Trades for 31st October, 2012

Trade 1                        The only one!Remember Friday's NFLX trade!

                                  























NFLX                 From our watch list.
             
                           Since we made big money on NFLX on Friday we kept watching NFLX.Stock gaped down after  two day halt due to Sandy. NFLX  bounced on big volume .
                          Entry   68.50
                          Stop     68.40

                          Target 1           70.00                     1/4  +1.50
                          Target 2          we called between 80 and 82.

                          The way NFLX was behaving suggested that there were many moves to shake longs off. So we kept a wider distance from the eye of the storm. Pattern was so evident that a major move was  on the way.
                          Did it ever deliver!   NEWS that Ichans has more than 10% stake in the stock shot NFLX to 84 within minutes.

                         We were all out  @83.00

                         Cannot get any better.
   
                         risk/Return   +.10/14.50!!!     This is a 145 bagger!!

                         Last Friday we thought we had the biggest trade ever. It only took 4 days to take that record.
                        We thank God for this trade. My cup runneth over!.

Trades for 26th October,2012

Trade 1

EXPE                From our watch list
                        
                           EXPE gaped up  on good earnings. But looking at the daily pattern
                          we expected  profit taking.

                          Entry                     58.99    
                          Stop                       59.02

                         Target  1                 58.87                      1/2+.12
                         Target  2                 58.74                      1/4+.25                    
                         Target  3                 58.25                    more +.74
                                                                                     more  +.99
                                                                                     more  +1.25
                          WE finally closed trade                     more   +.99

                        After we closed EXPE dropped another $2.00!

                         But we moved on.

Trade 2

 Short VRSN     Again from our watch list.
         
                          VRSN gaped down on earnings.And we were waiting !.
                          Met our gap criteria.

                           Entry        38.84
                           Stop          39.01

                           Target 1    38.64                       1/2 +.20
                           Target 2    38.50                    but we covered 1/4  +.34
                           Target 3    37.00                    Never hit .We covered 1/4  to b/e.

                             
Trade 3

Long   NFLX                 again from our watch list.

                                    Entry        62.20
                                    Stop          62.00

                                    Target 1    63.70                   1/2 +1.50
                                   
                                     Then news hit market that MSFT was going to buy NFLX for $90!. We just held on !.  We believed that the way the momentum was building up on NFLX ,there would be a huge short squeeze and set target to 70.
                                  Target    2   70.0                   1/2   + 7.80!!

                                Incredible risk/Return!

                                     risk/Return       .20/7.80     =3900%

                              This was our biggest gain ever!





 
                         
                                                                               



         



Trades for 25th October,2012

Trade 1

Short NAV                   From our   daily watch list.

                                     Entry        18.75
                                     Stop         18.85

                                    We were stopped out   .                 -10.

                                    But we kept watching the stock. Soon after stopping us out stock
                                   started hesitating. We realised that it was  nothing but a shake out.

                                   Re-entry           18.85
                                   Stop                 19.01

                                  Target    1                18.55                  1/2  +.30
                                  Target    2                18.35                   1/4 +.50
                                   We moved the stop to .55
                                  Target    3                18.00                 Never hit. 
                                  Lowered stop to       .50                    stopped out  1/4 +.35

                                   Overall result of the trade  -.10+.30/2+.50/4+.35/4=   +.265

                                   risk/ Return             .10/.265       265%


                                  In the first trade we lost money. Do you have the courage to reenter
                                  another trade in the same stock after a lose? .This is where you need to know
                                  your trader psychology.

Trade  2  

                                
      





















Short FB                From our daily watch list.
                           
                              FB gaped up  on better than expected revenue day before last.
                              It was hesitating to move further and was on our radar.

                             Entry         22.72
                             Stop          22.82
                           
                             Target    1     22 .61                   1/3  +.10
                             Target    2     22. 50                   1/3  +.15   (slippage)
                             Target    3     22.20                    Never hit.  covered  1/3  +.10  EOD.

                              risk/Return            .10/.175       175%

                            After hours  FB dropped down to   22.24!  

Trades for 24th October,2012

Trade 1

Short  DD                   This was not from our list. But this is a chart we kept watching
                                   over the last few days and delivered a recognizable  pattern.

                                   Entry      45.00
                                   Stop       45.10

                                  Target  1            44.75             But we got   1/3 +.30!
                                   We immediately dropped our stop to 45 to b/e. Now a cannot lose trade.
                                 Target   2             44.50            never hit.

                                 We were stopped out to b/e.

