The chart you posted is for CHK - I already got out of that one. If you mean AMZN yes, I just got out, it was a bitter pill to swallow, but it was trading below its 200MAs and the QQQ keeps dropping so I pulled the trigger upon reading your post. Of course it could rebound back above but I can't keep my eyes open any more. Thanks for posting!
Sorry...I meant to post the chart for Amzn and I was in a hurry and posted the wrong chart...I was looking at CHK before I realized you had sold it...I'll be more careful in future.
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this is the chart I meant to sent you...you can see the signal to the MACD starting to fall and how the 20SMA was acting as a resistance to the price and then the bollinger bands were getting tight and the price was falling to the lower Bollinger band.
Sorry for the bad chart
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Well, AMZN closed below both of its 200MAs and even went a bit lower after market, it's relatively weak vs QQQ as well, so it's looking like a short now, however the stochastics are down low and that is a cause for concern if you want to short. I think it might get down to 325-320 area this week.
Bought YUM @ 75.25 - wish I had caught this on Friday . Low stochastics and bouncing off the 200s, in a bit late.
Bought TSLA @ 210 - oversold and looking for a bounce. Doesn't look too good actually, probably jump out Tuesday.
Bought SLCA @ 37.44 - cup and handle breakout above consolidation area , looking for 42.00 exit based on range repeat, but it's all blue sky up there, all time highs.
Bought KRFT @ 56.37 - breaking out above consolidation but not strongly, took some heat and hedged, this was just going to be a scalp but it failed to move as expected, going to hold it for a swing with protection.
Bought KRFT June 20 57.5 put option @ 2.45
Sold short VZ @ 47.61 - looking for a small move down to 47.20 based on weak hourly chart , I try to get some shorts in for a hedge.
Bought V (march 28th) @ 211.08 - it was going to be a scalp off of a short-term chart but kept going up so I'm holding for a swing to 218.00.
Last edited by MrBean; April 1st, 2014 at 01:34 AM.
Reason: adding V
29 trades (including 3 break evens, 6 shorts), 23 winners , 6 losers , average win 2.16% , average loser -1.27%, average of all trades is +1.45% or in other words $145 for every 10,000 trade. My trade size is usually about $2000, I am a small trader for sure, but if I can consistently win like this then I can increase my trade size over time. Or use options more often. I think I did quite well this month, better than usual.
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