4/12 - 4/19/07 Bought 100 CCRT @ 34.39 Sold 100 @ 36.33 Stop 33.70 stop (.69) pt: 36.46 (2.07) cut short profit 180.00 review: Wanted to take some money off the table. Resistance is near, and I'm thinking about getting back in VLO...so I need to free up some cash. I cut my pt by 13 cents, so i more or less made my goal. What I like most about this trade is that my 1:3 stop method actually held up with this trade...usually the stop is too tight or pt too far away.
4/5 - 4/20/07 Bought 40 CAT @ 67.89 sold 40 @ 71.37 stop: 64.70 (3.19) pt: 77.46 (9.57) profit 125.20 review: I still like CAT even though I didn't hold to my pt 77.46. Cat gapped up two days already, and this might mean that next week is going to be mostly a correction, before going higher. Two great trades so far this week.
4/16 - 4/23/07 Added 100 to CFC @ 35.59 sold 100 @ 36.78 stop: 36.78 pt: n/a gain 105.00 review: got stopped out. -- 4/20 - 4/23/07 long 50 VLO 65.49 sold 50 @ 67.52 stop 63.90 pt: 70.26 gain 87.50 review: Sold because my emotions got to me...I thought that my pt of 70.2 was not realistic because the stock would have been overbought way before then, making the hold, a low probability trade. On a side note, I dont think I've ever had this many profitable trades in a row like this before .
got a buy stop at 43.60 for 200 on SNDK. This is 2x the size i normally trade, so lets see what happens. I'm still long CCJ, CAT, CFC.
4/25 - 4/26/07 long 200 SNDK @ 43.80 sold 1/2 SNDK @ 45.27 stop: 42.4 profit 133.00 after hrs scalp long 100 @ 42.42 sold 100 @ 43.15 profit 59.00 total of both: 192.00 review: I bought SNDK after the bounce the day before. But I forgot to check for earnings, however because they reported after the bell, I thought I could hold SNDK till the close. I sold half my position near mid-day, then the rest in after hrs. The day trade I made was actually a mistake. Instead of selling 100 shares, i went long 100...but no big deal, i made a quick 60.00. --- 4/13 - 4/26/07 long 100 CCJ @ 47.32 sold 100 @ 45.94 stop: 45.94 pt: 51.46 profit - 152.00 review: Bought the bounce into the trend. I should have paid more attention to ROC, eventhough the stock was consolidating.