Trading Journal - June

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Originally posted by Seanote
Closed 3K QCOM @ 28.85

+ .70 points
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I placed my order above the market on ISLD since the stock was gapping up to see if the market would come to me and it BARELY did then gappped back down. I was very fortunate on that trade to get out when and where I did.
 
Originally posted by Seanote


I placed my order above the market on ISLD since the stock was gapping up to see if the market would come to me and it BARELY did then gappped back down. I was very fortunate on that trade to get out when and where I did.
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wow - nice exit!
 
Originally posted by moffitt
Seanote
I did not see your pre market comments today. Do you have any for this morning or the day?
:cool:
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Sure...buy QCOM before the market opens. Actually I didn't post any but I'll have something together in a few...
 
Originally posted by Seanote


Short sale rule doesn't apply pre and post market on Naz or Listeds. You can't short Listeds after the close at a price lower than the 4:00 est closing price.
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But Nasdaq you can short on a downtick after the close or before the open at a price lower or higher from the close?
 
Originally posted by Vinny1


But Nasdaq you can short on a downtick after the close or before the open at a price lower or higher from the close?
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Yes.
 
Much like last week the market is set for another weak opening. The real test will come later today. If we get a sell off this afternoon the likelihood of a climactic sell off early next week would further increase the probability of a short-term bottom. On the other hand, a late day rally, similar to last week, would signal continued choppiness for the near term.

Two Dow Stocks to watch are Merck and Johnson & Johnson. Both have formed large tops and broke significant support level on Wednesday and rallied in yesterday's down market. Unless they continue to show strength in the next few days there is a serious down side risk for these two stocks.
 
Originally posted by Seanote


I placed my order above the market on ISLD since the stock was gapping up to see if the market would come to me and it BARELY did then gappped back down. I was very fortunate on that trade to get out when and where I did.
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Glad you came back and said that you were lucky because when I looked at the chart I thought, this guy is either 100x luckier than I've ever been or he's paper trading.:D :D :D :D I would rather be lucky than good.
 
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