Wednesday, October 31, 2007

Long Trade Of The Day - McKesson Corporation (Public, NYSE:MCK)



Bought $64.97
Sold partial $65.08
Closed position $65.05

Notes
1) Bought too early under the base, because I entered limit order instead of stop limit by mistake.
2) Should have taken partial at the 15 min ORH.
3) Closed position a bit early as the market was acting strange prior to FOMC.

Thursday, October 25, 2007

Short Trade Of The Day - VASCO Data Security International, Inc. (Public, NASDAQ:VDSI)



Entry $27.06
Covered partial $27.05
Closed position $27.04

Notes
1) Hesistated to enter at the break of the 3rd bar.
2) Got out quickly before price reversed.
3) Price hit low at the end of the day.

Thursday, October 4, 2007

Short Trade Of The Day - NutriSystem Inc. (Public, NASDAQ:NTRI)



Shorted $32.55
Covered partial $32
Closed position $31.60

Notes
1) Didn't enter at the 17th bar low. Bad choice!
2) Enter in the middle of the 20th bar. Therefore, I used the trigger bar (19th bar) high, close & entry price [$32.95 - ($32.67 - $32.55)] to calculate my protective stop of $32.83. Luckily, the 21th bar high was $32.81 and it didn't hit my stop. Still, I won't make this a habit.
3)Target was $31.42 (halfway between ORL to 38.2% retracement), it came close, but never reached.
4) Took partial at $32 because around number is a common support/resistance.
5) Must learn to trust my own analysis and enter trade accordingly.

Wednesday, October 3, 2007

Long Trade Of The Day - Panera Bread Company (Public, NASDAQ:PNRA)



Bought - $46.11
Sold - $46.60

Notes
1) Entry was too early.
2) Protective stop was at $45.61 (61.8% Retracement Level).
3) Target $46.76 (ORH) was reached at 12:50pm bar.
4) Setup was okay and price action stayed above 50% Retracement Level.
5) Must time my trade carefully and avoid early entry.
6) 30 min chart presented a better inside bar setup.

Monday, October 1, 2007

Short Trade Of The Day - CVS Caremark Corporation (Public, NYSE:CVS)



Shorted $37.71
Covered $37.90

Notes
1) Entry was an inside bar covered by 5ma, but it wasn't a perfect setup.
2) Didn't take partial at the 50% level.
3) Price stalled at around $37.90 and 30 min chart looks like it may breakout. But I stayed in since my stop $37.97 didn't break yet.
4) Something came up and I have to closed my position with a loss.
5) Target $37.13 was reached at the end of the day without me.
6) I will consider using trailing stop if I must leave my post.