This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
Here’s a Pile ‘O Charts from my trades today. I took seven trades, 3 losers for -2.2R, two breakeven, and two winners for +4.6R, leaving me at +2.4R for the day. My prop account overall PnL is up about +1.5R from my starting balance. I’m happy with those results for now, especially on the last few days we’ve had! I need to be quicker to cut a loser–I still have some of that bias left over from all of my retail trades, trying to save that daytrade!
Here’s the charts. As always, Red is my stop, orange my entry, green lines are for targets, and blue lines mark exits. On my trade in Continental Airlines (NYSE: CAL), I partialed out successfully, taking some profits and letting the rest run, giving the one big win of 3.53R.
CAL Short (My good trade for the day)
AAPL Short (Quick -1R that afterward turned and went way beyond my target! DOH!)
CFC Short
BIDU Short
ISRG Long
RIMM Long
CROX Long
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| CAL |  |  |  |
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
July 30th, 2007 at 1:35 pm
Funny, I also had 7 trades today, and I took a very similar trade on CAL. It was my second-best trade of the day (my best was on MNST), and yet I still didn’t make much money today. The other 5 trades sucked. I stayed up too late last night!
July 30th, 2007 at 1:37 pm
I didn’t see you on Wallstreak much today? This was a crappy day in the markets, though not as bad as last week.
Was your CAL trade a scalp or more like mine?
July 30th, 2007 at 1:47 pm
No, it was pretty much exactly the same trade. I didn’t do much jaiku, either. I was too tired after TG’s blog chat last night.
July 30th, 2007 at 1:49 pm
TG wore you out, huh?
July 30th, 2007 at 1:54 pm
it was pretty fun. There was only one sort of offensive person, but they eventually went away.