I sold 500 shares of VDSI at $20.65 (entry at $17.63) for a $1510 gain (+17.2%). Check out my reasoning for entry here. It was the perfect accumulation and pullback to support play.
I was stopped out of my 400 share position in JSDA at $24.85 (entry at $26.41) for a $624 loss (-5.9%). This may sound crazy, but it actually is somewhat of a relief to take a loss, considering my last losing trade was March 21st, 24 trades ago.
While I've had a good win rate over the past year and a half (when everything started to click for me), I've never enjoyed a run like this. I attribute this run to one part picking the right setups and sectors, one part market conditions, one part improved psychology (most of it being patience and honoring stops) and one part luck.
I may take a few nibles in RIO, INFY, BLUD, TOL, AMZN (short) and CCOI later today.
I am still holding STLD, ZOLT, EWZ, PAAS, FUL and QID.
Showing posts with label vdsi. Show all posts
Showing posts with label vdsi. Show all posts
Thursday, April 26, 2007
Friday, April 13, 2007
Today's Trades: HES, VDSI and AAPL
I sold 300 shares of HES at $57.55 (entry at $55.91) for a $492 gain (+2.9%).
I bought 200 shares AAPL at $$91.05. I had been looking to see how AAPL would handle a pullback to the peak of the double bottom formation it recently broke out from. The hammer that printed today is a strong sign that the stock will bounce here. I bought on the move up after touching the resistance line.
I bought 500 shares of VDSI at $17.63. During it's uptrend, the stock has rewarded pullback entries, especially on tests of the 50 day moving average. Yesterday's long tailed hammer looks to have been another successful test. Also note that stochastics are turning up and volume shows increased accumulation since the February breakout. These are all strong momentum signs.
I am still holding TZOO, QID and GROW.
I bought 200 shares AAPL at $$91.05. I had been looking to see how AAPL would handle a pullback to the peak of the double bottom formation it recently broke out from. The hammer that printed today is a strong sign that the stock will bounce here. I bought on the move up after touching the resistance line.
I bought 500 shares of VDSI at $17.63. During it's uptrend, the stock has rewarded pullback entries, especially on tests of the 50 day moving average. Yesterday's long tailed hammer looks to have been another successful test. Also note that stochastics are turning up and volume shows increased accumulation since the February breakout. These are all strong momentum signs.
I am still holding TZOO, QID and GROW.
Friday, March 23, 2007
Trades: SBGI, CELG, VDSI, SMSI, RIG
Yesterday, I sold 500 VDSI at $18.24 for a $285 gain (+3.2%). I am still holding 500 shares.
Yesterady, I sold 500 SMSI at $16.42 for a $230 gain (+2.9%). I am still holding 500 shares.
Today, I sold CELG at $54.90 for an $830 gain (+3.0%).
Yesterday, I bought 500 RIG at $80.30 and sold today at $82.30 for a $1000 gain (2.5%). I got lucky on this one.
I bought 500 shares of SBGI at $15.23. The trade is detailed below.
The RIG Trade:
As just about everybody has over the past week, I have been watching oil drillers very closely. While there have been nice moves, very few were trading around support or resistance levels. RIG is one of the exceptions. It formed a "W" double bottom formation and was nearing resistance of this formation at $80. I placed a limit order at $80.10 Wednesday night.
When I checked quotes about a half hour after the market opened Thursday, I saw that the stock was trading at $80.79 without gapping up and assumed I was in at a good price. However, when I checked my portfolio, it wasn't there! For some reason, my order had not gone through. I was royally pissed, as I saw a lot of potential for this trade. As a last ditch effort, I placed a limit order at $80.30 and hoped the stock would pullback. I checked again in the afternoon and saw that it was trading close to $82, and just assumed it never pulled back. It wasn't until much later in the day I realized it had pulled back for a very short period and I did get in at $80.30. My bad mood instantly reversed itself.
Yesterady, I sold 500 SMSI at $16.42 for a $230 gain (+2.9%). I am still holding 500 shares.
