Archive for November, 2012

TRADE REVIEW $VRSN


Another flat inside day in $SPY $QQQ $ES_F, we are still digesting the move since Nov 28,2012.  Bulls still seems to be control. Today and yesterday both times it felt like the bears were gonna crush the bulls below the lows of the day, only for the bulls to come in and bring it right back up.

Even though market has gone sideways we are still finding good names to trade intraday in our online trading room.  $VRSN was nice 5R gainer today.

 

If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

 

vrsn

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Why I went long $SPY today

Price action in $SPY $QQQ $ES_F is conducive to start long positions, as a result we started building our core positions in  our online trading room  $SPY today between 140.70-141.20 region , stops at 138.

We had a nice 6% profitable core position $SPY  swing in July ,which was documented here https://dchsn6.wordpress.com/2012/08/16/spy-target-1-142-achieved/. The charts below show my analysis for the swing core.

 

If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

 

 

I personally trade by watching price action only, with no fancy indicators as such and with the current dips being bought last few days, it tells me market has a bid underneath it.

 

 

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TRADE REVIEW $MNST $FSLR

$SPY $QQQ $ES_F pretty flat for the day. However, we made some hot hot calls in $MNST and $FSLR , both nice short squeeze action.

If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

$MNST we had the perfect entry in our online trading room , was good for 8R trade, how ever it ended up going up another $7 from my entry, the question is was it a good trade yes, cause it had a nasty pull in at 10:35 candle even if I had put my stops to breakeven, I would hve got stopped out instead I chose to take my 8R profits and let it go. I should hve looked for ways to reenter and focus my energy on that, but well we live and learn.

 

$FSLR another perfect entry trade and got some nice 10R trade . I played it thorough stocks as show in the the chart and also through options as shown in the pic below.

 

 

 

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TRADE REVIEW $BIDU $YUM $MCP

$SPY $QQQ $ES_F gapped up this morning and kept running, people might say this is low vol this or that, for us traders in our online trading room it doesn’t really matter cause at the end of the day our Pnl is based on price and not volume.  Short trading day,but one of the best days to trade.

Some good trades in $MCP $YUM $BIDU. The most I learnt from was a mistake I did in trading $BIDU, where I should have let the last piece to run, instead of stopping myself out on the first pull in, even though I was green for $BIDU trade I would rate this trade as F, could have done so much better, as traders we live and learn and something which should not repeated.

If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help

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TRADE REVIEW $FIO

Easy trading week so far in $QQQ $SPY $ES_F being flat, with both longs and shorts working well if your in the right names. Mentioned in the pre-market routine in our online trading room to watch for stocks with high short interest and small cap stocks.  $FIO did a quick run and we caught it for some nice gains. Using the art of tape reading we were able to get out of Trade 1 for small gains, Trade 2 is what was the real money maker.

If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

$FIO is the type of trade we  take in our online trading room all day everyday.

 

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TRADE REVIEW $KORS $CLF

Last couple of weeks have been really easy trading in and out of position, playing momentum like we doing our online trading room, it really doesn’t matter which way the market is moving as long as you wait for your setups and manage your risk.  $AAPL as everyone know has been getting a lot of beating lately , however $RIMM on the other hand is holding strong and is most likely to hit $10 after putting in a strong day today.

 

If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

 

A lot of trades being called out in our online trading room, two of are $CLF $KORS other than that we had $GILD $VHC and a few more. Notice the trades we take in our room, all of them are momentum names and once we get into the position, we alwasy get on the green side of PnL right away.

$CLF was a good setup on daily breakdown, however, didn’t get much reward on this even though we trailed it out for just over 2R, should have scaled it out, so it was a bad trade management on my part.

$KORS is the perfect momentum trade which is bread and butter trade which we do everyday, perfect entry and a perfect exit based on tape action, managed to get 5R on this trade.

 

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