Wednesday, July 14, 2010

when i covered VVUS i bot some and added some more, sold into the pop
easy


VVUS

TSLA again making new highs when markets show red candles so smart play is to take whatever $ there is now



TSLA in













TSLA out

short and cover TNA QLD they didnt do much



TNA














TNA out

VVUS was a target of opportunity



VVUS short















cover VVUS

thats ehough of a bounce for me, Il take it in TNA QLD VXX

here is TNA
















TNA out


15 minute doji was signal to cover QLD

















QLD short

















QLD cover


15 minute doji was signal to short TNA
















TNA short

















TNA cover




taking a few profits for no other reason than just because its smart to do it


VXX long













sold VXX
















ERX short















ERX cover

bot TSLA


















with markets showing big red last place place I want to be is long something so sold TSLA

short MOS




















cover MOS after the trade bots really fucked someone

bot ABX



















stopped out ABX

I was hanging about RIMM when it popped a bit so I bot some

















sold RIMM after a bigger pop

Playing the laggards



Another arrow in your quiver of trading techniques is to play stocks that are lagging behind others in the same sector.
I'm short ABX and it is dropping nicely, however GOLD is making new highs. Checking other gold stocks and they are all going down. So it is a high probability that GOLD will follow once the tricks stop. Waiting for that moment and short selling it brought a nice profit.
1st chart GOLD short






GOLD cover

short ABX



















cover ABX
bot TSLA on the pullback , it fizzled and I got stopped out


TSLA

bot RIG


















sold RIG

bot TSLA


















sold TSLA

bot ABX


















sold ABX

caught a little dip on RIMM


RIMM short
















RIMM cover