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

out -0.30

slipped 3c on the way in, 1c on the way out

 

14:48

LONG GENZ 41.21
STOP 41.11
TGT 41.41

 

stop to b/e

 

out genz +0.2

 

<img src="http://puddles.humanfund.ca/20100602/spy.png">

<img src="http://puddles.humanfund.ca/20100602/amzn.png">

<img src="http://puddles.humanfund.ca/20100602/genz.png">

9:50

SHORT AMZN 121.99
STOP 122.25
TGT 121.47

- SPY and AMZN gap up
- SPY drifts downward, AMZN puts in a big red bar showing relative weakness
- short the lower high and below a nice round #
- out -0.30 with slippage both ways..

14:48

LONG GENZ 41.21
STOP 41.11
TGT 41.41

- GENZ quite strong in the afternoon
- GENZ looks like a daily long
- Long over higher low
- out +0.20 in a painfully slow manner as chops for the first 20 minutes.

1-1 today.. Sized the GENZ trade too small because i'm stupid and I end the day in the red.

go flyers

http://puddles.humanfund.ca/wp/2010/06/02/2010-06-02-trades/

 

puddles, how do you decide where to place target? Also, what software do you use for scanning?

 

Target is entry + 2x stop size.

I use custom software to scan for setups..

 

9:50

LONG WDC 35.91
STOP 35.79
TGT 36.15

 

out -0.12

 

10:00

SHORT X 45.16
STOP 45.45
TGT 44.58