Stock Trading Plan for Wednesday Mar 1, 2017 in Compound Trading Chat room. $SGY, $SKLN, $CLNE, $DVAX – $ONTX, $VRX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, Natural Gas, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.

Welcome to the morning Wall Street trading day session at Compound Trading!

Notes in red text below are new comments entered specifically today.

Notices:

Instructions for onboarding to new trading platform are in your email. Any questions DM Sartaj or email us.

Tradingview software was down last evening so all the algorithm and swing trading updates will be sent out tonight.

Also, the educational video series we are working on we do not expect to have posted until this Sunday FYI.

Current Holds / Trading Plan:

All small to mid size holds in this order according to sizing – $BSTG, $ONTX, $VRX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA.

I closed my $UWT multi-week swing yesterday for gains.

Per recent’ $DUST I will close for a loss if Gold holds 1260 – sucks, but it was a relatively small position (to portfolio size) but I didn’t follow the golden rule… when a trade goes against your plan cut fast and I didn’t so I will likely pay the price. And I guess what has become the second golden rule… listen to the algos… they haven’t been wrong yet – so yes, I didn’t listen to my own invention ROSIE the Gold Algo (give Rosie a little plug there she deserves it lol). Embarrassing, especially because ROSIE nailed the bottom many weeks in advance of the bottom – all I had to do was listen and boom new house. Sad.

As per previous $CBMX I am now out for huge gains and $JUNO on a nice swing.

As noted before I may exit $VRX and $UWT.

Market Outlook / Trading Plan:

Looks like the Trump train is in full gear here. Watching the metals very closey (and natural gas).

$SGY and $SKLN look like the opening momo plays (at this point).

Volatility is now on my radar again $TVIX $UVXY.

Morning Momo / News and Social Bits From Around the Internet:

Momo Watch:  $SGY, $SKLN, $CLNE, $DVAX

If you are new to our trading service you should review recent blog posts, our YouTube Channel and at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).

The algorithm Twitter feeds can be found here:$WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index). . Our lead trader Twitter feed is here @curtmelonopoly, lead developer @hundalSHS, and newest trader @quadzilla_jr.

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List:  $SGY, $SKLN, $CLNE, $DVAX, $WTW, $NDRM, $BGFV $CLSD $TIME $BASI $TRCO $LOW $ONCS $MTL $MYL $JDST $RUSL $TECK

I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List:  I will update before market open or refer to chat room notices.

(3) Other Watch-List:

(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(5) Upgrades:  $FRAC $MU $MRVL $WMB $GOGL $LPG $TEF $AMBA $GMS $HK $OC $BMO as time allows I will update before market open or refer to chat room notices.

(6) Downgrades: $ROST $CRUS $WM $RSG $AVT $BW $PANW $XOXO $ALL $CYH $HII $GD $DRQ $WDAY $ARI $TGT $SIG $NOC $BW $INCR $CETX $BW as time allows I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Study:

For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

 

Article Topics: $SGY, $SKLN, $CLNE, $DVAX – $ONTX, $VRX, $DUST, $ASM, $SSH, $LGCY, $TRCH, $ESEA – $UGAZ, $DGAZ, $NUGT, $DUST, $USLV, $DSLV, $UWT, $DWT, $JNUG, $JDST, Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $GLD, $GOLD, $SILVER, $USD/JPY, $USOIL, $WTI, $VIX, $SPY, $NATGASUSD, $NG_F, $SLV, $GLD, $DXY, $XAUUSD, $GC_F


Review of my Chat Room Stock Day Trades, Algorithm Charting Calls and Alerts for Monday Dec 19 –  $XGTI, $SGY, $GSAT, $JUNO, $CBMX, $UWT, $SPY, $GLD, $GDX, $USDJPY, $DXY, $USOIL, $WTIC, $SLV, VIX, $NG_F and more.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive.

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

EVERY CALL WE MAKE, PUBLIC INTERACTION, REPRESENTATION AND TRADE (ON EVERY VENUE) IS EITHER RECORDED OR TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY.

Notices:

Notice: There is a new feature blog post at this link, “Why our Stock Algorithms are Different than Most“. If you are using our algorithms or charting it is a must read.

Notice: We are testing fault settings for multiple trading rooms in 2017 (main room, momentum, options, swing, commodities, etc). We can have groups in different rooms all seeing same screen and announcements / broadcast – if you’re moved don’t sweat it – it won’t affect your experience.

Overview Perspective & Review of Chat Room, Algo Calls, Trades and Alerts:

Mellow day – market calm – nailed a runner in morning $XGTI and still holding deep dive crude related $UWT from last week. $SGY is rocking from my Trading Room Newsletter alerts and Swing Trading set-up newsletters.

My Personal Trades:

Monday for me was mostly $STUDY and watching my Oil related $UWT trade – I am 10,000 shares deep from earlier in the week (1000, 3000, 6000 entries) – so that is setting up to be a great win. I see oil is up big overnight – would have never known:) Other traders in the room have been on winning side and have been regularly so that is great. Still hold $CBMX and $JUNO.

Primary Lessons That May Help You With Your Trades:

The $UWT (crude oil trade) I am in is completely about trusting the proven algorithm @EPICtheAlgo (which took me about 6 months to fully trust). I would be a lot further ahead has I just trusted the math process earlier. But I did this time – and I WENT BIG – REAL BIG FOR ME.

Buy alert, trading room, crude oi

Buy alert to our members last week (green arrow). Crude algo intra work sheet 429 AM Dec 20 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT #algo

Looking Forward:

The market has a tonne of inflection points now so things should get interesting soon with our algos (Oil, Gold, Silver, US Dollar, VIX, SPY).

Announcements in Trading Room:

08:42 am Curtis M : Momo $TNXP, $GSAT, $XGTI, $ELGT, $APTO.

08:54 am Curtis M : Good Morning! Momo $TNXP, $GSAT, $XGTI, $ELGT, $APTO. At the bell I will focus on momentum stocks and then move over to Oil, Gold, Silver etc…

Stock Chat-room Trading Transcript:

Miscellaneous chatter is removed.

