Weinstein Trading and Fading

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

  1. Thanks for the kind words and like most traders I am a work in progress.

    As of the end of the second quarter The account is up a little bit more than 25% for the year.
     
    #181     Jul 9, 2008
  2. swing trade alert.

    Looking to go long ELX at around the 10.50 area for a swing trade
     
    #182     Jul 9, 2008
  3. improve

    improve

    Nice return for the year! Keep up the good gain and posts!
     
    #183     Jul 9, 2008
  4. really a slow day. did scalp a little bit but no real trades other than fading a gap with QLGC which did alright.

    Will wait and see if ELX opens lower tomorrow and perhaps go long as it appears oversold by a small amount.

    Also looking at adding to my long with GE

    + 575 for the day
    - 2028 for the week
    + 4336 for the month
     
    #184     Jul 9, 2008
  5. Thanks for the post and for the well wishes. I promise to do my best....

    Best of trading to you as well

    Robert
     
    #185     Jul 10, 2008
  6. Trade alert

    Went long ELX 4@ 9.92 and bidding for more at lower levels.

    I expect this to be a swing trade with a 60 cent profit target or higher.
     
    #186     Jul 10, 2008
  7. Long 2 more ELX now ave 6 @ 9.88
     
    #187     Jul 10, 2008
  8. Ended up closing out ELX today when I thought it would be a swing trade. It moved up strongly right after I bought it.

    + 374 for the trade
    S:C7
     
    #188     Jul 10, 2008
  9. What a great day. Everything either went my way or better.

    The long signal i received with ELX which I thought may kick in yesterday kicked in today and it went straight up after I bought it.

    Lots of scalping fades to keep me busy and none went too far against me.

    Not a record but a large amount of shares for me traded today. around 24K shares

    PPC + 936
    FRE + 509
    LEH + 845


    ELX was the only real trade and that didnt last long
    + 374

    + 2664 for the day
    + 636 for the week
    + 7000 for the month
     
    #189     Jul 10, 2008
  10. Great day of trading. My fades proved to be very profitable in this market.

    while I didn't get a signals to trade I was able to make progress by scalping during the day.

    Second day of trading FRE in a row and the best symbol of the day.
    + 1945
    HPC + 155
    LEH + 834
    XL +670
    HIG + 77

    Have been watching ELX and will be watching it on the open Monday for a ralley (dead cat bounce maybe)

    +3681 for the day
    + 4317 for the week
    + 10681 for the month
     
    #190     Jul 11, 2008