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Hi Robert
I'll get very, very busy soon... so bye and sincerely i hope the best for you!
p/s .. remember ~~~ is water (soft yet strong) Not handle lol.
Ok, thanks
Best to you as well
Weinstein Trading and Fading
- Thread starter Robert Weinstein
- Start date
Ok, thanks
Best to you as well
One small trade today
I made one gap up trade today in the open that was executed perfectly and exited perfectly based on the rules of the trade.
I did keep the share size small and I could have traded it larger but flawless execution is what I was focused on.
EXPD + 90
+ 90
I made one gap up trade today in the open that was executed perfectly and exited perfectly based on the rules of the trade.
I did keep the share size small and I could have traded it larger but flawless execution is what I was focused on.
EXPD + 90
+ 90
Good job Robert, however, you need to trade like this all the time. I was in a trade yesterday when my indicators reversed, so I got out at break even since the trade no longer made sense. Today was good for me, I took a long trade against the trend, but gave it enough room to run, and made a profit.
Short trades would have been good for me earlier, but I was not there to see them, and did not have a good limit sell order in over night which would have been a good idea.
If you make a mistake and don't like a trade anymore and you know you made a mistake, its best to close it. I had 1 more trade today it was a short and this time I thought it was in sim since I was done real trading. I realized it was in my real account, and closed it for a slight profit even though it would have made more money if I left it alone. However, it was not a trade that I was planning on making so I closed it.
Short trades would have been good for me earlier, but I was not there to see them, and did not have a good limit sell order in over night which would have been a good idea.
If you make a mistake and don't like a trade anymore and you know you made a mistake, its best to close it. I had 1 more trade today it was a short and this time I thought it was in sim since I was done real trading. I realized it was in my real account, and closed it for a slight profit even though it would have made more money if I left it alone. However, it was not a trade that I was planning on making so I closed it.
Pretty busy day today
CAGC gave me a WW daily sell signal. It moved against me and I took a stop. I did trade it one more time when I received the signal again and was stopped out for a second time but the second stop out was slightly better than BE. â 164
APKT gave a B8 short signal and was stopped out early before target during a retrace. Almost entered back in but it really isnât part of the rules as I was fully out. + 41
DLTR gave a B8 short signal and I shorted it at 54.80 the dead top of the move. It then spent over an hour near my BE point and then started to move higher. I faded the move higher but was not very aggressive when I received the second short signal but did add to the trade. DLTR floated for the rest of the day near the second point and I started to cover a small amount on the down moves and shorted on the moves higher. In the process I raised my basis and realized a small loss but also lowered my risk. Carrying over to tomorrow looking for either a bump higher at the open which I will fade or a open lower which I expect to cover with a gain. â 79
- 203
CAGC gave me a WW daily sell signal. It moved against me and I took a stop. I did trade it one more time when I received the signal again and was stopped out for a second time but the second stop out was slightly better than BE. â 164
APKT gave a B8 short signal and was stopped out early before target during a retrace. Almost entered back in but it really isnât part of the rules as I was fully out. + 41
DLTR gave a B8 short signal and I shorted it at 54.80 the dead top of the move. It then spent over an hour near my BE point and then started to move higher. I faded the move higher but was not very aggressive when I received the second short signal but did add to the trade. DLTR floated for the rest of the day near the second point and I started to cover a small amount on the down moves and shorted on the moves higher. In the process I raised my basis and realized a small loss but also lowered my risk. Carrying over to tomorrow looking for either a bump higher at the open which I will fade or a open lower which I expect to cover with a gain. â 79
- 203
Hello Oracle,
Thanks
Yes I agree. First thing for me is to not take a trade unless it is part of the plan.
Today was negative but was part of the plan.
Best to you for the rest of the week
Robert
Thanks
Yes I agree. First thing for me is to not take a trade unless it is part of the plan.
Today was negative but was part of the plan.
Best to you for the rest of the week
Robert
Goodness you sure play a risky game! Daily, weekly, monthly momentum up, daily gap up to new highs on massive volume, 15 min triple base on 55.40, trendline support on 15 min still holds, 30 min selling overwhelmed with buyers.
On the positives for a short: the 15 min vol last bar but against that is everything bigger and serious support on 55.40.
Good chance for a gap up and run continuation.
Risky hero trading shorting run away strength. The gap up with such long term momentum gave a 2 min buy that was low risk for massive returns. Hero's fight trends. Sorry but doesn't bode well for 2010.
Slow day of mostly trading DLTR
Thinking that DLTR may move higher in the open due to the Cramer effect I closed out of about half of it in premarket near or better than the close yesterday. I donât know actually what caused the spike but I guess I was correct about the spike. I did short some more into the the move higher but very little and just used the moves up and down to lower my short size. I could have exited near break even but I am holding a small position with the thought of a retracement is in order. I did take realize a loss with DLTR but ended up today in better shape that I was in at the close of yesterday. Unless tomorrow is a big down day I expect to cut my size in half and let the rest sit looking for a down day. Of course if market conditions change that plan might also. It is pretty rare that I take a loss with my B8 signal and this one is not bad. Plus a down move tomorrow and this may turn green. â 269
One other trade today with DPS gap up trade small size and even with its fake out causing me to cover it was still a good trade. + 84
- 185
Thinking that DLTR may move higher in the open due to the Cramer effect I closed out of about half of it in premarket near or better than the close yesterday. I donât know actually what caused the spike but I guess I was correct about the spike. I did short some more into the the move higher but very little and just used the moves up and down to lower my short size. I could have exited near break even but I am holding a small position with the thought of a retracement is in order. I did take realize a loss with DLTR but ended up today in better shape that I was in at the close of yesterday. Unless tomorrow is a big down day I expect to cut my size in half and let the rest sit looking for a down day. Of course if market conditions change that plan might also. It is pretty rare that I take a loss with my B8 signal and this one is not bad. Plus a down move tomorrow and this may turn green. â 269
One other trade today with DPS gap up trade small size and even with its fake out causing me to cover it was still a good trade. + 84
- 185
Hi Robert, I have been following your journal lurking without posting for a while. I just can't help but say something at this point, it is painful watching you throw your money away. Xspurt is right, I pulled up the charts for DLTR and looked for myself, there is nothing anywhere that says short on 2/24. When I first started trading I blew out my account doing exactly what you are doing, SHORTING IN TO MOMENTUM! Quit trying to swim upstream and go with the trend. Yesterday you were looking short as DLTR was bouncing off of the 20SMA on the 5min chart, Red on the chart. Today there was a buy as it was bouncing off of the 15min 20SMA. I projected the 15min 20SMA on to the 5min chart, the blue line. I would have been looking to buy on a stop around 55.75 after the close of the 10:15 bar. It was also a buy on the 10 minute chart above the close of the 10:10 bar. Look on the one minute chart, price took off at the open of the 10:16 bar, at the start of the new bar on the 15minute chart. The trend is your friend is a very true statement.