Panic Zone Trader

Quote from JohnK:

ctrader,

OK, I checked it out and it looked interesting. So, I'm on the trial - and I did tell them you referred me to them - will follow your posts here and also let you know how I like the service. Are you in Canada or the US or? Your handle, ctrader, does look like "Canadian Trader"... right? Of course, it also looks like "Colombian Trader" and "Chinese Trader" etc etc :)
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Thanks John.

Yep I'm in canada. Are you a canuck?
 
No, but I've been there many times, on vacation. I've seen practically everything east of Toronto, love the northern part of Nova Scotia the best. I live in North Western New Jersey... beautiful place here too. :)
 
stopped out again, long at 41.50.

I'm going to try and sit on my hands and let this ride as long as i can. Stop is at 40.40
 
SMH is a great trading stock. Very high beta and it swings at least $1 intra-day. Even better than the QQQ, I think.

It is quite chartable on a 5 or 15 min chart. You don't have to fight for pennies, just ride a .10 - .50 move.

Day to day swings work well too.
 
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Sold at 42.25, booked 0.75 profit.

Shorted on break of 41.90.

At 43.35, it did tag the upper edge of the panic zone channel, so its valid to look at shorting.
 
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