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Post by bankedout on Mar 2, 2010 17:12:16 GMT -5
My buy stop triggered for BOFI today and I was filled at $13.70 I used about 12% of my account value in the purchase. My automatic sell stop was placed at $13.49 on entry and it almost got hit today. The stock appears to be another fakeout rather than breakout. I expect that my sell stop will trigger tomorrow.  |
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Post by bankedout on Mar 3, 2010 16:40:40 GMT -5
My sell stop triggered in BOFI today and I was filled at $13.41
Results: bought at $13.70, sold at $13.41 loss of -2.1%
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Post by dg on Mar 3, 2010 23:59:39 GMT -5
Don't feel bad. I refused the breakout on ukk near 31 earlier this week and could have had 33 today. Not sure what that tells us.
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Post by bankedout on Mar 4, 2010 19:53:32 GMT -5
I had another fakeout today.
For SPU my buy stop was set at $6.61 and was triggered today, I was filled at $6.66 (bad sign) my automatic sell stop was placed at $6.49 and about 35 minutes later that was triggered and I was filled at $6.4715
Results of the trade: bought $6.66, sold $6.4715 loss of -2.8%
I'm not sure what this tells me. Either I'm picking the wrong stocks, selecting the wrong breakout levels, trading in a market I shouldn't be, or maybe all of the above.
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Post by bankedout on Jan 15, 2011 17:45:31 GMT -5
I noticed some uranium/nuclear etfs that were showing strength:
NLR, PKN, URA
So I used Finviz to look up the terms 'uranium' and 'nuclear' in profiles. I came up with this list of stocks that seemed to fit:
CCJ, DNN, LTBR, UEC, URG, URRE, URZ, USU, BWC, ES
They say having the industry strong helps your chances of success. I am considering some of the above stocks for purchase.
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Post by bankedout on Sept 22, 2011 9:30:42 GMT -5
I bought some HDGE today. My first trade since March of 2010.  |
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Post by sd on Sept 22, 2011 17:25:39 GMT -5
Jump On In! I also added late am , but virtually everything gapped high off the open I think-
What made you select that specific ETF if you don't mind?
Thanks, and good luck with your trade!
SD
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Post by bankedout on Sept 22, 2011 18:33:54 GMT -5
I like this ETF because it is the only ETF I am aware of that allows you to short for a long term trade. The other short ETFs are mostly designed to track a single day's price move. This one you could buy and hold, and expect results to match the market. Well as long as the stock pickers choose correctly since it is a managed fund.
It is an alternative to a mutual fund such as BEARX or GRZZX.
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Post by sd on Sept 22, 2011 19:26:58 GMT -5
Thanks for the explanation- I expected you would likely have a specific and rational reason to choosing just that one position.
The idea of having a fund that does track the market accurately over the longer term is a good way to align a bet on the short side vs leveraged funds that rebalance daily for short term gains.
It appears that this is a very recent Fund- chart shows that this started this year, so the active managers don't have a long track record-with this fund's approach.
Good Luck with this & future trades!
SD
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Post by bankedout on Oct 27, 2011 9:19:56 GMT -5
Today I closed my HDGE position for a loss. I gave it plenty of time and space to decide which way it wants to go. The market seems to be getting more resilient, rather than trying to break down as I anticipated. You win some, you lose some.  |
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Post by bankedout on Oct 27, 2011 11:10:32 GMT -5
I entered TAN today. I'm looking for short covering to move this ETF higher.  |
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Post by bankedout on Nov 3, 2011 14:32:17 GMT -5
Today I purchased 65 shares of EWX.  |
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Post by bankedout on Nov 3, 2011 14:34:53 GMT -5
With today's purchase I'm now about 66% long in my trading account and 33% cash.
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Post by blygh on Nov 3, 2011 21:35:38 GMT -5
Just wondering what else you like, bankedout. Emerging markets and solar - have they just fell too far too fast?? Have you set upside limits or targets? I am 30% cash 40% bonds 25% high dividend payers -mainly reits and energy investment trusts - 5% is Vegas money. With the world in austerity mode, I can't figure why emerging markets are on the rise.
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Post by bankedout on Nov 4, 2011 7:41:54 GMT -5
Actions speak louder than words, so what I like you will see action taken on, and you will see dislikes in my actions as well.
I have no idea why markets are getting resilient. I also have no idea how long it will last or how far they will travel in this direction.
I am trading without fear right now. I view the money in that account like Vegas money in your analogy. I think of myself in this state of mind similar to Jesse Livermore. I would be willing to trade much more volatile instruments, and wholeheartedly welcome that volatility. However right now I'm not willing to seek out new tradable items. I have too many other important things going on in my life right now.
Obviously I do want to succeed and grow my account balance, but for some reason I'm not scared to let positions move against me. I don't know why I decided to divide my account in thirds and use that as position size, it just seemed like the right thing to do.
That is all I can offer right now. Thanks for your interest.
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