Weinstein Trading and Fading

I did a large amount of my trading in afterhours

I closed out the rest of FINL with a small loss as I covered as it moved lower. I did short a small amount on the opening pop higher but did not want to go to far out. All in all a good ending to a bad mistake. – 165
CYD was a long looking for the move higher into the close. I took two tries at it during the day getting stopped out the first time and with about five minutes to go I closed it out so I would not have to carry it over. Right about the time my order closed out it started to move higher and then broke 18 (I was long at about 17.95) + 17
ELY news + 8
spoos futs, the SPY broke to the upside and I tried to go along for the ride but it was choppy for about an hour and closed it out. +7
OXM was my ‘big’ trade of the day. I only traded a few shares but traded it twice. It reported pretty good earnings but the street didn’t like the forward guidence and it sold off. I faded the sell off and made a little on the first and what I thought would be the only trade with it. Someone decided they no longer wanted to own OXM and they had size to sell. It moved the price from 21.75 to under 20 in about five minutes or less. I bought on the way down and actually bought at 19.79 which up to now is the low in afterhours with a very quick bounce higher and I covered for the majority of the gain. + 284

+ 152
 
Made money today but not my best day of trading

I could have done better with the spoos and RDC. Avoiding ES would have been the right move and not trading RDC a second time would have been the right move with that.

ES Tried to get short when Obama started speaking and the spoos where making new lows for the day. Went in late and shorted near the bottom. This one usually works pretty well (I think this is the first time it didn’t and the loss is not to bad) but I need to be ready before he speaks. – 75

DHR gap up BW1 worked out well + 46

LULU gapup + 3 trade. Faded the open and it moved further than expected and I should have added a lot of size above 42.36 as I received an intraday overbought signal as well but I only added a small amount and the whole trade was small. + 137

OXM Went long during the retrace and stopped out. It went all the way back to near the open so I was glad I walked when I did. + 3

SAI aftermarket fade. took a stop when it would not get back over 18. + 3

RDC rushed into this one. I would have loved to have put some size on this but the move was very fast and I ended up hitting some bids just to get short. Turned into a great trade. Made way beyond target and was really happy. Then I tried to trade it again and went long at the top of a move and reversed and went short at the bottom of the next move. I really don’t like it when I buy high and sell low. It also cut my gain in about half so it was all around a tough one after the first gain. + 129

I made money but it was a weak performance today.

+ 243
 
Well I made it. I made a lot changes in the last half of February and they have paid off. My trading is about as good over all as it has ever been and while I have had a few bumps on the way this month including yesterday I feel my game is better than it has ever been. I made have made more money first quarter last year but I feel that this year will be my best.

Good end to a good month

Today started out with ARQL and I traded it a few times today. I started out long at the open then went short where I made the bulk of the gains and then went short in small size a couple more times including near the end of the day. I also traded two IPOs SSNC and MERU but did not like the price action for either and quickly left both. To top off the day I even had two after hours trades. MU and RIMM. I was looking at and continue to look for another short entry in the 30 year bond futs.

ARQL gap up long and fade. I traded a lot of shares with this one too as I scalped while maintaining a core short on the way higher. especially in the 7 price range as I was shorting above 7 and buying back at or near 7. this went on for a while while the stock was up over 100% + 949

MERU IPO stopped out once and lost interest. + 30
SSNC IPO stopped out once and lost interest with this one as well. + 1

MU afterhours long and short + 80

RIMM, Rimm dropped hard after the close and I missed the bottom with a bid that was only about 30 cents below the move. I didn’t think anything much more for it until they came out with good forward guidence and I thought that should lift the stock. It did but then came back out and I was stopped out with my long. + 18

+ 1080
~ + 5500 Month
 
Robert,

I have been following your thread on and off. Am happy to see you progress. If you don't mind sharing, what is the account size you are trading now ?

Happy Trading to you!
 
Hi Trade,

I currently have 25K- 75K in the account and I am up for the month but I am also down for the year. A few times at the end of last year and this year when I was hitting my head against the wall I pulled out capital so the numbers may look a little skewed. I may start putting capital back in the account next month or in May.

I took a day off in February and made some changes in my mental attitude and I have been consistently profitable again and expect I will continue.

Thanks and best to you

Robert




Quote from traderhf:

Robert,

I have been following your thread on and off. Am happy to see you progress. If you don't mind sharing, what is the account size you are trading now ?

Happy Trading to you!
More...
 
Quote from Robert Weinstein:

RIMM, Rimm dropped hard after the close and I missed the bottom with a bid that was only about 30 cents below the move. I didn’t think anything much more for it until they came out with good forward guidence and I thought that should lift the stock. It did but then came back out and I was stopped out with my long. + 18
More...

I watched RIMM after hours. It was a random number generator whose price struggled mightily to even stay in view on the DOM. Tell the truth, Robert: You closed your eyes and clicked randomly and when you were done $18 was in your account :p
 
Quote from NoDoji:

I watched RIMM after hours. It was a random number generator whose price struggled mightily to even stay in view on the DOM. Tell the truth, Robert: You closed your eyes and clicked randomly and when you were done $18 was in your account :p
More...

Its funny you say that NoDoji,

I was saying to Colin in the chat that we could either go long or short and put the cover 50 cents away and make money......
 
Tough first day of the month

It started out fine enough. I traded a few and made some and lost some but I was short RYAAY and I started to close out as it was just not moving. I am glad I did close some out as I took a small gain with it and then it was upgraded from a hold to a buy and this normally pushes up a stock just a little and then it settles back down. I Tried to fade the move but it kept moving higher. Knowing that this often is the case with gap up stocks that they will close near the HOD I stopped adding aggressively when it went above 30 and even covered some at a loss as I tried to work around 30 but it moved up beyond that and did not see 30 again for the rest of the day. With about 10 minutes to go I added some size looking for a pullback in the closing minutes and it only dropped a small amount and came back up.

RYAAY holding some underwater looking for a pullback on Monday + 24
F news + 10
GENT news + 14
PEIX news – 16
PRI IPO stopped out + 7
RDEA gap up but I was late with it so I only shorted 100 shares + 49
RIMM tried to go long during the morning and was stopped out even

+ 90
 
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