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Day Trading Stocks with Discretion
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Day Trading Stocks with Discretion

  #131 (permalink)
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Watching VFC in real time, August 29, 2012

2 losers. -$65.

Trade 1 was a bit of a chase for a breakout above the first bar that closed above the EMA21. I hesitated about getting out around $152.90 after price bounced off resistance from yesterday (and the second time today), but I did not, and ended getting out at a prior swing low.

Trade 2 was a little late, but a bounce off the EMA21. I think I let my loss in trade 1 put me in a bearish bias too soon. Actually, it looks like a pretty valid set up. But it was the bottom tick of the day. Stopped out. In fact there was a nasty gap between bar just before 8:12am; hope I would have been strong enough to lift the offer as it moved up.

I was out for the day. Thought I saw a short at 9:18am after 4 bounces off of $152.90. Nope, just trend.

I was thinking of another hypothetical short late in the day at 12:15pm after breaking down below S/R of $153.10. It was a little early and didn't have much of a run.

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  #132 (permalink)
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Watching VFC real time, August 30, 2012

2 winners, $230.

Trade 1 was a break down past a prior intraday stopping point. I was looking for a pullback to the EMA21 or resistance around $151.50, but neither happened. I did bounce off a trendline. Price was much weaker in VFC than the S&P, so I took the short down. With $151.50 out of the way, I thought the next stop would be $150. But VFC saw consolidation for 18 minutes after a strong push down. As price peeked above the resistance line, I jammed out.

I missed a good $1 of rally, until finally jumping in after the first pullback at 8:13am. Went long expecting to get maybe a 2R trade or maybe up to the high of the day at $152.50. I almost panicked and jumped at 9:21am when a boatload of volume came through after price had slowed. Ended up jamming my stop to get out just below my higher target of $152.50, after 3 pushed towards the level.

I hesitated on a long at 11:33am, which would have worked for 1.5R. I hesitated on a short around $152.50, which would not have worked.

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  #133 (permalink)
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Watching VFC in real time, August 31, 2012


1 winner, 6 losers, net -$3.

Traded like I felt today: running in place. After a week of 25 hours of sleep, should have taken the day off.

Trade 1 After 4 lower highs, I felt this was with trend. I did ignore the higher low at 7:30. After taking heat on the first bar of the trade, I trimmed my stop and was taken out shortly after that.

Trade 2 was a long after 2 higher lows and a close above the EMA21. When price above $153 was rejected, I became defensive with my stop. Already at this point, I think I was trading to not hit two negative trades that woiuld close me out for the day.

Trade 3 was after another higher low still. And again around $153 for the same psychological reasons I jumped out at single-dollar profits.

Trade 4 was after price broke an uptrend line and putting in a double top. This short ended up being into resistance. Price came back to my entry point and started to trade down briefly. I jammed my stop lower to BE. I was a little slow to realize that

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  #134 (permalink)
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Watching VFC in real time, August 31, 2012

1 winner, 6 losers, net -$3.

Traded like I felt today: running in place. After a week of 25 hours of sleep, should have taken the day off.

Trade 1 After 4 lower highs, I felt this was with trend. I did ignore the higher low at 7:30. After taking heat on the first bar of the trade, I trimmed my stop and was taken out shortly after that.

Trade 2 was a long after 2 higher lows and a close above the EMA21. When price above $153 was rejected, I became defensive with my stop. Already at this point, I think I was trading to not hit two negative trades that woiuld close me out for the day.

Trade 3 was after another higher low still. And again around $153 for the same psychological reasons I jumped out at single-dollar profits.

Trade 4 was after price broke an uptrend line and putting in a double top. This short ended up being into resistance. Price came back to my entry point and started to trade down briefly. I jammed my stop lower to BE. I was a little slow to realize that price was failing to push through resistance from the prior day. Still not wanting to end for the day, I bailed at BE.

Trade 5 was a flip after seeing price break a longish resistance trend line. Held this for a small gain. Jammed out after price failed to go higher.

Trade 6 should never have happened. I should stop at trade 5. But I had a lower high and a break of a trend support line. Ended getting out at a modest loss.

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  #135 (permalink)
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Equity Curve August 31, 2012

Equity curve with last week's results added. I included dates and vertical lines so you can see where weeks begin/end.

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  #136 (permalink)
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bijeremiad View Post
Equity curve with last week's results added. I included dates and vertical lines so you can see where weeks begin/end.

Nice work.



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  #137 (permalink)
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Watching VFC in real time, September 4, 2012

3 losers, -$80.

Trade 1 was a embarrassing. Obviously countertrend. i thought after 36 minutes of consolidation after a stronger-than market sell-off, I would see a reversal. No luck. Stopped out in 10 minutes.

Trade 2 was a break out below 150.25, and a late one at that. Took heat, but got to break even. Unfortunately, because I was long, I didn't clearly see the potential double bottom put in.

Trade 3 was done looking for a complex correction, which never materialized. Was out for the day. I had hesitated just 15 minutes earlier about getting long, but as price continued to trade through where I thought the pullback would go to, I changed my mind to short. I did have the bounce off the EMA21, after trading through the average at 9:03am.

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  #138 (permalink)
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Watching VFC in real time, September 5, 2012

1 Winner, 2 Losers. Net -$4.

Trade 1 was intended to be a pullback. Price had put in a lower high and a lower low. I entered after an even lower high. Stopped out in bars.

Trade 2 was a test off of a recent intraday level. Even though it was followed by a lower low. I felt like the day would be range bound, and exited after a trendline had been broken.

Trade 3 was the first pullback after price reversed through the EMA21. It was apparent after a few bars that my entry had been a trap. Price never cleared the previous high, so i pulled out early.

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  #139 (permalink)
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Watching VFC in real time, September 6, 2012

3 losers. Net -$80.

Trade 1 was taken near the bottom of a triangle, a pullback after a higher low (but also preceded by a lower high). When price failed to carry higher, I dropped out at break even.

Trade 2 was a breakout, suspecting that I had gotten direction wrong on the previous trade. After price broker through the low of the previous swing point, I went short. Was stopped out in a few bars.

Trade 3 was intended to be a test of a previous intraday swing point. A curious position to take after the strength that price showed in the prior 5 bars going into the "set up." Stopped out.

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  #140 (permalink)
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Watching VFC in real time, September 7, 2012


1 winner, 3 losers. $56.

Trade 1 was a trade off of a pullback, but was late enough it looks more like a breakout. It was also done very close to a resistance point. Should have been more defensive with resistance so close. Stopped out.

Trade 2 was a break out trade after price didn't go past prior days' resistance. Although the trade was countertrend. I didn't give the trade much space and stopped out at BE.


Trade 3 was a flip around after a higher low suggested the trend was up after all, but it didn't move very fast, so I bailed at BE.

Trade 4 was a pullback off the EMA21. Moved my stop once but trade was in my favor for most of the time. Held to the close.

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