Made a mistake and paid for it. The oil numbers came out and the inventory build was greater than expected. This in turn made me believe that the price of oil should go down. I shorted oil and it went up and I faded it and it kept going higher and higher. I didnât have a signal and I just âthought it should go downâ. This is something I know not to do as my thoughts on a price are no better than a coin flip or if better probably not by much. This along with my normal style of fading which works great with my signals does not work well without a signal. Oil reached 84 and after getting up out of my seat and taking a deep breath I said to myself âyou do not have a reason to be short oilâ and I closed out the trade. That was the only part of the trade that I did well as oil kept going higher and as I write this oil is at 84.175 bid. My trading has been going very well and why I took this trade and more importantly how to maintain 100% of the time that I should only trade my setups is something I will have some time to think about before the market opens again. My overnight worked out well but I was not fast enough to get my target gain. I did make out alright with it and overall happy but will try to improve the results in the future. The future will be soon as I took another short with CRM via buying puts into the close today again. I did ok with GES except IB had an issue with quotes this morning and I was not able to trade it correctly (no quotes at all) so I did my best using tradestation for quotes and simply closed out the trade. Soday was one of the only trades today (that I should have taken) and did pretty well considering the small size VHC also was a 10m double overbought signal that I faded. Overall I am up somewhere in the 9-10K range (I dont know the exact number as I am trying not to focus on the numbers but rather on the trades) for the month after the setback today so while I am not totally happy with my trading today I am glad I am still going in the right direction overall. CRM DEC 140p + 510 GES + 22 QM oil â 5119 SODA + 79 VHC + 55 - 4451
Today we are Americans one and strong. Today we celibate united as one people just as our states make one great nation on our one great American day. God bless America along with my brothers and sisters joined together with me having our flag waving high above and our constitution solidly below. We are the land of the free and today we give thanks for those that made it and continue to make it so. Happy Thanksgiving America !!!
Good one Robert. Happy TG to you and your family. I ve lived in a few countries and every country has some divisive forces. Look at our neighbors to the north_quebec wants to separate but this is "United states of America" and thats what I love about this country-that was one of the most beautiful things about the speech Obama gave ( i am not a big fan of him but still give credit where its due)
I was done trading in under four minutes today so not much to say. The only eventful event was once again when I tried to cover the puts I bought during the close of Wednesday for CRM I was unable to execute my trades. The bids where there and the exchange picked was ââ¬Åsmartââ¬Â but due to another failure of IB to transmit the order to the correct exchange I missed out on the best prices that I could have received. Based on the last time talking to IB staff I should use directed orders to the exchange that is posting the bid I want to hit but to do that manually is easier said than done. I would rather IB just make their software do what they claim it can. CRM Dec 140P + 296 CRM DEC 145P + 357 I would have taken another short position with CRM during the close but my wife made it very clear to me that I was to be at dinner by the time the market closed and I needed to drive a half an hour. I did put some orders in but needed to be extra conservative due to not being able to monitor the orders into the close. I missed getting short but I kept my wife happy. I guess in the grand picture that puts me up for the trade : o ) + 654
Once again a slow Monday. I did have a few trades but nothing that really ran hard. I did a lot of shares with AMRN and faded the gap higher. This would be a good example of how being with a cheaper broker would really matter. I had plenty of buying power left and used very little leverage when IB would not allow me to short any more of this stock. I am not really sure why this was but I had to adjust the way I was trading it and it cost me some gains. CEU was halted but not before I traded and faded the move lower. I didnât get very big and expected further downside so I only scalped most of what I did buy. I did have 200 shares that did well and bring in the bulk of the gain. LEI was overdone and faded the move. I didnât get to crazy with it as its not much more than a penny stock. AMRN + 345 CEU + 89 LEI + 191 + 625
Had one win today but mostly it was a day of getting beat up. Today started out with MCOX and I faded the move down but caught up with it a little early. I ended up trading out of it but I didnât get nearly as much as I hoped I would. I allowed it to move higher and was looking to get out around 9 but I guess everyone else was also. MCOX fell back and I stopped out before it turned into a loser (for the shares I still had). I have had some issues with going long based on my signals but I had what I felt was an âokâ long signal with IGTE. I didnât like the daily as it seemed to be overbought and due for a pullback but the sell off was massive in relation to the news and relative to the whole market. I tired to trade through this move as it was never ending but by the end of the day I was still long and underwater for what I have and what I closed out. I am going to look to see if I can cut back some more in after hours (I sold to cover some at 20.00 in AH). So I spent much of the day thinking that it was such a strong move it should have some sort of dead cat bounce and thinking that it was so far overbought that a move like today doesnât make it very oversold overall. One thing that did keep me long and wrong was the short interest reported a couple of weeks ago show about 18% of the float is short. I thought some short covering would give it a bounce but every push higher with any size was met with a wave of selling pushing it lower. It was not a fun day to be fading. A positively received statement by the company after this blood bath would be a welcome sight but I surely donât think it will be coming before the open tomorrow. This ends November on a sour note but at least it ends positive on both a realized and unrealized basis. I am unsure what the actual number is but will be looking Thursday or Friday when the report is ready. MCOX + 564 IGTE â 1721 - 1156
What a great day today even if I did have to start very early. My carryover from yesterday with IGTE (19.32 ↓-3.40%) turned into a great trade but most of it was done in premarket trading. I was almost totally out before the opening bell and while I thought I was getting out a bit early the stock sold off hard again today. IGTE has a look that somewhat is like the overnight that I took at the close today with DECK (79.94 ↑3.95%). EURX (11.86 ↑8.11%) is being bought out for $12 and I traded some shares for a small scalp and build up the volume for the month. Still planning on moving so I guess it doesnât really matter how many shares I trade but you never know.I faded JCG (43.86 ↑0.32%) today after it moved higher than FV during the day on hopes that they will receive a better bid. I think that the chances are unlikely but more importantly the price is rich for anyone that is holding a large gain with it. Great example of pigs getting slaughtered if the deal falls apart and the bag holders are left wondering why they didnât take the easy money and move on to finding something better. APKT gave a B9 signal and I was able to make some really nice coin with it and then when it moved back higher I faded it for a second time and was able to get some more. All without getting my hand caught in the cookie jar⦠That was about it for the day. Spent some time working on stockfinder again and some setups. I am going to have to get up early once again due to DECK as I am short both stock and call options. I wanted to get more short the options but no one was willing to pay up for them (I guess the handwriting is on the wall of what a blood bath tomorrow is likely to be). with a daily price decay of about 30 cents even if DECK does move higher it will be hard to make money for whoever bought them. I am shorting more DECK in after hours and even while writing this post. I am trying a new plug in that allows for charts to be automatically linked into the post. I hope it looks good. APKT was the best intraday trade + 814 EURX + 18 IGTE + 521 JCG + 23 + 1375
Very nice work. Congrats on the solid November! Just curious. Is your B9 signal a completely custom-made signal? Also, do you trade multiple TF's or just 1 set TF?
Thanks. it had its share of ups and downs but I just looked and it appears I was up a little bit better than 6K for the month. Its been an interesting ride this year. I feel that I am a better trader than I have ever been and learned a lot in the last couple of years with this year especially being an experience. Most of my trades involve multiple time frames that need to come together to make a setup. This is probably the biggest reason why I often don't have very many trades in any given day (today was the most I have had in maybe a month or two) All my signals are self made. Many have grown from things written by Tom DeMark and the fading the public is probably the biggest aspect of DeMark concepts that I use. Best to you Robert