puddles 2011 trade journal (formerly a 70k bet..)

Quote from puddles:

honestly, i don't think it happens as often as you think it does.. my stops are reasonably tight and if i were to give a trailing stop enough room i run the risk of stopping out below my 2:1 target which will mess things up. I was actually remarking today about how my back half trades have been performing terribly in 2011 and i've decided that I will cut back, take full 2:1 trades and paper trade the back halfs until i'm happy with my result.
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oh karma..

X currently 50c past my tgt and would have been a home run split..
 
<img src="http://puddles.humanfund.ca/20110323/spy.png">

<img src="http://puddles.humanfund.ca/20110323/ibn.png">

<img src="http://puddles.humanfund.ca/20110323/jbl.png">

<img src="http://puddles.humanfund.ca/20110323/coh.png">

<img src="http://puddles.humanfund.ca/20110323/x.png">

9:44

LONG IBN 46.2
STOP 46.09
TGT 46.42

- Inverse gap to SPY
- SPY selling, IBN heading higher
- Tight higher low, looking for a SPY reversal to help too
- out +0.22

10:15

LONG JBL 21.15
STOP 20.99
TGT 21.47

- Inverese gap just like IBN
- 10am #s were BAD, market tanks
- JBL heads higher showing great relative strength
- SPY reverses and JBL doesn't follow, I knew this trade was in trouble right there (and everyone else fades)
- out -0.16

10:34

SHORT COH 50.22
STOP 50.32
TGT 50.02

- Big selloff with the market after 10am
- SPY tries to bounces off the lows, COH ranges at the lows
- Short the break
- out -0.10

14:25

LONG X 54.03
STOP 53.94
TGT 54.21

- SPY made a push to HOD just before 2pm and pulled back
- Ignoring the morning tail, X did as well but it had retraced it's pullback by 14:40
- Beautiful triangle against 54.00 resist. Sent my order late, gave it some slip and got .03 (wanted .01)
- Yesterday I said I wasn't going to split so I stuck to my rules. I was also 1-2 going into this trade so I wanted to take a full sized winner..
- out +0.18, runs 50c right after I exit. typical

http://puddles.humanfund.ca/wp/2011/03/23/2011-03-23-trades/
 
Quote from BostonKiller:

No doubt!
What's up with you, man?
I'm rarely in the chat, but you are never there...are you no longer trading? :(
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I dont want to ramble on in Puddles journal.....

I still trade (mostly) everyday w/ Puddles.
"My kind" was not liked much by the higher ups in chat....guess I Giggled one too many times!!! (giggle)
 
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