09:05 am Curtis M : $JUNO Defeats Kite Pharma’s Challenge to CAR T-Cell Patent. $KITE https://finance.yahoo.com/news/juno-therapeutics-defeats-kite-pharma-140000298.html
09:20 am Curtis M : Pre-Market Gainers Watch-List: $TNXP $GSAT $XGTI $CUR $APHB $BCLI $AWH $RGSE $PLX $PSTI $NVCN $GGB $JNUG $CBIO $OCLR $DRYS
09:31 am Curtis M : Long $XGTI small
09:32 am Curtis M : 3.51 1000 shares
09:33 am Curtis M : Out 3.60
09:41 am Curtis M : In Play: $XGTI, $BCLI, $EVOK, $LOXO, $DRYS, $GOGO, $JNUG, $WR
09:42 am Curtis M : 52wk Highs: $GTT $INN $MASI $ORA $RICK $UVE
09:44 am OILK K : $ACTS Halt – Additional Information Requested by NASDAQ. Halt time: 09:40:22.
09:46 am Mathew Waterfall : Quiet morning for me so far. Letting my positions work. Stalking the weak FANG names but no trigger pull so far
09:47 am MarketMaven M : $SPX spike
09:48 am Dani M : $HMNY vol halt
09:49 am Carol B : Copper serously off
09:51 am Curtis M : HMNY Google Play Shows Availability of Zone Technologies’ RedZone Map[+]
09:53 am Curtis M : 52wk Highs: $NVLN $UMH
10:02 am Curtis M : Looks like morning momos are done for me – gong to run scans and come back and review oil, gold, etc
10:02 am Curtis M : 10 mins
10:17 am Curtis M : Very quiet out there
10:19 am Mathew Waterfall : Yepp. $VIX getting smoked but not much movement to the upside which is kind of odd. Likely we just drift/chop around next 2 weeks
10:50 am Curtis M : Not much to review at all – market just flatenned – oil may move a bit and of course some select stocks – but currency and commodities and indices blah
10:52 am Mathew Waterfall : Sounds like we are both in the same camp. I’m gonna do some scans and grab some coffee. Back in a bit
11:11 am Curtis M : $AKAO pop
11:11 am Curtis M : $CLVS pop
11:12 am Curtis M : $CLVS Halt
11:14 am Curtis M : CLVSClovis Shares to Resume Trade at 11:15:59 a.m. EST
11:24 am Curtis M : Experiencing internet spikes expect service to resume shortly
11:31 am Darnel T : $NKE wth jeez
11:38 am Mathew Waterfall : $NKE seeing some decent call buying here as well
11:48 am OILK K : Curl on $HMY tempting but soft day
11:50 am Mathew Waterfall : Not much doing today. Might be my only open all day: $WYNN Jan20 95/97 call spread at .57. Out if it slips past 90
11:54 am Curtis M : $CLVS 4 mins
12:19 pm Dani M : $OCLR vol
12:35 pm Mathew Waterfall : Any knife catchers out there? Dust looks about ready. High risk options play with some rewards if you get a bounce
12:35 pm Sammy T : Market stall Mat
12:36 pm Sammy T : Pause time or something
12:36 pm Curtis M : $DUST likely gonna pop
12:51 pm Carol B : Man $CLVS when?
12:55 pm Mathew Waterfall : $XOM looking sickly here. Still in the channel I have drawn in, would touch bottom of said cahnnel at 89.8
12:56 pm Mathew Waterfall : And now making lows lol. This should be rallying with oil and the overall market, I guess people are spooked by recent tillerson news or something
12:57 pm Curtis M : I think the market is off in a number of ways – just my opinion thos
12:57 pm Mathew Waterfall : Some weird divergences that don’t make sense to me here. Another reason I’m not in a rush to trade today
01:00 pm Mathew Waterfall : $MNKD gettin frisky
01:00 pm Mathew Waterfall : Trimming some of my position
01:10 pm Curtis M : $CLVS PT Stifel raise to 52
01:14 pm Curtis M : $CLVS 1:20 EST estimate for open
01:23 pm Dani M : $TAC halted news
01:32 pm Mathew Waterfall : $IWM trying. Higher high would confirm. Failure of that not pretty IMO
01:37 pm Carol B : Looking at $CLVS here
01:43 pm Mathew Waterfall : $IWM loses 136.81 and I’m out small call position. It will be for a small loss but price action isn’t great. Will come back to it later
01:48 pm Carol B : Long $DUST for a start
01:51 pm Slav O : $MNKD HOD
01:52 pm Mathew Waterfall : $CLF eyes on long term fib at 8.61. Liking jan calls there if it gets there. Currently showing some small signs of life
01:55 pm Mathew Waterfall : Legging in. First rounf $CLF jan13 10c’s @.24. These are buy and forget just like 11’s I am already holding
02:00 pm Curtis M : Grabbing coffee back in 10
02:18 pm John M : I think i fell asleep
02:18 pm Curtis M : $STUDY
02:21 pm Curtis M : Buy Christmas presents 🙂
02:28 pm Mathew Waterfall : Thanks for reminding me. I’m now scanning amazon for something last minute for the lady lol
02:29 pm Curtis M : ha
02:29 pm Drew M : Terrorist attacks seem to be up.
02:30 pm Curtis M : oh my ya true
02:44 pm Mathew Waterfall : Only thing I’m really watching now is $CLF for another possible add at 8.65-8.61. Would like to see how it handles the close so not in a big hurry.
02:45 pm Dani M : $ENPH alive
02:58 pm Darnel T : $MNKD strong afternoon
03:02 pm Drew M : Done for day!
03:13 pm Mathew Waterfall : Quiet day for me as well. Don’t expect any more trades into the close, and realy don’t feel rushed to put many trades on before the end of the year. Hoping to keep melting up a bit here but I’m pretty small overall
03:13 pm Mathew Waterfall : It’s easy to get chopped up in sideways markets especially trading options
03:14 pm Curtis M : Yep I’m just doing paperwork
03:14 pm Michael P : Cya guys!
03:24 pm Mathew Waterfall : $SPY bounce into the close? Any guesses?
03:25 pm Mathew Waterfall : 225.45 is my no position guess
03:39 pm Mathew Waterfall : Damn $SGY! Didn’t they go BK a while back? Just noticed that one on the watch list
03:39 pm Curtis M : lol i think so
03:49 pm MarketMaven M : See ya all tomorrow!!!
03:49 pm Jack D : catcha
04:00 pm Curtis M : Well have a great night folks I’m gonna shut er down and go decorate a tree lol – best!

