I’m finally going to give the BZQ trade (double short Brazil a try), hopefully getting it right at support. I bought 400 shares for $23.80. Wish me luck!
I got a quick bang for the buck by selling 200 QLD at $56.23 when the exit signal — RSI (5) over 50 — was in place. I also dumped my grand Canyon Education trade at a loss as it just wasn’t working out. I sold 500 LOPE for $23.72. Updates later!
Well, for a short, strange to say I am now fully invested on the long side as my go to trade in QLD fired with a RSI (5) buy signal under 30. I picked up 200 shares at $52.98 just before the close. Interesting to note that there was no corresponding RSI (2) buy signal […]
It took over an hour to get my limit order filled in this thinly traded issue (a West Coast discount store), but I wanted some more upside potential if there is a jobs report counter-bounce ….. maybe around 3:PM today, perchance? CPWM was an idea purloined from Charles Kirk’s subscription site the Kirk Report, where […]
Jobs report trading will surely be the death of me . . . . But back to the well we go, looking to reprise the most successful trade to date on this site with 500 shares of Grand Canyon Education (LOPE) purchased at $24.60 once things calmed down a smidgen. The idea here is to […]
The exit signal (an RSI (5) over 50), on my “go-to” trade of QLD triggered this afternoon, so I sold out 300 shares at the close for $58.23. The QLD trade has been a big disappointment so far. It is now 1-for-2 on this blog and a minor money loser, and 1-for-3 for the calendar […]
I sold my 1000 share position in Minefinders (MFN) this afternoon for $9.21 per share. At the time of the sale RSI (2) was over 87; on quick-pop trades like this I take an RSI (2) of over 70 as a sell signal. Speculators with a little bit longer focus might try to see if […]
Not sure if this is the right thing to do, especially right before option expiration, but I picked up 1000 shares of Minefinders (MFN) before the close for $8.66. This leaves me fully invested on the long side, even given my bearish bias. Might not be sleeping all that well tonight . . .
It was a crazy day here as I completely flipped my positions at the close. First, I covered my 1,000 share MFN short at $9.15. Not as much as I would have liked, but I was away from my office for work and missed some of the best prices. I know, I should have had […]
A limit order I placed Friday triggered at noontime when SDS hit the $33 mark. Due to the dynamics of leveraged ETF’s, I was out of this trade at about S&P 500 1120, rather than the 1110 level that I would consider a true fill of last Monday morning’s gap. Still, a profitable trade doesn’t […]
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