Tuesday, June 29, 2010


cashing out a couple of minutes before the close


TSLA entry















TSLA exit


and finally CLF

CLF short entry

















CLF exit

TNA was another one



TNA short entry















TNA exit

VXX was another long termer today that paid off


VXX in
















VXX out

QLD dragged on slowly but was profitable


QLD short














QLD cover
the benefit of jumping on the bounce rightway and not waiting is that I am either stopped out immediately with a small loss or I have a big advantage on the momentum. Market looks very weak so I'll exit RIMM here taking a small profit

my patience in RIMM was rewarded

RIMM short entry

















cover RIMM piledriver, looking for bounce

How to add size



So i waited for TSLA to pullback and now i am long again. stop is under the big green candle low.

The prevailing wisdom is to scale out of a position. I think that is wrong. My way is to add to the winning trade until momo slows. That way I am maximizing the opportunity I recognized and acted on.









TSLA shows me a flash of green so I add size. my supposition looks to be correct














as TSLA moves above the price it stopped at I add more size














markets are falling strongly, I'm very profitable so its time to sell TSLA.
I'll keep an eye on it for moves to new highs though

Nice trade in TSLA

TSLA made a new high, i waited for a pullback, to get long















established a poistion and added to it.
sold out when things started to get jumpy. i.e. when the traders who were kicking themselves for not buying sooner finally could stand it no longer.
its always a good place get out then and wait for a reaction