You can follow along with public calls our algorithms post on Twitter here:

The algorithm Twitter feeds can be found here: $WTI (@EPICtheAlgo), $VIX (@VexatiousVIX), $SPY (@FREEDOMtheAlgo), $GLD (@ROSIEtheAlgo), $SLV (@SuperNovaAlgo), $DXY (@DXYUSD_Index).

Article Topics: $TNXP, $XGTI, $SGY, $GSAT, Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Swing Trading, Investing, Chat Room, Trading Results, $CBMX, $JUNO, $UWT,  $GLD $GDX $USOIL $WTIC $SPY $DXY $VIX $GDXJ $NUGT $DUST $JNUG $JDST $GC_F $USO $UCO $SCO $CL_F $UWT $DWT $ERX $ERY $GUSH $DRIP $SPY S&P 500

 

 


Good morning traders and welcome to our weekly swing trading newsletter for the week of Dec 12, 2016!

Don’t hesitate to email us at info@compoundtrading.com anytime with any questions about any of the swing trades listed below. Or, if we get bogged down private mesage Curt in trade room or direct message him on Twitter. Market hours are tough but we endeavor to get back to everyone after market each day.

My primary seven swing set-ups this week are:

FX: $USOIL $WTI

You can use a number of instruments to trade oil such as FX $USOIL $CL_F CL $USO $UCO $SCO and more…. I am using $UCO for the long (by the way $UWTI AND $DWTI are being resurrected so I am very excited to be able to trade these again soon) and I am currently looking at a number of small cap and mid cap oil plays. Oil is in an obvious break-out (and since last report doing well).

The important thing with oil is to watch the Fibonacci levels, trend lines (diagonal and horizontal), your moving averages and your trading widths (margins / pivots). I can’t discuss the algorithm here but I can refer you to Epic the Oil Algo twitter feed for various public posts.

Widths / trading range pivots – Because oil is in a break-out you want to take your long positions at the bottom of the yellow lines and I as I mentioned in the last swing newsletter I WOULD NOT short oil in an uptrend at the top of the yellow lines. Wait to short it when it is in a confirmed downtrend – and now is not a confirmed downtrend. So right now I am looking for an entry long at a lower yellow line at 51.91 with a stop at 51.63 and I would exit before 54.43. See orange arrow. If that fails support and my stop gets hit then I will look at a long at next orange arrow down at 49.56 with a stop at 49.16 and I would exit before resistance at 51.90. If this also failed (the second entry arrow) oil is in a downtrend and levels would have to be looked at again to re-adjust.

If crude happens to get up over current resistance at 54.45 I would take a long position with a stop at 54.29 and if it works I would simply hold until crude finds its new trading range and reevaluate in a week or more but keep the stop in place. You can also move the stop up a bit as crude trades up in this instance.

Fibonacci Levels – As with last newsletter, because oil is in another break out I wouldn’t be comfortable taking a long or short position based on fib levels because they are skewed. Wait for this break-out to back-test and then look at the levels next Sunday night update.

MA – Oil is trading way above its MA’s so there is no concern here with long positions – but take the range pivots in to consideration first. When these become a possible issue I will advise.

Crude oil, swing trading chart

Orange arrows represent chart support for long trade in crude oil.

$GOLD – $GLD $UGLD $DGLD $GDX $NUGT $DUST $JDST $JNUG

So last week I said;

Here again I cannot share the proprietary algorithm components of Rosie’s algo but I can share with you the publicly posted data. Rosie predicted in July that Gold would hit this range but also warned of a 90% chance that Gold would have to hit the bottom of a quadrant on her charting. That would put Gold near 1133.00. I am waiting to see if this occurs and I will take a long trade in $NUGT at that time with a normal swing stop of about 4% and then if uptrend confirms I will scale in at 3 stages. Initial order 2000 shares the 5000 then 10000 then 20000 adding at pullbacks.

The idea in swing trading is to catch the trend reversal and then scale in when confirmed.

Good thing I waited! Price has downtrended since. It isn’t at my preferred 1133.00 so I am going to watch – if it starts to take off upward I will start to nibble with long positions with tight stops. No particular level that I would do that – just if it started to move for any more than a day and it looked like it had momentum. Then slowly enter. BUT THE PREFERRED play is to wait for that 1133.00 WHICH COULD COME QUICK NOW.

Watch Rosie the Gold Algo twitter feed for intra-day updates that may occur.

Gold, Swing Trade

Gold Swing preferred target is 1133.00 ish for long trade.

$SILVER $SLV $USLV $DSLV

Silver is in exactly the same position as Gold – wait for the Gold confirmation before entering IMO. Use the same scaling principals. Watch SuperNova Silver twitter feed too.

I have always said that Silver will hold up better in a downtrend, but it doesn’t mean you take a long position yet. Sure, it came up a bit since last week, but the idea is to catch the tren reversal and scale in to it for a large gain over time.

Silver, Chart

Silver is in same positon with me as Gold. When Gold goes Silver wll go. $SL_F $SLV $USLV, $DSLV

$VIX ($UVXY, $TVIX, $XIV)

$VIX

Last week I wrote:

I am going to enter a long position in $UVXY or $TVIX for a short term swing (less than 10 days hopefully) at as close to 12.20 as I can get – if I can’t get that I am looking at 12.77.

Considering the geo political environment I won’t be shorting the $VIX unless it gets really extended to topside – which it is not right now.

