Marketgeometry

Friday, July 20, 2012

The weeks results and some chart porn 7/16/2012-7/20/2012


Monday:
The only trade was where I tried to go long crude after it took out Friday's high. It pulled back and I got stopped with about $30 gain.

Tuesday;
I first had the below crude trade.  This is about my favorite setup. I tried the Dow futures later and got stopped for a small gain.

 Wednesday:
I tried crude a couple of times.  Again another one of my favorite trade setups.  Crude report causes crude to drop fast against the major trend - then it recovers and it takes out the high/low of the news move and you go with it. I had one stupid stock trade for a small loss.

Thursday:
I had played around with crude again and got stopped for a 10 cent lost. If i had an 13 cent stop which looked smarter on the chart - i could have gained 10 to 20 cents on the trade.  i was a little pissed so when news came out and tanked the market - I jumped on a short to make up for my loss.  A stupid way to trade.  I messed around with IBM and broke even.


Friday:
I tried a couple of stupid stock trades and lost $50 bucks. I could have made money if I could have only typed my stop loss order in correctly.  No futures today but my options I had sold against a swing position expired worthless today and I banked the entire amount.
=======================================
Dow futures: +111.12
Crude Futures: +283.64
Stock trades; - 68.20
Sold Call Options: +246.37
=======
Net: +522.93
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If I could have typed better and took a 13 cent stop instead of a 10 cent one - it would have been a plus 1000 week for me. Anyway - this week I did more trading than I had done in one week for a long time.  I hope I am getting back into the swing of things again.  At least that is what my broker hopes for - lol.

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