Trades for 19th December,2012

Trade 1

Short AEM                        From our watch list.

                                         Short  51.50 /Stop  .70
                           
                                         Target   1    51.25               1/2 +.25
                                         Target   2    51.00               Never hit
                                                              We covered  1/4   for  +15 and again for +.15

                                       Yes we made money.But  since we did not covere fast enough
                                       near  target 2   we took in lot less than  we should have.
                                       
                                        
                                         
Trade 2

 





















Short  PNC                     From our watch list.

                                       Entry   59.26/Stop 59.40

                                       Target  1          59.00          1/2 +.21
                                       Target  2          58.75          1/4 +.40
                                       Target  3          58.50          Never hit. Covered 1/4 +.60 EOD

                                    This  late trade turned out to  be the best.Slow but moving in a
                                     predictable manner ,only that we ran out of time.

                                    risk/Return      .14/.60    =400%                    
  
                                   
                                          

Trades  for 18th December,2012

Trade 1                                   Perfect storm  without wind!

Short SWHC                   From our  watch list.

                                        The daily chart and morning gap down was the perfect short set up.

                                       Entry    7.97/Stop 8.10

                                      Target   1    7.80                 1/3 +.17
                                      Target   2    7.50                 1/3 +.37
                                      Target   3    7.00                 never hit.                  
                                      We lowered   stop to  .80  and covered 1/3 +.17

                                      This trade had everything going for it. Perfect entry,Low risk,plenty of down
                                       side ,but only thing is it just didnt go down enough.
                                 
                                      We gave it the whole day, but it just didn't fall down the way we expected.

                                      You can only take what the market is willing to give you.
                                      And we walked away happy.
                                                                 


     

Trades for 17th December,2012

Trade  1

Short PAY                      From our watch list.

                                      Entry  29.36/ Stop 29.50

                                      Target  1    29.20                    1/2 +.15
                                      Target  2    29.00                    1/4 +.26
                                      Lowered  stop to   29.10        stopped 1/4  +.26


Trade 2

Short PNC                From our watch list.

                                 Entry    56.40 /Stop 56.50

                                 We covered our position for a -.02 loss.

                               This is infact a trade that we should've taken long, when it gapped up at open.
                               It gave numerous long entries.But  our short bias kept us from entering the
                               long side.

Trades for 14th December, 2012

Trade 1

Short    SLB                       From our watch list.

                                        Entry  68.50 /Stop 68.55           Stopped out -.05

Trade  2

Short  ROST                   From our watch list.

                                        Entry  53.50/Stop   53.60     Stopped -.05

                                    We were stopped  twice out of  ROST.  for a total of -.10

We   did not have a good trade today and I called it a day when another  member alerted me to trade 3.

Trade 3

                                   Just when we thought we were done for the day!

Short  ARIA                   This was a fluke of a  chance,when another member called me on this.

                                       By the time I looked at  it he was already out on the  bounce.Then I noticed that 

                                       ARIA  made two tops on 1 min chart. This trade  was so fast there was no way I

                                       could've typed this.I called out as I entered the trade. Few managed to get in.It

                                       virtually collapsed after entry.

                                       Entry    21.48  /Stop  21.60

                                       Target   1        21.25                 1/3  +.24

                                       Target   2        21.00                 1/3  +.48

                                     

                                       Knowing what we know I  placed order to  sell at 19.50

                                       All out       1/3   +1.98!!!!!!!!!!!!

                                      The whole trade was  absloutely incredible to close the  week ,after three

                                      stop outs in the morning. This trade was big enough to cover  the losses

                                      of all of them and more! Did not expect that. Then again I am not the type

                                      of person who looks the gift horse in the mouth!.

                                      This kind of call  cannot be typed fast enough to enter. So I will be first

                                      callling these  type of trades then type it when time permits.

                                      The key is to be able to read the candles fast enougfh to take a trade.

                                      

                                     

Trades for 13th  December, 2012

Trade1

Short DKS                From our watch list.
                    
                                 Even though DKS was extended ,we thought there was one
                                 more leg down in DKS. But we were cautious. So we reduced
                                 our share size to 1/3.

                                 Entry    45.30/Stop 45.35   We were stopped out -.05

Trade 2

Short  DRI                    From our watch list.
                                
                                     Short 45.55  /Stop 45.60    We were stopped -.05.

Trade 3

Short   ROST                From our watch list.

                                     This was our last trade  win/lose. Because we were coming
                                     from  two  losers  in the morning.

                                     Did ROST ever deliver.

                                     Short   54.37/Stop 54.50

                                     Target   1     54.20              1/3 +.21
                                     Target   2     54.00              1/3 +.37
                                     Target   3     53.75              More for +.50
                                     Target   4     53.50              More for +.87
                                     Target   5     53.00              Never hit.  We covered last for +.77
                             
                                      risk/Return     .13/.87   =  670%

                                     Look at the chart .ROST dropped all day long. We hardly had
                                     anything to do but manage our trade. That is trade management.
                                     You have to know how to manage your trade.
                                    
 

                              

Trades for 12th December,2012

Trade 1

 

Short WMT                From our watch list.

                                   Entry 69.50 /Stop 59.60

                                   Target   1       59.40              1/3 +.10

                                   Target   2       59.25              1/3 +.25

                                   Target   3       59.00             We covered 1/3 for +.40

                                   risk/Return  .10/.40  = 400%

Trade 2

                                 

Long DG            From our watch list.

