June 20, 2011
Entries = white
Exit = purple
June 17, 2011
RIMM gapped down and bled today. I was long biased in the morning but after seeing it violate pre market lows, I was thinking how/when to safely get short. My entries are below:
Covered way too soon, I definitely need to work on holding my winners longer.
Enjoy the weekend!
Tuesday June 16, 2011
I missed the up move and was looking to enter in a on fade play after breaking out $6 intra-day. My first entry was too soon and covered at the new high and then I was slightly late on my second entry but still managed to catch an ~.80 move. Overall scratch on the trade.
The real trade was to buy the consolidation pullback holding around 32.20 for a 4 point rip!
Friday June 10, 2011
Quick recap of trades in the SPY. Overall market was weak after gapping down from yesterdays fake out continuing with the past 7 day trend, so I was short biased.
I waited for the sharp sell off in the morning to confirm the weakness in the markets. After that waited for a pop to short into which came around 10:20.
Traded a second time, although I should have gone with my first instinct shorting in front of 128. Instead I let it break the bear flag it was forming and entered on the next pop.
Really volatile day today with multiple opportunities to take some nice gains, especially for being a Friday in the middle of summer. Have a great weekend!