The adventures of a new Trader

Short swy @ 35.55

stop: 35.83 (.28)

pt: 34.70 (.85)

NO support on the 10 min chart..just falling :D

--

The breakout on SHW failed...just like the breakout on WAG, and ASEI...these arn't as easy as they seem..or maybe it's just bad luck?...

cm69
 
2/1/07

Bought 80 CAT @ 62.06

stops n/a
pt: n/a

2/23/07

Sold 80 CAT @ 67.50

profit 421.20

review:

The reason I didn't place stops was because I wanted it to be an investment, but I later changed my mind, and decided to not be greedy and take some off the table. I still have a small position. So far this has been my most profitable breakout/ gap play.
 

Attachments

2/1/07

Added 20 CAT to position @ 65.10

stops n/a
pt: n/a

2/27/07

sold 20 CAT @ 65.43

profit -7.40

review:

I wanted to take a small loss now than a larger one later on. Stops and pt's were not in place because i was lazy. Actually I thought that CAT would rise off its trendline, but this 500 drop in the dow quickly changed that.

---------------

2/23/07

Bought 35 CSGP @ 51.30

Stop: 49.54 (1.76)
pt: 56.58 (5.28)

2/27/07

Sold 34 CSGP @ 49.54

profit: -75.60

review:

Another breakout that didn't work.


----------------

2/22/07

Short 50 SWY @ 35.55

pt: 34.71 (.84)
stop: 35.83 (.28)


2/27/07

Cover 50 SWY @ 34.20

profit: 53.50

review:

You'll notice that my PT is higher than where I actually sold the stock, thats because I decided to put in a .28 trailing stop instead of a hard stop, which I cancled. 28 cents may have been too loose but I stay true to my stop/ profit method. This was a breakout play.
 

Attachments

[color= blue]

Summary for January

[/color]

trades made: 22

profitable: 14 ( 63.6 % )

Short Term Gain 1,009.72


non profitable: 8 (36.4 %)

Short Term Loss -588.15

Largest profit: 267.84 from ISRG

Largest loss: 107.55 from AAPL


Total gain: 421.57




-------


[color= blue]

Summary for February

[/color]

trades made: 10

profitable: 4 ( 40 % )

Short Term Gain 629.72


non profitable: 6 (60 %)

Short Term Loss -611.66

Largest profit: 421.03 from CAT

Largest loss: 331.58 from GROW


Total gain: 18.06
 
I dont use probably as much margin as I should. I guess the answer is no.

--

Lol I just noticed that my % performance to winners and losers was almost exact opposite of january...thank god my p/l wasn't. Also my # of trades was half..hmm..that was not intentional.
 
2/27/07

Short 100 SNDK @ 37.15

PT: 26.98 (10.17)
Stop: 40.54 (3.39)

3/13/07

Cover 100 @ 40.54

Profit - 353.00

review:

Shorted at a weekly support level. At that time, who the hell would have expected SNDK to bounce like it did??...

------

3/6/07

Bought 35 LEH @ 73.99

PT: 78.22 (4.23)
stop: 73.58 (1.41)

3/13/07

Sold 35 LEH @ 72.58

profit - 63.35

review:

More than likely, LEH will report an amazing quarter tomorrow and I'm going to wish I re-entered this stock, as the stock gaps up 5pts... I had a trailing stop on this position, but later decided to take it off because of a conversation I had with another trader, and replaced it with a hard stop. Still a 1:3 risk/reward, but I wish I kept the TS stop in place.
 

Attachments

You must log in or register to reply here.
Back
Top