Bullet shoot-out but I missed a critical fill in the morning to make this the easy K that it should have been. 6800 shares on 3 of 6 shooting, +959 before commissions, +599 after, 3 bullets.
Pre-Market: A batch of downgrades on energy stocks, tons of shooting stars on charts said this is going to a bullet day.
9:30: I almost never put up bullets before market opens because I hate gaps, and in this case most of the energy stocks gapped down (DO didn't, but 2 prints later it went down 70 cents), picked out SGY, KMI, and LM, 3 stocks that didn't gap down much. Sold SGY above 40 and scored almost half a point on 1000 shares. Took KMI short and he did a mini squeeze which I covered half and sold a little more, but he had little volume in the morning and was a very slow downtrend, ended up taking half a point but on far less shares. As soon as I started those two positions I flipped to LM but he already went down half a point, and it went down 2 points with hardly an uptick, and it was too late to put up a fourth bullet. With only two active bullets my performance really struggled.
10:00: Churned a lot of SGY and KMI, and too a little DO long on what I thought was a OSX bounce, out for a nickel loss.
3:00: CCU had a huge offer and I took a bottom bounce play, I thought he wasn't done selling at 37 but he was, and I took a quarter profit and left half a point on the table. Took a little GE on futures bounce and out for a dime loss (could have took TYC/IBM, etc, GE was weak today).
If the pay period ends here it will be my third best month of the year and I fully intend to add to it tommorrow with another win. Strength and courage!
Pre-Market: A batch of downgrades on energy stocks, tons of shooting stars on charts said this is going to a bullet day.
9:30: I almost never put up bullets before market opens because I hate gaps, and in this case most of the energy stocks gapped down (DO didn't, but 2 prints later it went down 70 cents), picked out SGY, KMI, and LM, 3 stocks that didn't gap down much. Sold SGY above 40 and scored almost half a point on 1000 shares. Took KMI short and he did a mini squeeze which I covered half and sold a little more, but he had little volume in the morning and was a very slow downtrend, ended up taking half a point but on far less shares. As soon as I started those two positions I flipped to LM but he already went down half a point, and it went down 2 points with hardly an uptick, and it was too late to put up a fourth bullet. With only two active bullets my performance really struggled.
10:00: Churned a lot of SGY and KMI, and too a little DO long on what I thought was a OSX bounce, out for a nickel loss.
3:00: CCU had a huge offer and I took a bottom bounce play, I thought he wasn't done selling at 37 but he was, and I took a quarter profit and left half a point on the table. Took a little GE on futures bounce and out for a dime loss (could have took TYC/IBM, etc, GE was weak today).
If the pay period ends here it will be my third best month of the year and I fully intend to add to it tommorrow with another win. Strength and courage!
