David Knight -Journal

[David Knight]

short 2598
too high to buy two gaps below..

stop @ 2604

Target 2591

 

[David Knight]

Still short 2598

EDIT
Moving stop to 2602

 

[David Knight]

SHORT 2598
too high to buy two gaps below..

Covered 2591 +7

Running +123

(See post #241 for stop and target)

 

[David Knight]

Ranging Day ahead?

 

[David Knight]

Looking to buy lower. Expecting a ranging day.

 

[David Knight]

Trading Plan

Looking to BUY lower.

 

[David Knight]

Order to BUY 2594 (At least run the stops in that gap @97)

 

[David Knight]

Trading [Plan

Still have an order to Buy 2594

 

[David Knight]

Short 2606

 

[David Knight]

Short 2606

Stopped -7

Running +116

 

[David Knight]

Trading Plan

Markets retrace- it's only a matter of time...

 

[David Knight]

SHORT 2633 STOP 2635

Worth the risk.. For me, this is a possible turn price zone

 

[David Knight]

SHORT 2633 STOP 2635

Worth the risk.. For me, this is a possible turn price zone

COVER +2626

Order to short 2632

Running +123

 

[David Knight]

Buy 2621

Target 2626 ( Limit order)

EDIT- There's a possibilty that the high and the low are in here and it could stay in the range. But I'm sticking with the limit order. Im happy to add much lower later if req.

SHORT at 2632 is still a resting order.

 

[David Knight]

buy 2621

target 2626 ( limit order)

edit- there's a possibilty that the high and the low are in here and it could stay in the range. But i'm sticking with the limit order. Im happy to add much lower later if req.

Short at 2632 is still a resting order.

OUT 2625 +4

Running +127

 

[David Knight]

I decided that if it does stay in the present range 2635-20 there's no point in sitting on the trade- might as well take the points and wait to buy lower tomorrow (l/l)

If it does go lower today I don't want to buy as that suggests sellers are getting stromg ADV/DECL has gone from 3-1 to almost neutral,

At 3-1 it was really the price zone that made it worth trying a short. The fact hat I lost 7 points shorting yesterday is irrelevant.

Some of you might view shorting early on today as out of the question. My (well, buffett actually) suggestion is 'be greedy when others are fearful'

I had a tight stop so nothing scary about it really.

As I said earlier-
'Markets retrace- it's only a matter of time.''

And don't forget I bailed out of the short a bit early before it hit the target which was correctly identified. That is under performance - again.

Probably done for today I need to get some air.

 

[David Knight]

Cancelled order- SHORT 2632

 

[David Knight]

SHORT 2633

target 2625
stop 2637

 

[David Knight]

Trading Plan 30th

Currently SHORT 2633

 

[David Knight]

SHORT 2633

target 2625
stop 2637

Covered -4
Running +123