"The only way to trade with Fibonaccis" journal

After reading this I thought.... "makes me think of that fib guy on ET"

http://www.smbtraining.com/blog/randomness-revisited-random-levels

 

3/5:

No trades, but whoa, did we just have two down days in a row?!

 

Gap down outta nowhere!

Long 200 shares @ $135.11 this morning.

@dv4632: thanks for posting that link. I'll check out that article today!

 

3/6:

SPY: -$79.00

Net for this trade:
--------------
-$79.00

 

3/7:

SPY: $109

Net for this trade:
---------------
$109

 

3/8:

SPY: $379

Net for trade:
--------------------
$379


I'm attaching a chart of the P/L of this trade. Right now it's just the SPY position. Not sure how this will change in the future as I may add other stuff to it.

 

Order to close current position @ $138.15.

 

3/9:

SPY: $485


Net for this trade:
------------------------
$485 (open SPY position)

 

SPY closed 1 cent higher than on Friday.

3/12:

SPY: $487

Net for this trade:
-----------------------------
$487 (open SPY position)

 

Position closed at $138.70.

Net for trade:
---------------------
$704 (closed SPY position after commission)