mahkoh
1,065 posts
msg #130305
- Ignore mahkoh
modified |
8/5/2016 4:47:05 PM
Looking at GOGO as an example, you could set a sell stop at 10.21 and then take profits at 10.10 support. Or more conservative, a sell stop at 10.10 for a move to 9.85.
I would definitely sleep much better.
(Moving to the next page also helps, this giant Dennis Dick face on the previous page kept me awake last night ..)
((Is indeed a good interview by the way, thanks Eman))
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johnpaulca
12,036 posts
msg #130307
- Ignore johnpaulca |
8/5/2016 7:56:44 PM
Goes to show that doubling down isn't always a quick fix. I think that CEMP is wildly overbought right now, and I'll hold this one for a bit longer than I had planned but with the expectation of breaking even or better.
*************************************************************************************************************************************
CEMP...the breakout target is measured to just above $25
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Kevin_in_GA
4,599 posts
msg #130331
- Ignore Kevin_in_GA
modified |
8/8/2016 9:43:27 AM
PH - short 165 shares @ $121.00
15:57 bought to close at $122.57 for a loss of -$261
COT - short 1200 shares @ $16.67
09:38 bought to close at $16.45 for a gain of $252
GOGO - short 1900 shares @ $10.28 - tried to short another 1100 shares @ $10.62 but it did not fill. Holding overnight.
NSM - short 1350 shares @ $14.9003 - still holding
CEMP - short 1800 shares @ $22.99 - still holding
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Kevin_in_GA
4,599 posts
msg #130337
- Ignore Kevin_in_GA
modified |
8/8/2016 12:52:12 PM
New position entered:
MTZ - short 340 shares at $29.39.
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mahkoh
1,065 posts
msg #130338
- Ignore mahkoh |
8/8/2016 4:48:18 PM
I'm somewhat losing track, care to give an overall update?
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Kevin_in_GA
4,599 posts
msg #130339
- Ignore Kevin_in_GA |
8/8/2016 9:59:42 PM
22 closed trades, 15 wins. Net gain of $3085. Three open trades, currently at a net loss of $3205 due to my decision to double down and/or hold for more than one day. The open trades, if closed at the end of trading the day after being shorted, would have only lost $1424.
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Kevin_in_GA
4,599 posts
msg #130346
- Ignore Kevin_in_GA |
8/9/2016 3:51:16 PM
11:05 AM - out of NSM at 15.20 for a loss of $415. GOGO and CEMP are killing me today. Sorry for the late day post.
No trades signaled for tomorrow.
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mahkoh
1,065 posts
msg #130347
- Ignore mahkoh |
8/9/2016 3:53:18 PM
Well, actually pretty good, but it emphasizes my first point:
- The bulk of the selections tend to resolve higher so I'd say it's crucial not to overstay your welcome.
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Kevin_in_GA
4,599 posts
msg #130348
- Ignore Kevin_in_GA |
8/9/2016 5:22:23 PM
Agreed. This was really just a chance to test out a quick in-quick out type of trade. What I really need to be looking at is what is the best type of entry (limit order at X% above the close on the day it triggers?) and exits (maybe crossing the ma(20)?). Time to fire up Stratasearch.
Here I am not really sticking to the original premise of exiting within 24 hrs regardless of profit/loss. My biggest complaint about folks here is that they ignore designing exits into their systems, and focus only on the entries. Here I am doing that same thing.
The other thing I noticed is that this filter often goes quiet for a week or two - time to assess and adjust if needed.
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mahkoh
1,065 posts
msg #130350
- Ignore mahkoh |
8/10/2016 6:23:45 AM
That last thing may be related to earnings season ending.
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