Too much chop for today; I'm out!. A very Happy New Year to you all and hope we make lots of money next year. A big Thank You to all of you for having contributed here.
01/03: Pic. 1: Trade 1: LONG: Entry 1: $28.87 Entry 2: $29.02 Exit: $29.15 $0.41 Trade 2: LONG: Entry 1: $29.26 Exit: $29.53 $0.27 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3050703.png">
This was my ~$1000+ baby!!! and my first $1000+ for 2011. That stop there was just letting me know that the market is still the boss!!!. However, reality hits and it is what it is. Pic. 2 Trade 3: LONG: Entry: $54.45 Exit: $53.94 -$0.51 <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3050711.png"> Total (+/-): +$528.00; [$552.50-$24.50(commission)] All Time Net (+/-):+$1092.22
Hi Kon, I wanted to put a comment on that earlier. I usually have my charts set up (as default) with these moving averages. I use them most of the times, except for days like this. Since FAS gapped up by a point, these MA's were null and void and only came into use after 10:15-10:30am. In the early hours, I tend to concentrate more on S/R and volume.
Ignore my excitement; I was referring to MCP which hit my stop and than went on for another ~$4.00. It would have been nice to have a $1000+ day on the first trading day of 2011. I traded the morning session only today, so I might have made it. Maybe, I might have lost it too
sam are you using madscan or trade-ideas.com for your trades? or just whatever is on the top 10 list? I know FAS is in the top in a lot.
Neither. I have a list of ~15 stocks, 10 of which seem to have become permanent. The other 5 are "hot" stocks (stocks which for a short period catches everyones attention and is moving on high volume. Example: MCP - at present). I will also look at stocks pre- and intra-market to see the biggest winners/losers. Some will have good movement for intraday trading. I also use a free service which works really well if used properly. I will PM you the link. SM