1/06/09 : Only a few short set ups on daily charts, none very promising. The best short set up on daily charts is DELL. I will be looking to intraday trade again on TUES. Focusing once again on the 5 min charts. Alot of daily charts look bullish if we can get a minor pullback on them in the next 2-3 days to take some swing longs.
1/06/09 trades: 1/6/2009 10:47:24 AM ET DXD BUY 400 DXD @ $50.72 Completed Executed 1/6/2009 11:07:04 AM ET DXD SELL 400 DXD @ $51.24 Completed Executed +194 Total +194
With a freind like that who needs enemies he certainly got the better half of the bet but probably wanted to end your bragging about your trading once and for all
Best of luck to you in the bet. Are you sure you can get to 50% without a voodoo doll?? You at least have a lucky coin to filp right?
I think you are 100% correct that he did not want to hear anymore that it"s possible to consistently take money out of the market- So he said, in so many words..." Put up or shut up"
1/07/09 Looking to short the indexes VERY early unless they gap too far down, if so willl look for a small rally to short. Also looking at a few stocks (RIMM SNDK) to scalp short. If we get a rally for the 1st 20-30 minutes I will look to get into a short around 10am on the first reversals. Overall most indexes, stocks looking pretty bully on daily charts.
1/07/09 Trades: 9:59 500 SDS BUY 67.66 10:50 800 QID BUY 53.72 STOP 67.26 STOP 53.47 TGT 68.46 TGT 54.22 10:25 500 SDS EXIT 68.45 11:03 800 QID EXIT 53.47 P/L +381.08 P/L -215.20 11:42 550 AAPL BUY 91.55 12:18 650 RIMM BUY 47.60 STOP 91.20 STOP 47.30 TGT 92.25 TGT 48.20 12:42 550 AAPL EXIT 92.22 12:59 650 RIMM EXIT 47.30 P/L +354.30 P/L - 214.81 14:19 800 QID BUY 54.22 STOP 53.97 TGT 54.72 14:35 800 QID EXIT 54.68 P/L +355.04 1/07/09 TOTAL P/L: +660.41
1/08/09: Looks like we are going to get some pullback in the indexes, but are still in a short term uptrend. If we hold in the AM I will look to some stocks w/ bullish daily charts to possibly buy: GILD GRMN JRCC. Otherwise I will look to the gap list for any opening plays and then look for weak stocks to short if we get a 9:30-10:00 rally. Or strong stocks to buy if we get a SMALL move down after the open. If we start to freefall I will look to get into an index short but only take it for a small scalp and then look later in the day for an entry (to buy) on any strong stocks for Fri. Best case: We move down 1-2 pts on the SPY and then load up on some long plays Friday. But, if we lived in a perfect world then..................