Tuesday, July 26, 2011

Trade Recap - July 26, 2011

Great day today! Market seemed a bit goofy at first, but things straightened out and a bunch of setups came around. A little over $800 in gains for the day. Follow me on Twitter!

There are a few trades I mentioned in the video that aren't posted below. This is because those trades were either break even trades, trades that didn't make a big move (but still profitable), or, in the case of SLAB, a small 4 penny loss. If you wish to see these trades, just view the video.

Again, here is the recap video if you don't feel like reading: Recap Video - July 26, 2011

Long BRCM $38.60 w/a stop at $38.20 Hit a high of $38.88 (.28/share) before hitting my stop. I liked the gap and early high it made. Bought it after a small pullback in the hopes of it breaking to new highs and Booming the rest of the day. Made a new high, but didn't quite take off like I hoped.


Long PCAR $45.40 w/a stop at $45.15. Hit a high of $46 (.60/share) before hitting my stop. I sold quick into the pops, but held a small position in the hopes of getting $1/share on it. Shoulda coulda sold it all for .50/share at $45.90, but greed got the best of me. Still a very profitable trade.


Short IDCC $73.98 w/a stop at $74.98 which was lowered to $74.15 just a few short minutes later. Hit a low of $72 ($1.98/share) before eventually hitting my stop near the end of the day. Scalped this one pretty quickly. Only had a small 300 share position.


Short MCP $63.98 w/a stop at $64.19 Hit a low of $63.61 (.37/share) before hitting my stop.


Long MCP $64.54 w/a stop at $64.20 which was quickly raised to break even after the first initial pop to $64.70s. Hit a high of $64.89 (.35/share) before hitting my stop.


Short MCP idea $64.11 w/a stop at $64.72. I wanted to short this SO bad, but since it was late in the day and I was up over my target...I stopped myself lol. Dropped as low as $63.56 about 30 minutes later.


Video Recap (Does not include MCP Long Trade):

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