So it came down to my price target and I didn’t take a trade – I watched. Then it spiked and I would have had a short term gain. Now it’s sitting back at my buy target area and I am going to watch.

If it starts upward I will likely take a trade long in $TVIX or $UVXY and exit by ratcheting up my stops as it goes. Where exactly where I take that trade? I don’t know. But I’m getting more confident with it because of two reasons.

1. At the end of day Friday the there was $VIX insurance buying even while $SPY was spiking at end of day and $XIV (which is the opposite of $VIX) wasn’t moving like it normally does when there is a $SPY spike. Now, $VIX isn’t determined by $SPY but it is a signficant factor. So when they move in this way it is time to pay attention.

2. ALSO, the CNN fear and greed indicator is near all time highs for greed. If you study it out there is a correlation – when greed is this high 9 times out of 10 there is a spike in $VIX because if nothing else investors start taking out insurance. http://money.cnn.com/data/fear-and-greed/

Now, if the $VIX does spike, and the spike is signficant I will short the $VIX because that is always easy money – but that is something that has to be determined on an intra level and I can’t give you levels here on a swing alert.

$VIX, Swing Trade

$VIX Swing trade

$SGY

Last week I wrote this:

I really like this swing as a low float energy play. But you have to set a stop at 4% or so and be ready to ratchet up stops as it gets closer to 8.00. This stock has a history of serious gains when oil gets in to break out mode.

Well… that worked out well. There was a really nice spike right that day for a great gain and it is trading this morning again for a nice gain.

The way to play this one now safe is to watch the oil trading chart and support levels I gave you. Wait for oil to hit one of those two support levels I show on the oil chart and play it exactly like you would oil as I wrote above. And, if oil gets up over that overhead resistance I outlined you can then go long $SGY vs. oil. Either way, if you take a long position at a support set your stop at about 4 – 5% and if you get lift ratchet your stops up as you go. There is no way to give you levels up if it goes – just ratchet up stops at your comfort level.

$SGY Swing trade alert worked well. 7.12 to 8.70 ish and 8.12 now.

$SGY swing trade

$SGY Swing trade alert worked well. 7.12 to 8.70 ish and 8.12 now.

$JUNO

Last week I wrote this:

This is a wash-out snap-back swing that I really like. It is up in premarket today but I believe there is a lot of room here. My timeframe is 3 months and I expect a lot of that gap fill to come in to play at 29.83. It has resistance at 22.87 but I don’t think it will hold. One of my favorite swings right now.

So this one didn’t do as well, but I am holding and I will enter with more of a position if it gets back up off it’s feet and starts trending up. Like I wrote, my time-frame is 3 months so I will be patient.

$JUNO Swing Trade

$JUNO Swing Trade

$CBMX

I wrote this last week:

This IMO opinion is a fantastic opportunity – but it does have its risk. You wll have to research the company on your own and make a determination for yourself. But if you find after your research that you think it’s a decent hold for a month or two it is one of the best swing plays on the market at this price IMO. I’m looking to add today to my position.

Well this one worked out well too, I am currently adding in near the 2.90 level. A mid term hold for (3 – 6 months) and I expect close to 50% gain on it. But it is high risk so set stops.

$JUNO Swing Trade

$JUNO Swing Trade

Other Swing Trades I am Looking in to:

Casino stocks: $WYNN $MPEL $MGM $LVS – but I can’t say right now that I will. I am also watching retail and tech for long positions, but not quite ready. Will update on this soon.

This comment from last week remains the same:

That’s about it for this week. I am waiting for the market inflection to settle down and a little more of the indices to settle on the other side of this Trump trade before scaling in to any indices plays and the like. But as I said I am running about 40 charts on plays I am looking at and hope to start adding some of those for next Sunday!

Have a great week and if you have any questions email anytime!

Best of luck.

Curtis

Article Topics; Swing Trading, $JUNO, $SGY, $CBMX, $USOIL, $GOLD, $GLD, $SILVER, $SLV, $SPY, S&P 500, $DXY, $VIX


Review of my Chat Room Stock Day Trades and Alerts for Monday Dec 5. $JDST, $AGIO, $SGY, $JUNO, $CBMX, $GOLD, $USDJPY, $USOIL, $WTIC and more.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive.

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Overview Perspective & Review of Chart Room, Trades and Alerts:

Monday morning I sold off my $SGY swing position from last Thursday average 7.09 cost basis at 8.295 for a tidy profit (it was a larger swing entry). I also scalped $AGIO wash-out that I expected a snap back in. I took a late day $JDST long entry (which is tough because they’re buying the dips in $GOLD now but I see $USD/JPY not quite done – we’ll see – likely overtrading) and I am still holding $JUNO and $CBMX.

Primary Lessons That May Help Your Trades:

$SGY I sold a tad early in the morning run-rup… but a profit is just that. My original entries did not give me a 4 to 1 minimum risk reward. They are starting to buy the $GOLD dips instead of selling the rips so my $JDST risk-reward potential IS NOT 4 to 1 which breaks a primary trading rule for sure.

Looking Forward:

There are a tonne of set-ups in the market right now. Bios coiled hard this morning. Emerging markets, $EEM, $LPCN, $DVAX, $DNAI and my buddy’s $SRPT and others are setting up. Dips on $GOLD are being bought vs.selling the rips (so this by default plays in to $SILVER) $NATGAS is getting close to resistance. $USOIL $WTI is dialed in with EPIC the Oil Algo perfect so machines have been on since Nov 30 break-out (so this makes trading oil related easier for me) and I’m not sure what $SPY will do.

Announcements in Trading Room:

08:24 am Curtis M : Risk Disclaimer https://compoundtrading.com/disclosure-disclaimer/

09:21 am Curtis M : Gainers: HTBX +10%25. SGY +10%25. FGP +10%25. INO +9%25. ORIG +8%25. GMED +6%25. FCAU +5%25. BAK +5%25. SDRL +5%25.

Losers: CERC -39%25. GPL -9%25. HMY -6%25.

