Archive for June, 2012

How I traded $FB and $APOL

Trading days are becoming more and more volatile recently. A lot of stocks are seeing breakouts or breakdowns but followthru is still lacking.

My Trades on $FB and $APOL were total scalps. It came out to be good trades cause I managed to get a reward:risk of 4:1 on both trades. Getting in and out of stocks is not usually my style but on days like these, I will take whatever market gives me without asking a question.

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If you want to see real time how I navigate through these markets

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LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

2012
06/26
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TRADE REVIEW
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What is next for $SPY

If you guys followed my post on June 21, 2012. https://dchsn6.wordpress.com/2012/06/19/why-i-am-long-tza/ . If you were long you should have been careful and take some profits. If you were going to go long, you should have stayed out. No questions asked, that post pretty much tell you everything and the reason behind it.

 

If you were long $TZA calls take some profits here.

The big question is what’s next. I have attached a key level in 1hr chart. If that breaks then your pretty much looking the levels I mentioned in this post https://dchsn6.wordpress.com/2012/06/10/thesis-on-spy-for-2012/.

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The $TZA call taken by my friend Mario @4dloveoftrading along with me reaped big benefits. Mario is also an amazing trader and a Great friend.Image.

If you want to see real time how I navigate through these markets

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LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

2012
06/21
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Why I am long $TZA

I mentioned my thesis on $SPY on June 10, 2012    https://dchsn6.wordpress.com/2012/06/10/thesis-on-spy-for-2012/ . About how I was looking for $SPY to retrace back to 135-136 region and that’s exactly what we have done right now on low volume. I am long June 21 TZA calls @ 0.13. Can $SPY rip higher tomorrow. It very well could. But my thesis and gameplan is set. I am not afraid to take a stab on it. My overall risk on trade is only 13 cents.

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If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

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dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

2012
06/19
CATEGORY
$SPY $QQQ $TNA $TZA $ES_F $TNA $TZA analysis
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How I Traded $GRPN

$GRPN was an easy setup as it comes. If your in the right stocks you will find these easy setups, where you can double up on your positions and look to get some good risk-reward trades. It will allow give you two or three chances to get in or add more.

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If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

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dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

2012
06/18
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How I traded out of beartrap in $QQQ and $GMCR through $ARNA

Started the day today staring at bearflags in almost all names.  With a big red bar in $SPY and $QQQ yesterday and a gap down today. I leaned on the short side right at the open.  $GMCR came across a name with a lot of room to go below. I shorted on the break of 21 level. At the same time $QQQ and $SPY was going down as well. But when I realised it was beartrap in the markets. I flipped the switch and started looking for longs.

$ARNA was one of my go to stocks right at the open for the long side other than $KORS which faded all day. When markets started to rip north $ARNA was just on the verge of breakout from its intraday high.

Attempt 1: Breakof intraday highs

Attempt 2: I added on the break of 7.55 which was key on the daily level.

Two things to notice here for today.

1. Never ever have a bias about the markets while daytrading and be ready to flip on a dime if the market action is not what you thought.

2. Position sizing is imp. Eg: If someone has a regular risk per trade as $150 for $GMCR traded he would have taken 500 shares. On the trade of $ARNA in 1st attempt he would have taken 1000 shares and on 2nd break another 1000 shares. So even though he risked the same amount on both trades. But with correct position. He would have come out positive.

If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

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dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

2012
06/12
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Uncategorized
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How I traded $AKS

Flat day for me.  Tried 2 shorts on $AKS got stopped out on Breakeven in both. Just no more momo left in this stock on short side.

 

 

If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

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dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

2012
06/11
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Uncategorized
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Thesis on $SPY for coming months in 2012

I have shown in the chart below what I am looking for the $SPY to unfold in the coming months.

