Words from a Pink Floyd song rang threw my head - "If you don't eat your meat - you can't have any pudding. How can you have any pudding if you don't eat your Meat!" Translated - "If you don't enter a trade - How can you make any money. How can you make any money, if you don't enter the trade!!!!!"
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Four Big Mouth stocks and this is how they should have been played.
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First TSRA - short on premarket popped at 43.95, stop at 44.40. Quickly after open stop moved down to 43.90 and stopped out (break even). Later at 10:30 go long for a gain.
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Second GLW - go short on open 27.10, stop at 27.40. Follow stock down for a nice gain. No Heat.
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Third TOT - go short on open 83.05, stop at 83.75. After open moved stop down and get stopped out for a break even trade. Later around 83.05 go long for a half point gain.
Third TOT - go short on open 83.05, stop at 83.75. After open moved stop down and get stopped out for a break even trade. Later around 83.05 go long for a half point gain.
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Forth CY - go short get stopped for break even. Go long and get stopped for break even.
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So you play TO and TSRA with 1000 shares and CY and GLW with 2000 shares. Net in my mind should be about $1700.
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I on the other hand only got the TSRA trade filled at 43.95 and made $25. I tried getting short CY at 25.70 on a opening pop but it never happened. So dummy me. I did not get any of MT's trades off (all small winners this morning) and I screwed up one of Gary's trades with a stop too close. On top of that I played one of my steel scalps and and lost. If fact lost bigger than I should because for a moment I forget to put my stop in.
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The numbers:
Stocks - Gross +54.50 Net +39.50 shares traded 3000
Stock Futures - none
Forex - none
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