- I shorted UMPQ on Tuesday during the opening hour
- My Stop was conservatively set to the High of Friday
- My Target of $11.00 (round dollar) was reach today, and I exited my entire position
Thursday, February 24, 2011
UMPQ – Short – Swing
Filed Under ~ Gains, Swing Trades, Wall St. Warrior
Wednesday, February 23, 2011
XLB – Stopped Out
- Was that not a total Bearish Engulfing bar painted on the 3rd bar from the right?
- I’ll soon find out if my adjusted Stop saved me some money
Filed Under ~ ETFs, Losses, Swing Trades
MDY – Stopped Out
- I entered Long on MDY back in early February
- I set out not to turn this winning trade into a losing trade
- However, I was just too greedy
- The Hammer Bearish Reversal on Friday should have set off a sell signal
- Looking back now, I should have set my Stop more aggressively at high $175.xx
- But hindsight is always perfect, isn’t it?
Filed Under ~ ETFs, Gains, Swing Trades
Tuesday, February 22, 2011
MOO – Stopped Out
- MOO was a purchase made back in January
- As you can see, my ‘adjusted’ Stop was triggered, and
- It appears that my original Stop was set nicely at the Support Level of round number $53.00
Filed Under ~ ETFs, Swing Trades
RL – Stopped Out
- While I tried to be romantic by buying some Ralph Laurens on Valentine’s Day… in turns out that just like almost everything that you buy on Valentine’s Day… they are COSTLY!
- The red line was my Stop
Filed Under ~ Losses, Swing Trades
YSI – Stopped Out
- I made an Entry on Friday to go Long on YSI
- Thursdays Inside Hammer was what drew my attention
- My original Stop was at $9.80-ish
- My Entry wasn’t rock solid, so I moved my Stop up to $9.9x, and it was trigger
Filed Under ~ Losses, Swing Trades
MMM – Stopped-out
I’ve been moving up my Stops to…
- Limit my losses
- Increase my position in cash
… until things stabilize. Below are a few positions that hit my Stop in the past 2 trading sessions.
Tuesday’s
MMM
- I’ve lost the entire 1R when I tried to chase an entry on MMM
- It turns out that my Stop at $92.00 was a well placed security
- I expect prices to $89.50 before getting Support
- In hindsight, it was a great opportunity for a day-trade with an entry-point located at the break of the Bear Flag, or Opening Low
- There are still some decent profits if you place your Stop at the High of the 2nd bar
Filed Under ~ Losses, Swing Trades
Monday, February 21, 2011
MMM – Swing – A Chase
- Pulling the Fibonacci from March 09’ low to October 10’ high shows that the prices have just moved past the Resistance 2 weeks ago
- I’m attempting a chase here…
- My Entry will be the top of the Hammer, just above the round-number of $93
- My Stop will just the underneath of round-number $92
- My Target will be the 138% Fib of $110
- If my Target is reach, this trade would yield some good profit
Filed Under ~ Setup, Swing Trades
IRM – Swing - Long
- Inside Hammer with Support from 5ema
- Stop is aggressively set at the bottom of the Hammer
- Target is the mid-April high of $28
Filed Under ~ Setup, Swing Trades
PPDI – Swing - Long
- A Reversal, followed by a Confirmation bar
- My Entry is the white line
- My Stop is the red line
- My Target is the blue line
Filed Under ~ Setup, Swing Trades
Sunday, February 20, 2011
WYNN – Weekly – Monitoring for Potential Pull-back Entry
- I expect $130 to be the round number pivot point.
- Prices should retrace back to the 5ema, and I’m guessing they will meet at around $124 level
- I will be watching this for a Swing entry
Filed Under ~ Setup, Swing Trades
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