Missed the boat on GTLS...as it went up more than 5% during entry day; sold EOD. Decision was totally rule based. Sometimes...you miss the bus. But there will ALWAYS be another bus! Psychologically...we sold on the 24th as we didn't want to hold over the weekend given the choppy markets. Traded 1.3M vs 440K average (3x) on that day causing volume spike! $57.58 today...maybe it will come back to $52ish before breaking $60? Patience grasshopper!
Seems like we timed our trade right on this one. However, we broker rule on position sizing. We will for sure liquidate half tomorrow. So far, the market have bounced back...as we head towards earnings. After July the lull starts?
Moving our stop in order to protect our 10% profit already... For a while there it was boring with no trades and then....
17% gain in 8 days. Didn't follow the 10% rule; was letting it ride and just did mental stops... Out with TZOO as well... Currently holding AAPL and AAPL options on the long side. Short NFLX yesterday and RIMM
I was asked via PM why I had a short stance on NFLX given the fact that it has slaughtered almost everyone who has doubted its story and given the fact that it will be reporting earnings on Jul 18th. From my own systems' standpoint; there wasn't a sell/short signal. So, in essence, I could slap myself later for going against my self imposed discipline later On the why... - Hit new high; top channel - MACD appears to diverge - anyone wanting a great example of creative presentation on financial statements show download their reports. What caught my eye on this... - My kids saw an ad for it last month; nagged me to join. For $8/mo and free for the first month, I figured...why not? - After the first week, they started complaining about running out of shows to watch! So, I figured...this can't be; let me check it out myself! So i did! Lo and behold, I too was bored after a few evenings watching what they got! Content wasn't great; I ended up cancelling before the trial was over! - So, it got me to ponder...at $8/mo...how the hell is this worth $15B? What is the worse that can happen? With a stop at $315 ($10 Risk vs $60 Reward). It was too tempting for me to pass it up. HOWEVER, I do realize the sentiment on this company need to change (from the current bullishness to bearish) regardless of how crazy the valuation is or how screwed up their financial reporting are for this trade to work out... I could have waited for after earnings....but... Guess we will see what cards we are dealt with...
you are doing good job. but as your title showed, you are trading for a living. I would like to see how you manage your account to make you a living. how to buy/sell when to buy/see is no brain stuff. so I am not interested in that. I have profit withdrawing rule, I withdraw profit weekly and I have a detailed balance sheet, how much profit should be kept for future loss cushion and manyothers
Everyone, plz listen up... Don't trade stocks to get rich... You will "make it", you won't starve if you put your efforts into it... But... Do not do it to get rich... Severe traumatic experience and rude awakening awaits all those who play the market games to build wealth...