9:40 SHORT RIMM 46.12 STOP 46.32 TGT 46.72 punched it out +0.22 before the 9:55 news of course it blew by tgt on the news
<img src="http://puddles.humanfund.ca/20100827/spy.png"> <img src="http://puddles.humanfund.ca/20100827/rimm.png"> <img src="http://puddles.humanfund.ca/20100827/gs.png"> <img src="http://puddles.humanfund.ca/20100827/x.png"> <img src="http://puddles.humanfund.ca/20100827/bp.png"> 9:40 (2 min play) SHORT RIMM 46.12 STOP 46.32 TGT 46.72 - RIMM is the new MON, look to short it every day - Slight gap up, goes red quickly - Rel weaker than SPY - punched it out +0.22 before the 9:55 news 11:25 SHORT GS 139.55 STOP 139.75 TGT 139.15 - SPY heading higher from 11am - GS holding a tight range near the lows - Short the break - out +0.15 on a fat finger setting my stop, went straight to tgt. counting as winner 14:28 LONG X 43.66 STOP 43.55 TGT 43.88 - X a beast all day - out +0.22 15:17 SHORT BP 35.47 STOP 35.52 TGT 35.37 - Tailed geezy on this one - BIG red bar down - Tight consolidation, look for continuation under a lower high - out -0.08 vicious slippage 13-15 on the week. 48-49 on the month. http://puddles.humanfund.ca/wp/2010/08/27/2010-08-27-trades/
<img src="http://puddles.humanfund.ca/20100830/spy.png"> <img src="http://puddles.humanfund.ca/20100830/rimm2.png"> <img src="http://puddles.humanfund.ca/20100830/hpq.png"> <img src="http://puddles.humanfund.ca/20100830/wynn.png"> <img src="http://puddles.humanfund.ca/20100830/rimm5.png"> <img src="http://puddles.humanfund.ca/20100830/cost.png"> <img src="http://puddles.humanfund.ca/20100830/nflx.png"> 9:38 (2 min play) SHORT RIMM 45.79 STOP 46.01 TGT 45.35 - SPY gaps down and tries to close the gap - RIMM stays weak - out -0.23 9:39 LONG HPQ 39.11 STOP 39.03 TGT 39.3 - Gap up on good news, tight higher low - out +0.18 10:28 SHORT WYNN 82.99 STOP 83.28 TGT 82.41 - SPY weak and making new lows.. - WYNN toos.. That green bar prior to entry should have been a red flag - out -0.32 10:50 LONG RIMM 46.73 STOP 46.61 TGT 36.97 - RIMM making new highs - SPY trying to bounce off the bottom - got 3c from tgt - out b/e 11:01 LONG COST 56.75 STOP 56.69 TGT 56.87 - Same story as RIMM but strong all day - Tight higher low, probably wasn't a good idea given the low volume to have a stop this tight - out -0.08 11:11 SHORT NFLX 122.99 STOP 123.3 TGT 122.39 - Didn't bounce as well as SPY - Tight consolidation trying to break through support - out -0.39 Bad day.. Only one regretable trade (WYNN) and maybe could have set up COST better but that was going to lose no matter what stop size I chose Work went nuts after i stopped out on the day (still working). Hope I can finish August strong tomorrow.. http://puddles.humanfund.ca/wp/2010/08/30/2010-08-30-trades/
Great stuff Puddles, keep it up. Day after day, you press home the importance of risk vs reward & discipline of keeping with such. While I miss Geez's posts, it's yours that really opened my eyes in recent months to the importance of R:R. Cheers man, looking forward to the August recap.
What a way to finish August.. I scaled down to two charts on one LCD yesterday.. <img src="http://puddles.humanfund.ca/pictures/baby_monitor.jpg"> My daughter arrived a little ahead of schedule yesterday. Mother, baby and myself are doing fine but I'm not sure when the next time I'll be placing some trades will be.. August stats: 49-54 (47.5%). +1 baby..
15:13 SHORT RIMM 44.02 STOP 44.12 TGT 43.82 small trade while i'm home eating before i head back to the hospital..
9:43 SHORT RIMM 44.24 StOP 44.37 out -0.15 9:56 LONG INTU 44.49 STOP 44.40 TGT 44.67 10:00 SHORT GS 144.59 STOP 144.83 TGT 144.11