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.
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!.
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