Mike's Swing Trading Journal

I had internet connection problems today... got out of AW in the high 7's for a respectable gain.. and didnt add to CREE because of weak market.

 

Covered Joe at 69..

Only long CREE here.. the stock suprisingly acted pretty strong throughout the broader market weakness... maybe if market reverses will add more... for now keeping things very light in this whippy market.

 

Short 100 PHM @ 69.32

Short 100 HOT @ 55.35

 

Long another 100 Cree @ 23.76.. like the action of this stock

 

I covered half my position in JOE at 69 a little before noon but am going to let the rest trade for now. I feel it can break hard and not let you in again. I really like the daily chart on it and am trying to teach myself patience in letting trades play out.

 

JOE is a solid short.. i re-entered another 100 @ 69.25

I am trading around this stock with a short bias.. because its pretty slow moving... its an excellent swing trade stock.. very smooth daily chart.

 

Homebuilders are getting slammed today.. playing into the weak gdp/economy story... might add another 100 to PHM at EOD.

 

I covered at .07 but i plan to go back in if he gives me a shot at a better price. My biggest problem is i can't stop pressing buttons.

 

You covered the whole JOE?

 

I got 200 shares now but I would like to have more. I think he will let us in at better prices. I go in and out to fast but i would like to see a close near 69.40. I will try and get some if he does go there.