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Weinstein Trading and Fading
- Thread starter Robert Weinstein
- Start date
spent much of the day trying to figure out how to save a bunch of money with last minute travel plansââ¬Â¦..not an easy task
Still trading AM and moving up my average basis. I was able to cut back on my overnight shares and I guess we will find out if thats a good or bad thing tomorrow. On the last move higher when it went above 12.20 i started to add enough shares to double my size but did not really pound on it hard as I was looking for the 12.90ish range to do that. the current closing price is my BE price so I am ending today better off than I have in the past two days.
AM + 326
OSK + 109
MYGN was bottom picking and at the close I bailed near BE + 35
MGA was a pretty good short but only made target on part of the shares, rest was stopped out + 305
+ 776 for the day / Month
+ 3446 Week
Still trading AM and moving up my average basis. I was able to cut back on my overnight shares and I guess we will find out if thats a good or bad thing tomorrow. On the last move higher when it went above 12.20 i started to add enough shares to double my size but did not really pound on it hard as I was looking for the 12.90ish range to do that. the current closing price is my BE price so I am ending today better off than I have in the past two days.
AM + 326
OSK + 109
MYGN was bottom picking and at the close I bailed near BE + 35
MGA was a pretty good short but only made target on part of the shares, rest was stopped out + 305
+ 776 for the day / Month
+ 3446 Week
Attachments
Quote from beginnerjohn:
Hi Robert
I enjoy your trading results... and of course journal
Have fun at the lake !
All the Best
John
Hello John,
Thanks for saying so. Just booked the hotels and flights about an hour ago.... What a nerve wrecking experience to try to book travel (on a budget) for two days in advance...
Should be a good trip though. : o )
Best to you
Robert
Quote from HotTip:
I haven't read through all the posts, but seeing your progression -- through blow-ups and to where you are so much more consistent now -- has been very entertaining. Congrats and best of luck on your continued success.
Hello HotTip,
Cool username !! thanks for posting. I am glad you enjoy the journal. its a lot of fun to make it and helps me reflect on my day.
have a great 4th of July weekend.
Respectfully,
Robert
Started out as a fast day
That quickly changed after getting done scalping ELN for about an hour. I still traded AM today and while I missed the opening drop I faded the move higher and then with about an hour to go I covered most of it near BE. I brought my size down to 200 shares with AM as I am leaving for nevada tomorrow and did not want to be thinking about it over the weekend. I did keep the 200 shares short as I do actually think it knows how to have a down day even if today is not it (along with the past seven trading sessions)
ELN + 732
AM + 115
+ 848 Day
+4294 Week
+ 1624 Month
That quickly changed after getting done scalping ELN for about an hour. I still traded AM today and while I missed the opening drop I faded the move higher and then with about an hour to go I covered most of it near BE. I brought my size down to 200 shares with AM as I am leaving for nevada tomorrow and did not want to be thinking about it over the weekend. I did keep the 200 shares short as I do actually think it knows how to have a down day even if today is not it (along with the past seven trading sessions)
ELN + 732
AM + 115
+ 848 Day
+4294 Week
+ 1624 Month
Attachments
Quote from Robert Weinstein:
...
I would highly recommend reading Mr. Demarks books to gain a full understanding of how I am trading.
Respectfully,
Robert [/B]
Hi Robert,
Congratulations on the awesome performance !
Could you please be specific about which of Mr. DeMark's books. He has written a number of books and some of them have less than flattering reviews.
Thanks
Still trading from the Grand Sierra hotel in Reno and had a little better day than yesterday.
Trading on a short trading day and did not get any real signals that I could make big gains with but I was able to scalp a few stocks for some gains.
FLUS + 38
DKS + 393
AIG + 160
AET + 272
+ 90 from yesterday
+ 865 Day
+ 955 Week
+ 2579 Month
Trading on a short trading day and did not get any real signals that I could make big gains with but I was able to scalp a few stocks for some gains.
FLUS + 38
DKS + 393
AIG + 160
AET + 272
+ 90 from yesterday
+ 865 Day
+ 955 Week
+ 2579 Month
Attachments
Trading today from Squaw Valley Lodge in Olympic Valley near Lake Tahoe
It sure is a lot colder in the lake Tahoe area than it was in Reno. Lots more green as well. The hotel is laid out like an apartment with lots of space so its even bigger than the suites we been staying at. The hills that people ski down look totally suicidal and I know understand how people can get killed by skiing (there is a doctors office at the base of a lift that has multiple doctors working seven days a week)
Today was a short day again as I been trying to wrap up by the time the rest of my family wakes up.
No real signals but I did scalp today for some gains.
ZN SEP + 158
TSCO + 212
AMGN + 1104
+ 1474 Day
+ 2429 Week
+ 4053 Month
It sure is a lot colder in the lake Tahoe area than it was in Reno. Lots more green as well. The hotel is laid out like an apartment with lots of space so its even bigger than the suites we been staying at. The hills that people ski down look totally suicidal and I know understand how people can get killed by skiing (there is a doctors office at the base of a lift that has multiple doctors working seven days a week)
Today was a short day again as I been trying to wrap up by the time the rest of my family wakes up.
No real signals but I did scalp today for some gains.
ZN SEP + 158
TSCO + 212
AMGN + 1104
+ 1474 Day
+ 2429 Week
+ 4053 Month
Attachments
Another short trading day
Trading today from Olympic Valley again in a short vacation hours trading.
I didnt get any signals but was able to scalp a couple of issues to make some gains in a race between my wife and me. I am trying to make more per day than we are spending and so far its close.
RIGL + 228
WYNN + 257
+ 485 Day
+ 2914 Week
+ 4538 Month
Trading today from Olympic Valley again in a short vacation hours trading.
I didnt get any signals but was able to scalp a couple of issues to make some gains in a race between my wife and me. I am trying to make more per day than we are spending and so far its close.
RIGL + 228
WYNN + 257
+ 485 Day
+ 2914 Week
+ 4538 Month
Attachments
Another short trading day (update after trading AIG)
Trading today from Olympic Valley again in a short vacation hours trading.
I didnt get any signals but was able to scalp a couple of issues to make some gains in a race between my wife and me. I am trying to make more per day than we are spending and so far its close.
I traded AIG both to the long and short side for a nice gain near the close. Scalped it both ways
AIG + 530
RIGL + 228
WYNN + 257
+ 1016 Day
+ 3445 Week
+ 5069 Month
Trading today from Olympic Valley again in a short vacation hours trading.
I didnt get any signals but was able to scalp a couple of issues to make some gains in a race between my wife and me. I am trying to make more per day than we are spending and so far its close.
I traded AIG both to the long and short side for a nice gain near the close. Scalped it both ways
AIG + 530
RIGL + 228
WYNN + 257
+ 1016 Day
+ 3445 Week
+ 5069 Month