For those wondering what kind of trades I am usually after (not always obvious from some of the horror stories I post), here is a good example: This was a quick short of XHB. Opened the short position on 10/30 at 22.28 and closed it on 11/06 at 20.85. This is only a point on…
You cannot always just gloat about the good trades and setups and leave out the absolutely horrifying embarrassing mistakes out or that would not be fair. This is by far one of my worst trades EVER. It was a good setup which I screwed up. Do not get wrong, some trades are bad because the…
There is nothing I hate more than turning a winner in a loser. I have to get into the habit of moving my stops every night to prevent this from happening. I was still running a chance of losing but I would have lost less. I picked up MATK on 8/31 at 27. I had…
My entry was at 68.29, a little too high for today. Signal pretty good on chart. Just broke past recent high. We had a recent downtrend which seems to have formed a double-bottom. Past few days had the price in range around the previous support/resistance levels and it seems we finally broke out. We will…
RADS – in @14.92 Friday, August 17, 2007 5:46 PM Hats off goes to the good people at http://www.stocktiger.com for the tip. RADS triggered early today, around 10am. I miss the first triggered and when I noticed it, it was down. I waited for the impulse to turn again and picked it up around noon…
I don’t usually like to start long plays on friday but I’m trying HAYZ and MAT.
Here is a short report of my weekend homework. This was really down week on most markets. All my impulses are giving me reds right now. In active markets like this past week, I have a tendency to stay on the sidelines a bit and watch how it plays out. I know for a lot…
First a quick peek at the market impulse table: note: .DJI, .IXIC and .SPX are the Reuters symbols for Dow Jones Industrial Average, NASDAQ Composite and the Standard and Poors 500 Index respectively.
Here is a report of my weekend homework. First, the bird’s eye view of the markets: note: .DJI, .IXIC and .SPX are the Reuters symbols for Dow Jones Industrial Average, NASDAQ Composite and the Standard and Poors 500 Index respectively.
MCD (McDonalds Corp) is featured on Wallstrip today. I wanted to send this out earlier but the day took over the schedule. MCD has been trending up since early in 2003 and on 01/17/2006, MCD hit its 260 days high of 45.06. After a short correction, the price is now re-testing that last resistance, currently…
