Long VRTS (Bottom Fisher) Entry: 21.57 Stop: 21.45 Target 23.23 Bailed at 21.59 - stock not moving & selling pressure. Mike
Bulfighter, INTC seems to be dragging everything down with it. I was long on BRCD got a good gain....sold off though late in the afternoon, once INTC started south ....same with BRCM. Had to reverse on BRCM and short it...did ok...dumped it though...because afraid it might pop in the aftermarket. The past few days the market has popped int he early day and then sold off late...if it keeps this pattern up...I am going to hit em good. I suppose I better watch out though...this damn crazy market is likely to go on a run either way.
IPLY guess this stock fits oz scans entry 48 cents stop 44 cents 1st. target 65 cents (last volume spike high)
I just started this website today. Why would you only hold for 30 secs to 3 mins. That is obserd IMO. Unless you make a market or are crossing trades that is a very, very tough way to trade. why so fast?
I traded ERTS 3 times today. It came up on Ususal Suspects. 2 Days ago it broke the 50 Day MA - showing some weakness. Yesterday, it busted through recent highs (64.50) and closed at 65.21 (High of the day). Today, it started showing weakness as the futures peaked at ~10:30. The MM's were driving the price up on low volume and then dropping it off sharply every time the futures dipped. I shorted it 3 times. 10:15 SLD@66.27 10:18 BOT@66.00 11:32 SLD@65.68 11:39 BOT@65.69 13:14 SLD@65.47 13:27 BOT@64.98 Mike
Long CKFR (Usual Suspects) Entry 9:48@20.75 Stop 20.70 Target 21.45 I bought in on a slight pull back. This trade was painstakingly boring. It traded between 20.70 to 20.90 until 11:11. It broke out and reached 21.15. I should have sold there, which was just over the PivotLine. Instead I hed on and bailed at 11:40@20.88. I tried going long again at 12:31@20.44, stop 20.40, target 21.10. I got stopped out at 20.39 very quickly. I was trying to catch a reversal at the Pivot Line. Mike
Bullfighter, I notice CKFR rev'd at the pivot line at 13:21, would have been a nice short. Always tough trading triple witching week.
INTU came up on Usual Suspects Scan. I bought in after it made a slight pullback at 9:54 - It did not make a lower low. Entry 47.26 Stop 47.10 Target 48.30 At 10:00, it rocket up to 47.60. I did not sell. I knew it would pullback but I wanted to ride it out. The futures turned. As they fell, the stock did not sell off sharply. It did violate my stop of 47.10 but I decided to lower it to 47.00. (I still had a 3:1 R/R ratio) There was Great support at 47.00, but in a state of nervousness, I clicked the mouse and sold at 47. I was pissed at myself so I got back in at 47.02. Let's see what happens. Mike