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Cubs18 trek from $8,000 to $25,000 (CURRENT $25,300) - Trade Journal of a 20 year old trader - Page 13

post #241 of 317
6/5/12 at 9:22pm
Quote:
Originally Posted by Cubs18 View Post

thread updated, still holding /CL long from 84.87 and the V puts

 

I expect V to get a gap fill down to the 105 area between now and July.  Not exactly a huge position, around 3k.  I like to pick on stocks that show weakness and in my opinion V has showed that lately.  The last trade that I picked on weakness was GOOG and that worked out well.  I expect the market bounce to take V up a little bit, so I might have entered early, but there is always the possibility that V gets some sort of negative news.  Most of the other credit card stocks showed strength today...but V didn't, such as MA.  Still need to get the screen shot up for that GOOG trade.  My /CL trade is rather large with 3 contracts...looking for a swing here on a market bounce.  Perhaps to around the 86-88 area. 

 

Over the weekend I was looking over CC stocks ..... I felt most of them had more room to fall.  Then of course we got some stubborn bounces from them the last two days to defy my assessment.  LOL

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post #242 of 317
6/5/12 at 10:19pm
Thread Starter 
Quote:
Originally Posted by Rock Sexton View Post

 

Over the weekend I was looking over CC stocks ..... I felt most of them had more room to fall.  Then of course we got some stubborn bounces from them the last two days to defy my assessment.  LOL

Yeah, I think they have some room to fall...I guess we just need to get this bounce over with as a market.  

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post #243 of 317
6/5/12 at 10:20pm
Thread Starter 

Screen Shot 2012-06-05 at 10.18.23 PM.png

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post #244 of 317
6/5/12 at 11:38pm
Thread Starter 

Well, finally in the green on that crude trade after being down a good bit.  Finally, huh MR #SK?  Let's see that 86 area next.

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post #245 of 317
6/5/12 at 11:48pm
Thread Starter 

Keep in mind, with the amount of $$ I have taken out of my account, I am at about 30k...I don't count that as it is not in my account.  Just keep in mind I am still over my goal essentially. 

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post #246 of 317
6/5/12 at 11:54pm

Any new target goal? $50k is pretty reasonable for you right? koolaid.gif
 

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post #247 of 317
6/6/12 at 1:47am
Quote:
Originally Posted by Cubs18 View Post

Well, finally in the green on that crude trade after being down a good bit.  Finally, huh MR #SK?  Let's see that 86 area next.

 

That break of 85 wink.gif

 

Screen Shot 2012-06-05 at 8.03.20 PM.png


Edited by Stock King - 6/6/12 at 2:04am
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post #248 of 317
6/6/12 at 2:20am
Thread Starter 
Quote:
Originally Posted by DamaniBrown53 View Post

Any new target goal? $50k is pretty reasonable for you right? koolaid.gif
 

Yeah...once I get a solid break of 25k I will switch it to that or 100k

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post #249 of 317
6/6/12 at 10:53am

RUT looking strong to 760

F     looking strong to 10.83

PCLN Broke 630 making a recovery :) 

 

I'll post a few charts in a sec.

 

RUT

 

RUT.png

 

F

F.png

PCLN

PCLN.png

 

Sorry for not showing the support and resistance lines. I trade on two charts... One with all my support and resistance with volume.. and the other chart with all my indicators and stuff. Don't like things sloppy. I just need the support and resistance to see my ranges and potential targets. 

 

Rut is pretty much at it's target after today. F is almost their. PCLN still looking strong to the target, will keep an eye on it. Need it to break 636 before I re-enter my move.


Edited by DamaniBrown53 - 6/6/12 at 11:07am
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post #250 of 317
6/6/12 at 7:39pm
Thread Starter 

out /CL at 85.38, fell asleep today due to being up all night watching it and missed my sell around the 86 mark...gonna look for re entry around the 85 level

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post #251 of 317
6/6/12 at 7:44pm
Thread Starter 

also sold my V puts for a loss...will be stalking /CL for 85 entry tonight

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post #252 of 317
6/6/12 at 7:50pm
Thread Starter 

Thanks for the charts Damani!  Awesome stuff. 

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post #253 of 317
6/6/12 at 8:36pm
Thread Starter 

i went short 3 /CL at 85.44, looking at riding it down to low 85 area, out if it breaks 85.50

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post #254 of 317
6/6/12 at 8:41pm
Thread Starter 

Screen Shot 2012-06-06 at 8.40.29 PM.png

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post #255 of 317
6/6/12 at 8:42pm
Thread Starter 

Screen Shot 2012-06-06 at 8.40.50 PM.png

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post #256 of 317
6/6/12 at 8:43pm
Thread Starter 

So took about $700 on that /CL trade, obviously left a lot on the table.  Let's see where this short 3 /CL from 85.44 takes us.  

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post #257 of 317
6/6/12 at 8:44pm
Thread Starter 

Recent short Screen Shot 2012-06-06 at 8.44.04 PM.png

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post #258 of 317
6/8/12 at 1:23am
Thread Starter 

at 28,300...but spent 2400 on GLd/SLV so ill add that to the withdrawals, true acct value is 25900 right now, I don't know why I didn't focus on trading /CL before, very profitable so far.  just have to watch supports/resistances and make the entries crisp...trialing stops for the winners

 

currently long 3 /CL at 83.25

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post #259 of 317
6/8/12 at 1:28am
Thread Starter 

sold at 83.33, doesnt sound like much but thats a quick $240 - $20 in commissions $220 profit

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post #260 of 317
6/8/12 at 1:32am
Thread Starter 

like a robot right now...short 83.33, out 83.25...another $220 ahhhhhhhhhhhhhhhhhhhhh

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HotStockMarket › Forums › HSM Stock Forum › Trade Journals & Stock Tips › Cubs18 trek from $8,000 to $25,000 (CURRENT $25,300) - Trade Journal of a 20 year old trader