Trades Of The Day - Blue Coat Systems, Inc. (Public, NASDAQ:BCSI) & Arch Coal, Inc. (Public, NYSE:ACI)

Shorted $20.54
Closed postion $20.08

Notes
1) Exit to early and missed the 38% target.
2) Perhaps I should have waited for the candle to closed.



Bought $49.02
Stopped out $49.05

Notes
1) Moved stop to limit risk.
2) Should have partial near R2.

Short Trade Of The Day - Agnico-Eagle Mines Limited (USA) (Public, NYSE:AEM)

Shorted $69.89
Closed position $68.71

Notes
1) The 11:00 bar was a better trigger comparing to the 10:30 bar because of the spread. It was 60 cents vs 87 cents
2) Other metal stocks showed reversal before AEM. At the end, I exited before it hit my stop and it was a good choice.

Short Trade Of The Day - Jackson Hewitt Tax Service Inc. (Public, NYSE:JTX)

Shorted $14.25
Closed position $14.06

Notes
1) Price didn't hit my stop at $14.11, but I have to closed position early because there was a problem with IB data.

Trades Of The Day - UBS AG (USA) (Public, NYSE:UBS) & United Rentals, Inc. (Public, NYSE:URI)

Shorted $32.35
Closed position $32.21

Notes
1) Tighten my stop 3 times along the way to limit risk.



Bought $20.41
Stopped out $20.32

Notes
1) Should have put my stop at or below ORH. Nevertheless, I think the choice was right to keep my stop and take a loss.
2) Give up HBC for this. Big mistake!

Short Trade Of The Day - ITT Educational Services, Inc. (Public, NYSE:ESI)

Shorted $69.99
Closed position $68.68

Notes
1) Enter before 11:45 bar closed.
2) Spread was wide, so I only traded a very small position to minimize risk.
3) Should have cover right at the daily support $68.36 (blue line) from 01/23/2008.

Short Trade Of The Day - Hutchinson Technology Incorporated (Public, NASDAQ:HTCH)

Shorted $16.87
Covered partial $16.19
Closed position $16.15

Notes
1) I was going to enter early when the 5ma hit the 11:30 red bar. But hesitated and decided to wait until price break the ORL. Nevertheless, the next bar high would have hit the stop of $17.50, so it was a good choice.
2) Entry was the strong red bar (13:30) that broke the ORL.
3) Should have enter after the market digested the 1/2 point rate cut, but entry was too good and I was prepared with a wide stop loss.
4) Stock closed just above the daily support $16.15 (blue line) from 10/17/2002.
5) Chosen a stock with weak fundamental (downgraded and weak earning) so it would not be jumping too much when the rate cut was announced.
6) This was a risky trade which I doubt I will do again. Next time, I would wait and enter after any FOMC news or only play the market with smaller position.

Short Trade Of The Day - Theravance, Inc. (Public, NASDAQ:THRX)

Shorted $19.52
Closed position $19.50

Notes
1) Enter 2 min before 12:45 bar closed.
2) Entry was the strong red bar (12:45) that broke the ORL.
3) I missed the daily pivot point from 01/02/2008 and price reverse at that point.
4) Could have taken a small profit at $19.44, but I decided to stay and at the end, I covered to breakeven.
5) ABK was my first choice, but there wasn't any shares available to short. Still, I doubt I can trade it any better than THRX.