Livermore, Tudor Jones and Cohen

% Off Open

HR 3.04 (Loss)


As mentioned above this was just an ugly trade.

 

It happens to us all



SO,

If I may ask Sir….

What’s your philosophy on trading announcement days?

Thank You Sir

RN

 

My personal experience is to trust my analysis first and always trade in that direction.

That being said, IF the announcement is what I consider to be a big surprise counter to my analysis I will either A. completely not trade that day or B. Tighten up my entry criteria and my stop levels.

Whenever a FUNDAMENTAL change takes place, the masses will move and you need respect that and be fast enough to adapt.

 

Today is much like yesterday with not a lot of stocks coming up in my scans.

There really was only two that looked decent enough to post in here.

Long Candidates:

GLD


Short Candidates:

NYB



In light of today's fed announcement and the short list (which is sign of low volatility), I will probably just scale down and trade light.

 

Key Resistance area on SPY right now nice place to fade this up move.

 

% off open

GLD -.01 (Loss)

NYB -1.33


Fun day huh !

That resistance level held but what a ride





Just figured out the color feature so from here forward all losses will be posted in RED and all winning trades will be posted in GREEN

 

If it's not too much trouble please continue to post with a plus or minus sign. I'm color blind.

 

Long Candidates:

COT
ELOS


Short Candidates:

HCBK
SSS

TAP but I'm going to watch this for the first hour before I decide to trade it.


Some surprising Econ numbers out again this a.m. so be careful out there today to wait and see how the masses react to the new information.

 

Closing ELOS here with a 2% profit.

Sorry, I don't usually like to do this intra-day with no warning but it is called for in this case.

 

Was that a new high?