Stock Chat-room Trading Transcript:

09:04 am Curtis M : Gainers Watch-List: $CGIX $FRP $BLCM $UGAZ $HTBX $TRIL $LBIO $FGP $CHMA $VNR $BOIL $NAK $KEM $CEMP $BAK
09:07 am GSCT . : Nice move SGY this a.m.
09:11 am Sami T : $SGY should come along today – we’ll see how oil does
09:12 am Curtis M : $SGY high risk but I’m in t to win it:)
09:35 am Curtis M : Out $SGY swing 8.295
09:36 am Mathew Waterfall : Exiting some of the CLD Dec9 10c’s opened last week. .7 from .26
09:36 am Mathew Waterfall : *CLF
09:44 am Curtis M : Decent wash out $AGIO
09:46 am Curtis M : Long $AGIO 49.09 500 swing
09:47 am Curtis M : Out 49.46 looking for reentry
10:05 am AW H : Leaderboard $SGY $FRP $FGP $LGCY $OPTT $HTBX $WTI $EYEG $EMES
10:05 am Curtis M : Appreciate that Andrew
10:14 am Curtis M : I doubt anyone listened to @ROSIEtheAlgo warnings about Gold – I’m assuming of course
10:17 am Curtis M : $NDRM 29% move seems a little aggressive
10:18 am Curtis M : wow
10:19 am Mathew Waterfall : Following a sweep back into some BAC calls. Dec16 22.5’s. Fins took a breather late last week, expecting more movement and the price is cheap enough
10:20 am Curtis M : Bios are getting really fired up – a lot of coiling on the board
10:26 am Curtis M : Looking for 115.80 – 116.00 ish USD/JPY to start scaling in to miner’s long
10:27 am Curtis M : May get a pull back at 144.78 but waiting
10:37 am Curtis M : NATGAS should pull back soon
10:50 am Curtis M : $EEM setting up bullish
11:14 am Curtis M : On lunch until 12:15 EST
11:46 am Mathew Waterfall : In some Jan HOV 2.5’s. Clear breakout mode but this think needs to juice quickly for a decent chance at a gain.
11:47 am Mathew Waterfall : In @.10
12:05 pm Mathew Waterfall : In a few JNUG calls as well. Sweepers have been active there. Low risk lotto style weeklies. Won’t play this heavy until we actually get the trend reversal underway and the USD/JPY plays nice
12:37 pm Curtis M : back
12:37 pm Curtis M : lunch a little longer than expected
12:49 pm Curtis M : $EGO revving up
12:54 pm Curtis M : $NVCN $VNR $BCEI $TDW $SGY $UGAZ $AMMJ $LGCY $FGP $FRP $OPTT $HOS $CBEO $WTI $ORIG $KITE
12:55 pm Mathew Waterfall : Miners on the move. Dollar coming off, USD/JPY finally chilling
01:03 pm Curtis M : Looking at $JDST long
01:06 pm Mathew Waterfall : I like it. Those JNUG calls already working for me
01:07 pm Mathew Waterfall : May pick up some long term GDX calls as well if move confirms over next day or two
01:09 pm Mathew Waterfall : Biggest surprise to me here is the lack of action in OIL given the dollar fall
01:16 pm GSCT . : Why JDST and not DUST?
01:18 pm Curtis M : Oversold relative
01:45 pm Curtis M : Scaling in 2000 $JDST long
02:11 pm Curtis M : Scaling in another 2000 $JDST
02:53 pm Sami T : $LAZ jumpy
02:55 pm Sami T : $EEM risk off
02:57 pm Ralph H : $DVAX Setting up gap fill soon
02:59 pm Curtis M : $DVAX looks great
03:18 pm Curtis M : $NVCN surprising
03:23 pm Jack T : $NVCN peeps buying high of day
03:29 pm Mathew Waterfall : Signing off early today, meetings later. Have a good night all. See ya in the AM
03:32 pm Curtis M : Bye Mathew
03:32 pm AW H : ttyl Mat
03:33 pm Curtis M : Im at my avg buy lol $JDST 33.45
03:56 pm Curtis M : Well I’m calling it a night – thanks for coming out folks! TTYL

Article Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $JDST, $AGIO, $SGY, $JUNO, $CBMX, $GOLD, $USDJPY, $USOIL, $WTIC 

 


My Stock Trading Plan for Monday Dec 5, 2016 in Chatroom. $GOLD $SILVER $USOIL $WTI, $USD/JPY $SPY $VIX $NATGAS … more.

Welcome to the Monday Wall Street trading short day session! This is a complimentary premarket newsletter along with our first Monday of the month free trading room access!

Market Outlook

Momentum Stocks (Market Open and Intra-Day):

I do trade morning momo stocks (at times), but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter if I have time).

Some of my Favorite Set-Ups:

(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and (4) Our Algorithm Set-Ups.

The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.

Morning Stock Watch-Lists for my Favorite Set-Ups:

(1) Pre-Market Gainers Watch-List: $CGIX $FRP $BLCM $UGAZ $HTBX $TRIL $LBIO $FGP $CHMA $VNR $BOIL $NAK $KEM $CEMP $BAK I will update before market open or refer to chat room notices.

(2) Pre-market Decliners Watch-List:  I will update before market open or refer to chat room notices.

(3) Other Watch-List: $SGY (current swing), $CBMX (current swing), $JUNO (current swing), $ANF (previous wash-out on news), $SKLN (previous wash-out on news), $URBN (previous wash-out on news).

(4) Regular Algo Charting Watch-List: Gold $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F), Natural Gas ($UGAZ, $DGAZ), S & P 500 $SPY ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)

(5) Upgrades: I will update before market open of refer to chat room notices.

(6) Downgrades: I will update before market open or refer to chat room notices.

Stay tuned in Stock Chat Room for more pre-market stocks on watch.

Regular Trades:

S & P 500: $SPY ($SPXL, $SPXS)

Outlook: My bias is still to new highs but I am looking at a pull-back Christmas / Early 2017.

