Follow by Email

Wednesday, October 31, 2012

Friday, October 26, 2012

Feel like i'm so close to getting it but keep hesitating in fear

The thoughts:

SHLD - Loved the long but no mental conviction

SNDK - Strong out of gate but failed

EXPE - Fade the gap up on weakness

AMZN - Short on the big pop

WWWW - Reversion trade but miss traded

Thursday, October 25, 2012

Red day, all losers so walked away with minimal loss

BIDU - Short but moved stop too tight too early

MLNX - Great base and break but failed

MA - Looked like bottom bounce but wrong

CDNS - Lesson of the day and didn't pull trigger

Tuesday, October 23, 2012

Still hesitating on taking trades and paying dearly

MNST - Short the news but scratched trade

COH - Anticipated bounce for long too early

AAPL - Bounce play long

MMM - Base break

AAPL - Short but didn't take it

Monday, October 22, 2012

Huge day by sticking to game plan, need to pull trigger

The setups:

AAPL - Strong out of the gate

AAPL - Short at Role reversal

NFLX - The perfect pennant

BIDU - Short on push up and got shaken out

Friday, October 19, 2012

Took losses quickly, saved a ton of bank

Closed day red but only by little.  Great job taking small loss.

SNDK - Gap and go fail

PH - Gapdown bounce

PCLN - Higher low buy fail

BIDU - Short at double top

Thursday, October 18, 2012

Decent plays, good reads even though didn't end hugely green.

KORS - Looked like a B/O but failed

BIDU - Great flag for pop

MLNX - Gap down bounce play

AMZN - Tight pennant failed but missed the re-entry

Wednesday, October 17, 2012

Amazing day, still not taking all the trades i see and paying dearly.

I need to trade what i see and stick to plan.  It is paying to stay patient in winning trades and letting the bad ones stop me out with a 3:1 ratio!

AMZN - Strong off the open, missed the BIG RUN

AMZN - Long off flag

AMZN - Short off Higher TF Res

AMZN - Textbook long bounce

SIFY - Long off great pattern but not patient enough to sit in winner

IBM - Gapdown held so long

POT - Took out intraday highs off strong bounce

CHKP - Short the weakness

URI - Great lesson on buying gapup pullbacks

Tuesday, October 16, 2012

Another big red day as stopped at max pain near lows

So easy to see hindsight that stopped out near lows for max pain when should either stop earlier and re-enter or wait for a few.

If stuck to targets on actual trades, would have ended day green.  If took PT's as well, would have been green over +400PT.  Let trades work, re-enter if stopped but sets up again.

XEC - Strong out of gate, stopped but missed obvious re-entry

SPRD - Why you must let winners run

GS - Study your mistakes.  Too big of size and to big of stop and didn't re-enter on setup

DE - Gap up and hold

ACI - Great tight flag on daily, looked ready

UNH - Perfect rollover but turned into flag

AMZN - Perfect shake out on long that caught me

WYNN - Missed B/O

AAPL - Lesson of the day on buypoints

MUR - Amazing entry but sold early.

Monday, October 15, 2012

Need to work on sizing vs risk and to pull trigger

Small green day but missed huge PT gains.

BIDU - Strong out of the gate but took off 1/2 of actual target

XEC - Looked great at open but using stop saved BIG pain

CYCC - Memorize this bullish pattern