http://www.stockrake.com

First the bad:
My trades today overall lost money.
So out of the gate I’m into a bunch of stocks:
BIIB, PRGN, FMD, BONT, JRJC, FCL, WNR, STLD, ATPG, XIDE, short QID, APWR.

About 30minutes into the trading session and I’m up overall as FCL, WNR, BIIB, PRGN, and short QID start moving my way. Then the market rapidly deteriorates and I sell everything. Overall a loss.

Then around 10:45 rolls around buy signals still there, I roll back into FMD and start looking at ETFs. ERX, FAS, URE as well as shorting QID and TWM. Most get sold for losses. All losses are kept small though on both time frames.

Around 1 o’clock I’m selling almost all of the above. FCL was one of the few I hung on through till now and I sell for profit. I go into SRS on a breakout at 2:26 only yo sell it 5 minutes later. SRS moved I think 4 bucks in 5 minutes during this time frame. I’m telling you if you didn’t watch today’s tape you would not have known how volatile it was.

So 3:30 rolls up and Dow is pulling off from being down -80 to -0.08. I start going back into things that are working and are on buys and are seeing volume come in.

I also sold URE and FAS at the end of the day as they are fucktarded the way they traded today. They might have huge moves up and I’ll buy them then, but they really traded in a screwy way today.

What I did buy into the close:
GIGM, FCL, FMD, PRGN, GNK, TBSI, GRA, and short QID. Now the positive thing is that I’m flexible. I could’ve sat out after being frustrated with the day and letting it all get to me like 98% of traders would, however, I went back in and bought the things that were buys on my charts. This is the flexibility that is going to make me a better trader. Note 3 Dry Bulk shipping stocks in there. Coal stocks were strong as well today which is what FCL is. Look at BUCY, JOYG, PCX, ACI, and BTU tomorrow.

There is a big battle going on in the SPX at the current price, but a positive thing happened today:

I’m also looking at buying DXO above 3.05.

Related Posts