Robert Weinstein Trading Blog

RGLD as a swing trade

PHH

FSP

IRM

HPT

SNH

For the last day of trading this year it was a lot more busy than expected.

I was able to get some nice scalps and even had one trade.

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OI

FSP

Traded out of OI with a small loss and then traded it again near the close to end up a little.  In light of the fact that I ended the day yesterday way underwater I was very pleased to see I could exit at about even. + 27

I tried to trade a fade with GM but without shares to borrow I could not really do much with it.  I did trade some options but broke about even with that and lost interest. + 6

I started to sell GE Feb 13 Puts today.  I sold two for .53.  I will offer more if GE continues its slide as a fade against the move.

AAPL feel off the chair when a news report came out that Steve Jobs was going to miss an event due to health issues.  As a result the price was all over the map and moving fast.  made for some very good trading. + 264

FSP appeared to be in play enough to allow for some scalping.  Volume made it tough to do so and I will carry over to tomorrow my short.

+ 298 Day

- 3939 Week

+ 588 Month

13600 shares

Nothing came up on the scanner but I did trade OI all day long.

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Enjoyed a nice Christmas with my family and once again it was a true joy to watch my boys open up their gifts.

I gave my wife a frying pan AND a nice watch.  She is getting used to my gag gifts as she said ‘I am not getting mad this time as I know you still gave me something nice’.  I guess I need to come up with some new tricks for next year.

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I am starting this post about one hour into the trading day.  I have been scalping OI and fading the move up.

I also sold a couple of USO Jan 26 PUTS.  If USO continues its move downward I will continue to sell out of the money puts as my charts are telling me we should see a retracement at some point before the end of the contract.

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Very slow day today in terms of setups.  Just a few scalps for the day.  I had a gain of about 230  when a friend of mine in the chat challenged me to do a little better.  As a result of of that push  I had a better day.  Thanks NOD for not letting me quit before the end of the day!!!

RHT + 60

HANS + 24

DRI + 232

+ 316 Day

+ 959 Week

+ 4270 Month

10800 shares

497,512 shares / Mth

Hello Robert – I really enjoy your easy to read blog.  One question – where do you find your stocks to trade?

Thanks for your kind words and I very much enjoy writting about my trades.

As of this post I currently use TradeStation Radar Scanner that scans in real time about 1000 of the most active stocks looking for setups that are highly accurate.  Most of the time I spend just waiting for the next setup as I only get a few signals per week.

Many of my trades that I make while waiting for the next setup is  discretionary and the jury is still out if that is actually profitable or not.  Almost all of my losing trades if not all in the last six months are from discretionary trading.  Of course much of the gains I have in the last six months are from discretionary trading as well.  My abilities to scalp stocks continues to improve so 2009 should be very interesting.

Thanks again and best of trading to you.

Talk about Arctic Tundra.  It was -11F being displayed in my truck as I drove to the office today.

Not sure if its the holiday week, the cold or what but it sure was a slow trading day today.  It did give me time to test out and try Multicharts which is a program I am looking at currently.  So far the jury is out as the support seems to end if the afternoon.(Russian company so they are probably not wanting to stay up late enough to cover the American markets which is a negative in my mind)

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