my trading...

chiguy · Jan 19, 2005

great thread

foe · Jan 19, 2005

Quote from sobemark:

i use mental stops based on my own risk tolerance (which is high)

normally since i am trading against the trend, i do not expect my first entry to be perfect, so i usually build my positions over several entries ..

yesterday w/ JOBS i tried for the gap fade...didn't work.. so i dumped it quick because it didn't "feel right" ..obviously it was the right move ..

thanks for the comments

What time do you usually enter your position to fade the gap (morning / afternoon)

Thanks

sobemark · Jan 19, 2005

Quote from foe:

What time do you usually enter your position to fade the gap (morning / afternoon)

Thanks

it depends on the price action ... but i like the first 6-9 minutes

sobemark · Jan 19, 2005

Quote from sobemark:

OSTK for the gap fade ..traded the intrinsic value of the 70 puts (in the money) for leverage. OSTK didn't do quite what i wanted and shook me out a bit early .. but profitable..

9:31:24 Buy to Open 15 +QKTMN at 5.40 on EBS (10 traded @ 5.4000) Executed

9:38:04 Buy to Open 10 +QKTMN at 5.00 on EBS (10 traded @ 5.0000) Executed

9:38:07 Buy to Open 10 +QKTMN at 5.00 on EBS (10 traded @ 5.0000) Executed

9:45:39 Sell to Close 10 +QKTMN at 5.30 on EBS (10 traded @ 5.3000) Executed

9:47:48 Sell to Close 10 +QKTMN at 5.40 on EBS (10 traded @ 5.4000) Executed

9:52:04 Sell to Close 10 +QKTMN at 5.50 on EBS (10 traded @ 5.5000) Executed

---------------------------------------

TASR for the snap back into the channel

9:32:49 Buy 1000 TASR at 18.37 on ARCA (1000 traded @ 18.3550) Executed

9:34:04 Sell 1000 TASR at 18.85 on ARCA (1000 traded @ 18.8500) Executed

no further trades today .. watching earnings tonight ..

net +$1295usd

zoner989131 · Jan 19, 2005

Today was another great volatility day. The set-up was great to short internet stocks since other than YHOO both AMZN and EBAY looked weak pre-open. THe positive inflation data put some further distance onto EBAY and it was a good probability to fall after the open which it did. I had a couple of short trades on EBAY in the morning. I did not anticipate the market would weaken this badly even though IBM and other earnings were weak. After-Market was volatile also with EBAY and QCOM tanking, I shorted INTC and bought 2000 shares of YHOO at 35.00. All in all a very good day.

reid5525 · Jan 19, 2005

Quote from zoner989131:

Today was another great volatility day. The set-up was great to short internet stocks since other than YHOO both AMZN and EBAY looked weak pre-open. THe positive inflation data put some further distance onto EBAY and it was a good probability to fall after the open which it did. I had a couple of short trades on EBAY in the morning. I did not anticipate the market would weaken this badly even though IBM and other earnings were weak. After-Market was volatile also with EBAY and QCOM tanking, I shorted INTC and bought 2000 shares of YHOO at 35.00. All in all a very good day.

How did you get YHOO at 35.00?

zoner989131 · Jan 19, 2005

YHOO gapped down to 35.00 after EBAY released its earnings. Unfortunately I sold it at 35.15. It is now trading at 35.80. I can trade the ECN's until 5:00 pacific. I sold too early again.

reid5525 · Jan 19, 2005

Quote from zoner989131:

YHOO gapped down to 35.00 after EBAY released its earnings. Unfortunately I sold it at 35.15. It is now trading at 35.80. I can trade the ECN's until 5:00 pacific. I sold too early again.

Yes. I see it now.

sobemark · Jan 19, 2005

Quote from zoner989131:

YHOO gapped down to 35.00 after EBAY released its earnings. Unfortunately I sold it at 35.15. It is now trading at 35.80. I can trade the ECN's until 5:00 pacific. I sold too early again.

watching the big gap downs in the am for possible fades ...

GOOG and OSTK are the most favorable ...

cheers

reid5525 · Jan 19, 2005

Quote from zoner989131:

YHOO gapped down to 35.00 after EBAY released its earnings. Unfortunately I sold it at 35.15. It is now trading at 35.80. I can trade the ECN's until 5:00 pacific. I sold too early again.

Why did you sell at 35.15. You were up .15c. Could have had it to sell at 35.00 and your finger on the trigger, if it threatened to slip below 35.00. Did you chicken out? I have done that a couple of times.