Trades for 28th September,2012
Simply there were no stocks that met our trading parameters.
So what did we do? ...We walked away....Yes ,we walked away with no trades!
Discipline,discipline and more discipline.
Remember, You are here to make money for life. Not just for one day.
So if you can't find a trade, take the day off.
River will still be there tomorrow when you come back, fresh and more disciplined.
Sunday, September 30, 2012
Thursday, September 27, 2012
Trades for 27th,September,2012
You don't have to trade all day to make money
Trade 1
Long RVBD
RVBD was basing at the top for over an hour. All indications were that
an breakout was imminent. I entered trade just as it broke above base.
Entry 20.53
Stop 20.41 stopped out for -.12
It came down and stopped me out.Then started moving up and hit 23.80
without me.
Trade 2
Short CPHD
CPHD gapped down.
I entered the trade at 37.25. I was waiting for the confirmation
of the pattern even though I could've entered the trade at 37.60
Entry 37.25
Stop 37.55
Target 1 37.00 covered 1/3 +.25
Target 2 36.75 Covered 1/3 +.50
Target 3 36.00 More +1.25
Target 4 35.50 All out +1.75
I could not have asked for more !..HIt all my targets.
I was done by 11.30 am. When you get a good trade like this,
it is a good time to walkaway.
Now I have the rest of the day to myself.
You don't have to trade all day to make money
Trade 1
Long RVBD
RVBD was basing at the top for over an hour. All indications were that
an breakout was imminent. I entered trade just as it broke above base.
Entry 20.53
Stop 20.41 stopped out for -.12
It came down and stopped me out.Then started moving up and hit 23.80
without me.
Trade 2
Short CPHD
CPHD gapped down.
I entered the trade at 37.25. I was waiting for the confirmation
of the pattern even though I could've entered the trade at 37.60
Entry 37.25
Stop 37.55
Target 1 37.00 covered 1/3 +.25
Target 2 36.75 Covered 1/3 +.50
Target 3 36.00 More +1.25
Target 4 35.50 All out +1.75
I could not have asked for more !..HIt all my targets.
I was done by 11.30 am. When you get a good trade like this,
it is a good time to walkaway.
Now I have the rest of the day to myself.
Trades for 26th September,2012
Trade 1
Short FSLR 1st Entry 20.19
Stop 20.35
Later reduced Stop to .28 and I was stopped out -.09.
2 nd Entry 20.55
Stop 20.68
Target 1 20.45 coverd 1/3 for +.10
Target 2 20.40 covered 1/3 for +.15
Target 3 20.30 covered 1/3 for +.25
risk/Return .13/.25 =192%
But remember we lost 1R in the first try. Still we managed to recover.
At any time maximum loss is 1R. No exception.
Trade 2
Long BIG this stock had a major fall yesterday. See trades for 25th.
And it was running up nicely.
Entry 29.76
Stop 29.65
As it moved up I raised my stop to 20.70 and was stopped out for -.06
This goes to show that losses are a part and parcel of trading. Not all are winners. But the key is to keep losses small and wins big.
Trade 1
Short FSLR 1st Entry 20.19
Stop 20.35
Later reduced Stop to .28 and I was stopped out -.09.
2 nd Entry 20.55
Stop 20.68
Target 1 20.45 coverd 1/3 for +.10
Target 2 20.40 covered 1/3 for +.15
Target 3 20.30 covered 1/3 for +.25
risk/Return .13/.25 =192%
But remember we lost 1R in the first try. Still we managed to recover.
At any time maximum loss is 1R. No exception.
Trade 2
Long BIG this stock had a major fall yesterday. See trades for 25th.
And it was running up nicely.
Entry 29.76
Stop 29.65
As it moved up I raised my stop to 20.70 and was stopped out for -.06
This goes to show that losses are a part and parcel of trading. Not all are winners. But the key is to keep losses small and wins big.
Tuesday, September 25, 2012
Trades for 25th September,2012
Trade 1
Short Sell EMR I shorted EMR first thing in the the morning
becasue it met our trading criteria.
Entry 49.19
Stop 49.36
Target 1 49.00 Covered 1/3 +.10
Target 2 49.80 Covered 1/3 +.39
I was stopped 1/3 +.19
risk/Return .17:.39 = 229%
Great trade I thought. It climed up to 49.44 then dropped to 48.30 more than a dollar.
It is always good to keep an eye on the stock that made you money.Another opportunity could be still hidding in it.
Trade 2
Another short Entry 7.28
Stop 7.35
Target 1 7.18 Covered 1/3 +.10
Target 2 7.10
It neveer hit T2 Covered 1/3 + .08
Covered all 1/3 +.05
risk/Return 0.07: .10 = 142%
Not the best trade. But still eeked out some money from it.
