LAZY DOG Picks

[Deaddog]

SIMG @ 4.32 Stop @ 4.10 Target = 5.22 (Bottom Fishing)
As always risking less than 1% of account value.

Hit Stop @ 4.10 Sold for a 5.1% loss

[hags]

Hit Target @ 20.40. for a 20% gain.

Why is $20.40 a target?, or 20% gain a target?...

hags

[Deaddog]

Why is $20.40 a target?, or 20% gain a target?...

hags

No good reason that I can come up with.

It's a starting point. It gave me better than a 1 to 2 risk reward and I'm happy with 20%. I had set a GTC order when I entered the trade and when Jive opened down this morning I didn't cancel it.

If my risk is less than 6.6% I use a 3 to 1 risk reward to set the target. If it's higher than 6.6% I start with 20% and work down. With Jive there is quite a bit of overhead resistance. So 20% in a few days seemed reasonable.

Techically 20.40 was just under the 50ma.

That's my story and I'm sticking to it. DD

[Deaddog]

Picked up 1/3 position in ALGN @ 33.40
Stop@ 31.75 Target @ 38.40

[KGMani]

you did good with PRGO.. screamer...

watching PRGO pass by at 114.66. Time to send some cheese to starving Mr.M. LOL

[hags]

No good reason that I can come up with.

It's a starting point. It gave me better than a 1 to 2 risk reward and I'm happy with 20%. I had set a GTC order when I entered the trade and when Jive opened down this morning I didn't cancel it.

If my risk is less than 6.6% I use a 3 to 1 risk reward to set the target. If it's higher than 6.6% I start with 20% and work down. With Jive there is quite a bit of overhead resistance. So 20% in a few days seemed reasonable.

Techically 20.40 was just under the 50ma.

That's my story and I'm sticking to it. DD

I'm sure the price action today is making you ill, so I'll leave you be....

hags

[Deaddog]

I'm sure the price action today is making you ill, so I'll leave you be....

hags

Who was the guy from the A team; used to light up a cigar and say “I love it when a plan comes together.”

That’s the way I feel. I had a plan with entry criteria that were met, a stop loss in place and a defined target. The stock hit my target; I closed the trade, Took my 20% as per plan. Follow the Plan!

No sellers’ remorse: I rarely look at a stock once it hits an exit unless it shows up on a scan again.

I got what I wanted out of the trade. Never in at the bottom or out at the top. Take a bite out of the middle and leave some for the guy I sold it to.

[Deaddog]

Picked up 1/3 position in ALGN @ 33.40
Stop@ 31.75 Target @ 38.40

Fill position @ 34.25 Average cost = 33.96
Move stop to just under 33.
Initial Target = 36.80
Risking less than 0.05% of account.

[Deaddog]

ONXX

Stopped out @ 44.00 for 6.4% Loss

I need a painkiller

[Deaddog]

Start a position in JBL @ 20.30
Stop = 19.4 T = 24

Edit: Have full position @ 20.30

[riverbabe]

ONXX


I need a painkiller

Sorry about that. 'Ya really need to tune into Twitter $ONXX search or follow biorunup and/or adam feuerstein @ twitter home. Please don't get into the baby biotechs by technicals. They're news driven and there was a panel yesterday.

[Deaddog]

Fill position @ 34.25 Average cost = 33.96
Move stop to just under 33.
Initial Target = 36.80
Risking less than 0.05% of account.

Traded lower than my stop today; unfortunately I was on the golf course and didn't have a chance to get out. We'll manage this in the morning. Could be costly.

[Deaddog]

Traded lower than my stop today; unfortunately I was on the golf course and didn't have a chance to get out. We'll manage this in the morning. Could be costly.

Error compounded by error.
I managed to miss the first ½ hour of the trading session today and opened my trading platform to find ALGN down at 31.15. I watched the price action on the 5 minute chart and put a 2 bar trailing stop and got stopped out @ 32.17 for a 5.3% loss.

Can’t blame the strategy on this one, only the idiot doing the trading.

[Deaddog]

Start a position in JBL @ 20.30
Stop = 19.4 T = 24

Edit: Have full position @ 20.30

Stopped out @ 19.17 for a 5.6% loss

[Deaddog]

SPPI:
Momentum Play: Enter when stock traded above today’s high with stop below today’s low.

Open position @ 15.00
Stop @ 14.40 Target @ 17.00
Risk = less than 0.5% of Capital.