Today, I sold CELG at $54.90 for an $830 gain (+3.0%).
Yesterday, I bought 500 RIG at $80.30 and sold today at $82.30 for a $1000 gain (2.5%). I got lucky on this one.
I bought 500 shares of SBGI at $15.23. The trade is detailed below.
The RIG Trade:
As just about everybody has over the past week, I have been watching oil drillers very closely. While there have been nice moves, very few were trading around support or resistance levels. RIG is one of the exceptions. It formed a "W" double bottom formation and was nearing resistance of this formation at $80. I placed a limit order at $80.10 Wednesday night.
When I checked quotes about a half hour after the market opened Thursday, I saw that the stock was trading at $80.79 without gapping up and assumed I was in at a good price. However, when I checked my portfolio, it wasn't there! For some reason, my order had not gone through. I was royally pissed, as I saw a lot of potential for this trade. As a last ditch effort, I placed a limit order at $80.30 and hoped the stock would pullback. I checked again in the afternoon and saw that it was trading close to $82, and just assumed it never pulled back. It wasn't until much later in the day I realized it had pulled back for a very short period and I did get in at $80.30. My bad mood instantly reversed itself.
SBGI has printed two NR7's in a row (lowest range day in the last 7 days) and is nearing near term highs at $15.50. The stock has been under accumulation during the recent consolidation of its gains as well. This is an early entry before breakout, which I sometimes do if the stock looks really good technically and prints an NR7.
Wednesday, March 21, 2007
Trades and Vanity Performance Stats
I sold 1000 shares of QID at an average price of $53.86 (entry at $55.50) for a $1640 loss (-2.9%).
I covered 200 shares of AAPL at $92.05 (short at $90.10) for a $395 loss (-2.1%).
I covered 500 shares of STLD at $41.08 (short at $39.08) for a $1000 loss (-5.1%).
I sold 200 shares of VLO at $61.87 (entry at $60.24) for a $326 gain (+2.7%).
I bought 500 shares of CELG at $53.24.
I bought 1000 shares of VDSI at $17.67.
I bought 1000 shares of SMSI at $15.96.
I hope to detail the three current trades tomorrow with charts.
When I got home I was feeling depressed about the today's losses. One of my trading buddies helped put things in perspective by telling me to take a look at all of the trades I had made leading up to today. So I did :) I've compiled some vanity stats to help pick me up.
Since the February 27 sell off, I have made 24 trades (excluding the three trades I made today that I am still holding). Here is how I did:
Okay, I feel better now. Feel free to curse and throw tomatoes at the screen in disgust over my vane behavior.
To review all of my trades, go to the "Trade" label below.
I covered 200 shares of AAPL at $92.05 (short at $90.10) for a $395 loss (-2.1%).
I covered 500 shares of STLD at $41.08 (short at $39.08) for a $1000 loss (-5.1%).
I sold 200 shares of VLO at $61.87 (entry at $60.24) for a $326 gain (+2.7%).
I bought 500 shares of CELG at $53.24.
I bought 1000 shares of VDSI at $17.67.
I bought 1000 shares of SMSI at $15.96.
I hope to detail the three current trades tomorrow with charts.
When I got home I was feeling depressed about the today's losses. One of my trading buddies helped put things in perspective by telling me to take a look at all of the trades I had made leading up to today. So I did :) I've compiled some vanity stats to help pick me up.
Since the February 27 sell off, I have made 24 trades (excluding the three trades I made today that I am still holding). Here is how I did:
- Win Rate: 71% (17/24)
- Total Gains: $13,962
- Average Gain: $821
- Loss Rate: 29% (7/24)
- Total Losses: $4,029
- Average Loss: $575
- Total Gross Profits: $9,933
- Profit After Commissions: $9,597
Okay, I feel better now. Feel free to curse and throw tomatoes at the screen in disgust over my vane behavior.
To review all of my trades, go to the "Trade" label below.
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