Put in a buy stop at 70.70.. but SHW trades lower. Looks like this breakout was a fake as well. There is still hope...it might bounce off the trendline on its daily chart http://stockcharts.com/h-sc/ui?s=SHW&p=D&yr=0&mn=4&dy=0&id=p40067086478
Short swy @ 35.55 stop: 35.83 (.28) pt: 34.70 (.85) NO support on the 10 min chart..just falling -- The breakout on SHW failed...just like the breakout on WAG, and ASEI...these arn't as easy as they seem..or maybe it's just bad luck?... cm69
2/1/07 Bought 80 CAT @ 62.06 stops n/a pt: n/a 2/23/07 Sold 80 CAT @ 67.50 profit 421.20 review: The reason I didn't place stops was because I wanted it to be an investment, but I later changed my mind, and decided to not be greedy and take some off the table. I still have a small position. So far this has been my most profitable breakout/ gap play.
2/1/07 Added 20 CAT to position @ 65.10 stops n/a pt: n/a 2/27/07 sold 20 CAT @ 65.43 profit -7.40 review: I wanted to take a small loss now than a larger one later on. Stops and pt's were not in place because i was lazy. Actually I thought that CAT would rise off its trendline, but this 500 drop in the dow quickly changed that. --------------- 2/23/07 Bought 35 CSGP @ 51.30 Stop: 49.54 (1.76) pt: 56.58 (5.28) 2/27/07 Sold 34 CSGP @ 49.54 profit: -75.60 review: Another breakout that didn't work. ---------------- 2/22/07 Short 50 SWY @ 35.55 pt: 34.71 (.84) stop: 35.83 (.28) 2/27/07 Cover 50 SWY @ 34.20 profit: 53.50 review: You'll notice that my PT is higher than where I actually sold the stock, thats because I decided to put in a .28 trailing stop instead of a hard stop, which I cancled. 28 cents may have been too loose but I stay true to my stop/ profit method. This was a breakout play.
Summary for January trades made: 22 profitable: 14 ( 63.6 % ) Short Term Gain 1,009.72 non profitable: 8 (36.4 %) Short Term Loss -588.15 Largest profit: 267.84 from ISRG Largest loss: 107.55 from AAPL Total gain: 421.57 ------- Summary for February trades made: 10 profitable: 4 ( 40 % ) Short Term Gain 629.72 non profitable: 6 (60 %) Short Term Loss -611.66 Largest profit: 421.03 from CAT Largest loss: 331.58 from GROW Total gain: 18.06
I dont use probably as much margin as I should. I guess the answer is no. -- Lol I just noticed that my % performance to winners and losers was almost exact opposite of january...thank god my p/l wasn't. Also my # of trades was half..hmm..that was not intentional.
2/27/07 Short 100 SNDK @ 37.15 PT: 26.98 (10.17) Stop: 40.54 (3.39) 3/13/07 Cover 100 @ 40.54 Profit - 353.00 review: Shorted at a weekly support level. At that time, who the hell would have expected SNDK to bounce like it did??... ------ 3/6/07 Bought 35 LEH @ 73.99 PT: 78.22 (4.23) stop: 73.58 (1.41) 3/13/07 Sold 35 LEH @ 72.58 profit - 63.35 review: More than likely, LEH will report an amazing quarter tomorrow and I'm going to wish I re-entered this stock, as the stock gaps up 5pts... I had a trailing stop on this position, but later decided to take it off because of a conversation I had with another trader, and replaced it with a hard stop. Still a 1:3 risk/reward, but I wish I kept the TS stop in place.