Oops I did it again FB

Yes it was FB again that tempted me so much to hit it heavily, I promised myself I will not trade after such a great day yesterday, but just could not stay away. In these case  traded tiny  size just to get it out of my system. 

FB long 500 shares

FB sold 200 and 100 on the way up and closed the rest at break even stop 

This is how SPY looked at the open 

SPY

SPY opened with small gap up , extremely nice break out above the channel, entire  all market was green , pure long opportunity 

How do I not trade this ?

I used 15 min chart, the wicks were too nice showing the buyers were bidding the 110.50. 

The high of the second doggy wicked candle was  111.06 risking the low 110.51 so risk was strictly 55 cents. I tried to resist not to take the trade but anyway did it with only 500 shares risking about $250. 

When trade went in my favor these  are the thoughts I am fighting with on daily basis. I'm sure many of the readers have same challenge, but have to somehow overcome it,  there is no other way around it. And how will you overcome it? Easier said then done but you DO NOT THINK ABOUT THE PROIFTS !!! You must think ONLY ABOUT HOW NOT TO LOSE , OR HOW LITTLE YOU WILL LOSE if it doesn't do what you expect. Consider you will lose. Write this down and glue it to your monitor to be in front of your face if you are weak character like me. And place the order to take profit ahead of the time.

So here are my thoughts: ( part of your trading journal is to write your thoughts too,  not only the entry points, so when you read your own journal after few months, you will clearly see what thoughts you had and what repeats constantly in your trading mind, then you can correct it buy creating rules)

• "Ok there she goes up...  great,.. I am taking some off on the way up, to pay me ....hmm ..or maybe I shall just let it ride the whole thing for a home run ?!?....hmmm ...maybe  not ..but wait a minute what is my plan? 
• My plan is : risk 55 cents, take half of at 1:1 Risk: Reward, place break even stop on the rest  
• So if my entry was at 111.16 taking off 200 shares  at 111.64 and 100 at  100.83 is more then 1:1. So I did take it.
• Break even stop ( almost br. even)  was placed and triggered,  BAAAM a green trade.
• Did it go much higher later  ? YES so what ? Did I lose ? nope !! 
• Now what if I didn't take the 1:1 gains? I would have had a very very hard time to get out at break even , since I saw profit $250 which is what I risked , and seeing that profit how it disappears, will not make me get out at break even,  wanting that profit to come back again,.. Sounds familiar?? ... and more often I would lose, I bet this sounds even more familiar ...he he... except today , since the market was so strong it took off to new highs for the rest of the day. But days like these do not happen very often. More often we get chopped up giving away the profits we made. Or it is just ONLY ME  experiencing this losing scenario?  Is it only me ? Write a comment let me know please ...

This is what I twitted before the trade took place

The live twit click here

FB trailing the stop that was hit and then I stopped trading 

And here is the crystal clear big picture clear  FB breaking the major daily high 

Hope you all have great weekend 

I will, if anybody wants,  write a post on swing positions, It is really up to you guys if anybody wants I definitely  will.  

Salute 

@DaChopa

$FB short and long $NEOS

NEOS was a somewhat easy short trade very predictable shoring the pops

Here are all the  tweeted entries

Executed fills

NEOS 

NEOS

FB well that was a pure liquid beauty !

It was the "My Favorite Set Up" explained in many of my previous posts. High conviction trade with strict limited risk above the HOD so attacking from the wicky 2 min candles at the top was merely no brainer.

Trading a crappy stock like NGLS the past two days, then trading a beauty like FB,  feels like climbing Mt Everest and then taking a walk in a park. So sometimes taking a beating works for the better. See this post when nothing worked and was total red day across the board HERE

I love these earning's days when surprises are so big, that  volume just flooows and sizing is like dancing or like shooting machine gun at a shooting range.  

The short was initiated after fail to break the 2 min opening range. The 2min candles showed clear wicks, a rejection of upper levels, with risk above them as twitted here  real time.  although it worked on 5 min candles too ( I keep switching often 2 min to 5 min depends on volatility)

FB the initial short with risk above 108

.

