Subscribe Feed (RSS)EXPE, NVDA
May 12th, 2006 by eyal | Filed under Day Trading. |
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Another big down day in the market with red across the board. Today was the first time that I noticed that my Trade-Ideas scanner (see on the right) did not spit out any long candidates at all, not a single one. Obviously I wouldn’t have gone long today but I thought it’s quite interesting as confirmation of the trend for the rest of the day. Anyways, I took two shorts:
EXPE - gapped quite massively but continued to be very active so entered on break of 4th bar and closed EOD for about 3.4R
NVDA - was also very active, entered below the 5th bar and closed EOD for about 1.2R. It rallied quite a bit in the last half hour wiping out almost 2R in profit but that’s the risk in letting profitable positions run.
The end P&L for today is +4.7R which is not bad.
I will probably be taking a few days off next week as I have a friend visiting from overseas and satying over. Alarm clocks, trade confirmations announcements and alerts starting at 1:30am aren’t very conducive to people’s sleeping :)