My Trading Plan: Right now I am trading $XIV instead of $SPXL or $SPXS. I do this because we are in a trend of crushed volatility. Now, when that changes and volatility starts to rise again (even if $SPY is rising at the same time) then I’ll flip over to trading $SPXL and $SPXS instead of $XIV.

Volatility: $VIX ($TVIX, $UVXY, $XIV)

Outlook: Looking for an entry a full levels down 12.2 long.

Watch for volatility to rise on a trend – even if $SPY is still rising – volatility is a great indicator for what’s around the corner.

My Trading Plan for Volatility: I will likely follow that trend with $TVIX $UVXY $XIV buys at range pivots / pending price action, volume and other geo events.

Currencies and Other Global Markets: $DXY US Dollar Index ($UUP US Dollar Bull, $UDN British Pound, $USD/JPY, $FXY Japanese Yen Trust, $CNY China, $TZA, $SMK / $EWW Mexico Capped ETF)

Inflection point. No clear direction. $USD/JPY not backing off yet. Our $DXY algo had 100.50 as a PT so I’m watching. Lots of fundamentals at work here and geo.

My Trading Plan for Currencies / Global Markets:

Gold: $GLD ($UGLD, $DGLD). Miners: $GDX ($NUGT, $DUST, $JDST, $JNUG)

Waiting for a long trade confirmation.

My Trading Plan for Gold:

Per previous;

I haven’t started to take trades yet because I am waiting for “price – trigger – trade” set-ups. I will start chewing around the edges of stocks like $NUGT and $GLD likely – very possibly today. The idea is to get on the right side of the trade and trend.

Other equities I like for Gold Trade: $AUMN (penny stock)

Silver: $SLV ($USLV, $DSLV)

Same as Gold – we’re waiting for a decision from market so we can get algo targets.

My Plan for Trading Silver:

Per previous;

Same as Gold, I’m waiting for the “price – trigger – trade” set-ups… I am going to start chewing around the edges of stocks when set-up confirms like $USLV and $SLV attempting to get on right side of trend trade.

Other equities I like for Silver trade: $AUMN (penny stock)

Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $GUSH, $ERX, $DRIP, $ERY, $USO, $UCO, $SCO, $CL_F)

Refer to EPIC’s Twitter feed.

Outlook: Per previous

We are bullish oil and have been for some time (since it bottomed in its most recent trading range).

Trading Plan: Oil equities.

Other Equities I like for Oil or Energy Trade: Tape / Chart – $ETE, $RIG. High Short Interest – $CRC, $EPE, $WLL, $RES, $JONE, $AREX, $REN, $CLR, $HP, $ATW, $SGY. Fundamentals: $EOG, Pipelines – $XLE: $HEP, $SXE, $KMI, $DPM, $TGS, $ENB, $EEP, $PTRC, $HGT

Natural Gas: ($UGAZ, $DGAZ):

Pre previous;

As I said, was waiting for 3.10 with back test. I was also waiting for it to get up over 200 on 1 week and back test. Looks like it could be a break-out!

$NATGAS

$NATGAS

Study:

Watch that $SKLN wash out snap back trade on YouTube I posted if you want to learn your indicators!

Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).

http://finviz.com/

https://finance.yahoo.com/screener/predefined/ec5bebb9-b7b2-4474-9e5c-3e258b61cbe6

http://www.highshortinterest.com/

http://www.gurufocus.com/short-stocks.php

http://www.3xetf.com/all/

http://www.etf.com/channels/gold-etfs

GL!

Curtis

Article Topics: Stockmarket, Pre-Market, Trading Plan, Wall Street, Stocks, Day-trading, Watchlist, Chatroom, $CBMX, $SGY, $SKLN, $ANF, $JUNO, $URBN, $GOLD, $SILVER, $USD/JPY, $USOIL $WTI, $VIX, $SPY, $NATGAS

 


Review of my Chat Room Stock Day Trades and Alerts for Friday Dec 2, 2016. $JUNO, $CBMX $SGY, $EVHC, $VTNR, $ASNA, $USOIL, $WTI and more.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive.

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Overview Perspective & Review of Chart Room, Trades and Alerts:

Friday was very quiet for me. The Italy referendum was on deck, $USOIL $WTI Oil was at it’s Fib and algo resistance and $GOLD $SILVER were in holding patterns (getting jiggy), $GDX miner’s were starting to get jumpy and the morning momo’s were not set-up extremely well (although some morning momo traders I know did get some scalps – most of those specific traders seen red momo morning).

I am still holding $CBMX, $JUNO and $SGY.

Primary Lessons That May Help Your Trades:

No lessons Friday from my trades as I was waiting for trend confirmations (inflection point in markets). I did have one trader DM me and challenge me on my sitting on hands with $SILVER and $GOLD etc…. I simply responded that when it’s time to hammer down I will stay in the trend and add at pull-backs and that time is easily made up for.

Announcements in Trading Room:

08:50 am Curtis M : Gainers and Losers http://thestockmarketwatch.com/markets/pre-market/today.aspx

10:51 am Curtis M : Taking an early lunch back at 11:30 EST for what I think will be a fun afternoon $VIX $NUGT

Stock Chat-room Trading Transcript:

