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

Discussion in 'Journals' started by geez, Dec 21, 2008.

  1. stop to b/e
     
    #2221     Jun 17, 2010
  2. out b/e
     
    #2222     Jun 17, 2010
  3. 14:23

    LONG BRK/B 79.01
    STOP 78.93
    TGT 79.17
     
    #2223     Jun 17, 2010
  4. out -0.08
     
    #2224     Jun 17, 2010
  5. fh2000

    fh2000

    Puddles,

    What is your criteria to set b/e? When 1/2 of the potential profit reached? Thanks
     
    #2225     Jun 17, 2010
  6. more than 1/2.. wynn was 80% of the way there ugghhhh
     
    #2226     Jun 17, 2010
  7. <img src="http://puddles.humanfund.ca/20100617/spy.png">

    <img src="http://puddles.humanfund.ca/20100617/rmbs.png">

    <img src="http://puddles.humanfund.ca/20100617/jpm.png">

    <img src="http://puddles.humanfund.ca/20100617/wynn.png">

    <img src="http://puddles.humanfund.ca/20100617/brkb.png">

    9:35

    SHORT RMBS 18.94
    STOP 19.01
    TGT 18.8

    - RMBS looked like a short based on the daily..
    - After the open it appeared weak
    - Short at the new LOD
    - out +0.14

    9:56

    LONG JPM 38.82
    STOP 38.74
    TGT 38.98

    (2 minute chart)
    - JPM relatively strong to SPY from the open
    - Long over the nice tight lower high
    - out -0.08
    - this went halfway to target before 10am and once the news broke i was basically instantly stopped out
    - I should not have taken this trade knowing there was news coming out at 10am.

    10:18

    SHORT WYNN 84.6
    STOP 84.92
    TGT 83.96

    - After being very tilted by my JPM trade I try to get short something to ride the news.
    - There was no real setup and I paid the price for it with the slippage
    - out -0.44 (vicious slippage)

    13:48

    LONG WYNN 38.1
    STOP 37.85
    TGT 38.6

    - WYNN shows some nice intraday strength returning to it's new highs.
    - After a slight drift lower we long over the higher low
    - Get within 10c of target, move stop to b/e
    - out b/e. ugh

    14:23

    LONG BRK/B 79.01
    STOP 78.93
    TGT 79.17

    - After 2pm BRK/B was quite strong while SPY was drifting lower
    - Long over BRK/B when it gets through a round number
    - out -0.08

    http://puddles.humanfund.ca/wp/2010/06/17/2010-06-17-trades/
     
    #2227     Jun 17, 2010
  8. 9:40 LONG PCAR 44.07
    STOP 43.99
    TGT 44.23

    out -0.08
     
    #2228     Jun 18, 2010
  9. 10:19

    LONG GS 139.01
    STOP 138.72
    139.59
     
    #2229     Jun 18, 2010
  10. out +0.55 (looks like i slipped on the way in)
     
    #2230     Jun 18, 2010