Trading results 3/2/10

March 2, 2010 1:49 pm Robert Weinstein Trading results

stop nightmare

I took a lot of stops today. Just about everything I traded had a stop at one time or another that ended up being at the top of a move. This was especially so with SNDK which I stopped out of much above 33 when it could be argued that I should have been adding at that time (I covered for a loss earlier so that I could reshort over 33). So that was a change of plans as I didn’t want to watch it keep going against me. This of course is great if your trend following but if your fading a stock you generally need to fade it absent a real reason not to.

SNDK, stopped out of a bunch and traded it back and forth. I was able to cover some at a small gain and now I am left with very few shares that I will carry over until tomorrow looking for the down day. If it moves higher into the close that would be a short signal so I will add to it at that point. – 585

BID stopped out of most of the gains that it would have made but still not a totally bad trade. It did move a way from my entry though and I could have done real well if I would have put some size on it. I also entered at what appears to be the wrong price by five cents. I am unsure how that happened and if the entry price shifted as the day went on due to some new volume checks I have added. + 157

DNDN Traded back and forth near the BE to get some of the gains. it really was sloppy and when it did die it did so well beyond my target. This and Bid my be good examples of being kicked around enough to protect yourself. This of course I will need to break as it will limit the gains. So I am now doing well entering into trades based on the rules. Next stop will be to let them play out. + 220

NTRI short based on downgap. stopped out and stopped out fast and didn’t play around. – 25

PCX was another that I was stopped out before I could make full target. Great short but it did move against me a bit. I also see that in Jan there are a bunch of days that are actually higher. The other highs kept me from really getting agressive but it was a mostly good trade. + 330

SQNM + 17 unqualified gap up that was terminated when the mistake was noticed.

+114

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