Trading results 3/4/10

March 4, 2010 2:16 pm Robert Weinstein Trading results

Long day today

I was very tired today from lack of sleep last night. That did not make for a fun day but all in all it was pretty good.
Biggest trade of the day was TIVO and shorting it into the monster push higher. This was done in two parts. The first part was profitable and I closed out with a gain of target even though my entry was late and lower than I would have liked.(TIVO was not on the main scanner and was called out in the chat room). The second entry ended up negative but was a small loss for a net of a small gain in the trading. The second time at bat could have been a small gain as well but I was looking to make a better gain (target) which it never saw again for the rest of the day. It moved against me and I faded it as well as traded through the move to protect from having it go to far on me. This trading through moves leaves me with losses that need to be made up but keeps my risk lower.
An interesting thing with the second entry of TIVO is that it was done intrabar after retracing higher after target was reached. I don’t believe this has happened before or is very rare. At least for TIVO it was a big deal as the difference was a new starting entry 40 cents higher. It could be a result of being tired but I don’t recall back testing reentries intrabar when target was reached.
TIVO + 35
ANF was a gap up at the very edge of the time limit for entry. As a result I kept a quick stoploss and trailed it. stopped out pretty quickly + 24
PETM was a hold over from last night. Today ended up fine but I didn’t want to hold the bulk of the trade overnight so the net was a loss. + 35
ZUMZ gap up + 194

Overall other than TIVO the trading volume was very small and even TIVO was not relatively high. I am happy with my trading today and even tired I stayed focused and followed the trading plan

+ 275

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