OK - rested, not hung over, ready to trade.
Feel free to post in "Comments".
Also, check out my Blogroll on the right side. I have made some new additions worth your time (for instance, Mercado de EstocĂ¡stica), and of course there are some old favorites (for instance, Jamie at Wall St. Warrior; I voted for him as "Stock Pimp of 2006").
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trader-x
Becoming Solution-Focused in Our Trading
1 day ago
13 comments:
CCL, 15 min chart, bread and butter play , out for 1.3$ Done for the day. Thanks Trader-X for teach me :)
I almost enter on STN, but the volume didn't convince me, would you have take the trade?
Off topic here but I thought you'd like to meet the new guys I hired to help me over here at WallstreetFighter. They call themselves Trader-S and Trader-N. I figure I could use their help and they look pretty knowledgeable.
http://wallstreetfighter.blogspot.com/2006/09/youve-heard-of-trader-x-now-meet_21.html
Thanks Shane - like my brother from another mother.
Or brothers...
LEA, 30 min, off the 2nd bar. I entered the trade but couldn't borrow shares. Did anyone get this one?
GYMB, 15 min, gap up and pullback w/hammer. Long on break of NRM 5th bar high at 42.10, stop low of 5th bar 41.78. R=0.32
Out at 42.60, +1.56R
AMWD - not typical X-rated play, but short PB to OR HOD with .11 stop. good for lunch money from 32.38+ to 32.
Could not short LEA either, could not borrow shares
Great trade jose, to make 1.3$ on CCL you had to enter exactly at the break of the 4th bar and exit at the high of the day. Perfect trade. I exited at the OR.
Thanks greytrader, but I build my position around 44.47-44.57 watching both charts 5-15 min and target the high of day. Now I think that I was very lucky with the enter and the exit, so not a remarkable trade as sometimes it works and most times not.
Have to improve a lot, but Trader-X, Tom C. and the people who post makes it easier.
I was able to borrow shared to short LEA today (Scottrade). Here's how it worked out. Thanks for an awesome blog, Trader-X!
Dave,
Nice. I am ETrade right now (was BrownCo), and haven't been too pleased so far (unable to borrow, slippage). I started doing more short term trading after the switch, so not sure how much to blame ETrade at this point, but it's something I am definitely keeping an eye on.
Lots of action here! This is like a day traders cafe. Great stuff, on and off topic.
Sweet! I made the front page of Trader-X!
Have a great weekend everyone.
estocastica
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