Pair trade with Long CHKP/short SYMC started out a real dud. Letting my read on the daily chart win over direct contary evidence -- not good so...
Add to SYMC short @ 31.22
An ugly morning for me, entries were just about horrible across the board. Someone once wrote xecution is 80% of the trade, prognostication 20%...
Back in long CHKP @ 13.20
Short SYMC @ 30.80
Covered BRCM @ 20.23
Short BRCM @ 20.02
Sold CHKP @ 13 Not much lift to either of these on the bounce.
Sold BRCD @ 18.25
Add to BRCD @ 18.26
KLAC holding well -- colors me bullish, even as nq drops 19.
Long BRCD @ 18.32
Adding to MLNM @ 9.38
Long MLNM @ 9.30
Long CHKP at 13.13
Look at it from the other side, the best bounces form hard and fast (V-like reversals), while the stocks that drop quickly but then only...
Divergence trades work best at the end of trends and up to the point of an actual market turn; conversely, they give the weakest signals (in terms...
Although I tend to agree with publias, I think strictly entering on obvious R/S breaks (and subsequently setting stops at same levels) is at best...
I like to sell resistance when I think the subsequent pullback to support won't hold, and vice versa for buying support. Example from last...
Stocks like KLAC can make 3pts moves very easily on certain days, 11K on positions of those sizes on those stocks is not abnormally large. Won't...
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