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January 3rd, 2006 by eyal | Filed under Day Trading. |
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A nice start for 2006. Took 1 short in PPC for a +4R gain. The market looked weak in the morning so I was focusing mainly on the short side. Other notable potential trades which I’m sure some of you have taken are RMBS and GG which set up nicely but due to the bias I had in the morning I skipped. Other stocks on my radar were JBLU and SFCC but JBLU didn’t set up in the morning and SFCC printed what looked to me like an ugly 4th bar on the 15min. I’m being far more selective in the stocks I include in my watchlist hence those 5 were the only ones I was really looking at.
