Panic Zone Trader

Discussion in 'Journals' started by ctrader, Jan 22, 2004.

  1. ctrader

    ctrader

    #11     Feb 2, 2004
  2. ctrader

    ctrader

    Thanks John.

    Yep I'm in canada. Are you a canuck?
     
    #12     Feb 2, 2004
  3. JohnK

    JohnK

    No, but I've been there many times, on vacation. I've seen practically everything east of Toronto, love the northern part of Nova Scotia the best. I live in North Western New Jersey... beautiful place here too. :)
     
    #13     Feb 2, 2004
  4. ctrader

    ctrader

    reveresing position at $41, now short.
     
    #14     Feb 4, 2004
  5. ctrader

    ctrader

    stopped out again, long at 41.50.

    I'm going to try and sit on my hands and let this ride as long as i can. Stop is at 40.40
     
    #15     Feb 6, 2004
  6. ctrader

    ctrader

    stopped moved to 41.50
     
    #16     Feb 11, 2004
  7. SMH is a great trading stock. Very high beta and it swings at least $1 intra-day. Even better than the QQQ, I think.

    It is quite chartable on a 5 or 15 min chart. You don't have to fight for pennies, just ride a .10 - .50 move.

    Day to day swings work well too.
     
    #17     Feb 11, 2004
  8. ctrader

    ctrader

    stopped move to 42.25. Working off the
    trendline formed from the lows.
     
    #18     Feb 12, 2004
  9. ctrader

    ctrader

    attached

    [​IMG]
     
    #19     Feb 12, 2004
  10. ctrader

    ctrader

    Sold at 42.25, booked 0.75 profit.

    Shorted on break of 41.90.

    At 43.35, it did tag the upper edge of the panic zone channel, so its valid to look at shorting.
     
    #20     Feb 13, 2004