LVLT & BWNG

October 17th, 2006 by eyal | Filed under Day Trading. | Print This Post Print This Post

Managed to catch 2 nice ones on the long side: LVLT and BWNG which ended up at +6.7R for the day. I probably could have squeezed more R out of them but I used rather wide stops because the overall market was red. If you’re wondering why I went long rather than short then as I mentioned earlier in the day I couldn’t see any real dummy candidate on the short side and these two stood out as ‘true’ dummy candidates which more often than not defy general market direction. Of course they could have just as well ended up in 2R losses and then instead of this rationalization you’d be reading about me beating myself for going against the trend :)

  • Share/Bookmark

Other possibly related posts:



«
»

4 Responses to “LVLT & BWNG”

  1. Gav | 17/10/06

    Well done man. Life is not easy for dummy traders recently, but , anyway, we are still able to squeeze soem profit out from this market.

  2. Eyal | 17/10/06

    Thanks Gav. Yes, I’ve had a rough period during Aug-Sept with a flat P&L, unfortunately I can’t really tell if it’s the market or just me doing the wrong things since I didn’t trade on a daily basis (almost a must in my opinion to be able to trade well).

  3. Dave | 18/10/06

    Gutsy move to go long on a day like today. It was odd that there was so little to choose from on the short side. Nice moves.

  4. eyal | 18/10/06

    Thanks Dave, I wish I could muster those ‘guts’ more often. It is usually the harder trades to take that turn out well and whenever I trade “with no balls” as I call it I do rather poorly.

Share Your Thoughts

Bad Behavior has blocked 111 access attempts in the last 7 days.