spread held up nicely today!
entered at 18.12
17.93 today
up 19 cents per share.. with dow down 336!
rick down 9 %
entered at 18.12
17.93 today
up 19 cents per share.. with dow down 336!
rick down 9 %
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Stripper Spread Trade VCGH Vs. RICK
- Thread starter jaytrader100
- Start date
it is not a noob question at all.. i posted the incorrect chart.. so you are correct
I am posting the spread chart along with this
spread now 17.62 up 50 cents per share
I am posting the spread chart along with this
spread now 17.62 up 50 cents per share
initial 18.12
today 17.26 = 86 cents a share positive
today 17.26 = 86 cents a share positive
Wrong again mr. shadow!!!!!!!!!
the play was outright shorting your rick or fading your call.. or doing a spread like i did1
Jay
Looks like in the longer term timeframe, I was right. RICK is going up and VCGH is going nowhere.
Like I said, there is no play here in this cheap shit stock unless big volume steps in and shows some interest.
Now that the downtrend is more of a confirmed break, RICK should move to $26 at prior highs.
Doesn't bother me at all that we got stopped out though, we traded it properly according to our rules and timeframe.
One thing to note is that when the 20ma fails to hold your next stop is the 50, which in this case held it perfectly and was the launching point for a stronger move than the little one that e played off the 20.
More details for the newbies are above in this very thread.......
-shadow
__________________
the play was outright shorting your rick or fading your call.. or doing a spread like i did1
Jay
Looks like in the longer term timeframe, I was right. RICK is going up and VCGH is going nowhere.
Like I said, there is no play here in this cheap shit stock unless big volume steps in and shows some interest.
Now that the downtrend is more of a confirmed break, RICK should move to $26 at prior highs.
Doesn't bother me at all that we got stopped out though, we traded it properly according to our rules and timeframe.
One thing to note is that when the 20ma fails to hold your next stop is the 50, which in this case held it perfectly and was the launching point for a stronger move than the little one that e played off the 20.
More details for the newbies are above in this very thread.......
-shadow
__________________
spread now at all time high!!!! sweet
1.26 profit per share and climbing
i am changing my paramters... i am taking off 500 at 2 bucks
500 at 3.00
500 at 4.00
letting last 500 run
1.26 profit per share and climbing
i am changing my paramters... i am taking off 500 at 2 bucks
500 at 3.00
500 at 4.00
letting last 500 run
spread now at 1.56 per share profit
instead of constantly bumping this stupid thread just create journal