The BIG MISS
I was watching this for over a week for a possible short entry, as the daily pattern suggested
that it could go lower. Was on screen everyday.I only saw it when the alert went off at 29.90. By then it had dropped over a $1.00.
Still I found an entry on the 5 min chart at 29.85 .Exited at 20.60 for a quick .25 gain.
All I had to do was to watch today's up move. Took my eyes off of it.
Trade 1
Short Sell EMR I shorted EMR first thing in the the morning
becasue it met our trading criteria.
Entry 49.19
Stop 49.36
Target 1 49.00 Covered 1/3 +.10
Target 2 49.80 Covered 1/3 +.39
I was stopped 1/3 +.19
risk/Return .17:.39 = 229%
Great trade I thought. It climed up to 49.44 then dropped to 48.30 more than a dollar.
It is always good to keep an eye on the stock that made you money.Another opportunity could be still hidding in it.
Trade 2
Another short Entry 7.28
Stop 7.35
Target 1 7.18 Covered 1/3 +.10
Target 2 7.10
It neveer hit T2 Covered 1/3 + .08
Covered all 1/3 +.05
risk/Return 0.07: .10 = 142%
Not the best trade. But still eeked out some money from it.
The BIG MISS
I was watching this for over a week for a possible short entry, as the daily pattern suggested
that it could go lower. Was on screen everyday.I only saw it when the alert went off at 29.90. By then it had dropped over a $1.00.
Still I found an entry on the 5 min chart at 29.85 .Exited at 20.60 for a quick .25 gain.
All I had to do was to watch today's up move. Took my eyes off of it.
Monday, September 24, 2012
Trades for 24th September,2012
Trade1
Short Sale FB Entry 21.95
Stop 22.02
Target 1 21.80 Covered 1/3 for +.15
Target 2 21.60 Covered 1/3 for +.35
Target 3 21.35 More for +.60
Stopped out rest for +.40
risk/Return 0.07:0.60 =857%
Today pre- market FB gapped down .94 on bad Barron's Report. Everone who went long FB last week wanted out today. Which caused panic asn investors ran for the door.
See how we can take advantage of panic in the market?
Unfortunately after we got out it dropped almost another $1.00!!
Trade 2
Short sale VVUS Entry 20.17
Stop 20.35
Target 1 20.05 Covered 1/3 +.12
Target 2 19.67 Covered 1/3 + .50
Target 3 19.37 Covered more +.80
Target 4 19.15 Covered rest +1.03
risk/Return 0.18:1.02 = 567%
VVUS we didn't leave much money on the table.
Trade 3
Another short sale Entry 6.17
Stop 6.23
Target 1 6.05 Covered 1/2 +.12
Target 2 5.90 Covered 1/4 +.27
risk/Return 0.06: 0.27 = 450%
Today was a very good day . We had all winners.
Trade1
Short Sale FB Entry 21.95
Stop 22.02
Target 1 21.80 Covered 1/3 for +.15
Target 2 21.60 Covered 1/3 for +.35
Target 3 21.35 More for +.60
Stopped out rest for +.40
risk/Return 0.07:0.60 =857%
Today pre- market FB gapped down .94 on bad Barron's Report. Everone who went long FB last week wanted out today. Which caused panic asn investors ran for the door.
See how we can take advantage of panic in the market?
Unfortunately after we got out it dropped almost another $1.00!!
Trade 2
Short sale VVUS Entry 20.17
Stop 20.35
Target 1 20.05 Covered 1/3 +.12
Target 2 19.67 Covered 1/3 + .50
Target 3 19.37 Covered more +.80
Target 4 19.15 Covered rest +1.03
risk/Return 0.18:1.02 = 567%
VVUS we didn't leave much money on the table.
Trade 3
Another short sale Entry 6.17
Stop 6.23
Target 1 6.05 Covered 1/2 +.12
Target 2 5.90 Covered 1/4 +.27
risk/Return 0.06: 0.27 = 450%
Today was a very good day . We had all winners.
Sunday, September 23, 2012
Trades for 14th September,2012
Trade 1
Remember 14th ,September the market was up bigtime.Yey we found a stock we could short.
KNX short play. Short 14.90
Stop 15.00
Target 1 14.70 Target 2 14.50
risk/Return 0.10: 0.40 = 400%
Trade 2
Short Sale SAVE Entry 17.50
Stop 17.70
Target 1 17.30
Target 2 16.90
Target 3 16.50
risk/Return O.20: .80 =400%
Trade 3
Short Sale RP Entry 24.80
Stop 25.00
Target 1 24.40
Target 2 24.00
risk/Return 0.20:.40 = 400%
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