My Thesis is based on the following factors

1. Price has memory.

2. Markets don’t go straight up.

3. Weak Hand always get shaken out.

4. Markets go in bullphase when everyone has lost hope.

5. Market is not going to 0.

6. When everyone sees bullrun on light volume and try shorting it again and again and again, that is when bull phase actually starts. When retailers have no money left for bullphase cause they have lost most of their cash betting on short side, that is when see an EPIC run to upside

Thesis for 2012.

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My thesis is based on price action in 2011. Where we moved from A1 to B1 and then moved to C1. Breaking below the low the point of B1. Just when most investors have thrown in the towel or have gone short we saw a big rally in the markets. The move from B1 to C1 was to test the breakdown level of 125ish on $SPY.

For 2012. We had a similar move down from A2 to B2. If my thesis is right we will test 135-136ish in $SPY and just when all bulls think everything is good and it’s time to go all in. That’s exactly when the markets pull the rug underneath from those investors and we make a violent move of C2 to between 120.4-122.75. Once we see most people trying to short below the low point of B2. Then we will see big bull run. Then as usual the retail investors go wooooooahh, we missed it AGAIN!! DAMN IT!!

If you want to see real time how I navigate through these markets

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dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

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2012
06/10
CATEGORY
Uncategorized
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How I traded $PRGS

$PRGS was one of my ideas to short which I got off my scanners. this am Didn’t really see much premarket, but this one looked good once the market opened.

Made 3 attempts on $PRGS

Attempt 1: stop out for small loss

Attempt 2: Kind scratch trade , got out on the break of the trendline was looking for a more fluid downtrend.

Attempt 3: got that woosh move I was looking for.

Overall a decent day for a Friday.

Closing the week out 3-green days 2-scratch or flat days.

$SPY looks trickier from here. We saw big selling into close and today we saw a big rally into close. Something to note is we are still below the key 133.70 and movement toward it is on lighter volume. Next week we will have to see if we get a good follow thru.

Check out my yet another on point analysis: This one was on $MCD https://dchsn6.wordpress.com/2012/06/08/mcd-lost-its-mojo-back-on-feb-16-2012/  if u missed it.

If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

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dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

2012
06/08
CATEGORY
Uncategorized
TAGS
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$MCD lost it’s Mojo back on Feb 16, 2012

$MCD down to 85.55 right now in premarket. Did I see that coming hell ya. I blogged about it back in Feb 16, 2012 about what I saw and could lead to a big downfall in MickeyD’s and here we are. Trading is not rocket science , or about fancy indicators. It’s about price and volume.

If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

Facebook: https://www.facebook.com/Dchsn6

dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

2012
06/08
CATEGORY
Uncategorized
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Why I stayed out of $LULU

As I mentioned in my previous post markets gap ups are the the hardest to trade. It’s easier to trade gap downs with investor emotions going crazy and hence the opportunity or even flat to slight up or slight down markets  so we can play relative strong or weak names.

$LULU was one stock which was eyed by almost everyone in the trading world. Last time it gapped down it had a clean move to the upside.  I mentioned to my fellow trader’s on the desk in the morning to watch how the candles sets up initially before deciding to go long or short.  Most of them stayed out and saved themselves loss on trades and commissions.

I also tweeted this out intraday for people following me on twitter to stay out from it.  http://twitpic.com/9tslm1

Why I didn’t trade it

1. After the big gap down from yesterday’s afterhours. I wanted it go below it’s premkt lows for a short bias.

2. It had a steady uprun in premkt with no pivots making it difficult to understand where the risk is gonna be.

3. No follow thru on the upside or downside intraday.

The trades which I did take were both for scratch trades in $ANR. Tried to play it based on the market.

Name of the game is survival right now. Not taking too many trades, hence not raking up too much on commission and remaining on sideline for most of the time. Not being down right at the open is also helping out my cause, since I don’t have to force myself to put on trades to breakeven and make a comeback.

If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

Facebook: https://www.facebook.com/Dchsn6

dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

2012
06/07
CATEGORY
Uncategorized
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