NoDoji's Day Trading Log

Jon, the P/E on CDS is 7 and the P/E on HW is not available because they lost -1.43 per share. HW is trading above its 1-year target price; CDS is trading at half its 1-year target price. HW analysts rate it a hold on average; CDS is rated a strong buy. It's simply inexplicable :eek:

 

Yea it is. Nice find. The market does ridiculous things. I always think its funny on financial shows and networks they always say the market is up or down and then cite some reasoning behind it, as if its always rational

 

NoDoji,

hope today was a good day. Did you get some of the ENER? I ended up trading it while in the van while my wife drove and made a few more dollars. Also LDK kicked up a signal but I was not there to see it as I turned the computer off as we drove

oh yea, as far as PE, earnings estimates and much of the other numbers go. they are more worthless for short time trading than you think. emotions drive the markets in the short term and fundamentals drive it in the long run. Keep that straight and you will say yourself from taking so much aspirin.... LOL


keep an eye on LDK during the open. will be looking to short above the high of today."but dont quote me on that" lol

 

+ $3666

(1R, I missed all the up and down action on ENER the past two days!)

So I start the day with a bracketed order in place for my HW short, stop @ 16.16 just above the 52-week high (it’s been hitting lower highs so I figured this was a safe bet), and my target at 15.80, and lo and behold the damn thing stops me out almost to the penny for a $260 loss, then proceeds all the way down to my target. I could only laugh because my upper stop was the exact HOD and my profit target was the exact LOD, but it hit top before bottom. Maybe a trading firm should simply hire me to pick tops and bottoms!

Wise old traders, please help me with my persistent stop issues!

FWLT reaches for 51 and fails, then gradually drifts down and consolidates, so I took a healthy $3800 profit on the calls, because in a bear market I believe you shouldn’t look a gift horse in the mouth. I will look to put on again pending any significant pullback below 50.

I moved stops to lock in a minimum $1375 profit on two small FWLT stock positions in our IRA accounts. Holding $1700 unrealized on these positions.

I traded STLD again today @ 25.48 upon a nicely established failure to make a new low. I set a stop just below the LOD, then it gradually drifts down, lower highs, lower lows, so I... change my plan (the words “Never change your plan” will be etched on the back of my retinas shortly) and exit @ 25.31 for a $85 loss because I’ve seen this down-drift and ensuing new LOD with STLD twice before. But no, this time it only goes a little lower after my exit and finally makes its run, which I miss for no other reason than: I changed my plan.

I’ve been watching and day trading ICE for some time and today decided to have a go at day trading the options. I figured if the stock reversed direction, I’d be holding options that I’d want to hold, making it a very comfortable trade, because I like the slightly higher lows it’s been finding in consolidation on the 30-day chart. So I bought 20 Sept $90 calls at 3.20 upon pivot off the LOD combined with a move up through both the 8-and 20-period SMA’s on the 3-min chart. I then placed a limit sell order at 3.40 figuring that’s where a test of the later-day resistance point would take the options price. Well, 3.40 was indeed the magic number and I exited for a $400 gain just shy of the of the afternoon’s high. So I made just about the same profit I would’ve made with a 500-share position, but I only tied up $6400 of capital to do it.

NVAX has a conference call to present their Phase I/IIa trial data results on 8/26. I ask myself: Would a dozen insiders buy hundreds of thousands of shares of stock @ 2.85-ish a couple weeks ago if the results were shaky? My guess is “no”. I got my shares at 2.55-ish and will much appreciate a positive conference call

 

Very impressive day NoD. Well done.

 

Firstly, Very nice day.

Sorry you missed ENER today. What a great trade that turned into.

while maybe a little bit frustrating to see HW hit the top and bottom the way it did it does show your thinking is correct. you may have moved your stop five cents higher and that would have been the price you got stopped out at. Cant tell without looking at the tape and seeing the NBBO at the same time. I am believing that I am not telling you something you dont know but if you start to see a pattern of being stopped out right at the pivot point ........(you know the end of the sentence)

: o )


Again good day.

 

Thanks, Mad and 1R, I hope this is the start of a long term trend

 

+ $1324

LTD hitting highs and I shorted it @ 20.46, stop at 20.80, initial target 20.26. It dipped close to that and reversed. I saw 2 million shares get bought, which scared me (I got burned on a short once when that happened), so I covered for a $70 gain, figuring I’d wait and see how the reversal played out before reconsidering another short. It ended up eventually hitting 20.90, but I was at lunch and missed that opportunity.

FWLT pulled back, triggered stops in the IRA accounts to produce a net gain of $1262, bounced, then pivoted off a higher low. I bought @ 50.16 when it crossed up through the 8- and 20-period SMAs. It rose and I set a stop near b/e and was taken out for a $15 gain on a reversal. Later re-entered the trade with the intention of holding for (dare I say it) a swing trade… Also bought FWLT Nov $55 calls again on the pullback below $50. Would add to the position on any bounce off a pullback to $47.

Bought STLD Nov $27.50 calls while it was consolidating around $25 today because STLD and I simply have to come to positive terms with each other. OK, seriously, it’s because they are trading close to the price they were at when they were producing half their current earnings and I believe they are due for a bounce. Any bounce similar to the past few days’ will produce a very nice profit; anything larger will be icing on the cake.

NVAX up another 5% today, the pending conference call and large insider buys must be generating excitement.

 

Nice week Nodoji !!

 

Hello Nod,

I just bought 2K shares of etrade so go ahead and forget about what I said about trading small size.

I now recommend trading as many shares as possible and you should try to scalp out for a penny a share with 300K shares per day......LOL