Kevin_in_GA
4,599 posts
msg #83194
- Ignore Kevin_in_GA |
11/17/2009 8:54:07 PM
Not so rough, actually - I was only down $96 (and $76 of that came from TYP, which I had never bought before and probably won't buy again).
Again, my GNW covered most of this, so I was only out about the cost of a good dinner today. I'll live.
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BarTune1
441 posts
msg #83195
- Ignore BarTune1 |
11/17/2009 9:02:00 PM
I'm getting a little extended - my own fault though - we really never did get the VIX signal in the first place - I can't argue with the shorts I have though .... alot are RSI(2) > 99 and change ... and I'm averaged in near their highs. Almost got out on AMZN at a profit today but missed it ....
Good news, Najarian pumped CLF today as his first move tomorrow .... its RSI(2) is over 99.5 ... I'm short 500 shares ... sure to move down off his recommendation - the guy is always wrong ....
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Kevin_in_GA
4,599 posts
msg #83205
- Ignore Kevin_in_GA |
11/18/2009 9:17:09 AM
Housing starts, new building permits, Core CPI, and CPI numbers released this morning are all worse than expected. Oil inventories at 10 AM as well.
Thinking it will be a red day today (perhaps wishful thinking on my part!).
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BarTune1
441 posts
msg #83222
- Ignore BarTune1 |
11/18/2009 11:17:44 AM
I covered my DISH @ $20, had shorted 600 shares around $21.85 avg price - not a bad start.
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Kevin_in_GA
4,599 posts
msg #83235
- Ignore Kevin_in_GA |
11/18/2009 8:00:02 PM
Well, all of my 3x bears were up today, as was my GNW stock - all green for a change.
Today was one of those days where both the VIX and SPX were red. Statistically, tomorrow will be an up day (about 0.5% or so - I posted on this in a previous thread). Hopefully initial claims numbers will suck, and we can make a little headway this week.
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BarTune1
441 posts
msg #83240
- Ignore BarTune1 |
11/18/2009 10:22:04 PM
The market IS rolling over Kevin - at least in the short term
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BarTune1
441 posts
msg #83250
- Ignore BarTune1 |
11/19/2009 11:22:52 AM
Kevin, I am out of 90% of my positions now, with a profit on 9 trades out of 10.
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Kevin_in_GA
4,599 posts
msg #83252
- Ignore Kevin_in_GA |
11/19/2009 12:07:38 PM
Great news, dude.
I can exit now at ~2% gain, maybe 3% in one or two, so that is tempting.
It is better to make a small profit than incur a small loss ... I guess I'll decide at the end of the day.
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BarTune1
441 posts
msg #83254
- Ignore BarTune1 |
11/19/2009 3:08:33 PM
Well, my accounts are up about $17K from yesterday .... feels good .... too bad it wasn't all profit - I went around $10K the wrong way when the market was going up ....
The cross of the 5dma as an exit still works great .... I usually wait till the end of the day unless there is a violent cross like there was this morning on most of my positions ....
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Kevin_in_GA
4,599 posts
msg #83257
- Ignore Kevin_in_GA |
11/19/2009 4:53:26 PM
At the close I was up only about 1-2% on my trades. Not worth pulling the trigger just yet.
Profitable day, which is nice. I'll stay in for now, probably until Monday unless tomorrow really drops hard - then I'll cash out before any rebound.
I don't know if you have seen the price action filter thread I started, but the daily filter gave sell signals for both the SPY and QQQQ today. In the past 10 times it did this on SPY, the markets were down 8 times over the next few days. Weekly signal is still a BUY, so I will need to be respectful of the larger trend.
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