Trades for 11th January,2013

 

Trade   1                                        Only one!!!

Long     CLF                      Last night we had computer problems. So we could not post our usual watch list.

                                        I caught this in the morning  at open  with the corner of my eye.

                                        This was a very fast one minute trade. We only managed to just call out the trade as we entered it.

                                         Entry    35.75/Stop 35.64

                                        Target   1          36.00                       1/2 +.24

                                        Target   2          36.20                       1/4 +.45

                                        Target   3          36.50                        Never  hit.   We covered 1/4 + .25 

                                       risk/Return        .11/.45            =400%

                                       This whole trade took only     6 minutes.

                                       You  have to use  hot keys to trade these. So the mastery of your  platform is crucial.

Trades for 10th January,2013

Trade 1                                                     Only   one!!

 

Short  MCP                      From our watch list.

                                        Entry  8.98/Stop 9.05

                                       Target    1          8.80                   1/4 +.18

                                        Target   2          8.50                   1/4 + .48

                                        Target   3          8.00                   1/4  +.88

                                        risk/ Return                    .07/ .88          1257%!!!!!!!!!!!!

                                        Cannot ask for more.

                                        When you are this  up  within hours and well over target it is time to call it a day.

Trades for 9th January 2013

Trade 1

 

Long VZ                            From our watch list.

                                        Entry    42.86/Stop 42.75

                                        Target     1   43.00                              1/2 +.14

                                        Target     2   43.20                              1/4 +.14

                                        Stop moved to   .86  B / E.  .95  then to .03   Covered more for +.30

                                        We were stopped out last for +.17

                                       risk/Return       .11/.30    =272%

 

Trade 2

 

 

Short APOL                      From our watch list .

                                        Entry  19 .98/Stop 19 .20

                                        We were stopped out  for –.18.

                                        Remember we  were up from our VZ trade. In this trade we changed our share size.

                                       Second entry     19.16/Stop 16.28

                                       Target  1            19.00                          1/2 +.20 !

                                       Target  2            18.80                          1/4  +.35

                                       Moved  stop to .03                                1/4 +.16

                                       Net gain +.27!!

 

                                       risk/Return         .22/.35          =160%

                                       Lesson : See how we recovered from a lose by re-entering the trade!                              

 

Trade 3

 

Short    ROST                       From our watch list.

                                           Entry  .98/Stop .15

                                          Target  1     58 .75                    1/2     +.18

                                          Target  2     58 .50                  Never hit. Covered 1/2 +.20

                                          risk/Return       .17/.20    = 117%