WOW, Very nicely done.
To make a $2 call is impressive.
Put that on top of your consistent returns lately and its all good !!!
Keep it up NoDoji
NoDoji's Day Trading Log
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WOW, Very nicely done.
To make a $2 call is impressive.
Put that on top of your consistent returns lately and its all good !!!
Keep it up NoDoji
When I follow my plans and listen to the chart action, it works out for the best. It's SO hard to do that sometimes!+ $96
I was still in a "short the rally" mode today and really should've been taking advantage of the stable market and great short squeezes to go long.
Spent most of the day tag team shorting UAUA rallies with my husband (he can short via IB). Netted $486 on those moves, but my charts and his gave different signals which we bickered over on entries and left quite a bit of money on the table, ha! Going both long and short this stock would've been an amazing ATM machine.
Was watching others stocks on my computer for shorting the rallies. After missing entries on several of these, I finally got one on DVA for my big $100 gain.
Last minutes of the day I entered a MA short offer that missed and I cancelled it, then it rallied again. I entered another order and that missed, too. I was looking to get a last minute short because MA has consistently moved lower after rallies in after hours and pre-market.
I was still in a "short the rally" mode today and really should've been taking advantage of the stable market and great short squeezes to go long.
Spent most of the day tag team shorting UAUA rallies with my husband (he can short via IB). Netted $486 on those moves, but my charts and his gave different signals which we bickered over on entries and left quite a bit of money on the table, ha! Going both long and short this stock would've been an amazing ATM machine.
Was watching others stocks on my computer for shorting the rallies. After missing entries on several of these, I finally got one on DVA for my big $100 gain.
Last minutes of the day I entered a MA short offer that missed and I cancelled it, then it rallied again. I entered another order and that missed, too. I was looking to get a last minute short because MA has consistently moved lower after rallies in after hours and pre-market.
- $277
After MA established resistance, I placed a short offer at 144. The price was hit for about a nanosecond (it was the absolute top of that run up), but my order did not get filled. I must've waited too long to place and someone else got in before the drop. Next rally I was less conservative and placed an order at 143.50, which was filled. The price moved up a bit, then pulled back just a little below my entry price, then reversed and the stochastic crossed up while still in an overbought condition. This was a huge red flag and I exited immediately at market for a $375 loss before the nearly $4/share run straight up.
I thought I was doing a great job of chart analysis and picking great entry prices to place orders, yet I kept missing by pennies.
Finally got one with DVA, shorting the resistance of 55.25 and setting a target of 54.95. I had my order window open to adjust the price if it showed further weakness. My target was hit, my status window activated for the fill and my P&L got better, so I closed the order window. At the end of the day I still had 160 shares. I must've hit cancel order instead of close window. That's all I can figure because Etrade had no idea why my order showed as canceled before it was completely filled.
After MA established resistance, I placed a short offer at 144. The price was hit for about a nanosecond (it was the absolute top of that run up), but my order did not get filled. I must've waited too long to place and someone else got in before the drop. Next rally I was less conservative and placed an order at 143.50, which was filled. The price moved up a bit, then pulled back just a little below my entry price, then reversed and the stochastic crossed up while still in an overbought condition. This was a huge red flag and I exited immediately at market for a $375 loss before the nearly $4/share run straight up.
I thought I was doing a great job of chart analysis and picking great entry prices to place orders, yet I kept missing by pennies.
Finally got one with DVA, shorting the resistance of 55.25 and setting a target of 54.95. I had my order window open to adjust the price if it showed further weakness. My target was hit, my status window activated for the fill and my P&L got better, so I closed the order window. At the end of the day I still had 160 shares. I must've hit cancel order instead of close window. That's all I can figure because Etrade had no idea why my order showed as canceled before it was completely filled.
Quote from NoDoji:
The plot thickens:
Normally I would not mind accidentally being short overnight 160 shares of a stock that's trading near the top of its 52-week range.
However, in studying my earnings calendar for the coming week I just saw that they report earnings Monday morning.
:eek::eek:
Enjoy Saturdays night sleep cause you may not get much sunday.....LOL
you'll be fine, super huge P/Es are soooo 2007 : o )
+ $323
Covered my spare 160 shares of DVA @ 54 when they opened lower on an earnings miss for a $200 gain.
Shorted TGT at 40.46 on stochastic overbought not too far from the HOD. It rose a bit, dropped, bounced off the 20-period SMA not far from my entry price, so I set a target of 40.30 (close to 20 SMA) which was hit for a $75 gain, leaving a ton of money on the table with this one, because I really thought it would bounce and I could short it again.
