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

03/03/09:

12:48 1000 DIA BUY 67.82
STOP 67.62
TGT 68.22

 

12:50 1000 DIA EXIT 67.62
P/L -221.10

quick trade...too fast to post I was taking the higher low 5 min.

 

03/03/09:

14:55 400 AAPL BUY 90.25
STOP 89.75
TGT 91.25

 

bought the higher low on the 5 min chart

 

15:05 400 AAPL EXIT 89.72
P/L -226.47

 

03/03/09:

Total P/L -161.57
3 trades
1 win
2 losses

SRS setup was a beauty, but with scottrade you can only trade it in 100 share lots , so I had to bump the max loss/reward down. Otherwise, it would have been a (very) small profitable day.

 

03/04/09:

Wed morning:

Almost the entire BIOTECH sector looks ready for a 1or2 day bounce. I will keep an eye on AMGN, CEPH, GENZ, CELG for intraday trades.
The retail sector as a whole looks weak on daily charts, basing at the low COST SHLD......I'm also going to keep an eye on rally in GOOG fora possible short today.
WYNN daytrade long watch today.
RMBS has been on my long watch the past 3 days due to the gap up and small pullback on the daily chart, but it's gapping up $1.50 this a.m., so it will be hard to play that.

Good trading all!!!

 

03/04/09


10:02 500 CEPH BUY 63.40
STOP 63.03
TGT 64.10

 

10:11 500 CEPH EXIT 63.06
P/L -211.60

 

03/04/09:

10:19 600 GENZ BUY 53.75
STOP 53.45
TGT 54.35