The adventures of a new Trader

trade ideas for today:

Short VRTX @ 39.24

http://stockcharts.com/h-sc/ui?s=VRTX&p=D&yr=0&mn=4&dy=0&id=p99763770890

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long DXPE @ 26.85

http://stockcharts.com/h-sc/ui?s=DXPE&p=D&yr=0&mn=4&dy=0&id=p99763770890

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Short NTGR @ Pre-market

http://stockcharts.com/h-sc/ui?s=NTGR&p=D&yr=0&mn=4&dy=0&id=p99763770890


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Long HITT @ 34.20

http://stockcharts.com/h-sc/ui?
s=HITT&p=D&yr=0&mn=4&dy=0&id=p99763770890

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VRTX, DXPE, and NTGR are gap plays, while HITT is an attempt to pick up some stock at cheap value. It may slide lower, but the pullback could last a few days.
 
11/6/06

Short 100 ERTS @ 59.19

11/9/06 (3 day hold)

Cover 100 ERTS @ 57.90

stops: 61.45 (2.26)
PT: 56.00 (3.00)
r/r: 1.3

profit: 1.29 points ( + 115.00 after coms)

review:

Price action was a bit slow, but the trade was timed very well. I shorted the day after the gap, but got out eary because the bars seemed to small, and bearish volume was the same over the past 3 days. I would have liked to see the red bars get bigger and volume pick up. Maybe I'm too picky.

http://stockcharts.com/h-sc/ui?s=ERTS&p=D&yr=0&mn=4&dy=0&id=p67249541112


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Got a trade in HITT going on too, I hope to get out of my tomorrow.

http://stockcharts.com/h-sc/ui?s=HITT&p=D&yr=0&mn=4&dy=0&id=p67249541112
 
What do you see in RMBS? It looks range bound between 16 and 17. I like it as a short below 16 so I was wondering what you see for going long?
 
11/7/06

Bought 200 HITT @ 34.35

11/14/06 (7 day hold)

Sold 200 HITT @ 36.14

Stops: 33.00
PT: 36.14

profit 344.00 after coms

review:

Nothing much to say. I cought the bottom at the right time.
 
Quote from cashmoney69:

11/7/06

Bought 200 HITT @ 34.35

11/14/06 (7 day hold)

Sold 200 HITT @ 36.14

Stops: 33.00
PT: 36.14

profit 344.00 after coms

review:

Nothing much to say. I cought the bottom at the right time.
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I disagree. There is quite a bit to say. You had a higher reward to risk ratio. Good Trade!!!
 
Quote from HolyGrail:

I disagree. There is quite a bit to say. You had a higher reward to risk ratio. Good Trade!!!
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Thank you. I noticed in your profile you run your own business. Mind if I ask what that is?
 
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