I completed 4 trades this week:
BOOM: Short
Entry: $36.80
Exit: $35.35 & $33.90
Stop: $38.20
Risk: 3R gain
Hold Time: 5 trading days
Profit: +$1107 (+6%)
Notes: I played this trade correctly and did not give in to the temptation to bail before the stop h it. The stock is still on my watch list for shorts and the stochastic looks ready to turnover on a lower high. MACD has also gone negative.
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DHI: Short
Entry: $21.40
Exit: $23.10
Stop: $23.10
Risk: -1R loss
Hold Time: 3 trading days
Profit: -$810 (+7.1%)
Notes: The entry was okay, not great. The main problem was that my stop was too wide. I would have been better off waiting for a more ideal entry point, which may be right now. The stock looks like it’s hit stronger resistance point and is ready to fall. It is still on my short watchlist.
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IHR: Long
Entry: $10.10
Exit: $9.86
Stop: $9.90
Risk: -1R loss
Hold Time: 12 trading days
Profit: -$130 (+2.3%)
Notes: I have no problems with this trade. A good setup that went bad.
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NUVO: Short
Entry: $19.19
Exit: $18.65
Stop: $20.05
Risk: .5 gain
Hold Time: 12 trading days
Profit: +$177 (+2.3%)
Notes: The stock looks like it will go down further, as it dropped big today. I probably pulled out too early, but the fact that it was option day today and I had been holding it for two weeks made me want to unload it. It’s still on my short watchlist.
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Week Results:
I was up +344 for the week (+1.4%) with a 1.5R gain. The account is up to $25,344 (started on 9/5/06 at $25,000).
Boom still looks like a good short. Check out the stochastic and the long red candle that printed today.
Off Topics:
Here are my NFL picks for week 2:
$200 Rams -3 over 49ers
$200 Jags +$120 over Steelers
$200 Viking +1 over Panthers
$200 Titans +12 over Chargers
I have $800 of my $1300 account at risk. The account started at $700 week 1.
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For all the fathers out there, here is Paul Simon’s “Father and Daughter”. You might want to listen to it while you chop onions, as there might be a tear or two that you’ll want to cover up.
Paul J Singh 
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