I didn't find the time to post my trades of the last two trading days, so here is a summary.
Thursday: I got stopped out of one swingtrade, PTIE for a 3.74% loss. The IWM-swing didn't work out either, it gapped down big and I sold pre-market. The call was my insurance, which I both back cheap. It turned out I bougth IWM a day too soon.
I overtraded on my daytrades, SINA and BIDU both started well, but only went up little and reversed to stop me out. Same thing later in the day with EP and OVTI. Only one winner, DNDN. In hindsight, it was all in the volume.
Friday: I tried trades in URBN, RIG and OLN. They ended up as a loser and two breakevens. I bought WTW right at the open (nice breakout of a bullflag) which was a nice winner.
I also bought SPY-calls (May-expiration), expecting more upside next week.
Other swing-longs I got involved in on Friday: CT, OME, AVL and GGC. The SABA-trade is doing well so far.
Showing posts with label PTIE. Show all posts
Showing posts with label PTIE. Show all posts
Monday, April 18, 2011
Wednesday, April 13, 2011
Good and bad news
The good news first: we held support and some indices even managed to put in a tiny gain. The bad news: we're not safe yet, not by a long shot. However, support-buys seemed to work better today than they did yesterday.
Swingtrades
I tried a few swingtrades with tiny positions. NVLS didn't work (rejected by the 5EMA), but I'm still in PTIE (entry 9.35) and SABA (in 9.34). I went long IWM when it started to turn up from the low (and it's 50MA). Price rallied untill the next pivot-point and than fell back a little. I scaled out most of my position, but will swing a small size in case we get a higher open tomorrow. I also sold some April 83-calls to have more cushion, limiting my upside as well as the downside. Expiration is this Friday, so if we stay under 83, I can keep the premium and stay in the trade unless it falls under my entry (SL now near BE).
Daytrades
Only one daytrade, EXK. When I spotted the stock in my scans, it was already up from the ideal entry-point but I entered anyway. I had a good feeling about it, price bounced nicely from the 5EMA on the 15m-chart and from the intraday-high from yesterday afternoon. A nice rally followed and I took partial profits near the ORH. I hoped the stock would go to R2 (@11.89), but 11.64 was the top. Sadly, I didn't take profits there and gave the stock too much room in the hope it would turn back up. Exit of the main part was little above BE.
Swingtrades
I tried a few swingtrades with tiny positions. NVLS didn't work (rejected by the 5EMA), but I'm still in PTIE (entry 9.35) and SABA (in 9.34). I went long IWM when it started to turn up from the low (and it's 50MA). Price rallied untill the next pivot-point and than fell back a little. I scaled out most of my position, but will swing a small size in case we get a higher open tomorrow. I also sold some April 83-calls to have more cushion, limiting my upside as well as the downside. Expiration is this Friday, so if we stay under 83, I can keep the premium and stay in the trade unless it falls under my entry (SL now near BE).
Daytrades
Only one daytrade, EXK. When I spotted the stock in my scans, it was already up from the ideal entry-point but I entered anyway. I had a good feeling about it, price bounced nicely from the 5EMA on the 15m-chart and from the intraday-high from yesterday afternoon. A nice rally followed and I took partial profits near the ORH. I hoped the stock would go to R2 (@11.89), but 11.64 was the top. Sadly, I didn't take profits there and gave the stock too much room in the hope it would turn back up. Exit of the main part was little above BE.
Subscribe to:
Posts (Atom)