puddles 2011 trade journal (formerly a 70k bet..)

out +0.24

 

<img src="http://puddles.humanfund.ca/20110209/spy.png">

<img src="http://puddles.humanfund.ca/20110209/celg.png">

<img src="http://puddles.humanfund.ca/20110209/wnr.png">

<img src="http://puddles.humanfund.ca/20110209/hal.png">

9:36

SHORT CELG 50.41
STOP 50.54
TGT 50.15

- CELG on daily short watch
- tight lower high at the lows
- out +0.23

10:10

SHORT WNR 15.47
STOP 15.55
TGT 15.31

- WNR on extended short list
- no clue how i missed shorting it from the open
- lets me in again with a tight lower high
- took some before tgt, adjusted stop and tgt to get greedy
- wanted .11 (1c above yesterdays low) but I took it at .18 as I had other things to attend to
- +0.21 avg

14:18

SHORT HAL 43.89
STOP 44.01
TGT 44.65

- SPY wants to head lower (strange)
- SPY's mid day push up ended around 1:30
- HAL gave up around 1:20 and headed lower
- Triangly looking support at .90
- Short the break
- out +0.24

http://puddles.humanfund.ca/wp/2011/02/09/2011-02-09-trades/

 

9:36

LONG PCAR 51.28
STOP 51.17
TGT 51.5

out -0.16

really dumb trade

 

<img src="http://puddles.humanfund.ca/20110210/spy.png">

<img src="http://puddles.humanfund.ca/20110210/pcar.png">

9:36

LONG PCAR 51.28
STOP 51.17
TGT 51.5

- Whole market down
- PCAR on my daily SHORT list but is strong
- Long over the bar hoping SPY would retrace
- i should never be long something on my daily short list.. dumb
- out -0.16

http://puddles.humanfund.ca/wp/2011/02/10/2011-02-10-trades/

 

Yikes!. This is the first time I have seen your returns. I have to commend your system.

 

Puddle its amazing what you have been doing.
Would u mind sharing with us the rules of your trading?

All the best, and good luck in 2011!

 

thanks. i have geez to thank, all my trading is based off his system..

you seem to be off to quite a good start for 2011 yourself..

 

the basic rules are:

1. buy strong stocks, short weak ones. a strong stock is one that shows a strong daily pattern, a good intra-day pattern and is generally stronger than the index. reverse the rules for weak ones.
2. 2R:1R sizing on all trades. in a perfect world 1 winner should pay for 2 losers
3. trades can only result in a stop or tgt. i break this rule more than i'd like with my stop moves (to b/e or support/resist levels)

 

9:34

SHORT MCP 48.74
STOP 49.01
TGT 48.23

out -0.39 (12c of slippage on the way out)

9:40

LONG JDSU 26.07
STOP 25.88
TGT 26.45

 

9:45

SHORT SNDK 50.2
StOP 50.31
TGT 50.00

out -0.15