AM
Trading: Opening P&L
+$750.00, Ending P&L $450.00.
Roughly a 30% retrace from my high
Pre market and opening bell proved
fruitful. BBY beat and guided higher. We shorted the emotional low
vol candle on the headline for some nice scalps for a quick .75c i
the pre market. My high P&L was up $750.0 at 9:40 am. The
market tested your discipline as my P$L went negative as the AM
wore through lunch. Higher Highs on th SP through the 1120 level
stopped out any and all shorts.
PM trading: Ending P&L -$750
PM trading was as tough for me. I
had a swing from up 600 to down 600 in BBY, and ended stopping out
of te stock at the top of a move. I flipped long a few stocks,
had a profitable trade in STI on a buyout rumor and a pre
announcement that ended failing. (remember we are in pre
announcement season). I ended closing out at 4:00 pm at my low
P&L of -$750.00. A frustrating swing as I was stopped on most
shorts earlier
Post Market
Trading: Ending P&L
+$250.00 (See
screen shot below) Roller coaster day for me.
There were 3
trade-able events that proved profitable as I made about $1000.00
in the post market by 5:00pm. Not a bad recovery. I was sticking
around stalking the post market news.
- MA I made a few dollars in on a board approved buyback. In 201,
out 203 - 204
- NBIX capitulated on a headline at the round level 5, before
bouncing back a buck to over 6. This was y big winner.
- AU announced a convertible bond and a equity offering. This was
a double whammy that trended the stock lower all post market long
till the close.
Glad I was clear headed, but in
hindsight up $750 in the am needed to respect a trailing P&L
stop loss considering the choppy lite volume market environment. I
had stopped at up $450, and continued trading against my better
judgment which ended which ended with a failed weak argument. See
the Screen shot below, The only real mistake was letting a positive
trade in BY go Negative
"Quote off he day, practice what
you preach" Jim Kelleher". Thanks For checking.... Tim.
All trades were called and
displayed in the Juggernaut Virtual Trading Room.