                           Entry  43.35/Stop 43.30

                           Target  1        43.50               1/3  +.15

                           Target  2        43.75               1/3  +.40

                          

                           We moved stop to 43.60

                           Target  3         44.00              more  +.65

                           Target  4         44.25             All out   for   +.90

                           Incredible trade.

                           risk/Return     .05/.90   = 1800%

                                   

Trades for 11th December,2012

Trade   1

Short   AMRN                     From our watch list.

                                        Entry  9.21/Stop 9.30

                                        Target  1   9.00               1/2 +.21
                                        Target  2   8.75               1/4 +.60!
                                        Target  3   8.50               more +.71
                                        Target  4   8.00              Never hit . We covered all for +.31

                                        Great trade.
  
                                        risk/Return          .09/.71    =.7.88 =  788%


Trade 2                           Just when we thought we had a monster trade in Trade 1!

   Short   CME                From our watch list.

                                       Entry   54.00/Stop  54.05

                                      Target  1   53.90             1/3 +.10
                                      Target  2   53.80             1/3 +.20
                                      Target  3   53.50             more   +.50

                                      We just kept lowering our stop .75/.60/.45/.30/.25
                                    
                                      Target  4   52.80             Covered all  for 1.08!!                            
                                  
                                      What a short!. Picture perfect entry and exits.Trade behaved
                                      exactly as we predicted.

                                      risk/Return    .05/1.08    =21.60 =2160% !

                                      This is way beyond our  normal 1:3.
                                      Absolutely incredible trade.Minimal risk and Huge gain.

                                      It dropped to 52.48 afterwards. Couldn't care less.

                                      We had two great trades and we were done by 2.30 pm.

                                      Could not have asked for more. We just shut down for the day.

                                      You have to know to read the candles and mange your trade to
                                       make the best out of it.

                                      Yes these are the kind of trades that pays you really big IF you know
                                      proper trade management.Learn to trade!.

                                     

                                    

Trades for 10th December,2012

Trade 1

Short   MCD                     Form or watch list.

                                         Short  MCD  pre-market. (before open)
                                        
                                         Entry  90.11/Stop 90.25   scalp

                                        We entered the trade literally minutes to open expecting
                                        to cover before market open.

                                        All out  MCD   +.17  (9.29 am)  very fast trade.

                                        We were had no intention of holding MCD beyond that.
                                       It could've run up against us  at open. We did not want to risk that.
                               
                                        Afterwards it dropped another .80 cents.

  
Trade  2

Short   GPS                    From our  watch list.

                                      Short  GPS   31.21/Stop 31.40

                                      Target   1      31.00            Covered 1/2 +.12
                                      Target   2      31.75                           1/4 +.41
                                      Target   3      31.50                  more       +.71
                                      Lowered  stop to .70/.60/.45/.35  covered all +.85

                                      risk/ Return     .19/.85  =447%

Trade    3

Short   VIAB                     A morning addition to our watch list.

                                          Entry     54.59/Stop  54.66

                                          Target  1    54.49            1/2 +.10
                                          Target  2    54.29            1/4 +.30
                                          Target  3    54.20            We covered all for 1/4 +.22

                                          Then it dropped to 54.22.

                                          risk/Return       .07/.30  =428%



                                           We had three very good trades in the morning .

                                           Today is only  Monday. Good time to walk away  and take the
                                           afternoon off.

                                     

Trades  for 07th December,2012

Trade  1                

Short PAY                 From our watch list.

                                  Short  Entry  33.23/ Stop 33.41

                                  Target  1      33.00                 1/2  +.23
                                  Target  2      32.75                 1/4  +.48

                                   Lowere stop to    33.10
                                  Target  3      32.50                 more   +.63
                                  Target  4      32.00               never hit.


                                  After we covered it dropped to .32.45

                                 Yesterday we had three loses in a row.So we shut down early yesterday.
                                 And we were very catious entering the market today. We got one great
                                 hit  ,and today is Friday again we shut down  with just one trade,
                                 a winner under our belt.

                                 risk/Return          .18/ .63  =350%

Trades for  6th  December,2012

                                        Today in our pre-market commentary we said that the market
                                        would be choppy after a strong reversal the day before,in
                                        context with the previous two days. So we traded cautiously.
                                        Meaning : We reduced our shares sizes to 1/3 .

Trade 1 

 Short FCX                      From our watch list.

                                        Entry 30.65/Stop 30.75        Stopped -.10

Trade  2

 Short      ROST                  From our watch list.

                                           Entry  54.90/Stop   55.03      Stopped  -.13

Trade 3

 






















Short  EXPE                   From our watch list.

                                        Entry  59.68/Stop 59.80    Stopped -.12


                                       We took three trades today. All were stopped out .

                                       Are we going to take  more trades?No! 
                                       Three strikes you are out.We shut down  at 11.43 am.
                                       Yes! In the morning.

                                       See how our pre-market analysis helped us cut our loses
                                       down by 2/3 by reducing the share size!. You have to learn
                                       to trade if you want to survive.
                       
                                       Sometimes  market just doesn't give you an opportunity to
                                       make money. Listen to the signals and heed them. 
                                       Walk away.Come back tomorrow.River will still be there.