Great work timmay! Please make sure to tell us after the fact how well you did, as you did yesterday and always do.
no, the focus isn't on predicting breakouts, tim's strategy is to wait until a big move has already occurred. PDO just started its move. and i posted about CNEX 1-2 days before the big drop: http://www.elitetrader.com/vb/showthread.php?s=&postid=1917930#post1917930 and my VRML short was realtime on tim's dvd thread that got deleted. please only useful comments from now on, i want my journal to be educational when i look back
Not very much actual trading going on here, one week on and no live real-time trades, only hindsight ("...just covered...", "...just shorted and covered...", "...even though i profited solidly today..") and tims name in every other post and a link promoting his website, what a surprise! Nothing here.......
i've done one trade so far that moved too quickly for me to post. try to deal with it. and yes, i will give credit where credit is due. like tim, i've reserved shares of KYUS to short today. doesn't mean i'm going to short it, instead i wait for the "afternoon fade" pattern to appear
short 5,500 KYUS at $2.53, i got the price action i wanted, now it should fade and possibly plummet on monday
KYUS is breaking down perfectly, already up $1,000+ on my short cabletrader, how's that for realtime posting?
covered at $2.35, don't want to get greedy, now up over $6k in 3 weeks, account is at $31,043. loving life right now as this is just play money for me. have a greet weekend everybody!
Come on timmay, you don't think a trader can read a chart? When you time stamped your sell, the price was about $2.45, and when you say you covered, the pirice was still $2.40 to $2.45. Don't see it my way? Just look at the yahoo 1 minute chart. Sad, sad timmay how low you stoop.
you have got to be kidding me! i posted this at 2:32pm, about 2 minutes after my execution. i posted my exit at 3:14pm about 1 minute after my exit. take a look at this chart and see how much of a liar bob is: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=kyus&sid=0&o_symb=kyus&freq=9&time=1 i'm starting to see why timmayy hates this site so much.
Excellent! Now that's more like it, nice trade! (Bob, I think you may be mistaken, it's no big deal, here are the charts....) Open: Cover: