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 .