johnpaulca
12,036 posts
msg #76135
- Ignore johnpaulca |
7/8/2009 3:35:09 PM
TWM...moving my stop must open below 46.35 to sell.
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Eman93
4,750 posts
msg #76141
- Ignore Eman93
modified |
7/8/2009 8:53:29 PM
Well its hard to time your exits during work hours....... dumped SDS at 60.10.... in hindsight and I DID think about it..... I should have had a sell order at SPX 870, I expected a bounce at 870 but not a damm rally,,,,,,, my crappy Fidelity trading sight dose not have a "one cancels other order with an index trigger". I had to keep my downside protected. What I did not have prepared was a good exit price ex: SPX 870 what should SDS = XXX.
Well I know what it is now around 61.40 or so..... my lack of preparedness cost me 1.40 in profit.
If I was watching it I could have done better........ I was concerned about holding into the Economic reports hitting in the AM....
If we get good news it should send us back up...... the strong buying at 870 was a sign of weak ass bears scared of the news also.
So if the news is good SPX 870 should hold.... A good day trade could be ANR that thing jumped with the bounce at 870..
So back to cash........ I do think the most of the earnings will disappoint.... I'll be back on the short bus below 870.
Good trading...... I hope the turnaround is just a few quarters out, a friend of my sons father was just layed off.
this is interday alerts so I prealert get long SSO above 870 get short below 870...long SDS.
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Eman93
4,750 posts
msg #76151
- Ignore Eman93 |
7/8/2009 11:34:43 PM
Nice trade John......... I had to bail on SDS I could be underwater by the open......
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johnpaulca
12,036 posts
msg #76153
- Ignore johnpaulca |
7/8/2009 11:37:15 PM
Thanks bro.
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luc1grunt
622 posts
msg #76168
- Ignore luc1grunt |
7/9/2009 7:51:20 AM
eman...consider a side position SHORT in SSO if you are bearish and use SDS as the intra-day scalp/trader for the bigger moves. This can keep a fella from flipping before the trade fully plays out. A smaller size in SSO will allow a larger stop and more room to breath.
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johnpaulca
12,036 posts
msg #76170
- Ignore johnpaulca |
7/9/2009 9:17:35 AM
USD got rejected at ema100 as most stocks do on it's first attempt. This bodes well for resource stocks for the next few days, support for the dollar is not very far so don't over stay your welcome...good luck.
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johnpaulca
12,036 posts
msg #76171
- Ignore johnpaulca |
7/9/2009 9:41:13 AM
FAZ....reversed split 1:10, thought I had hit the jackpot when I saw it trading at $54...dang.
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johnpaulca
12,036 posts
msg #76175
- Ignore johnpaulca |
7/9/2009 10:02:35 AM
APA..long at $68....day trade
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johnpaulca
12,036 posts
msg #76176
- Ignore johnpaulca |
7/9/2009 10:04:21 AM
APC...long at 42.25
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johnpaulca
12,036 posts
msg #76199
- Ignore johnpaulca
modified |
7/9/2009 3:01:49 PM
APA...out @69.11
APC...out @42.77
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