Trading Gaps and Breakouts (Stocks)

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Brandon
 
Quote from Dantheman:

Brandonf, would you say that up gaps are easier to trade then down gaps? It has been my observation that up gaps are a bit more predictable or manageable.

I'm wondering what your experience has been.
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In individual stocks yes I have found that. It might just be the uptick rule though because in the indexes they are the same.

Brandon
 
brandon, please post some of your losing trades please. (you DO have loser don't you?)

or don't you think that anything can be learnt from the losers? (you ARE attempting to TEACH people here aren't you, instead of just pumping your chat?)

how about a day where everything just goes wrong? you know, those real dog days? ever have them brandon? how come i never (EVER) see you come on here and say "look at this chart, we got our butts kicked on this one..." "and here, looked 'picture perfect', but DAMN, sure got nailed there" ... you know, the kinds of experiences us mortal traders go through..
 
Quote from daniel_m:

brandon, please post some of your losing trades please. (you DO have loser don't you?)

or don't you think that anything can be learnt from the losers? (you ARE attempting to TEACH people here aren't you, instead of just pumping your chat?)

how about a day where everything just goes wrong? you know, those real dog days? ever have them brandon? how come i never (EVER) see you come on here and say "look at this chart, we got our butts kicked on this one..." "and here, looked 'picture perfect', but DAMN, sure got nailed there" ... you know, the kinds of experiences us mortal traders go through..
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Daniel,

I do post losing trades. Every single trade I give, every single day is posted on ET. I also have a number of ET members who are in my room and if I was bullshitting Im sure they would call me on it. Why don't you come in and see what we do instead of sit here bitching and moaning all the time about me.

Brandon

PS. BRL was posted BEFORE THE FACT.

 
BBC Reporting that Saddam is dead. Taking profits on all long trades into this move. Have MER and CAT. Did not have any shorts on.

Brandon
 
[10:56] <brandon> news makes for a nice day
[10:56] <brandon> :)
[10:57] <brandon> most likely with this news out
[10:57] <brandon> I will be finished for the dya
[10:58] <brandon> will see what happens
[10:58] <brandon> but this could be extremely good news
[10:58] <brandon> obviously will set off a lot of volatility
[10:58] <brandon> unfortunatly right now because the news is out
[10:58] <brandon> but not confirmed
[10:59] <brandon> all of the risk is on the buy side
[10:59] <brandon> because it priced in
[10:59] <brandon> so
[10:59] <brandon> if there is a report out that no, he is alive
[10:59] <brandon> we will sell off very quickly
[10:59] <brandon> if there is a report that yes, its true
[10:59] <brandon> it will rally some
[10:59] <brandon> but not nearly as much as if we hear it was not and it would go down
[10:59] <brandon> so at this point
[10:59] <brandon> you have to go back into the mode of a traders job is to control risk
[10:59] <brandon> and sometimes the only control you have over your risk is to be flat
[11:01] <brandon> todays trades are NQ short 1095 and covered lasts 1090.5. ADBE short for gains of 20 cents on partials and then loss of 3 to 5 cents on the rest. MER long for a gain of about 30 cents, BRL for 55 cents, and CAT for a gain of 25 cents.
[11:01] <brandon> not at all bad for a day in the office

Brandon
 
Over the next few days keep an eye on LLTC. It has a very nice 120 minute chart. Probably the best in its sector. Could provide for nice opportunity on a breakout.

Brandon
 
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