CSH breakout today. I'll be watching tomorrows action. http://screencast.com/t/9Af4lgoMpXos Took some EL today off the last hrs action. This is against the rules of how I normally trade. I admit that, but I think there is nothing wrong with a little experimenting . long 150 EL @ 61.66 stop 58.50 target 65 rr = 1:1
Who said anything about investing? It has to do with extracting all you can from your winners. Eg. that Ebay long position mentioned earlier. That's going north with anger. It doesn't even look like taking a breath. It may take a week or 3 months but it will eventually pause/consolidate..........maybe $40........maybe $50. That's when it's time to consider cashing in..........not while it's moving. Good luck though..........
looks like I was right on BRY. Hope this last 30 mins ends bloody for buyers. --- Take a look at this CVX daily ( http://screencast.com/t/MZyxJJzl6n ). THIS is why you don't buy the breakout bar and you want to wait for a 2nd day confirmation that the bulls are still in control. Obviously they are not, as we can see this bearish pin bar. I'm going to take this short if tomorrows action ends red. EBAY - moving stops to b/e. Been in this too long to lose money. Hope the bullish momentum continues because price is kinda close to my stop.. At least I'm safe. EL -- Lets close at the high today, that would be nice to see. I'm keeping my stops where they are. I know a pullback may be around the corner but I don't want to get whipped around. SCSS - May get stopped in this some time this week, but I had a decent run.
AXP, MFC, BBBY, LOW (i like it off monthly) breaking out -- watch for 2nd day (or second week bar if traded off weekly charts) confirmation candle.
Sold 200 SCSS @ 33.31 698 Sold 100 SCSS @ 32.98 316 covered 300 BRY early @ 51.72 282 net 732.00 I still have 610.50 in unrealized gains for the week on EBAY and EL. both have performed well so far. Have a good weekend.
Got some LVS at 59.53. Little late on entry. Should have went long on last weeks candle. http://screencast.com/t/eCz6fbmr .
long some FRO at 9.42 Taking a bit of a risk on this one because I should be waiting till friday to take this considering I'm trading this off weekly bars. Last week we closed above the resistance, but im hoping that the high volume keeps FRO above water this week. http://screencast.com/t/9bXMEvuNB4U