People ask me: 

• "What is your entry price? 
• "Where did you cover ?"  

This pick explains how I prefer to do it. Here are some of the fills since not all of them can fit  in:

FB Entries:  Rapid Fire ?

FB Covers  : Waltz Dance ?

Why my entries are in partials like this is explained in this prev post click here 

The thing about trading these big boards on earning's day is that the volume is so big and above the average that the movement is so fluent and with very little choppiness, therefore just trading by following the 2 min or 5 min candles is very doable and trailing stops is quite all right.

Watching the time and sales with L2 is just another thing that once I focus on one stock is pleasure to see how the stock breathes.

Now many people will say being glued to the screen to daytrade is ridiculous, but on days like today it is worth it... I'd say.

Shorting the 2 min open failure worked like Swiss clock  but I did reverse to long once it came back above the 106 range which made the day even better better. It was aleap of faith to take the long, but the risk was one 5 min candle.

Next long was after failed short  planned here

FB failed short triggered long 

FB the long above major resistance 108.00 the original reason to short at open 

108.00 being major daily resistance which originally I used to short of off, was scary place to short again, since the fuel ( the volume)  was just enormous. I pointed out the 1 mil shares traded in 2 min on tweeter click HERE  and here is the chart with the pointed vol bar 

FB 

When the high of that candle with the volume that  was dramatically big breaks, ,usually  there is a nice follow through. Plus the break above major daily resistance 108.00 makes this a very powerful long set up. 

FB few near EOD  trades to seal the deal after I gave away some of the profits 

I may be away from twitter for a while, but will keep posting as much as I can about any trade ideas. Stay disciplined and  play small till you become consistent.

Salute

AngelDan@DaChopa

Factors that determine Easy trading versus Hard Trading

NGLS  the stubborn short trade ..I took this personally from taking a big loss on it  yesterday a very bad habit that I need to overcome. It just blows my mind how people can be chasing a stock long after 4-5 days strong move up. The spread is normally showing the liquidity, which was really bad and neither novice or myself shall have  any business to mess with such plays.
Just leave it alone.
But in case you do like to try the challenge this is how I do it:

I made rules that I obey and these are MY RULES  that I live by:
Rule Number #1 when a big spread is in effect :
NEVER HIT THE BID to short  and NEVER HIT THE ASK to go long.
It happen to me couple of times to buy at ask or sell at bid on a big spread and I was INSTANTLY and IMMEDIATELY DOWN over $1,000  trying to play big size of 5,000 shares or so.

Ever since then I made rule Number #2:
NEVER ENTER A BIG SIZE AT ONE CLICK or ONE ENTRY 
Now my default entry is 100 shares , so if I need to get size of 500, 1000, 1500 2000 and so on ,  I will hit the button respectively 5 times , 10 times, 20 times as needed to get filled.
This automatically PROTECTS  me of entering too large size by mistake, especially when playing big spread trades.

So here is NGLS how I started to short it :
The arrows represent the entries ( approximate )  and I place them above the market NOT HITTING THE BID. There are arrows above and below the candles t that were orders layered to get filled if the market would go higher to build bigger short position or if the market drops lower to cover in layers and to get paid in partials as I twitted but unfortunately I can not twit it all,  it is impossible to do all..

NGLS

Now here is this nasty feeling while I am trying to get and build position thinking this:

• "Oh I may not get filled, price may never go up there and I will miss the trade if it drops , and I will make very little money..maybe I shall just hit the bid ..hmmm...what a hell let me just get in this trade I'm sure it will go down after 5 days up and I will be upset if I am not in it, so I will not be able to make up for my loss from yesterday ....blaa  blaa blaaa "  milion and one reasons to get in the trade crossing my mind.. ha ha 

My mind keeps saying this ALL THE TIME.. So who is my enemy here ?
Overcoming this emotional feeling of missing the trade  is one of the HARDEST THINGS to do in trading   ( Speaking for myself)
Very seldom I get lucky hitting the bid on big spread and having the stock to dive in like Titanic. It is a great feeling when it happens, but more often is a bad habit. We tend to memorize those winning trades and we get a good reinforcement out of bad habit. Really really bad !!!