As CAL approached an overbought condition for the third time, I placed a short offer a penny under the previous resistance of 20.55 and got filled. It pulled back a bit, retested resistance and dropped some more. Since airlines were riding on cheap oil news again today, I placed a conservative target at 20.39 for a $75 gain.
Considered shorting CAL again near end of day, but the airlines appeared to have become a bear trap, rising after every little tease.
Covered my spare 160 shares of DVA @ 54 when they opened lower on an earnings miss for a $200 gain.
Shorted TGT at 40.46 on stochastic overbought not too far from the HOD. It rose a bit, dropped, bounced off the 20-period SMA not far from my entry price, so I set a target of 40.30 (close to 20 SMA) which was hit for a $75 gain, leaving a ton of money on the table with this one, because I really thought it would bounce and I could short it again.
As CAL approached an overbought condition for the third time, I placed a short offer a penny under the previous resistance of 20.55 and got filled. It pulled back a bit, retested resistance and dropped some more. Since airlines were riding on cheap oil news again today, I placed a conservative target at 20.39 for a $75 gain.
Considered shorting CAL again near end of day, but the airlines appeared to have become a bear trap, rising after every little tease.
+ $220
Yesterday I put on a TGT short with the intention of holding it a while (like a day or two based on daily chart overbought). It moved significantly against me, but did not hit my stop, then retraced down about half the gain, so I held overnight. Because it only pulled back halfway, this morning I looked to exit at close to break even and re-evaluate a new trade after a trend had been established. Exited at 40.45 for a $30 gain when it dropped and pivoted, only to have it reverse and continue down significantly. Oh well.
Shorted CELG on 3rd overbought rally of the day @ 64.06. Exited at 63.96 target for a $50 gain. I impatiently did not wait for the stochastic to reach an oversold condition, leaving more money on that there table.
Shorted AMGN on new highs and overbought @ 60.45. It pushed higher, pulled back slightly and started higher again, so I exited at what I thought was break even, but ended up a small loss (slippage at market). Because I shorted at the first high of the day, I was conservative in managing the trade (lots of short squeezing lately), figuring it had a bit more upside, and I would try again later. It actually turned out to be a great short had I been patient.
Much later after missing another AMGN entry, I did get back in @ 60.50 as it had established very firm resistance there and was overbought. Used trend line analysis of the higher lows to pick a target exit of 60.20, which was filled just .01 cent from the bottom of that particular move for a $150 gain. However, after a small rebound, it continued lower. Normally I would have used stochastic oversold for my exit, but the trend line was my first guide on this one.
CELG moving up again rapidly, shorted at stochastic overbought @ 64.33 (less conservative this time because I wanted to put on the damn trade instead of missing it). It rallied to 64.53 and pulled back sharply. Again I used a trend line to set a .20 cent profit which was filled for a $100 gain.
CELG climbs again and based on the stochastic lines it appears it could test the HOD of 64.68, but no such luck. It hits that 64.50-area resistance like a rock and tanks before I can get a short in edgewise.
Yesterday I put on a TGT short with the intention of holding it a while (like a day or two based on daily chart overbought). It moved significantly against me, but did not hit my stop, then retraced down about half the gain, so I held overnight. Because it only pulled back halfway, this morning I looked to exit at close to break even and re-evaluate a new trade after a trend had been established. Exited at 40.45 for a $30 gain when it dropped and pivoted, only to have it reverse and continue down significantly. Oh well.
Shorted CELG on 3rd overbought rally of the day @ 64.06. Exited at 63.96 target for a $50 gain. I impatiently did not wait for the stochastic to reach an oversold condition, leaving more money on that there table.
Shorted AMGN on new highs and overbought @ 60.45. It pushed higher, pulled back slightly and started higher again, so I exited at what I thought was break even, but ended up a small loss (slippage at market). Because I shorted at the first high of the day, I was conservative in managing the trade (lots of short squeezing lately), figuring it had a bit more upside, and I would try again later. It actually turned out to be a great short had I been patient.
Much later after missing another AMGN entry, I did get back in @ 60.50 as it had established very firm resistance there and was overbought. Used trend line analysis of the higher lows to pick a target exit of 60.20, which was filled just .01 cent from the bottom of that particular move for a $150 gain. However, after a small rebound, it continued lower. Normally I would have used stochastic oversold for my exit, but the trend line was my first guide on this one.
CELG moving up again rapidly, shorted at stochastic overbought @ 64.33 (less conservative this time because I wanted to put on the damn trade instead of missing it). It rallied to 64.53 and pulled back sharply. Again I used a trend line to set a .20 cent profit which was filled for a $100 gain.
CELG climbs again and based on the stochastic lines it appears it could test the HOD of 64.68, but no such luck. It hits that 64.50-area resistance like a rock and tanks before I can get a short in edgewise.
