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

You are still staying long. Geez...

 

trying to catch some of these oversold stocks, but the fear doesn't look over....:eek:

 

I almost took QID at 66.10 as a hedge against the 2 longs I have going ,but I think my ego got in the way.......
Not good trading for noobs reading this:
The market has a TON of pressure on it.
I have 2 longs going.
The QID sets up a 5 min buy 14:08.
But I don't take the hedge because I don't want to be wrong about my2 longs......
Lesson learned everyday

 

14:35 1000 AMGN EXIT 48.50
P/L +394.02

 

14:40 400 LMT EXIT 60.85
P/L -218.00

 

03/02/09:

3 trades:
1 win
2 losses
P/L -28.53

 

03/03/09:

Tues am:

The daily charts are getting alittle oversold, but I'm still looking to short rallies.
As for today I will keep an eye on RMBS and AMGN for the long side and will monitor the indexes on pure scalp mode in either direction....With the gap up there may be an early short to play.

 

03/03/09:

10:30 100 SRS BUY 91.95
STOP 90.65
TGT 94.80

 

10:59 100 SRS EXIT 94.95
P/L +286.00

 

The rest of the bears welcome you.