Weinstein Trading and Fading

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

  1. Mostly a slow AM but the afternoon was ok

    Traded both the 90 and 95 Aug SPWR calls today. Did well with both

    Shorted the SPWR 90 Aug calls due to not having shares to short with IB + 1337

    shorted the SPWR 95 aug calls around noon my time due to pricing being overbought. +650 (bought 4 of 18 back at .05)

    scalped
    IAR +8
    CY + 78

    Traded CNC again today. bought back most of my short. + 406

    IB doesnt show a realized profit for the OTM options that I shorted today. Manually adding that back in

    + 2512 for the day
    + 351 for the week
    - 2979 for the month
     
    #241     Aug 15, 2008
  2. NoDoji

    NoDoji

    Awesome day 1R, nice trading! I will miss "Die, CNC, die!", but you probably won't :D
     
    #242     Aug 15, 2008
  3. Thanks for saying so.

    I could have bought all the shares back as there was some large asks but I think it has further to go to the downside.

    Why would I buy back at the current price if i thought it was going lower?? simple, CNC was trading about 5K shares per 30 min bar today in volume. I thought I would take some off the table while I could with the large seller. Now I still have pretty good size 1600 shares give or take and I dont have to worry about being moving the market too much if it goes against me.
     
    #243     Aug 16, 2008
  4. Closed out CNC. What a trip. Little bit sooner than I really wanted but I am up in the black hills deadwood on vacation with the family and thought it would be worth closing at a profit and not have it on my mind. I

    I also only traded for about two hours today as a result of trips to the reptile gardens and a ride on the 1880 train. : o )


    off to hike in mt rushmore and see the light show.

    CNC + 796

    scalped for pennies while waiting for somthing to come along. Nothing did

    UB +75

    + 871 for the day / week
    - 2108 for the month
     
    #244     Aug 18, 2008
  5. In the black Hills for another day so this trading day is short.

    No signals but was able to scalp UAUA and UB today

    UB +150
    UAUA + 135

    off to do some hiking in the hills with my family.

    + 285 for the day
    + 1156 for the week
    - 1823 for the month
     
    #245     Aug 19, 2008
  6. On the way home from the Black Hills today. Great trip. The whole family had a great time and we even were able to do some horseback riding.

    Today is a short trading day and in fact I have already checked out of the hotel and using a sprint card to my laptop to post this update.

    scalped UB again today but as expected volume is dropping pretty fast so was not able to get much traded +53

    TSRA was another scalp that I let the profits run a bit. +440

    Only trade today was ENER. traded it twice today. first at the hotel during AM and again while traveling (gotta love technology) (wife is driving) + 316

    + 811 for the day
    + 1967 for the week
    - 1012 for the month
     
    #246     Aug 20, 2008
  7. Trade update

    Will be looking to short LDK about 1% above todays close.
     
    #247     Aug 21, 2008
  8. Just 'rode' into town and now home. After seeing many of the 'homes' from the homestead days of the late 1800s (more or less holes in the ground with bare floor and no running water or electricity) I am extra glad for what I have.

    Was able to trade some while on the road with a sprint card and my laptop. No charts as i was having some problems but did trade QM. Faded the move up but while I wanted to hold for more, I put in an order to close because there was only about half an hour in pit trading left and didn't want to hold overnight. Not sure why not but it doesn't show up in the PnL so I am manually adding it back in (it does show in the trades though. IB really needs to improve its reporting) +163.50

    Scalped UB again (gonna milk that for as much as I can but I think its about done) + 36.34

    did get a signal for PLCE but due to computer issues I did not know what signal and at what price. I treated it with caution so the profit is about 20% of what it would normally be + 119

    LTD is a scalp that I carried part over. + 126 and still short 5 that is slightly in the green


    ENER was a great trade the whole way through.faded the first move up and held on for a larger than normal gain. + 1105

    + 1551 for the day
    + 3518 for the week
    + 539 for the month
     
    #248     Aug 21, 2008
  9. First day back and had some computer issues but I guess that par for the course.

    Made some trades today and tested some new scalping methods.

    Scalps today
    UB still working but started very late and didnt push it. + 8

    ALO + 73

    ETFC + 5

    Faded the BCSI move. + 1363

    Still fading LTD. small position carry over to Monday.

    + 1449 for the day
    + 4967 for the week
    + 1988 for the month
     
    #249     Aug 22, 2008
  10. NoDoji

    NoDoji

    Nice week for you, too, and more impressively most of it while on vacation :cool:

    (Traders never rest)
     
    #250     Aug 22, 2008