09:23 am Curtis M : Gainers: $NVCN $NVFY $FIVE $HTBX $SGY $BAK $VNR $SEMI $BNSO $ULTA $MTU $BCEI $GOGL $JCP $ARWR $DGAZ $TLK $BIG $IM $RICE
09:42 am mathew w : Early day for me so not many moves. Just hit CRM dec9 70’s for a bounce back after last night’s flush
09:52 am Curtis M : New 52wk Highs: $EPM $SLM $VASC $WBS
10:04 am Curtis M : Watching $VIX $NUGT $$USD/JPY
10:12 am GS CT : What could? Gold?
10:12 am GS CT : Thanks.
10:18 am GS CT : What is your preferred Gold ticker to play? NUGT GDX ??
10:20 am mathew w : JUNO moving for you guys who took the trade and got underwater
10:20 am mathew w : I’m out for the weeked. Have a good trading day and weekend all
10:20 am GS CT : Me too. it can have erratic price moves though.
10:21 am susan woo : Curtis, you interested in buying AUMN? I’m in already
10:21 am susan woo : Steady Eddy, wish it would go
10:23 am susan woo : NAK another good one
10:32 am susan woo : The gold reversion time is around early January? I missed what you were saying ealrlier
10:38 am susan woo : thanks
10:44 am GS CT : Before it goes higher or lower?
10:44 am GS CT : SPY
10:51 am Curtis M : Taking an early lunch back at 11:30 EST for what I think will be a fun afternoon $VIX $NUGT
10:54 am Curtis M : If oil blows thru 51.77 it could really run FYI
10:56 am Curtis M : OIl has lots of room above 51.77
11:52 am Curtis M : Just runniing scans until it picks up
01:52 pm Curtis M : Next stop for Oill 51.77 and lots of room above
02:05 pm Curtis M : Leaders $EVHC 211% $VTNR 22.86% $ASNA 21.01%
02:47 pm GSCT . : Think oil will backtest here. Has tht look.
02:48 pm GSCT . : That was actually a question.
03:04 pm Curtis M : $SGY pinch 20 and 100 on the 3
03:05 pm Curtis M : oil = bull
03:56 pm Curtis M : A little $VIX insurance not a bad thing here #Italy if you’re holding large over weekend FYI
03:56 pm Curtis M : OIL bulls not letting go
04:00 pm Curtis M : Well… lackluster day but excellent set up for Monday IMO
04:00 pm Curtis M : over and out have a great weekend!

Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $SGY, $JUNO, $CBMX, $USOIL, $WTI, $GOLD, $SILVER, $GDX


Review of my Chat Room Stock Day Trades and Alerts for Thursday Dec 1, 2016.  $JUNO, $SGY, $USOIL, $UCO, $APPY, $TLYS and more.

Intro:

Time stamped entries (in permanent archive) copied to this blog in italics (below) are direct live log chat from chat trade room as they occurred (random chat from myself not applicable or other misc chat deleted). Chat trade room is also video recorded daily for trade archive.

In addition to chat, this trade-room has live voice broadcast (that covers in detail what indicators I am looking for in and out off each trade) and has live chart screen sharing right from my monitor to the room with all indicators I am looking at.

Overview Perspective & Review of Chart Room, Trades and Alerts:

Today was for me was $UCO long earlier in day that went well and $SGY entry that is a bag. I looked up my bad holding from last 12 months and I got out of 13 of 15 so hopefully this is the case with $SGY. I now have $JUNO, $CBMX and $SGY (3 current bags).

 

Primary Lessons That May Help Your Trades:

The $UCO trade was executed well – just wish it was larger. The $SGY trade was executed poorly – I went in to FOMO mode right at high of day because the tape was squeezing and oil was close to another break-out and to add to it I didn’t cut fast. But I did hold because I have traded it before – it does spike and I think oil early next year has a high probability of 60+. I have other reasons for holding too – but I should have cut. My $JUNO trade is a bottom trade that I’m comfortable with holding. All in all a fairly undisciplined day – not my style normally.

 

Announcements in Trading Room:

08:57 am Curtis Melonopoly : Not much new / updated here but here it is https://compoundtrading.com/pre-market-newsletter-thursday-dec-1-gold-silver-usoil-wti-usdjpy-spy-vix/

Stock Chat-room Trading Transcript:

08:52 am Curtis Melonopoly : Shippers, Energy, $BLUE $CLRB $BSTG $CBK $CLC $DRYS $GLBS, $DCIX
08:53 am Curtis Melonopoly : $BLUE $COTV $LEI $DRYS $SDRL $SKX $UGAZ $UWTI $QIWI $WLL $CS $CHK $OAS $JDST $UCO
08:56 am Curtis Melonopoly : https://compoundtrading.com/pre-market-newsletter-thursday-dec-1-gold-silver-usoil-wti-usdjpy-spy-vix/
09:10 am Curtis M : http://thestockmarketwatch.com/markets/pre-market/today.aspx
09:18 am Curtis M : downgrades $QUAD $TRGP $USB $ZION $RF $WFC $CERN $CMI $AJG $Q $WEN $MCD
09:19 am Curtis M : upgrades $WLL $SM $LNN $EOG $APC $NGG $SMTC $INST $SKX $DRI $DE $TRV
09:19 am Curtis M : Wll review algos after open settles down.
09:25 am Curtis M : $TWTR Disney chatter
09:35 am Curtis M : Lng $JUNO 2000 20.13
09:46 am GSCT . : SKLN pop
09:50 am Sandra T : $GEVO good action
09:59 am Sam E : $DRYS should go
10:00 am Curtis M : Watching $NATGAS for reversal $USOIL for break out $GOLD for bottom of quad $SILVER to confirm reversal $SDRL for squeeze $TWTR rumor Disney
10:03 am mathew w : Just entered Sdrl above previous resistance. Watching below the 2.9 level
10:04 am Curtis M : .
10:05 am Curtis M : Long $UCO 3000 10.905
10:06 am Curtis M : Going to have to reset charts already opera slow
10:06 am GSCT . : Why not Chrome?
10:08 am Curtis M : opera better for averting hacks – we’re getting hacked
10:08 am Curtis M : been constant last 3 weeks
10:09 am GSCT . : Wow. Jeez.
10:10 am Curtis M : I thouhgt it was Panama but nope
10:11 am Curtis M : Sartaj thinks its because of the financial footprint – stocks
10:13 am mathew w : Upper target 51.25 on /cl
10:13 am mathew w : I have both futures and UCO targeting that level
10:14 am mathew w : Also back in some CLF Dec9 9.5 calls
10:15 am mathew w : Reload for me after selling last wek
10:25 am Curtis M : So as I go thru algo charts today go ahead and post questions and I’ll try and get to them thru day
10:35 am mathew w : OIL!
10:38 am mathew w : Just trimmed some of my position for a quick drop to reenter
10:48 am Curtis M : Order for 6000 shares $UCO long 51.20 and abover 1000 at each penny
10:57 am mathew w : Im out. Hit my .25 level
11:14 am Curtis M : $WLL 29% $NOG 20% $ATW 19% $RIG 16%

