Weinstein Trading and Fading

Discussion in 'Journals' started by Robert Weinstein, May 5, 2008.

  1. Just two trades today

    I also did short the Treasury 30 year Futures 118.50 Sept call option at 11/64s. I may add to this trade if the underlying moves higher tomorrow.

    I did not short any of the gap ups I was following at the open as non of them fully qualified for me. My first trade was about an hour into the trading day with ANR and lasted almost an hour until I totally covered. I was able to get a full target gain with it was a very good trade from entry to exit.
    ANR + 3090

    I also had a trade with LNN today that worked out pretty well. I kept the size pretty small as it was a low volume stock with a larger price tag. I was able to short near the top of the move and held for a nice gain. I spent about an hour in this one as well.
    LNN + 622

    That was pretty much my whole day trading. I was able to get caught up with the WSJ and some other work that was needed to get done.

    + 3713 Day
    + 12197 Week
    - 1346 Month
    +
     
    #991     Aug 13, 2009
  2. Great job! Green looks good on you :) Keep it up.
     
    #992     Aug 13, 2009
  3. Hello TraderSU,

    THANKS !!

    Not a bad week at all. Going to try to repeat it next week as well. Hopefully we can have some up days in the market to make it easier to find trades.

    Have a great weekend

    Robert
     
    #993     Aug 14, 2009
  4. Just one trade today during the open

    I traded ANF and that was my one and only trade for the day. Spent the rest of the day doing research and looking at setups.

    ANF + 453

    + 453 Day
    + 12650 Week
    - 893 Month
     
    #994     Aug 14, 2009
  5. Mostly traded to the long side today

    Market was way down and it was hard to find anything that was up today. Once exception to the down rule today was with ALGN. Not only was it fighting the tide it did so very well. It was higher than 30% up at one point near the end of the day and even provided a limited signal that I exploited for some quick gains. I also traded CI to the short side but otherwise I was long in the other bigger trades.
    ALGN + 696
    CI + 133
    IDCC + 1244
    RST + 927

    + 3001 for the day / Week
    + 2108 Month
     
    #995     Aug 17, 2009
  6. RW I am happy to know that you are green for the month.Its really nice feeling.I am trying to put myself in the league of big winner/big hitters like RED INK,NEKE and RW. After 8 weeks of paper trading SPY option ,I got my first trade .Still very risky and ify.All you three guys are really great when it comes to risk. Great trading lately Bob,good luck.:D
     
    #996     Aug 17, 2009
  7. :eek: :eek: :eek:

    Awaiting other signs of inevitable Apocalypse...
    Oh, and congrads on going green for the month :D
     
    #997     Aug 17, 2009
  8. nice trading, RW. Let me know when your ready to get some of your ideas published--- all good stuff!

    surf
     
    #998     Aug 17, 2009
  9. Hello TraderSU,

    Hey thanks a lot !!

    I hope your trading is going well and thanks for taking the time to post.

    Looks like I might be setting up a bank of stock finding computers in my attempt to scan all of my ideas.

    Respectfully

    Robert
     
    #999     Aug 17, 2009
  10. Hi BostonKiller,

    LOL yeah, I really don't go long very often anymore. While I have always tended to be more of a short I actually went long a lot more often before a bad UAUA and then again after LEH

    In proof that you can teach an old dog new tricks I took some lessons from when I was starting to fade gaps during the first quarter and actually went long a gap up today with HURN.

    I actually hope to do more trades to the long side as I am working on several setups.

    Best to you BK

    Robert
     
    #1000     Aug 18, 2009