i will be interested in what the pundits say and the general feeling of the markets if it breaks 1040 or 1000 here. stay tuned story is developing...

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