<img src="http://puddles.humanfund.ca/20100625/spy.png"> <img src="http://puddles.humanfund.ca/20100625/nly.png"> <img src="http://puddles.humanfund.ca/20100625/apc.png"> <img src="http://puddles.humanfund.ca/20100625/dvn.png"> <img src="http://puddles.humanfund.ca/20100625/aig.png"> 10:46 LONG NLY 17.31 STOP 17.24 TGT 17.45 - Wow it's glad I looked at this on another platform. Under sterling it showed yesterdays close at 17.10 so this stock appeared green - Now that I see it was in the red the whole time and not extended down i'm not sure I would have taken this trade. - Anways, the logic at the time was this - NLY strong since the open, SPY chopping around and making new lows near 11am. - NLY was making new highs at this point, look to go long - Ticked out the next bar at .24 and it heads higher to my target.. - out -0.07 11:09 SHORT APC 36.53 STOP 36.68 TGT 36.23 - APC very weak from the open - geez was already in a short and looking to add at this point - Setups we add with are the same as entry setups, I liked this play so I followed along - out -0.16 11:14 SHORT DVN 62.93 STOP 63.01 TGT 62.77 - After 10am SPY tries to retrace up, DVN does not particpate - Short under the tight lower high - out -0.10 14:56 LONG AIG 37.12 STOP 37.04 TGT 37.28 - AIG making clean moves to new highs - Look to long the break above the range - out -0.13 I also missed 2 shorts before my opening NLY loss. The first one there were no shares available and went to target, the second I missed the entry by a penny (shorted on the offer and it just ran away from me) horrible day, 7-13 on the week which is just above b/e before commish. http://puddles.humanfund.ca/wp/2010/06/25/2010-06-25/
NLY was ex-dividend today, so the price was off by that amount, I think. This is one of my very few long term holdings. Gotta love that 15% div
ya, cuz you really need those 15% divs when you're making 500% on your trading account. thanks for that info though. I think it's pretty rare I'm long a stock that's red on the day (and vice versa with shorts)