Paul J Singh

Category: Trade

  • UYG Setup and Trade

    We still see a nice accumulation pattern. I took a position today within the triangle pattern. I have a tight stop in place in case the break is to the downside. Low risk, high reward.

  • Partial Profit Taken in SSO and DIG

    I have taken a partial profit in SSO at $33.54 (entry at $27.10). I am holding onto my position in DIG (I took partial profits at the close yesterday).

  • Trade Update

    I added some SSO today. I’ve had the flu for the past couple of days, but hope to post some charts tonight or tomorrow. I thought the opening line of this Fly post was hilarious.

  • Trade Update: DIG and DIG

    I was stopped out of this mornings DIG trade at $29 and re-entered at the close at $26.48. The ETF moved close enough to the next buy zone to allow for a low risk entry. As wit this mornings trade, I have a hard stop in place (under the recent…

  • Trade Update: DIG

    I took a small position in DIG today at $30.45. I usually don’t like to buy big gaps down, but it has entered my initial buy zone and offers a good risk ratio for easy trade management. As noted when I took profits yesterday at resistance, a pullback and retest…

  • Trade: SSO and DIG

    In the Trade Report last night I said I would buy if SSO dipped to $28. I had a limit order in place and was filled at $26.30 (400 shares). I sold half the position minutes ago at $28.50 and will hold onto the rest. My stop for the remaining…

  • POT

    I bought on the dip below $100. This is a small position size with limited risk. I’ll have a more detailed post later today.

  • Partial Profits

    I took partial profits (110 shares) on the SSO trade at $37.55. I will use this profit to keep my stop at “break even” level and let the remaining 100 shares “ride”. Thus, I will either make money or break even on this trade.

  • Wednesday Game Plan

    I currently am holding one position (K–which is still above entry). I took partial profits in X at $60, moved my stop to entry, and was stopped out. My plan for tomorrow is to take a small position in SSO on weakness. I will likely enter if it dips down…

  • SPY Prints Possible Reversal Candle

    Believe it or not, although SPY was down almost 4 percent today, technically it was a good day. The index printed a bullish “long tail” candle on massive volume, while the Worden T2108 indicator at extreme oversold levels. Generally, this ia a clear reversal signal, at least short term. The…

  • Trade: SSO

    200 shares of SSO at $38.64. Stop at $37.74. Initial target is $43.64. Next target is $50. Thus, I’m risking $200 for the chance to make $1000+. Note that the T2108 is at historic oversold levels and stochastics are way oversold.

  • Today’s Trades: X and K

    I just took two small long positions today at current lows. 100 shares of X at $53.46. 100 shares of K at $55.38. These are small positions with tight stops. I am not risking more than $600 on these trades. The idea is take a small, *expected* loss, with the…

  • Trade Update: SSO, DUG and POT

    I was stopped out of 100 shares of POT at $105.18 (short at $125.10) for a loss of $1992 (-18%) I exited DUG at $43.85 (average entry at 36.44). I originally entered with a total of 300 shares. My exits were at $40.12, $42.05 and $43.85, 100 shares each for…

  • Positon Update

    Position update from the Trade Report: I made two trades today, both involving POT. As noted yesterday, I was surprised it did not bounce, so I exited at my entry level today. When it dropped down to $125, it was too good to pass up as an oversold bounce play,…

  • Trade Update

    I took partial profits in DUG today for a big gain at two points, $40 and $42. I am still holding a position. I exited AAPL for a big loss. I was stopped out of USD for a very small loss. I was stopped out of X for a small…

  • Trade Update: AAPL and X

    I took two long positions today, AAPL (124.92) and X ($85.53). Both are oversold and will do well if the market bounces.

  • Covering the Commodity Shorts For Nice Profits

    I could not have asked for more from the PCX, FWLT and POT trades. I covered my entire positions and may short again on strength. Note on the charts below that there is still room to fall. Those of you who have been with me for a while know I…

  • Trade Update

    I sent the following trade update to report members this morning: I added two commodity shorts this morning on strength, PCX ($39.44)and POT ($168.82). Both are small positions. As you know, I shorted POT yesterday and took profits on 3/4 the position. I now am up to 1/2 my original…

  • Trade Update: POT, PBR and FWLT

    This morning, according to my plan last night, I went short (small positions) POT, PBR and FWLT on strength. I tried to short USO–I did not know it is not shortable. Can anybody confirm this for me? I have a busy day full of meetings, but hope to have postion…

  • Trade Update: All Cash

    I’ve been out of town since Friday and did not have a chance to update the blog. Here is an excerpt about my trades and plan from Friday’s Trade Report: It’s obvious today was a short covering rally. Large price moves like we saw today that aren’t confirmed by volume…

  • How I Profited From the Biggest Gap Ever in SPY

    Today was the biggest gap up ever for the SPY. Here are links to the past two Trade Reports, where you can see how I outlined my plan for trading SPY: September 18 Report September 19 Report Trade Update: I exited all my long positions at the open this morning…