Yes, when I got back from my appt, you guys were short HANS and I felt left out, so I shorted it again. My only regret was not taking profits a couple times instead of holding through two moves!
+ $291 Didnât trade a lot today, still studying GS intently and coming to like it more and more. I am getting quite adept at predicting its moves, and dipped my toe in the water again today. I would like to pick GS for my stock of the day and trade it exclusively. Iâm right about there in my comfort level with it. Offered 9.35 HOTT, missed by .08 cents. Yesterdayâs HOTT cover target of 8.99 filled for a $110 gain, bottom of the move. Offered 9.25 HOTT, and it stalled severely around 9.16, so I entered at market on the pullback for 9.14. Set cover target @ 9.03. Came within .01 cent, attempted a bounce, made a lower high and finally filled on the pull back for a $110 gain. Short GS @ 95.79 when a pull back from test of HOD left a shooting star. Covered @ 95.59 at the 10-period SMA, because GS seemed strong at this point and had attempted to establish an uptrend. Just a scalp to practice, $40 gain, perfect exit. Market orders both ways worked with no slippage on my small share size. Scaled into HOTT short average price of 9.24, holding. Called HOTT short to husband, where he entered @ 9.42 and covered @ 9.30 for an entire move almost to the penny from overbought to oversold. This was a ânanny nanny boo booâ moment as he took his profits and ran. I will say, however, that I picked the top and bottom for him off my L2 action, so I hope I get a green root beer for happy hour. Short DRI @ 29.45 pull back from overbought (SPY also overbought), looking to scalp a small move, stop just above the HOD. Covered @ 29.30 based on L2 action for a very quick $71 gain, just .01 cent from the pivot, before it bounced to new highs on the day.
Hermit, no! Wait! Stay one more day! Yesterday's action left ORLY with a very nasty chart to be short against, and this morning they were upgraded by an ANAL-yst. This triggered my risk management antennae and I plan to take the loss. It's a pretty good one, too; not boring, I assure you! :eek: :eek: :eek:
Hermit, I'm sorry, but my risk management plan states: "Do not trade the first 5 minutes!" (unless great exuberance ensues)
(Hermit, I apologize in advance for this disappointing post, but remember an unrealized loss is still a loss!) +$336 Yesterdayâs action left ORLYâs chart looking very bad for a short position thatâs already at a loss (full bullish engulfing pattern, higher low, and poised to test highs). This morning they got upgraded by an analyst, which often means nothing, but I am ready to exit at any sign of exuberance. Fortunately, it never tested highs, even after the fed rally, leaving the day with a lower high in an up market. So this places me on orange alert for the trade, down from red alert at the top of the fed rally. Short HANS @ 36.81, overbought pull back from HOD, small position because I was picking a top, rather than a failure to make a new high. It dropped from the get-go and I trailed a stop to 36.55, exiting @ 36.49 when it pivoted off oversold, for a clean $164 gain. Short HANS @ 36.72 overbought pull back from failure to make a new high. It languished in consolidation forever, then finally broke down nicely against the market, where I covered oversold near previous support @ 36.33 for a $196 gain. I predicted it would test previous support at 36.23 and if that broke down, the LOD was next in line. However, because I had a small position I covered all of it instead of a) leaving my trailing stop in place, or b) covering partial. It broke down hugely, and I was left hammering head against desk. Nice moves after fed. I greedily expected HANS @ 36.80 and missed a beautiful short. In fact everything was a beautiful long and a beautiful short after that, but I stepped aside and sat on my hands. End of day purchased a FAZ APR $30 call. Total risk should FAZ never manage any retracement whatsoever is $600. I can live with that, especially considering the possible reward between now and April.
I agree with Angry: super-boring and predictable! Where's the drama? Where's tearing of hairs and eyebrows? Screaming? Blaming the markets? There is nothing but steady progress and constant updays here! B-O-R-I-N-G! I am almost begininning to think of re-starting my "jurinal of mistakes" again
That's okay. One day soon she'll catch a now famous MW short from Hell type of trade and we'll be there to revel in her misery.