I’m in a bit of a hurry, so I’ll be brief. 4 Trades from Zoomie today. Enjoy! None from me. I was away from my desk most of the day, and none of my price alerts went off (though EBAY got close).
| Symbol | Chart |
|---|---|
| PEIX |  |
| AMKR |  |
| GMKT |  |
| SMH |  |
4 Responses
Leave a Comment
November 9th, 2006 at 6:22 pm
It’s hard to actually follow the “remove position if not proven correct” rule, isn’t it? I’ve done the same thing recently. A trader should hope that the market proves one wrong, not right, though that’s exactly what we tend to do. Good job getting out on AMKR–Learning how to lose small is the name of the game. Great trade on SMH–you read it right and positioned. It proved you correct immediately, thus spoiling your plans to cut your losses quickly. Sucks when the market “screws” you like that huh? ;-)
November 9th, 2006 at 7:34 pm
that was an interesting smh trade…great job!
November 9th, 2006 at 8:29 pm
ExEng: It is certainly different removing them before I get stopped!
John: I picked up the lower/higher tick of the day in the afternoon from Linda Bradford Raschke. I can’t remember exactly what she said, but it can indicate a trend or further trending in the tick direction. Couple that with a break of support, rising trin, and you have a high percentage play. She has some good articles that you can access for free on her site BTW. You just need to register.
November 10th, 2006 at 6:36 am
thanks zoomie