Trading Journal - June

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Originally posted by FasterPussycat
seanote, you nailed TYC at the bottom right at the reversal. how did you do it??
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After the quick gap down there was more than likely going to be a short covering happening very quickly. After I saw some stabilization on the 1 min chart I figured the stock would gap up quickly. When a stock stabilizes after a gap down like that you want to put in a tight stop on your long position in case the price breaks thru the mini support.
 
TODAYS EXECUTIONS:

15:20:44 TYC BOT 3000 10.20
15:13:49 TYC SHRT 3000 10.50
15:03:03 TYC SLD 3000 10.50
14:59:39 TYC BOT 3000 9.51

OPEN POSITIONS:

NONE

CLOSED P&L: $3,870 OPEN P&L: $0
MTD: $10,670 YTD: $213,944

See everyone on Monday.
 
Nice trade at 9.51

I know the Specialist wasn't filling too many orders down there for retail customers - you musta got real lucky

someone else i know put in an order to marketable limit order to buy at 10.50 when the stock was printing 9.45 and got filled 1 point higher.

Uncanny
 
I still get a kick out of Seanote's reply to nitro in his May journal when asked why he shorted QCOM. Seanote's reply:

"I wanted to make some money."

Seanote, thank you very much for going through the effort to post all of this. It's great to watch a master at his craft.

Thanks again.
 
Originally posted by mbg
Nice trade at 9.51

I know the Specialist wasn't filling too many orders down there for retail customers - you musta got real lucky

someone else i know put in an order to marketable limit order to buy at 10.50 when the stock was printing 9.45 and got filled 1 point higher.

Uncanny
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other uncanny things...short MO before had news hits...long MERQ before a wild spike to the upside...

Fortune favors the bold.
 
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