Today I fortunately didn’t have the probems that I had yesterday. Everything went smooth and as such I got involved with SEPR. It wasn’t the prettiest chart, and frankly, I expected to get stopped out. Just goes to show, that I don’t know a damn thing about the market.
SEPR
I got long on the break of the 11:15-11:30 bar. Got filled at 47.88. The stock was choppy for a while and then went as high as the previous high of 49.20, only to come back down. It wasn’t pretty, but was a much needed $70 dollar profit.
On another note I’ve been looking at Uglychart’s dummy a day posting. The key as always is finding those moves on time. I find that sometimes a good way of finding setups is simply waiting till midday and looking for stocks that have the best moves percentage wise. Here are stocks that I found that had made big percentage moves midday.
| FDRY |
If you had used the 15 min chart, stopped trading at 12:30, and closed your positions on the end of the day you would have made money. Don’t know how often this works, but it’s worth a try, especially for someone that’s just starting out. I’ve been keeping an eye that and the results have been pretty positive over these past three days. The worse day was today with 2 points per share traded. Just something to think about.
September 28, 2006 at 10:52 am
Great trade. I think it’s interesting how every trade teaches you something new about the market — I don’t think you ever stop gleaning new insights from each and every single position. The important thing is to build your knowledge from these learnings and apply this aggregated experience.
Great blog and best of luck!
estocastica
September 29, 2006 at 10:54 am
The earlier you realize you dont’ know everything about the market, the better off you’ll be.
September 29, 2006 at 10:55 pm
Well said. Have a fun weekend.