                                 Never the less    risk/ Return     .10/.30     300%

                                 Very fast trade. We traded off a 1 min. chart here.You have to be on your toes        
                                 with   110% focus to take these early trades.I cannot over emphasise the value of
                                 the trader education.



Trade   2

DCI was  in our morning gap list. DCI gaped down to a support area. SO we had to wait for

a proper set up to develop .

                Set up it did. However  I could  not take the trade at the first entry .

                So we waited for a secondary entry.

 Short DCI                 Entry    32.00

                                  Stop     32.10

                                  It immediately dropped   .30 !             1/3+.30

                                  We lowered stop to   32 to b/e. Another cannot lose trade.

                                  Target 2    31.00                            never hit.

                                  We were stopped out  2/3  to b/e.

                                  risk/Return    .10/.30   300%

                                 Not the way we anticipated.

                                

                                 However we still  had a green trade.

                                

                                 This trades goes onto show how we can enter a trade after a substantial pullback

                                 for continuation in the same direction.

Trades for 23rd October,2012

Trade  1

 Short WDC                 From our watch list.

                                     WDC gaped down on earnings news .
                                    
                                    It gaped down to a critical area.So waited for WDC to  retrace
                                    to a point where we could initiate a short sale.We  shorted WDC at the bottom
                                    of first red candle on a 5 min chart meeting our parameters.

                                    Entry           32.99
                                    Stop            33.22
                                   
                                   WDC moved in our direction  only to reverse course and move higher.

                                   We  were stopped out   for a loss of  -.23
                                
                                    Good news: We knew the max .lose of the trade BEFORE we entered the trade.

                                    Lesson:   Despite all preparation ,ANY THING CAN HAPPEN.
                                                   You have to be prepared to be stopped out.
                      

Trade  2

Yesterday we had a massive trade with MNST. So we kept it on our list  for continuation.
Continuation it did. MNST gaped down to start with. We  waited for an entry .


 Short MNST               Entry         42.40
                                    Stop          42.50

                                    Target  1                42.00                   1/2   +.40
                                    Target  2                41.00                   1/4   +1.40
                                    Target  3                40.00                   Never hit.
                                    Target  4                39.00                 
                                     
                                    MNST hit 40.06 and bounced back  .So we covered  more for +1.90
                                    Finally stopped out  for another       +1.40

                                   risk/Return  was huge here   .10/ 1.90         = 1900% 

                                   Sweet trade!.
     
                                  It is always good to keep an eye on something that has made money
                                  for you already. They can come in doubles.




                                  

Trades for 22nd October,2012

Trade  1                                        Anything can happen! Three times !!

  






















Short   MRVL                   From our watch list.

                                         Entry          7.39
                                         Stop           7.45
                                         Covered     7.42              loss     -.03

                                         It quickly dropped to 7.34 then bounced right back .
                                         Was holding up well  which  did not bode well with us. So we
                                        lowered the stop to .43 .They were plenty selling going on  but
                                        it held ground .We finally exited the trade   for  a -.03 loss.


Trade  2    

Short   AAP                 From our  morning gap list.

                                   AAP had already take a beating pre-market. It met our criteria.
                                   We waited for  a proper entry that met our criteria.

                                   Entry                  64.75
                                   Stop                   65.01
                   
                                   Target 1             64.50                 1/3   +.25
                                   Target 2             64.00                  never hit.            
                                   Target 3             63.50     

                                   We lowered our stop  to 64.85    and we were stopped out  2/3 -.10
                                  
                                   So our net gain was +.05  .Nothing to write home about.

                                   See what it did afterwards. It jumped .40 soon after we exited
                                   and climbed to 66.20 EOD!.

                                   Did we trade right? Yes we did. We exited honouring our stops.

Trade   3

                                       River that keeps on giving!

         























 MNST was flat lining all morning. Then  news hit the market that 6 people had died  after drinking
their beverages. See what it did to the stock price.Investors were running for the door!

We knew the news would have a devastating effect on the price.

Short   MNST                              Entry               51.10
                                                    Stop                51.50
  
                                                    Target 1                                  1/2   +1.60
                                                    Target 2                                  1/4   +5.10
                                                    We were stopped out             1/4   +3.10

                     What a ride!  Truly a monster trade!

                     The whole trade took only 20 min.   I was  expecting the drop to continue to 38.
                     Didn't happen. We were stopped at 48.But it came back down and dropped further.
                     We did not bother! Our bucket was over flowing.

                     If you noticed  I have not   given any prices at target 1 and 2. Why? In a mad rush
                    like this  those rules do not apply .You have to use your sixth sense  to eye ball exits.
   
