I’m fully positioned on the short side now, as I capitulated to my fascination with shorting Minefinders this morning. Sold 1000 shares short at $9.87: Another trip down to the $9 range would be nice, and it’s possible I might get greedy and see if it will legitimately slip back into the $8’s like it […]
After a quick jettison of the go-to trade on QLD, I took a small short-term short position this morning, picking up 300 shares of SDS (double-short the S&P500) for $30.44 at the open. I was thinking of doing this last night, but wanted a little “peek” at morning market conditions. My bet is that the […]
The “go-to” trade on QLD has concluded. And good riddance to it. I sold my 250 shares for $66.02 right before Wednesday’s close, as the sell signal of RSI(5) > 50 was triggered. Obviously, this was a crappy was to make $215 (before commissions), as this trade was put on right in time for last […]
Every speculator has a “go-to” or automatic trade to fall back on, and one of my favorites triggered a buy signal today. The buy signal is to purchase QLD, the ultra-QQQ 2x ETF, when its RSI (5) reading falls below 30. As it was under that for most of the day, I picked up 250 […]
I sold my 100 share Potash (POT) position for a $104 loss this morning, fetching a price of $107.67. This had nothing to do with chart formations, Euro finances, or the looming Fed day announcement. I’m leaving for a short trip to San Diego, and didn’t want an open position while I travel. While I […]
Trade alert — I’m putting my money where my mouth is, and trying the Potash trade. Bought at the open this morning 100 shares POT at $108.71. I’m paying more than I would like, due to an analyst upgrade issued before the open, which itself is coming on the heels of a downgrade last week. […]
I covered my 180 share short position in SPY just before the close for $119.32, making a quick one day profit of $291.60. At the time of execution RSI (2) was 19.72, so it was clearly going to close below my target sell signal of 30. This trade provided just what I hoped; a quick […]
After five straight up days (and an RSI (2) over 98) I’ll try my hand at shorting the market on Tax Day by going short on 180 shares of SPY at $120.94. The biggest problem with this trade is that there is no well-defined stopping point to the melt-up on any recent charts, so expect […]
Hi — came back from a short trip, and found this position hit its target for a nice (and quick) profit. Sold all 500 shares for $27.94 this AM, will try to break it down later.
Decided to put money on the line with the Grand Canyon Education (LOPE) trade, and to play the bull flag today. I purchased 500 shares at $25.76, and will see if it can hold the 20 day SMA; my initial stop level will be to get out at a close below $25.25. As or a […]
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