Portfolio of the Week

[Lyehopper]

Spike, We'll play ya on it....

Tues intraday:

I say us FA guys will take the left goal and we'll play to the right. Those trees might come in handy when you guys try to score.lol

Hey Jiesen! We gotta tighten up dude. Three days left and those TAers are lookin serious this week. Think we can still take em?

[jiesen]

uh, yeah, sure! 40% in three days? No PROBLEM!

[spikefader]

limit to cover MOVI 8.38

[spikefader]

limit to short F 8.85

[Lyehopper]

Sell PSAI @ 15.81

Short BMD @ 5.26

[Lyehopper]

Short BMD market

[spikefader]

limit to cover F 8.83

[Lyehopper]

Spike.... confirm please

Short BMD market

Spike, I'm not playing this with real $$$.... But Is this a valid play?

http://img353.imageshack.us/img353/586/bmd9bf.png

[spikefader]

limit to short VPHM 18.85

[Lyehopper]

Why VPHM?

limit to short VPHM 18.85

I see the descending triangle on F .... But why VPHM?

[spikefader]

Spike, I'm not playing this with real $$$.... But Is this a valid play?
http://img353.imageshack.us/img353/586/bmd9bf.png

Yep, it's a good setup.

You can sure short the break down at the earliest opportunity and before it travels too far. But I think by the time you put you market order in, Lye, the price had fallen too far and it was a chase, and you filled at 5.25 only to see it bounce back up to that resistance (former support that formed the triangle). That's what happens when one chases, they have to sweat red, which I hate doing. I don't wanna sweat ANY red. The ideal thing for you to have done when you missed a good entry on the break down was to put a limit in to sell the resistance line of 5.31. And price action in the last 10 minutes would have given you the fill, and you'd be sitting pretty in profit, with a stop over that spike near your entry. That's great r/r. Your entry wasn't great r/r. You want to always plan that r/r so it's optimal, and be picky with entries, be patient, wait for price to come to you. It's an edge. Often it won't but when it does you'll be very happy with the trade. I'll bet you weren't happy with your entry once price did what it did. You surely said to yourself, why didn't I wait? And that's what anyone would do.

[Lyehopper]

uh, yeah, sure! 40% in three days? No PROBLEM!

Sure.... Spike's up 30% in just two.... Just gotta pick the right stock and the right direction.... Maybe we need to trade more often, seems to work for ol spike. lol

[Lyehopper]

Yep, it's a good setup.

You can sure short the break down at the earliest opportunity and before it travels too far. But I think by the time you put you market order in, Lye, the price had fallen too far and it was a chase, and you filled at 5.25 only to see it bounce back up to that resistance (former support that formed the triangle). That's what happens when one chases, they have to sweat red, which I hate doing. I don't wanna sweat ANY red. The ideal thing for you to have done when you missed a good entry on the break down was to put a limit in to sell the resistance line of 5.31. And price action in the last 10 minutes would have given you the fill, and you'd be sitting pretty in profit, with a stop over that spike near your entry. That's great r/r. Your entry wasn't great r/r. You want to always plan that r/r so it's optimal, and be picky with entries, be patient, wait for price to come to you. It's an edge. Often it won't but when it does you'll be very happy with the trade. I'll bet you weren't happy with your entry once price did what it did. You surely said to yourself, why didn't I wait? And that's what anyone would do.

So is that "W" bottom the same as a "tweezer" bottom?

[spikefader]

I see the descending triangle on F .... But why VPHM?

VPHM had a channel short yesterday with confirming pattern, as in chart. Today I was looking to short a pop to the neckline price, but settled on shorting the intraday price resistance at 18.85 and it's doin' the magic so far.

The daily setup:


Today intraday:

[Lyehopper]

Cover BMD @ 5.34

Short AMHC @ market