                    Take what you can.Don't look the gift horse in the mouth.
                    [These  are home runs out of the ball park.Don't get them everyday. :(  ]

                     We will be watching MNST  for further downside tomorrow.
                    
                    CAVEAT: Trading  news  risk/Return  can be enormous both ways.
                                      This is not for the amatures. This is where your trader education
                                      play a major part.
                

  

                                   

Trades for 19 October,2012

Trade 1                            The only one again!

Long HON             HON was not on our watch list. It came to our attention later on.

                              Using  one of our long criteria we longed HON.

                              Entry       62.22
                              Stop        62.16

                             Target   1       62.32               1/3 +.10
                             Target   2       62.42               1/3 +.20
                                                                        more +.26  +.40  last stopped +.23
                             

                             REENTRY

                             Entry          62.70     
                             Stop            62.60

                            We exited the entire trade    for +.40     (10.56 am)

                           Huge trading day for us .We were done  before 11.00am.

                           So we had the Friday afternoon off!
                        





         

Trades for 18th October,2012

Trade 1 

Long BK                 From our watch list

                                Entry   25.09
                                Stop    24.97

                               Target 1      25.19               1/3 +.10
                               Target  2     25.24               1/3 +.15
                               Target 3      25.48              Never hit.
                               Moved stop to  25.16         1/3 +.06  stopped out.

                               We took the max out of our trade by selling  right near high.

Trade 2

Short STJ                  Again from our watch list.
    
                                  Entry   40.10
                                  Stop    40.21

                                  Target  1      39.95                   1/3   +.15
                                  Target  2      39.75
                                  Target  3      39.40                
                                   Stock    was hesitating around 3.90 for a long time   .
                                  So we took another  1/3  for +.10

                                  SPY was going down but STJ was showing remarkable resilience.
                                 We finally covered our last   1/3  for another +.15

                                 See what happened at EOD .It just collapsed and hit target 2 and  almost near
                                 target 3. Should've been patient  and let the stock play out.

Trade 3

      




                             

















Short FB               from watch list.
                            
                              Beautiful sell pattern was forming .Were watching.

                              Entry    19.45
                              Stop     19.55

                             Target 1           19.30                             1/2  +.15
                             Target 2           19.20                             1/4  +.25
                             Target 3           19.00        we covered   1/4  +.40


                              We were expecting an EOD sell off but didn't pan out.
                      
                             To our advantage  GOOG announced record low revenue just as we were
                             entering  the  short.
                         

Trades for 17th October,2012

Trade   1

 Long HPQ               we tried to go long HPQ
                          
                                 Entry    14.49
                                 Stop     14.45
                                 Then we raised the stop to .49 to b/e when  HPQ started stalling.
                                 We are stoped out to b/e.

Trade 2

Short ASML             This again was a pick from our watch list.

                                  Entry   51.88
                                  Stop     52.01

                                 Target  1                51.45                   1/2 +.50
                                 Target  2                51.00                   1/4 +.80
                                 We dropped our stop to   51.50         1/4 +.38 stopped out.
                                 Target  3               50.50

                                 Great trade and a very fast trade.
                                But see what it did  after that. It moved up to  52 and then collapsed
                                all the way to 48.73!

                                And if we did,this would've been the only trade we would've taken today.
                                It would've been a record haul!

Trade 3

Short  CREE        CREE had an amazing run up today .Again was on the long watch list .
                           
                             We couldn't get in because we were in ASML at the time.
                             Pattern was over extended so we shorted CREE .

                              Entry   29.45
                              Stop    29.51

                               Target 1    29.25         we got   1/3  +.23
                               Target 2    29.00         We lowered stop to  29.45 and stopped out to b/e.

                               CREE moved higher and then collapsed to our Target 2. 
                               But we stuck to our strategy and moved on.

                              
Trade 4

Short   FB               Again form our daily watch list.  We found FB wobbly at the top
                               and  looking for a pull back.

                               Entry   20.15
                               Stop    20.31        

                               Target  1         20.00                 1/2  +.15
                               Target  2         19.75                 1/4  +.40
                               Target  3         19.40                Never hit.
                                We lowered stop to   19.90   and was stopped  1/4 +.25

                              We did very well on FB.


SO  to recap  did we do all the trades right today?  NO. We gave up too much from our biggest
trade   of the day ASML. We would've watched both  CREE and ASML for reentries. Those two along would've done enough  for us. But NO... .no regrets. River will be there when we come back
tomorrow.  

           Overall we had a big day!

  See how we have effectively use  2 ,5 and 15 min charts!.