little pink circles win again 6/28/2016

I should have made a butt load of money but instead I had my head up in it. I think of 50% pullbacks of the last swing as being a great place to enter. Very simple system.  Today, it had 11 chances by my count.  Two near misses, eight wins and one loss (last trade).  A win I consider is any trade that goes a point in your favor before going two points against you.  I only made one of these trades today.  Life got in the way on a few of them but I should have taken 4 or 5 more today. I have lost some of my nerve with all the craziness of the Brexit market swings.

Chart Porn 05/04/2012

The first was the only crude trade I made for the day.  I was proud of myself from the fact I got up - fired up my charts - and took a trade I saw before I was even awake yet. Never in my wildest dreams I thought crude would totally fall apart after the jobs report. It could have been a great day for me if I had more balls.

Life Part 342 - 6/8/2007

My parent are going to be the death of me.

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Three of the four charts above were planned trades to be done after the opening. Why I am unable to trade three stocks at a time on the open is beyond me. I did get into a short of XTO and caught it well. I only wish I sat on some of all of the position until the market gave me a reason to get out. It did put in a nice bottom soon after its collapse with a couple of small green bars. That would have been the indicator to get out.

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The other two shorts I had nailed perfectly but only in the planning stage. I tried going long AKS during that first dip. I tried for a couple of minutes to get long but I just did not get filled before it took off. After that, my parents became the for front of my worries and I had to stop trading. I could have been worse. My first and only trade of the day was a good one. I have made money (not a lot) for 7 days in a row. Now I just have to make more trades and get bigger fills.

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What happened to the Steels at 1:15 est? Many of them went crazy moving 5% within 30 minutes. I could not find the story or trigger for it. I wish I was watching the markets at that time.

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The numbers Gross + 275 net +254 shares traded 2000

Mouth Roars, Reverse game 5/16/2007

Sorry for the hard to read chart but sometimes you just have to say what the F....... Whenever the Mouth on TV roars 99 percent of the time, it makes a candidate to short. There is that 1 percent which I have found it is not. That is when he recommends a new issue (IPO) or a stock that you can't short. Today's stock was ACM. On the chart, I included the previous days action to show how much power he can have sometimes.

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And when that sometimes is a really hard stock to short, you look to go long instead of short. I look at the AH (after hours) action for where the stock should open. Amazingly, the stock many times opens near where it closes in after AH or in this case 23.35 but instead it was trading at 22.25 to 22.50 (a bargin). I went long assuming I could get a pop all the way up to 23.35 or higher at the 8 o'clock stupid money rush. It did pop to 22.85 before it start to drop, so I only took 35 cents out of the trade. I was hoping that the stock would fall back to the 22.35 area to go long again into the open pop of the stupid money rush. I got my chance and went long some shares at 22.40. I should have bought 5 times more but I was stupid in my own way. The pop came and I was a little too fast in getting rid of my shares and took only 25 cents of the move.-

After things cooled off, I should have been back for more about 10 am at 22.50 to go long again.

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But there you have it home gamers - a way to play the big mouths " I can't short so I go long" stocks. This one was easy and I should have made a lot on it.

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The numbers - Gross +225, net +217 shares traded 1400

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Wife is still sick so I did not have my eye on the market the way I like too.

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Come on guys and gals - leave some good insults to get my juices going so I can beat that evil market.

A Mental Thursday - 05/10/2007

Life is being a really PITA when it comes to my trading. It is very hard to concentrate on trading when things are going crazy around you.

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I thought one of the big mouth stocks looked really good for shorting. I was not going to make the same mistake and try shorting in premarket a popular stock at a 52 week high. I waited until the open. Everything worked to plan except following the plan. I got short on the first pop right after the open. When the stock moved down quickly, I moved my stop down quickly - too quickly and was taken out on the second move up right after the open. I never got back in and you can see the results. DT hit it much better and you can get the details at his Blog Site.

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Life then cut my trading day short.

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The stupid numbers - Gross +8, net - 4, shares traded 2400

Dummy Trades or A Dummy Trading 4/4/2007

I frustrating start to a nothing day. As I stated on how I trade, one of my favorite currency plays appeared on my screen. Much to my detriment, I had not shaken the cobwebs out of my head to recognize it before it got away. If you look closely you will see in the middle of the night, USD/JPY had popped its head briefly above 119.00 twice. It then about 7:15 made a third dash over the 119.00 level peaking at 119.10 before going lower. A screaming short sell if I had ever saw one where you hopefully would fill around 119.00 give a pip or two with a target outside the bottom end of the range. A target of about 118.60 which would be just above the previous resistance level. Risk 10 pips to make 40 on a picture perfect trade. The trading Gods were in a giving mode today and my coffee was not working for me yet. Mental note - maybe I can live without sleep during the week?

The rest of the day did not go any better. I did buy MVIS in premarket and got out at 4.20 for the trade of the day along with making a little in FSLR. My biggest mistake of the day was seeing the Steels get in gear but not in a crazy way. I tried buying breakouts there instead I should have been buying dips. I pointed out IMCL in the chat room but did not take it and missed a few good calls on PXD and MON. Another day that I thought should have been good for me but has not.