Monday Trade Review 6/9/2008

Sorry for the late posting but everybody under the sun wants to talk to me.

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This was my best day yet trading using the method I have been working on for over 6 months. I can only hope it is a sign of things to come.

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I post a few charts but I am asked about my trades so here goes.

1) sold short 200 of XIDE premarket - perfect in perfect out - chart in the Big Mouth Post.

2) sold short 200 of XIDE - good in and I left some on the table. XIDE gave another entry a little later.

3) long 100 of OXY - got bored and sold - the stock soon after runs over a point - crap.

4) short 300 of IR - got bored and sold - really stupid - the stock spends most of the day falling.

5) long 200 of AKS - quick in and out - nice small profit - chart above.

6) short 500 of RIO - f-ed up order - got out with small profit - chart above.

7) short 800 of RIO - very good trade - chart above.

8) short 200 of NUE - quick in and out - nice small profit - chart above.

9) short 500 of RIO - had a profit but did not move stop down while watching NUE - chart above.

10)short 500 of RIO - looking for late day break down but it does not come.

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I had 3 trades where I could have made so much more ($800) but I made money on 9 of 10 trades. This is how I want to trade. Make 10 trades a day where 4 are small winners, 4 are small losers and two are nice gains and average $500 a day.

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I would be in heaven.

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The numbers:

Stocks: gross +508 net+472 shares traded 7000

Stock Futures: none

Forex: none