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

11:12 Moving the stop to the top of the 10:20 bar 41.41.

 

11:31 500 RIMM EXIT 40.50
P/L + 385.15

 

02/26/09:

Total P/L +762.75
2 trades
2 wins

 

02/27/09:

Friday a.m.:

The indexes do not look that strong anymore after the selling wed. and thurs. could not hold the move up from tues.

That being said I am going to watch RMBS and GLD long today.
RMBS: gapped up on the daily chart and has 2 days of small selling, may be ready to continue moving higher.
GLD: Pullback to a poss higher low on the daily chart and is in an uptrend.
I'm not looking to swing trade these 2, just looking for good daytrade opp's.

Good trading all!

 

02/27/09

10:15 800 RIMM BUY 40.28
STOP 40.03
TGT 40.78

 

RIMM made a much stronger move up on the 5 min chart from the open than QQQQ, pullback 2 bars (10:05-10:10), then started to rally again. Playing the higher low after a strong move.

 

should have played AAPL, same setup and it's rockin out....
the beauty of trading

 

10:36 800 RIMM EXIT 40.03
P/L -219.07

 

02/29/09:

14:15 800 DIA BUY 71.75
STOP 71.50
TGT 72.25

 

Playing the higher low on the 5 min chart, within this base. If it breaks to the upside and takes out 72.00 it looks like the next resistance is 72.45, so the tgt is attainable.