Bankrobber

Thursday, July 29, 2010

After being stopped out by.01 on a TNA short a few minutes before I take it short again

TNA short

cover TNA , taking profits as markets stalled

I wasn't quick enough to catch the previous drop and pop but kept watching FSLR for a short entry signal. Declining volume, shorter candle then a doji was it.

FSLR short

cover, take profits FSLR

AMZN, a sequence in timing

AMZN weak so i short it...

add size, then cover and go long but thinking it won't last...

sell the long...

take it short again where I feel the real trend is....

add size since the trade is going my way.

and finally, cover taking profits

ESRX what are you doing screaming upwards when the markets are crashing? Well I'll join in long ...

sold ESRX and short it...

added size

cover ESRX

Wednesday, July 28, 2010

If you've read Reminisces of a stock Operator you'll remember one of his favourite long plays was to enter a stock that was breaking "par" or even $100 lots and profit from the added momentum of breaking this psychological barrier.

I have found the same true when shorting the $100 mark. While NFLX was profitable , it didn't drop too much and I also gave up a bunch on the first short, long sequence by holding it instead.

NFLX short entry

NFLX cover

Good fun any way you slice it tho.

Short the pops

TNA was trending down slowly during the day so an excellent time to short it is right after it pops. Notice declining volume, shorter candles.

TNA entry

TNA cover

Tuesday, July 27, 2010

Profit taking revisited

When momentum trading

it is imperative to take profits when they are offered up to you. A technique I employ is to take profits whenever there is a big candle. I classify a big candle as one that is as large or larger than ones before it that day. I am ready and waiting to execute. Now do it dozens of times a day.

TNA entry

TNA exit on big candle

MNTA entry