Livermore, Tudor Jones and Cohen

Discussion in 'Journals' started by Standard Oil, Oct 26, 2009.

  1. Resistance area on SPY right now looking good for a short.
     
    #101     Nov 9, 2009
  2. DJP with that kind of volume?:confused:
     
    #102     Nov 9, 2009
  3. NET % OFF OPEN

    .3345


    Crazy stuff, Long lost $ and shorts made $ :confused: and I got spanked on the SPY trade. :(
     
    #103     Nov 9, 2009
  4. Long Candidates:

    None

    Short Candidates:

    QDEL
    DV
    MELA
    MYGN
    HOGS


    The problem the last 5 days is that my scans have not produced very many long trades in fact today was the best day for (number of trades) in a long while and again the majority where shorts. When the market is bouncing like this and stocks do not confirm the movement, it "usually" means the move can not be trusted.

    During periods like this I think that even the best of the best spin their wheels and make marginal returns and a trader can only extract what the market has to offer.

    This is typical of random market conditions and that's what I would consider the last 5 days in spite of the rally.
     
    #104     Nov 10, 2009
  5. Any chance you could go through the rest of their similarities? Or is it just that one?

    Further what time frame are you looking at to determine the market reaction/conditions as it approaches or moves away from one of these key levels?

    Are you looking at Volume changes/extremes are it approaches these or just price changes and velocity?

    Thanks I am enjoying the thread
     
    #105     Nov 10, 2009
  6. Long Candidates:

    None

    Short Candidates:

    JNPR
    TSS (a rare top call)
    SAFM
     
    #106     Nov 11, 2009

  7. I think what they all do / did well was understand at what point in space and time, the path of least resistance was located.

    If you can wait patiently (something I'm not doing the last few days) then you can find trades where it's almost impossible for the stock to do anything but move in the "expected" direction.

    Most people will not want to wait and prefer to engage the market all the time and that's just silly.

    I do like to trade a lot but that being said I know the times when the market is almost a sure bet and when it's random.

    I personally trade larger size when my bias is the strongest (versus times like the last 6 days) where I can find no "strong" bias and no confirmation.
     
    #107     Nov 11, 2009
  8. A couple of very interesting shorts ...TSS...SAFM...how was yesterday?
     
    #108     Nov 11, 2009
  9. % OFF OPEN

    -.76% Loss


    I'm embarrassing myself this week guys but IT HAPPENS.

    It's really important to keep your MONTH in focus during weeks like this and all it takes is one good day to wipe out all these small losses and turn things right around.





    Thurs. Candidates:

    Long Candidates:

    NANO
    NTGR


    Short Candidates:

    STLD
    NU
    SIGM
    RRR


    I still do not see any conviction for long trades as this market makes new highs. I'm going to trust what I see and stand aside on the longs till after the first hour.
     
    #109     Nov 12, 2009
  10. Stick a fork in it she's done.

    SPY has spent it's load and I'm exiting the 2 longs here (sorry) and holding the shorts.

    In all honesty I'm netting out only 2% on the NANO trade even though it's up 9.92% right now.
     
    #110     Nov 12, 2009