Trading Journal - June

I have a post on an old thread that explains this. I'll find it and paste it here with some additional details today or this evening.

 

Short 2K EBAY @ 63.21

 

This is one short I will not hold Overnight (ON). EBAY broke major resistance levels could continue to run. I'm just playing the recent gap up on an already strong day. I don't see this market rallying too much further into the close. I will most likely hold JPM ON.

 

Seanote,

You really like to stick your head in the lion's mouth, don't you?

 

I must have grown up in the circus because I felt and feel very confident about that play.

 

Seanote,

It's been noted before that you have large ones.

 

I've been watching that stock all day and was thinking the exact same thing as Seanote, I just cant trade it, cuz I don't have that kind of money. But still a good learning experience.

 

tough shorting environment today

 

I like EBAY as a short here too, although I'm looking for a better entry probably tomorrow a.m. It is overbought on the daily but not yet on 5 min. I don't see much more upside before reversal to atleast 61 area.

Just my 2 cents

Tony

 

EBAY is a nice mover, but there are easier things to short.