People ask me why make only $100 with $30,000 acct? The above explains it all. Do the math: My rule I go buy is 1/10th of ATR is distance to build position or to take  gains mostly adding liquidity to the markets. Scalping allows me small but more consistent gains rather then looking for home rums that do not happen very often. The ATR of NGLS is $1.55 so 15 c would be distance to add or to take profit. Of course I incorporate the intraday support and resistances,  20 and 200 sma as levels where position may be stopped out, or be build heavier when everybody is getting stopped. This can not be read and learned from reading a book and immediately  "quit my job and make living from trading ".   Only way to understand it is to DO IT.  And to do it long time. And to do it long time know you will be losing so if you are novice , or seasoned trader who never have a green month , play small even a symbolic size , until you get it. I still don't think I am good enough and one of the reasons I write this is to get it sunk  into my mind coming from myself to myself. It is just not easy and I am battling this battle against myself every day.

AAPL

I was scalpin layering short sell orders on the up moves and covering into the dips.

AAPL

SPY

At the same time I keep eye on SPY and QQQ that were strongly divergent with AAPL making higher lows versus AAPL making lower lows. At my last short a heavy buying came across the time n sales. If what I expected didnt hapen , ( I expected furtehr crush in AAPL before the FOMC ) then the opposite was very possible to happen at much higher level. Reversed the short to long risking one 5 min candle entering long 94.30 area at the break above the first green 5min candle right from the bottoming tail prev 5 min candle in mid day. Loaded up on the way up, made my day .. I wish I was shorting it after the FOMC but I have no regrets.

To conclude the key factors in going long AAPL: 

1) oversold to 94.00 round number

2) strong divergence with SPY and QQQ

3) the bottoming tail 5 min candle , followed with strong buying Time n Sales

4) the first break above the high of green 5) min candle at 94.34 area with risk below the same candle. great RR with great trail on the way up. 

 The only regret I have is NGLS, but it was again LESSON LEARNED. Don play big spread, iliquid stocks. I will stay away from them once and forever.

CREE was twitted real time actually way ahead of it, if you want you can see my twits with time stamp. I did tiny size just so I can demonstrate how it works while twitting it

CREE

CREE executions easier to show when only few hundreds shares 

.

Hope this helps

Feel free to post a comment weather you like the post or you don't.
Love to answer any questions. What else am I gonna do   :)  Salute

AngelDan@DaChopa

Trading day when nothing works $NGLS $CREE $FSLR

Today was a typical day when nothing worked ( or I was not functioning  ?!?)  and days like today are the reason why not everybody is trying to be a trader.

NGLS traded on think air, no volume, very  bad spread, very hard to trade, but I will be watching it tomorrow again. Something is just not right how this stock on nearly half of its average volume kept moving up and up.
I kept fighting  it and almost broke even at some point but having such bad spread and low volume I could not take it any more.
 The plan was very clear in my mind as explained in the previous post click here. However nothing works every time, and that is why the market exist, or there will be no market.
One thing to note is that markets were all day in green, and shorting is more difficult. However on stocks like NGLS running 4 days up 30% I do not lean on the markets too much anyways. The stock had a big run  having in mind its market cap of 2.5 billion, and in my opinion I would not dare to go long at today's levels after  such rally from $9 to to $13 in 4 days. More often I lose then make any gains going long in such scenario. So I do not have regrets.

How To Short Stock, Tip For Novice Trader $NGLS

NGLS has been in a 4 days uptrend . In regular market conditions 4 bars ( of any time frame ) is above the average move in one direction. A correction is due. You can make money by buying low and selling high. However that order is not necessarily of how it must happen. You can first sell and then buy it back at lower price. Let's not get into it why and how and all the technicalities of the short selling. Just take it as it is and know that you are obligated to buy the stock back after you have short sold it. And know that if you you buy first,  the risk is  limited, and you know how much you are risking if the stock drops to $0.00. You will lose what ever you have in your broker's account. When you short sell it the risk is unlimited because the stock can go up to infinite, so you can lose more that what you have in your brokerage account. Recent Example  KBIO.

