Trading Journal - May

Discussion in 'Journals' started by Seanote, May 1, 2002.

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  1. Seanote

    Seanote Guest

    Closed 2,000 QLGC @ 46.36


    - .32 points
     
    #251     May 29, 2002
  2. I thought it was you selling QLGC at 10:09 on the spike down - why not just BE instead of held on - QQQ gone down the same. Just wondering. You did well so far until then. Good trading.

    Cyberslam
     
    #252     May 29, 2002
  3. Seanote

    Seanote Guest

    I had support around the 46.50 area and once it broke it gapped down so quick that it took me a bit longer to liquidate all 2K shares. I watch NQs along with the stock but also place a lot of emphasis on intraday channeling. You have to be able to stretch a little more with the QLGCs and KLACs when DT because they will usually snap back in-the-money unless futures change momentum and hold.
     
    #253     May 29, 2002
  4. Seanote

    Seanote Guest

    Long 2,000 EBAY @ 57.26
     
    #254     May 29, 2002
  5. Seanote

    Seanote Guest

    Long 2,000 KLAC @ 53.19
     
    #255     May 29, 2002
  6. Seanote

    Seanote Guest

    Closed 2,000 EBAY @ 57.68

    + .42 points
     
    #256     May 29, 2002
  7. ...simply rulez the fReAkIn´ mArKeTz :)

    wtg man!
     
    #257     May 29, 2002
  8. Seanote

    Seanote Guest

    Closed 2,000 KLAC @ 52.96

    - .23 points
     
    #258     May 29, 2002
  9. Seanote

    Seanote Guest

    IMO - If the this stock dips into the 57.15 area (1st support) then finally 57.00 area (2nd support) I'm going long. Be careful about playing this stock with less than 15-20 minutes left in the market if you've not already taken the trade. Spread is fairly wide and you don't want to be forced closing into the close. The fact that this stock is up vs. the market and holding strong is a bullish indicator intraday. If the market rallies before the close this stock should take off.
     
    #259     May 29, 2002
  10. Seanote,

    What was the technical basis for entering during the low volume period?

    Thanks,
    Mike
     
    #260     May 29, 2002
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