Today's Trades
Today was my best day so far. I almost didn't trade today because I am in Ohio and I was having trouble getting my internet connection/computer working. Luckily I got it together just after the open. My biggest winner was a short of ISRG:
My initial stop was above the previous 15-min candle (~113.50), so the trade was about a 6R winner. I covered the entire position at 101.22 - it is probably more wise to cover half and let the rest run. I was concerned with the sharp drop and the large chunks of volume being tossed around, plus the psychology of the round number 100. I don't have all of my trading data with me now, so I can't post all of the charts. I made six trades today. That is probably a bit of overtrading. I would like to trade no more than four. I had a couple of long positions, including SBUX, that stopped out. SBUX stopped out for a small profit. I wanted to get in HANS from the start, but I never got a chance. There is always tomorrow.
Comments
Excellent! Congrats on catching that ISRG drop. :-) I think you did the right thing in covering when you did. I would have done the same thing for the same reasons. I find it's usually better to take the money and run when you get a quick drop like that in a short -- especially in a choppy market.
Tom- I found it from the top 100 alpha list.
Mike - thanks for the advice, I used it on FWLT today.
Good trade Ugly. Well thought out and reasoned. No emotions.
glad I could be of service. :-)
Way to go Ugly! How did you find ISRG? Heavy volume scan?