previous day: HERO long: bought 6.50, stopped 6.34, -2.46% (bigger than usual first day loss, but it was a set up with a very good potential. oil action didn't help). ----------------- open positions: NILE short: buy market LVS short: add target 41.13. (casinos the new hot thing in town, got me really by surprise. I was expecting volatility that's why I didn't lower the initial stop loss) SODA long: add target 59.37 (really out of sync with the exits this months, hope this improves soon) ----------------- new trades: WCG long: buy stop 49.50, stop loss 48.75 WCG day trading target: +1.02$ profit ---------------- long WCG a very strong stock in one of the best sectors, just made a pullback to the 20 days mov average and started back higher with a morning star pattern. very positive upside volume. it also cleared an intraday resistence, buying above yesterdays high
previous day: WCG long: bought 49.53, add target 50.93 ----------------- day trading positions: WCG long (49.53): 49.50 (close), -0.06% ---------------- other open positions: SODA long: non change ---------------- closed positions: NILE short (49.23): 47.86 (market), +2.78% LVS short (41.02): 41.97 (stop), -2.31% (stopped 2 ticks from the high of the day before it reversed and hit target...) ---------------- new trades: MCP long: buy stop 63.43, stop loss 62.27 MCP day trading target: +2.19$ profit long MCP about to break an important long term resistence. nice stochastics rising, the uptrend hasn't been compromised by the recent correction, volume stayed positive. the weekly chart looks good too. buying on a break of resistence.
previous day: MCP long: bought 64.38 (1.5% limit rule), move stop to 63.60, add target 70.89 ----------- day trading results: MCP long (64.38): 66.43 (close), +3.18% ---------- other open positions: SODA long: cancel target. (It keeps making higher high intraday, it setting up well for a continuation). WCG long: add target 49.37. (Really weak action, it's close to our stop and our entry price, we're trying to exit in between below intraday resistence) ---------- new trades: HAL short: sell stop 49.72, stop loss 50.30, target 48.33 HAL day trading target: +1.08$ profit HAL: sideways range for HAL for most of this year, it tested April top with two bearish candlesticks, stochastics about to crossover, markets are short term overbought, shorting below short term support.
previous day: HAL short: sold 49.70, stopped 50.31, -1.22% (bad trade, natural stop loss would have been 50.55) --------------------- open positions: SODA long: move stop to 55.76, add target 57.18 --------------------- closed positions: WCG long (49.53): 49.40 (limit), -0.26% MCP long (64.38): 63.58 (stop), -1.24% (pretty good trade overall, no reason not to give it space to run, tuesday night chart looked great) -------------------- new trades: EXK short: sell stop 9.78, stop loss 10.01 EXK day trading: no target -------------------- EXK short: good risk/reward entry on volatile EXK. Important a decision point for silver who came back and failed at resistence. Shorting EKX on a continuation below resistence.
previous day EXK short: sold 9.79, move stop 9.71, add target 8.91 (it's the last short-term position open)... see http://www.winningstocktrader.com/trades-blog.html for the explanation --------------- day trading: EXK short (9.79): 9.31 (delayed) target +4.90% / 9.55 close +2.45% --------------- closed positions: SODA long (55.46): 57.18 (limit), +3.10% --------------- new trades: SIMO short: sell stop 11.60, stop loss 11.71 day trading target +0.42$ Note: SIMO average daily volume it's slightly lower our standards. Be carefull entering with large $ positions SIMO SHORT overall markets at key levels with long term charts turning bearish, uptrending stocks are risking strong profit taking. SIMO: very clear support line about to be broken, bollinger band squeeze indicates a potentially strong break down
previous day: SIMO short: sold 11.48, bought 11.06 (target), +3.65% (triggered at 11.46, filled 11.48 - opened down with a spike up) -------------------- (EXK short - swing trading position: close market) --------------------- new trades: TYCO short: sell stop 46.95 / limit 46.55, stop loss 47.52 Day Trading target: +0.90$
previous day trade: TYC short: sold 46.75, bought 47.00 (daily close), -0.53% ----------------------- closed positions (last swing trading position): EXK short (9.78): 9.39 (market), +5.01% ----------------------- new trades: CNC short: sell stop 33.52, stop loss 34.14 day trading target: +0.70$ profit ITUB short: sell stop 22.12, stop loss 22.39 day trading target: +0.47$ profit BWC long: buy stop 27.71, stop loss 27.28 day trading target: +0.66$ profit
previous day trades: BWC long: not triggered ITUB short: not triggered CNC short: sold 33.49, daily close 33.88, -1.16% --------------- new trades: HLF short: sell stop 54.20, stop loss 54.70 day trading target: +1.30$ profit ASCA short: sell stop 20.80, stop loss 21.12 day trading target: +0.49$ profit
previous day: ASCA short: sold 20.75, bought 20.45 (daily close), +1.44% HLF short: sold 54.15, bought 52.75 (target), +2.40% -------------- new trades: CF long: buy stop 150.09, stop loss 148.31 day trading target: +4.04$ profit CF LONG all fertilizer stocks easily holding above May lows. CF is the strongest one, it keeps making higher lows, lower shadows in the last few days, volume remained positive, and we have a good intraday setup to play a market bounce some of you may noticed today I didn't post the updates on time... To get all the updates before marker open you should now visit: http://www.winningstocktrader.com Day Trading Portfolio Monthly Results: March +6.86% / +13.91% April: +12.05% / +13.08% May: +25.64% / +28.13% June 1-3: +5.86% Swing Trading Portfolio Monthly Results: March: +15.76% April: +16.67% May: +5.25% June: Entries Only Cheers