NGLS is a big board stock , with 2.5 billion market cap,  not a low floater , and any big surprises that may sky rocket this stock are extremely pretty small. In translation this means that: there must be so much buying and so much volume to make a big move up. This is important , so you are aware of the risk you are taking when short selling this stock. You do not want to be short on a stock that can move up against you very quickly, to cause big losses in very short time. You need to be able to get out timely , and without any problems  filled.
So we have:
1) Four days over-extension in clean one direction
2) Big board symbol
3) no current recent news
4) good average volume of 2,000,000 per day  ( easy fills)
5) price pattern which I will explain below :

NGLS ran 4 days up from $9.01 to 13.66 !!! Gaining over 30% and current price is hitting a overhead resistance 14.00 area. Click on the photo to enlarge it. Click on the BACK browser button to go back to the context

NGLS on Jan 25

The red lines are intra-day support and resistances 

as reference levels of points to get in a trade and points of planned risk 

NGLS Jan 26 

Who ever was long form $9.00 area is IN THE MONEY making great profits in  less then a week. Think about it: if it happen to be you making 30% gains in one week would you take at least some of your profits if not all of it ?

Also keep in mind one great possibility:
It took 4 days to go up 30%
It may take ONE DAY to go down 50% of the move up, if not even more then that.
On the daily chart NGLS have not made yet higher lows.
So the odds to make new low below the $9.01 are quite great.

These are not prediction of what will happen. This is only speculations of what may or may not happen. NGLS can easily go up lot more many days in a row. However limiting the risk is key in any type of business just like in trading. In case you decide to short sell NGLS make sure you have exit plan if thing do not pan out as planned and as expected. Plan how much you may lose and you are willing to lose if the NGLS keeps going up and up in case you have a short position.

Same goes for the longs: just because the stock may go only to $0.00 that doesn't mean you have to stay long till it gets to $0.00.

Have a Happy and Safe Trading

Making money on red market day $FSLR $HD $FB $SSO

I am getting kinda bored sometimes writing a journal.. It is the journal that made me become a better trader, so I will never abandon keeping up journaling as much as I  can. So will update it later..at least I will try .. 

Watch List for Feb 25 Monday

The reason I make list of so many symbols is simple : not to try to trade all of them, but to find the one with the biggest gap up open tomorrow, by scrolling quickly in the first minute of the open , to look for the best daily levels and attack that one symbol that will look the  easiest to short .
So there it is :

GLNG   NGL WMB WPZ  CP OKE KMI  NGLS WETF YPE TRGP QRVO BX CSAL RSX CRUS SPWR DEPO ENB VLO NSAM CPGX  CG RMD SLB CVE CNQ APC APA W PBF TRP ABY AAPL SBGI

Why bother trading more then one ticker $XLNX

 Trading one symbol allows me to stay totally in sinch with the players of that symbol all day long besides being able to socialize with other traders which actually makes the trading way more fun.

XLNX was gaping  because of the earnings report in the PM. ( not that really matters at all ).

Very near by was its daily resistance 48.30, that put me in shorting mode. From the area where it opened, which I call the 15th floor, would have been ideally to break the 2 min opening range candle and to parabolically move to the 20th floor 48.30 the daily resistance. Then I'd have nice gap up, and parabolic over-extension ,which  would allow me to keep throwing  my offers and hopefully get filled as much as possible so I can cover on the way down with great pleasure. However this scenario didn't happen , but when it happens I'm always ready to attack heavily.

What happen today was a struggle to break the 2min opening bar, which was a reason to initiate my short, but small size just in case it squeezed and shoot  up to the 20t lh floor. In this case I was not gonna use stop but I'd add to the initial short. So, there are times when I go with size* and very strict stop loss, and times when I gradually increase the size as it goes  against me, if it does. If it doesn't then nothing: I will have a boring trading day being right and small sized, and there is nothing wrong with it.  Now it feels great to write about this , that is  in a way is sort of a very slow motion replay of all my thoughts that took place during the open. When it broke the low of the 2 min bar, I added and soon  after covered for nice gain of over 70c. BTW 70 cents is half of the XLNX ATR of $1.40. So when a trade gives me such a great gain of 1/2 ATR in matter of 6 min , I TAKE IT .

