A Quickie Overnighter or Three

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com

Here’s three quick trades that I took as overnight plays ($@#%^& “Pattern Day Trader Rules”! cursecursemuttermutter). I entered within the last half hour of trading yesterday based on my read (i.e. Feel ‘em) of the charts. My intention was to hold overnight and then exit within the first 30 minutes this AM, which I did. The targets are kind of bogus, since there was no way for them to be hit today unless they gapped huge, but it made me feel better to see them–probably a mistake! I placed the stops on the other side of strong intraday or daily support / resistance. No charts, just the summaries:

Trade Summary:

CAL Long 40 Shares
Entry: $38.17, Stop: $37.60, Target: $40.50
R: $22.80, Exit: $38.98
P/L: 1.42R, or $32.40

Trade Grade:

Trade Summary:

AKAM Short 35 Shares
Entry: $44.39, Stop: $45.00, Target: $42.00
R: $21.35, Exit: $44.97
P/L: -0.95R, or ($20.30)

Trade Grade:

Trade Summary:

SMDI Long 50 Shares
Entry: $10.90, Stop: $10.50, Target: $12.00
R: $20.00, Exit: $11.00
P/L: 0.25R, or $5.00

Trade Grade:

Overall, 0.72R or $17.10. Gotta love Zecco! I’m impressed for what you get for the money over there. It’s way better than you would expect for free. :)

This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com