you are right ... majority of the time i am pairing into positions ... especially on volatile stocks .. this is why i elect the options...
the best fades were with the sympathy plays ... which i unfortunately avoided .. but EBAY obviously worked out on the break .. i tend to...
my girl is pursuing acting .. and most importantly , i love the city.. also the interaction w/ other traders .. will keep a place in Miami...
penetration of the lower band and far from the MA .. probability for a snap back into the channel is high..
yes live in Miami Beach , but i am moving to NYC this summer..
earlier comments said i was looking at OSTK/GOOG for a better fade .. well i didn't listen to my own judgement and went with EBAY instead ......
8:21:13 SellShort 1000 RMBS at 22.02 on ARCA (1000 traded @ 22.1000) Executed 8:53:17 Buy 1000 RMBS at 21.65 on ARCA (1000 traded @ 21.6500)...
don't be upset if you leave profit on the table ... sometimes electing an entry too early can save you from the trade coming back to you. i...
watching the big gap downs in the am for possible fades ... GOOG and OSTK are the most favorable ... cheers :)
no further trades today .. watching earnings tonight .. net +$1295usd
it depends on the price action ... but i like the first 6-9 minutes
i use mental stops based on my own risk tolerance (which is high) normally since i am trading against the trend, i do not expect my first entry...
not really a system ..but more of a trading model based on pattern recognition .. :)
nice on YHOO .. i had my eye on it but felt there was more profit for me in OSTK .. but congrat's :)
thanx man .. i will definitely look into it :)
thankx reid .. realtick actually does some nice scans .. its really all i need and all i have ever used .. :)
OSTK seemed like it would wiggle more (and it did $2.00 vs YHOO $.70) .. scanning the news and knowing what is going on ..and most...
OSTK for the gap fade ..traded the intrinsic value of the 70 puts (in the money) for leverage. OSTK didn't do quite what i wanted and shook me...
wtg schaefer :)
yes .. i picked the wrong gapper this am :-( live to trade another day ..
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