks that you are following everyday ?
hombre
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i follow the usual nasdaq movers ... but the ones that make the exaggerated moves outside the vol bands are the ones i trade
 
Quote from karol88:

Very good move, but a risky trade.

this is this kind of trade, where if you miss the exit, you'll never be able to break even.

Did you ever happen to miss the exit? if so, did you go out asap with a loss, or did you look for the next profitable exit?
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yes my style of trading described in my opening paragraph seems risky since i go against the trend 99% of the time .. this is the style i developed and i have traded successfully...

usually my first entry is not the correct one and i usually buy (or sell) until the trend reverses ... my trading model is based on probabilities ... sometimes when the my first entry goes against me, the probability is that much greater that it will retrace ...so i have complete confidence to enter again .. remember , i am buying under the lower volatily band and well below the 24 MA ... or selling short on the other end ...

also, with the 'CREE' trade .. you had to take into consideration where the stock had just come from ... and the placement of the 200 DMA ..
 
nice, really nice move...but didn't you worry about the fact that there was a chance CREE would hit somewhere arround $25 sooner or later? see the chart (I do follow same direction trendlines over indicators)
I wouldn't be able to handle that... I'm too nervous for such games :)
 

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Quote from karol88:

nice, really nice move...but didn't you worry about the fact that there was a chance CREE would hit somewhere arround $25 sooner or later? see the chart (I do follow same direction trendlines over indicators)
I wouldn't be able to handle that... I'm too nervous for such games :)
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If CREE traded down to $25, I probably would have had a second and third position since the probability of CREE retracing back into the channel, and testing the 200 DMA on the upside would have been greater than 80%...

thanks for your comments :-)
 
Quote from zoner989131:

I followed CREE yesterday also. I don't use charts very much, could you specify your parameters in more detail? Thanks.
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The CREE trade based on a correction back into the channel, and my hunch that it would retrace back to the 200 DMA ..

my model is based on the probability that it will retrace or 'snap back' to a certain price. so in actuality, the further CREE moved in the direction of the gap (down), the better of a chance it had to retrace ... which gives me the confidence to buy down..

i will explain more as my trades are posted here ..
 
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