A 70k bet that I can't make a 50% gain in 2009

By the way i don't think R.W journal would fit the above..his is more inspirational in what great rewards could be achieved with his DeMark type of trading
cheers
john

cheers
john

 

5/18/09:

3:20 2000 AMGN SHORT 49.14
STOP 49.24
TGT 48.94

 

IBN was 500 shares, not 800...typo, sorry.

 

Yes, only time I may take a $300 loss is a HUGE slippage, or mistake in placing the order (been there...done that)..but IBN was only 500 shares..my error in entering here.

 

EXIT QID 37.52
P/L -207.83

 

EXIT SKF 43.38
P/L -222.58

 

EXIT AMGN 49.24
P/L -208.44

 

Tough day to be swimming against the current playing the short side.

 

+1 ; Really tough day. Banks upgraded each other and market rallied.

 

concur!....As I have stated before, I enter each day with a bias...and today I had a strong sell bias.
Bias was wrong.
At least I took patterns/trades that were in my plan.