@TonyOz That helps a lot. Most of these plays seem to be great skyscraper-setups (way overextended as indicated by the Bollinger Bands). If you say, that you've traded them this week, do you include also the plays you took last week and carried over the weekend ? I wasn't able to trade betwenn the 20th and the 31st and it seems that I have missed some great days - since I'm alsways loosing money in choppy days like Wednesday and today CIEN - seems to be a great skyscraper on Friday (Bollinger Bands and Resistance at the Gap) - I'm glad, I didn't try to bottomfish it on Wednesday. IMNX, PDLI - great skyscraper on Monday - IMNX - also bottomfisher on Wednesday ? CSC - where did you loose money ? - in hindsight it looks great, but I also lost some money on it today ! CPN - ? APA, BHI - skyscraper on Tuesday - but they gapped down a lot ? API - ? MSFT - why did you choose it ? Thank you again for your contribution - have a nice weekend ! Harry @ddefina Well I regret that I've been trading the last two days. I think I would have done better on days like Friday, Monday, Tuesday - but that's easy to say in hindsight.
Until you see his number on MSFT, congratulations on a good day (I would use the word AWESOME but I underestimated Sniper before, and I won't make the same mistake .
CIEN short last Friday. Did not carry. Short again on Monday. Don't remember what day I covered, but it was for good profit. IMNX and PDLI Yes Sky Scrapers, carried and closed next morning. CSC stop at 37.20 (damn specialist took it up on no volume) CPN stop at 24.80 (same story) APA, API and BHI were my winners. I actually added to my API and APA shorts before I covered. They went much lower, but also had a huge bounce later. So I cut my losers (CSC and CPN) and added to my winners. MSFT - Bottom fisher yesterday. I liked the intraday chart and the fact it was trading higher than the open. Bought in three different phases and held overnigh (wasn't too smart). I don't have CNBC or news running, so I didn't learn of the DOJ until later - too late.
I had to be in this one. My money management system allows for 400 shares, so I took 1/4 of that I looked at it too long. I had to get some
Here is a word that doesn't belong in our profession Why did I buy it? Because this stock is going to come up on every overnight scan that people run looking for volume. It will show a breakout and might (should be featured on IBD tables). So, I decided it belongs in my portfolio First day of the move on big volume http://www.tonyoz.com/newkid.htm Got to do as I preach