Tuesday, June 9, 2009

An "Ok" Day

NQ: +3.25 on two trades.

Pretty happy about that. I am using this strategy I found on the elite trader forums: http://www.elitetrader.com/vb/showthread.php?s=fe382235ce93ea0b67726cba9fd015b5&threadid=162375:

Going to paper trade that for a while to see how well it holds up over time.

MRNA: -$16

I walked away from this trade to go make breakfast, and when I came back it had gone from 2.60 to about 2.89 then back down to 2.72. I got in at 2.76 and got out at 2.72. Shitty trade management, but I would not walk away from a trade like this in my real account so I'm not too worried about that.

I also would not normally play a stock that gapped up so big, but IL alerted it so I went with it.

PMTI: Holding O/N

This stock I saw on Tim Syke's blog saying it is a potential short. After looking at the chart I went short at $17. My stop is at $17.49, and I will hold o/n if it doesnt ramp up into the close like it looks like it might do. The chart looks ripe for a chart. It has a red floater above the UBB, and the volume is decreasing. Just look at the chart:

2 comments:

Walter Sobchak said...

keep up the great work on the blog ::beer

Bryan said...

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