I usually don’t do as well as I’d expect (or like to!) on days like today when the market bolts out of the gate and never looks back. That’s because I wait until after 10:15 to enter positions and a good portion of the move was already done by then. For example, the [...]
It’s been a good few days for me. I had my second biggest profit today since I’ve been daytrading and last Tuesday was my third highest day thanks to that CMED trade. Today should have been a record day but I bailed out of my shorts a little too soon as that 3:00 [...]
My short of CMED was the best and worst trade of the day. It was the worst because I broke a couple of my rules on it. I let it go too far against me and I averaged down. This was actually going to be a swing trade but it turned into [...]
Obviously today was a good day to be long. I ended today with a 15R profit. Half of that was from a trade in ISRG and the remainder came from 6 other winning trades and one loser. (I’ll take that win ratio any day!)
I was watching ISRG because I liked what it [...]
Here are my best and worst trades from today. The first was, as the Chairman would say, the quickest loss ever. I bought EFII at 1:34 just after it traded above the high of the 1:15 candle (see the arrow on the chart). Six minutes later it traded below that same candle [...]
I only took one trade today, which was another short of BIDU. I was actually shocked that there were shares available after the open because there were none available in the pre-market. I saw a few thousand shares become available around 9:40 so I figured I’d better snag some while I could. [...]
I took two trades in BIDU today. The first ended with a small gain and the second was a 3.8R winner. Neither of these trades was what I’d consider one of my core setups. I entered the first trade because the market was weakening and I noticed that BIDU was heading towards [...]
If you heard a grown man crying today that was me crying over my CELG trade. I mentioned that I was watching it in one of the intraday updates today. I first saw it on one of my scanners and I waited for an entry point. I bought above that tiny [...]
What a day! This was the best day in well over a year (maybe two) for me. I took 10 trades, 7 of which were winners. Charts of the big R-multiple winners are below. I didn’t annotate the entries b/c the true dummies already know where they are.
SERO [...]
Here’s a look at how my new position sizing methodology helped me out on a trade in GOOG today. With my old position sizing, where I would buy a fixed dollar amount of stock I probably wouldn’t have even looked at GOOG because I would have had so few shares that I would have [...]
Top New Books
