>> Trade Update << Looking to add more shorts, if market goes lower Edit: Added 4 shorts Total Shorts: -9@ avg 6951.5 EDIT: this trade has a relatively wide stop at around 7000ish (not to get stopped out in case there's another quick upleg, before the expected sell-on-good-news really kicks in Edit: added one more short: bringing pos to: -10 @6951.2
i dont trade shortterm but if i get a chance would probably not be too different to what you do. Varying size and leave this <60% win rate to others and take only >60+% sometimes looks like scalping. btw. enjoying this thread.
>> Trade Update << Took some 4 off 6938-6941. looking to take one more off at 6933.50. Won't be in a hurry to take off the remainder thereafter (looking for possible homerun with <6900). Edit: 6933.50 hit. 5 shorts remaining, if we get to 6925, stop will be lowered to 6950. Not closing anymore before <6900.
hey I am enjoying reading your journal as I trade the DAX. Good job with that last short, worked out nicely.
>> Trade Update << Stop moved to 6950. Any downmove can really have legs here, as market focus may shift from greece rescue to iran... Stop@6950 is somewhat close to current prices, viewing it as a (more or less) trail stop of 25 points.
>> Trade Update << Stop moved to 6940, Buy limit at 6891.5 for first of the 5 remaining shorts. Edit: downmove somewhat takes a break right now, took off 1 at 6910 (thus the 6891.5 limit is removed)
>> Trade Update << Trade developing good, still holding on to those 4 remaining shorts. Looking to close one around 6880, and then reevaluate (maybe lowering the stop). Edit: looking for <6870 for first close, rather than 6880, and stop moved to 6925. Edit: closed one at 6898.5 as failed to establish new lows, and potential of a short time upmove prior to us open. Remaining Position: -3 FDAX@6951.2 Edit: limit of next one to close is 6862.50 (with current price of 6893.5 equals in theory a 50/50 chance of limit getting hit or stopped out)
>> Trade Update << Adding some shorts (7) at the current level 6907-6909, for a quick scalp back to 6900 level, worst case stop on whole position 6925. No major numbers at 8:30 ET
>> Trade Update << Scalping Shorts all back off, some in the 6902-04 area, rest closed around entry. Will post overall PnL, after whole position is closed. (still 3 FDAX short ON)
--- US Market Outlook --- Interesting Stocks: CORT - up 62% on drug approval : - no history on that, hard to say wether move is fundamentally sound. - look at momentum for possible daytrade - probably no trade here as volume and market cap invite MM&HFT to fool around. THLD - up 53% on drug news: - same as CORT, probably no trade WMT - down 3% : - worse than expected earnings and outlook - maybe a short momentum play after open CIEN - down 4% : - cut forecasts for Q1 - also a potential quick trade Other Stocks to watch: HepC Stocks - recently in the news on drug trials and report saying that HepC deaths will soon surpass HIV deaths. GILD VRTX ACHN ...