I'm drawn to short AAPL again like a moth to a flame...

AAPL

I wasn't quick enough to catch that 2nd AAPL drop. I'm covering after an hour later of drifting.

It is worth watching though

Where theres smoke theres fire

Looking at AAPL this morning. Unusual drop. Somebody knows something. I'll short it on the possibility that the drop was not an accident. If I'm wrong I'll take the loss.

NFG

In light of what NFG did yesterday, I practiced a little patience and let it run. Now I'm getting out while its still rising

NFG entry

add size

NFG exit

TNA TZA sequence

TNA and TZA trade the same, only in reverse. I use them to gauge and confirm one another.


TZA sell

TZA buy

TNA short

TNA cover and

go long

TNA sell

SINA limmerick

With a buy signal so clear,

It had the potential to go far,

SINA was giving away dollars,

Faster than a drunken millionaire,

In a Las Vegas titty bar.

More timing and pullbacks

Despite its call letters NFG was anything but "No Fucking Good". It was a stellar performer.

I was late to this trade but shorted it at the top after it put in massive volume.

and covered it down here.

After playing the SVNT pop and shorting the pullback, I went long again right after and got stopped out when it fizzled. I thought to myself if I was the ones that wanted to acquire this stock I'd wait until the markets were going down in order to disguise my buying(if that was the reason for the big pop earlier). So I waited. When the markets did a feeble pop then moved down SVNT popped up. AH ha!

Soon a nice little trend developed

SVNT exit

Timing

I bankrobbed more than $1 on the rocketship up in SVNT.

Sold and shorted here

covered $1 lower, now looking for the pullback to end and the force that made it jump up before, to take over again.

Pops and pullbacks

Optimum times to enter stocks that are moving is when they pop or pullback contra or with the real trend. The risk is minimal when you can time it right. Your job is to wait for it to tell you it is time by the way they move. In each case set the stop just under the range of the previous candle.
1st chart NZ pullback after big pop

2nd chart NZ running away now, we are way ahead of the crowd

TNA popped a bit after showing much weakness

TNA resumed its downtrend

money is being made with almost no risk involved.

TZA pulled back after moving higher strongly

Stop was sniffed at but not hit, TZA lifting again. We are sitting pretty.

Game plan

Due to market conditions my game plan for the past little while has just been to scalp TNA and TZA during the day for .20 gains or whatever and then position myself for the last hour of the day low volume run up. I'm happy to do that as that is what the market is giving right now for the most part. However there are still stocks that run and present classic patterns to trade that actually follow through for multi dollar runs. Today SINA was one of those. Yesterday it was SVNT.

Watch the new highs/lows ticker and keep you eyes open for opportunities like these and set a stop so that if it doesn't follow through you can keep the loss small.

Trading is tuff these days, I wouldn't want to be a beginner trying to learn the ropes but if you can adapt and apply your system and edge successfully now then when or if the markets return to "normal" conditions it will all seem just too easy. Meanwhile bide your time and practice on the areas that need work.

1st chart SINA ascending triangle break to new highs

2nd chart SINA, sell into all the buying frenzy.