Then I made a plan to immediately re-short if bounced up  to 46.75. However there was no immediate bounce, but it grinded slowly to  the 46.75 creating higher lows, which I did not acknowledge immediately. The higher lows are more likely to be followed by rally , specially on increased volume and on earnings day ,  speaking in hindsight now. So I took that short, and almost gave all my profits away. Not end of the world knowing XLNX will just set up even better later on if it really comes to teh 20th floor 48.30 daily resistance. And so it did, and I did my thing that I love the most: piled some offers in that area, that got filled nicely. 

XLNX The 2  possible outcomes

XLNX   eod 

 Everything was twitted real time.

Here are some twits if you were not present during the trading hours

The first short twitted live here 

The cover for over 75 c twitted here

The visual plan on possible move down

The plan for possible move up  which I was not gonna long it BTW will let Timmy do the longs on earning winners not me 

All going per plan twitted here 

I even twitted many of the  fills here which I will not do in the future, it is a lot of fun  but way  too much work  

That is it in a nutshell, pretty simple play, fun day of trading.

Thank you all  for your feed back and your questions, it just makes me feel like I'm doing actually something important LOL. Some of  you even claim that your trading got improved from following me how I trade, but honestly I think most of you just are getting lucky. It may takes months if not years to actually make such statement,  So let's see  if any of my followers will actually stay green for few consecutive months he he. I doubt it !  So prove me I'm wrong ! 

Love you all !

Refer my blog to your friends that you care about and to your enemies who ripped   you off selling you videos and coning you into nonsense chat rooms.

Stay disciplined trade small and obey your rules what ever they are 

Salute 

AngelDan@DaChopa

Size* //  relative for all traders , large size could be 500 shares for  a trader who normally trades 100 shares , or 10,000 shares for trader who trades 2,000 shares  and so on .

The short winners HD SBUX this is how I did it

Why HD and SBUX and why not any of the stocks from the watch list ?

I did not like how they opened and decided to stick with the usual suspects
Both HD and SBUX are very liquid  BB stocks, normal trading volume and and trading range , very predictable how they trade, pretty much walk in the park,
Was it really easy ? Considering the  markets are oversold , it was not that much of a 100% sure trading, ( it never is ) it was not too comfortable knowing the markets are due for a bounce which was the only thing I actually twitted today and was again right on the money  Click to see my twitt here 
I'm not being a prophet but when you know the odds for something to happen are great , then expect it to happen.
When HD opened with pretty big gap down, I initially wanted to go long on the 2 min break out , but the spread was over 50c !! SO abandoned the idea, and soo after the spread narrowed to 3-6 pennies and it gave me short entry below the 2 min low. The drop did not have follow through immediately, it pulled back up , and here I come with building my position on the way up. It feels great when I size properly and the move against me is actually not only painless but a pleasure to be able to add some bigger size.
The rest of it is all on my charted snap shots.

HD the green thick line 

I draw at open as major area of resistance and risk limitation in case things went north

HD the initial short below 2 min break down

HD  the add ons with risk above the green line 

HD covering into the dive 

HD covering some more and trailing for exit 

HD trailing the exit is great when I catch a nice trend

SBUX was almost identical, and  here  comes the question I twitted: Do I really need many symbols to trade each day ? Why not focus on one and milk it all the way?!?

In general YES i need to LOOK at the other symbols , just to see if they are all playing along in similar fashion, or if many of them are divergent..

