Weinstein Trading and Fading

Quote from JB3:

It's been a rough month.

The thing is that you can trade mostly anything when there isn't an overwhelming news driven event. When that happens, and you are caught on the wrong side of it...there is no trading out of it.

But that's mostly just luck, and it can happen to anyone.
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Hello JB3,

Yes I agree. When you fade trends often enough, once in a while your gonna get your face slammed into the sidewalk

Thanks for your post and have a great weekend.

RW
 
The last couple of days I have been sick with the flu and I have a pounding headache that reminds me to be thankful for those days I am healthy.

I even went home early today as I just was drained and it didn't look like I was going to get any trading signals.

I went home and setup my remote desktop so that I could still trade if a setup came along but none was to be had.

While I didn't trade any setups I did have some options that expire today and so I added to my LVS holdings, closed out of my USO holdings and stayed even with GE.

I do book the gains for options that expire normally on this day of the month (when I remember to as I forgot last month)

USO 25 covered + 114

LVS 5 call + 164

GE 14 Call + 163

USO March 25 Put needs to be added in. + 596

+ 1037 Day

- 19290 Week
 
Quote from Robert Weinstein:

I woke up this morning with 104 temp and that was not the worst thing today.
I came back from spring break weekend at a waterpark. I
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Dude, don't drink the water next time:p
 
First day back in the office without feeling totally dead.

[More...] I was still dragging a bit as I came into the office but much better than I was last week. The day ended with the dow surging up about 500 points to close out the day.

I started out the day on the wrong foot and shorted PCZ which turned into a loser. Holding longer would have turned it into a winner but the risk didn't seem worth it. - 782

RHT, H, B6+ was a good trade + 2547

NFLX is starting to cross over into overbought longer term so I shorted 4 APR 47.50 calls @ .75 each.

shorted into the close

NAV H,

WDR H, B6+

+ 1765 Day
 

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Nice to know you feel better.I do not know days when market is up big ,like today .i find hard to make money.This is the big problem,because 95% of the time I do shorts only.
 
Quote from jack8031:

Nice to know you feel better.I do not know days when market is up big ,like today .i find hard to make money.This is the big problem,because 95% of the time I do shorts only.
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Hi Jack,

Thanks for the kind words.

I would guess that you short based on weakness and I can see where a day like today would be tough. I don't normally short based on weakness but rather when a stock is overbought so days like today are a net positive event for me.

You should join us in the chat if your mostly shorting as many of us in there usually short. If your interested PM me.

Best to you

RW
 
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