Weinstein Trading and Fading

[Robert Weinstein]

Quote from improve:

Very interesting and different trading system! Thanks for the thread!

May I ask what is your total % return this year? I am new to this thread and may have missed some info you mentioned earlier.

Thanks and good luck!

Thanks for the kind words and like most traders I am a work in progress.

As of the end of the second quarter The account is up a little bit more than 25% for the year.

 

[Robert Weinstein]

swing trade alert.

Looking to go long ELX at around the 10.50 area for a swing trade

 

[improve]

Nice return for the year! Keep up the good gain and posts!

 

[Robert Weinstein]

really a slow day. did scalp a little bit but no real trades other than fading a gap with QLGC which did alright.

Will wait and see if ELX opens lower tomorrow and perhaps go long as it appears oversold by a small amount.

Also looking at adding to my long with GE

+ 575 for the day
- 2028 for the week
+ 4336 for the month

 

[Robert Weinstein]

Quote from improve:

Nice return for the year! Keep up the good gain and posts!

Thanks for the post and for the well wishes. I promise to do my best....

Best of trading to you as well

Robert

 

[Robert Weinstein]

Trade alert

Went long ELX 4@ 9.92 and bidding for more at lower levels.

I expect this to be a swing trade with a 60 cent profit target or higher.

 

[Robert Weinstein]

Long 2 more ELX now ave 6 @ 9.88

 

[Robert Weinstein]

Ended up closing out ELX today when I thought it would be a swing trade. It moved up strongly right after I bought it.

+ 374 for the trade
S:C7

 

[Robert Weinstein]

What a great day. Everything either went my way or better.

The long signal i received with ELX which I thought may kick in yesterday kicked in today and it went straight up after I bought it.

Lots of scalping fades to keep me busy and none went too far against me.

Not a record but a large amount of shares for me traded today. around 24K shares

PPC + 936
FRE + 509
LEH + 845


ELX was the only real trade and that didnt last long
+ 374

+ 2664 for the day
+ 636 for the week
+ 7000 for the month

 

[Robert Weinstein]

Great day of trading. My fades proved to be very profitable in this market.

while I didn't get a signals to trade I was able to make progress by scalping during the day.

Second day of trading FRE in a row and the best symbol of the day.
+ 1945
HPC + 155
LEH + 834
XL +670
HIG + 77

Have been watching ELX and will be watching it on the open Monday for a ralley (dead cat bounce maybe)

+3681 for the day
+ 4317 for the week
+ 10681 for the month