+ $273
Wanted to trade CAL again today, so I waited for a trend to be established. After a double bottom established support, it rallied again and I shorted @ 16.49 when overbought stochastic indicated a likely failure to test the HOD. Covered @ 16.24 for a $125 gain when oversold stochastic crossed up, catching most of that move.
Shorted again @ 16.60 (previous resistance) when the rally seemed to stall there in an overbought condition. I set the 16.79 HOD as my mental stop, but it failed to test that level and rapidly pulled back. Covered @ 16.45 just pennies from the bottom of the move when it reached an extremely oversold condition, for a $75 gain.
It bounced off that bottom, reached an overbought condition, and broke right through the HOD. Although the stochastics by themselves continued to indicate strong short opportunities at every little slowdown, I sensed a bear trap because a) this rally came off a much higher low than the original double bottom, b) an overall uptrend was now established (higher lows, higher highs), and c) a break through the HOD often means the next round number will be tested. In this case thatâs exactly what happened and in fact it broke right through 17 without pause. It ranged around a lot after that and I moved on.
AVP hitting the high ticker. I was tempted to short them right then and there @ 25.95-ish, but it wasnât trading at its recent highs yet and I learned that one who tries to pick top may get taken for a spin. So I decided I would short on a failure to make a new high. It pulled back a bit, rallied to 25.89 and reversed. I shorted @ 25.81 and covered at market for a $113 gain when it dipped to 25.55 and reversed from an oversold condition. That pretty much became the new support of the day and it was stuck in a tight range after that, so I moved on.
Watched BIIB climb to re-test the HOD of 45.27. It came close, pulled back a tiny bit, tried again and I placed an offer just under the HOD and it missed by pennies, then tanked hard. I tried to short again on the last rally of the day, and also missed the entry by a few pennies. I shouldâve been less conservative with these rallies in such a down market, because both shorts would have been fantastic.
I feel that my trading is becoming quite disciplined lately, and my biggest shortcoming is simply not trading enough. I see many opportunities and often hesitate, missing the best opportunities. I also have a bad ADD habit of watching one chart for a setup, then getting distracted watching another one, and I should be more focused in that regard.
I posted what I think is a great learning opportunity chart here, showing a variety of parameters to "eyeball" before putting on a trade. Support, resistance, trends, and stochastics all combined to set up some strong opportunities.
Wanted to trade CAL again today, so I waited for a trend to be established. After a double bottom established support, it rallied again and I shorted @ 16.49 when overbought stochastic indicated a likely failure to test the HOD. Covered @ 16.24 for a $125 gain when oversold stochastic crossed up, catching most of that move.
Shorted again @ 16.60 (previous resistance) when the rally seemed to stall there in an overbought condition. I set the 16.79 HOD as my mental stop, but it failed to test that level and rapidly pulled back. Covered @ 16.45 just pennies from the bottom of the move when it reached an extremely oversold condition, for a $75 gain.
It bounced off that bottom, reached an overbought condition, and broke right through the HOD. Although the stochastics by themselves continued to indicate strong short opportunities at every little slowdown, I sensed a bear trap because a) this rally came off a much higher low than the original double bottom, b) an overall uptrend was now established (higher lows, higher highs), and c) a break through the HOD often means the next round number will be tested. In this case thatâs exactly what happened and in fact it broke right through 17 without pause. It ranged around a lot after that and I moved on.
AVP hitting the high ticker. I was tempted to short them right then and there @ 25.95-ish, but it wasnât trading at its recent highs yet and I learned that one who tries to pick top may get taken for a spin. So I decided I would short on a failure to make a new high. It pulled back a bit, rallied to 25.89 and reversed. I shorted @ 25.81 and covered at market for a $113 gain when it dipped to 25.55 and reversed from an oversold condition. That pretty much became the new support of the day and it was stuck in a tight range after that, so I moved on.
Watched BIIB climb to re-test the HOD of 45.27. It came close, pulled back a tiny bit, tried again and I placed an offer just under the HOD and it missed by pennies, then tanked hard. I tried to short again on the last rally of the day, and also missed the entry by a few pennies. I shouldâve been less conservative with these rallies in such a down market, because both shorts would have been fantastic.
I feel that my trading is becoming quite disciplined lately, and my biggest shortcoming is simply not trading enough. I see many opportunities and often hesitate, missing the best opportunities. I also have a bad ADD habit of watching one chart for a setup, then getting distracted watching another one, and I should be more focused in that regard.
I posted what I think is a great learning opportunity chart here, showing a variety of parameters to "eyeball" before putting on a trade. Support, resistance, trends, and stochastics all combined to set up some strong opportunities.
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