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

Reverse Livermore attempt

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

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

MNTA exit on big candle

Old but good link

Trader- The Documentary

http://www.marketfolly.com/2009/07/trader-documentary-paul-tudor-jones-in.html

See ya later....

I'm done posting for a while, I'll leave you with a couple of beauties from this morning.
short TNA

cover TNA

short BP

cover BP

shorted and now cover RIG

sold BP

sold RIG

bot RIG

sold 1/2 RIG, hold the rest

bot BP

sold 1/2 BP, hold the rest

Another rocketship play.

Wait, wait , wait then jump in and aggressively buy the pop.

Then get out before the music stops.

You don't want to be a bagholder. It is shortable too...

ID in

ID out