At the end of this post, there is a note that I want all of my readers to view.
Yesterday, I was stopped out of 300 shares of AAPL at $179.85 (entry at $185.09) for a $1572 loss (-2.9%).
Yesterday, my trailing stop on RIMM was hit at $125 (entry at $118.91) for a $2436 gain (+5.1%).
I sold 300 shares of CTRP at $60.44 (entry at $55.08) for a $1608 gain (+9.4%).
On Monday I bought 300 shares of MEE at $30.10. It is currently just under $32. This is an earnings breakout-pullback play.
On Monday, I bought 400 shares of NOV at $72.60 and was stopped out today at $71.50 for a $440 loss (-1.5%). I had bought at 50 day moving average support and sold on failure.
On Tuesday I bought 300 shares of RIG at $126.10. It is currently trading at $127.90. This is a breakout play.
On Wednesday, I bought 300 shares of BPHX at $19.88. I was stopped out yesterday at $18.75 for a $339 loss (-5.6%). This was a breakout-pullback play and I was stopped out just below the breakout point.
On Tuesday I bought 300 shares of DCO at $38.10. It is currently trading at $39.24. This is a breakout-pullback play in a strong sector (aerospace-defense).
I bought 200 shares of DE at $156.22. It is currently trading at $154.20. This was a breakout play in a strong sector (ag).
I went short 300 shares of TBSI at $55.26 on Tuesday’s breakdown. I covered yesterday, when it hit my target at $50, for a $1578 gain (+9.5%). I may short this one again.
I went short 300 shares of LEH at $59.73 Monday on the 50 day MA failure. I am still holding at $57.59. This one kills me because I decided not to cover at my target yesterday when it hit $53.50.
Yesterday, I bought 300 shares of QID (2 X short Naz) at $38.45, which was the breakout of the 50 day moving average. QID is currently at $39.73.
I’ll have analysis later today or over the weekend.
Quick note on my trades: I am considering no longer posting trades and only posting market analysis, trading strategies and watchlists. Over the past few days I’ve received a number of e-mails and two comments with complaints about the fact that I had not posted my trades this week. I work full-time, trade, have a family, am a sports nut, read a book/week and have numerous hobbies and interests. I can’t always post trades same-day, although somehow I do manage to post most of them in timely fashion.
Some attack the validity of my postings, which doesn’t concern me. If you choose not to believe the trades that I don’t post same day, I could care less. Nobody is hurt.
What does concern me is the readers who wait to see what I trade, when I enter and when I exit. They are trading based on my trades. If that is what you are doing, I want you to stop reading this blog, stop trading, and start from ground zero with your trading education. You should only trade if you have a solid background in your trading methods and can formulate your own opinions.
I post my trades as a tool for learning and as a measure of my methods. With careful analysis of my winning and losing trades, over time both you and I can become better traders. Please do not use my trades for any other purpose.
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