Hope  markets give nice bounce up , make the shorting easier. Also if they bounce up nicely they may give nice short swing opportunities, but I'm bored with swing and I seldom take some swing positions like NBIX . You may want to follow @Gregvasilev1 who will be happy to explain to you any questions you may have regarding swing , he is my Millionaire Challenge student   LOL

NBIX swing short 50.85  at the  20 sma touch down on daily 

Salute 

AngelDan@DaChopa

Watch List Jan 20, 2016 Wednesday

Same as any other other day , I like to have one table of stocks that are few days in over-extension , specially now when we have a bearish lover's market , when everything that is popping out is gonna get hammered. So here is the List I have for tomorrow and I will do my steps of due diligence just as I explained in prior posts click here

My favorite set up is a overextended stock to the upside possibly for few days in a row. Once I have them typed in my table, I make sure I sort them as percent gainers. The top gainer in the open is first that I will check out. Gaping up , is usually the best.  I scroll through all the symbols very quickly and in the first 2 min in the open I decide what to do.. By scrolling all the symbols , I also get a feel of the pulse of the market.. How many are gaping up or how many  are gaping down, and all that stuff.

These are my targets for tomorrow Jan 20  Wednesday 

DUST

DWTI

ERY

PTCT

SNY

NTES

FL

BURL

EDU

VNET

RPAI

UNH

AGR

WEC

CI

MCK

CPB

Have a happy Wednesday 

AngelDan@DaChopa

Tough time going long HD red day

HD long trade

As usual long is not my thing , I just tend to lose more often then to be profitable
In fact I was in nice gains adding to initial long , but miserably failed to take ANY profits.
Why?
I had this though implanted in my mind: "Market has to rally today it is time for a bounce "
It just happens and proves again, my thoughts are my worst enemies.
I shoulda, woulda,  coulda taken profit 1:2 risk :reward, but hey I needed that home run today.

HD

Here is my real time twit to short HD 120.30 area 

This would be a build up short if going against towards 120.50 with risk 120.80
HD  at eod nice stairs down ,

HD

To make a conclusion:

"Building the short gradually into the rallies and unloading into the dips" strategy as most of the times,  today wins again. Had to finish trading  early and small red day is always OK , as being part of this business.  

AngelDan@DaChopa

How I had a massive green day in very uncertain market $AAPL $SBUX

Today was one of those days when I was in complete sinc with the market.

 I had my bias for short, but I kept telling myself: "The move with the gap down is overextended, opening  over -2.5 % in red all across the boards   this short  is not something I would want to chase...", and of course I twitted it here before the market open ; click here to see my twit.  As you see from my twit. I was not going to enter any trades first 2 or 5 min which I normally always do, and I decided to wait longer till I pull the trigger. I wanted to read more what market was doing. Why ? Because I do not know anything till  I actually see it. From my watch list and the plan I had, I was ideally expecting from the markets a nice move up. probably a gap up open after a nice +2% rally on Thursday so I can easily short my W/L symbols. See my plan here . However totally the opposite happened.
 I know reading books will not make you a successful trader , but reading the thoughts REAL TIME from trader who makes money is the closest  reality  that you  may get.

AAPL was the stock I decided to totally focus on, simply because of its liquidity, and because when all of my items from my W/L did not do what I was looking for  (explained in my previous post W/L for Jan 15 click here again ) I would rather trade the stock with well know and predictable behavior. 

What did I see in AAPL ?
She was gaping down together with all the broader markets  opening down over 2.5% in red.
So the bias is short but this is scenario when I will not trade the strategy of building my short position as it goes against me. Building position works well for me when stock is well overextended and/or when it has a well defined overhead strong resistance ( speaking of Big Board stocks with mega float !!.. not KBIO or those penny low floaters that may give great % returns on small acct but also can annihilate ANY SIZE acct ). Today I was not going to use the building position simply because after gaping 2% down, a bounce or a squeeze may easily happen !!! If I am building into the squeeze, after such daily oversold levels  I may blow up a lot of money , because the squeeze may be severe. It has been buy the dips all year long and I can not possibly know  if the big balers may start buying this dip again .

 

AAPL  the visualized plan as twitted here real time  ! Not in a hindsight !

The entry at 97.00ish was well planed with a risk 97.30/50ish  

Now, since I already knew I will not build my position, I was able to size in pretty big , by having a well defined risk . I was gonna lose $1,000 to $1,500.00 on my 3,000 shares position that I got filled mostly at the ASK as I was adding liquidity.

The greatest thing about AAPL is that it trades so well even when choppy. Seeing the SPYs making higher lows kept me doubting if AAPL will  actually crash to lower levels.  Here it is: SPY at the same time when I shorted AAPL.

SPY do you see the higher lows after 2.5 % gap down? 

Would you short this? 

Would you be very cautious shorting AAPL ? You better be ! SO there it was my tight stop that would not be a build up, on large size.

So I kept watching AAPL  very closely, the time n sales, the Level 2 and was scalping the 10 to  15c moves for a quite a bit around the core short position, expecting to squeeze,  so the majority of my gains came from the channel scalping before it even gave the move down !  Yes ! Before it even dropped lower , all thanx to the SPY making higher lows and telling me: "Hey take every profit on AAPL short , caus I may take it higher from here, I may squeeze you big time  tough guy  "...  And that is exactly what I did : I did what market was telling me to do , not what I was wanting, or thinking, or expecting. Also twitted here real time.  It was me trading at  my highest zone level I  could possibly be. And this does not come from reading a book. It comes from years of trading,  losing, journaling my trades , from lot of pain and suffering. 

AAPLfinaly taking the drop 

Then I decided to add more size on the expected follow through drop bellow 96.00 level and also twitted here real time how I will do it. It is very simple chart pattern , watching the 5 min frame having a very narrow candles that if broken down may nicely continue at lower levels, or if broken up would close my short for fat gains. Being already deep in the house money including the gains I made scalping AAPL while SPY was making the higher lows , plus having a solid core position from 97.00

level making a whole $1.00 in gains made me ....hmm ...feel good...like  Philippe Petit felt on the wire between the twin towers in 1975. Recently seen movie  "The Walk" trayler click here  a must see motivational true story 

. 

AAPL  twitted the  plan here how to increase size using house money.

It is a simple 5 min candle pattern of taking the low with very limited risk above the same candle.

How often does this work?  I'd say 50/50 . The reason it is still profitable, is because the narrow candles are so narrow , that the loss is limited just to the range of that narrow 5 min candle. This time it did not work I got stopped out and exited my full AAPL position, with nice gains after all. 

After I got stopped out I re-enter again short for the last time from the intraday resistance as shown here :

AAPL the last short and covering partials...

Last cover was at the engulfing 5 min green candle showing strength after AAPL was now being in very oversold territory locking the final pretty fat gain ( for me was a big gain, but  maybe it is peanuts for Tim Sykes who knows ?!?)

The hand written red line was my opinion that AAPL may keep falling. At times is very hard to ignore my opinion, and it is hard to do the right thing when in a trade.  Doing the right thing is to follow the price action, and to listen what market  is telling you, And the market said it very clearly  to exit AAPL after the reason to stay short, seized to exist: the large engulfing candle to the upside , after which  AAPL went up.

And here is picture perfect SBUX short trade with trailing stop using lower lows.

o

SBUX was initiated short after AAPL dropped, and also SPY followed through as

twitted here also real time  

This is how SPY looked 

SPY 

How graceful and respectful are the technical analyses on intraday support resistances  

Tell me technical analyses do not work! Easier said then done but it is doable , with lot of patience and  trading tiny size for very long time.

I hope this is helpful,  write a comment, and feel free to ask any questions.

Have a great long weekend and better trading week starting Tuesday!

AngelDan@DaChopa

Watch List Jan 15 Thursday

If I only put all of these on my monitors and just watch them like a movie in a movie theater . the best trades will come to me 

• A gap up open would be extremely nice 
• If it is into a daily resistance would be even better.
• The further up above the 20 sma parabolic they shoot the better 
• If they grind up slowly will wait for a collapse then short the pull ups into the already created resistance under which she fall off. No need to guess the top. Grinding stock can keep grind all day long higher and higher 

KEEP IT SIMPLE KEEP IT STUPID .
AND NO IT IS NOT A ROCKET SCIENCE BUT IT IS NOT EASY EITHER