11:20 am Curtis M : Scaled out 11.20 ish for decent win on 9000 shares
11:24 am Curtis M : Fib 51.77 full extension and 52.05 ish full measure moved lots of air above 51.77 tho $FX $USOIL $WTI
11:36 am Curtis M : Watching $GOLD for $NUGT play
11:36 am Mathew Waterfall : I’ve had a JNUG and USD/JPY split screen on one of my screens all week. JPY is just relentless
11:36 am Curtis M : ya
11:53 am GSCT . : /CL may retest HOD
11:59 am dan o : Pit close may get right out of control today
11:59 am Curtis M : lol
12:01 pm GSCT . : /CL HOD
12:02 pm GSCT . : What was the Fib level you expected here?
12:02 pm GSCT . : 51.77
12:02 pm GSCT . : ?
12:03 pm GSCT . : Here we are.
12:06 pm Mathew Waterfall : I’m back long against the 10 day on the 1′
12:06 pm Mathew Waterfall : frontrunning a bit
12:06 pm GSCT . : /NG 3.5
12:07 pm Mathew Waterfall : Just heard 3.87 from a guy I follow who is right way more than wrong
12:07 pm Mathew Waterfall : Said it was a long term hit though
12:12 pm GSCT . : Think a backtest is imminent /CL today?
12:14 pm GSCT . : Usually there is after this kind of up move.
12:15 pm GSCT . : This may be it now.
12:15 pm GSCT . : For 1 or 2 %
12:18 pm GSCT . : That won’t end well
12:43 pm Curtis M : Long $SGY 7000 8.03 avg
12:54 pm Mathew Waterfall : Rolling and selling RIG calls opened yesterday
12:55 pm Mathew Waterfall : Sold half, rolled hald to DEC30 14.5s. I’m in the green so free trade from ehre for further squeeze
01:11 pm Curtis M : If $SGY comes off I’ll hit t again at 7.00
01:12 pm Curtis M : I’m in long swing if needed through to spring with 12 – 14 target on $SGY
01:12 pm Curtis M : Running scans
01:13 pm Curtis M : If Ol comes off today I’d peg it at 51.09 ish for a bounce
01:14 pm Curtis M : Going for coffee back in 20 mins
02:07 pm Curtis M : Running scans
02:08 pm Mathew Waterfall : BTO TLT Jan17 124/126 call spread. Will trade against this if need be
02:23 pm Curtis M : Long $SGY scaling in 7000 we’ll see
02:24 pm Curtis M : If price doesn’t go north I’ll cut on these entries but hold and swing oriiginal entries
02:25 pm Curtis M : In 1 of 7 now
02:25 pm Curtis M : 3 of 7
02:29 pm Curtis M : 7 of 7
02:41 pm Curtis M : $SKLN looking good today
02:41 pm Curtis M : out 7k
02:48 pm Curtis M : $SKLN popped
02:54 pm Curtis M : scaling back in $SGY – yes I’ll do this until grip
02:55 pm Mathew Waterfall : I like your call long term. Short term support seems to be around 4.9
02:56 pm Curtis M : I hate pain trades lol but when i get aggresive I seem to end up in them
02:56 pm Curtis M : I just checked last year 15 bags out of 13 positive
02:57 pm Mathew Waterfall : Tis the season I suppose. It would owrry me if it makes another run into that overhead gap and fails and filling it again
02:57 pm Mathew Waterfall : Nice!
02:57 pm Curtis M : Long holds tho
02:57 pm Curtis M : Months
02:58 pm Mathew Waterfall : That’s the thing with the low floats. As long as you get the entry right, you’ll get a spike sooner or later
02:58 pm Mathew Waterfall : Just depends on how long and how much pain you sit through on the way
02:58 pm Sam E : I like $SGY play
03:00 pm Curtis M : Scaling out 7 k
03:00 pm Curtis M : oops nope
03:00 pm Curtis M : sorry
03:00 pm Curtis M : lol
03:00 pm Curtis M : Sending my wife off here set stop on 7 of 14 back at 330 at latest
03:21 pm Curtis M : stop got hit for the record 6 cent loss
03:22 pm Curtis M : still in 7k
03:22 pm Curtis M : sorry 3 cent loss
03:25 pm Curtis M : back in 6.29 avg
03:25 pm Curtis M : tight stop
03:32 pm GSCT . : But you added more to you rposition then sold? Not sure I understand what you did SGY.
03:33 pm Curtis M : out tiny loss im holding 7k
03:33 pm Curtis M : sorry confusing myself
03:33 pm Curtis M : holding 14 k 7 k with tight stop
03:34 pm Curtis M : nope sorry stop got hit only holding 7 lol geesh
03:35 pm Curtis M : im getting on a conference – u guys have a great night – if i get a re-entry ill post it
03:35 pm Ronny D : night
03:43 pm Curtis M : back in for another try scaling here
03:45 pm Mathew Waterfall : Followed a sweeper through on some dec 2 MGM calls. Japan ruling should give this a boost. lotto 29
03:48 pm Curtis M : having a hard time getting fill here
03:50 pm Curtis M : I am going to just watch after hours for a good fill dont want to leave it for morning
03:50 pm Curtis M : oh there got it lol
03:50 pm Curtis M : in for 7k total 14 k hold overnight 2nd fill avg looks like 6.265
03:51 pm Curtis M : no stops im in
03:51 pm Curtis M : have a good night all!
03:57 pm GSCT . : IS that your overall position average?
03:57 pm GSCT . : Or your second lot of 7k?

Topics: Compound Trading, Trading Lessons, Results, Wall Street, Stocks, Stock Market, Day Trading, Chat Room, Trading Results, $SGY, $JUNO, $USOIL, $UCO, $APPY, $TLYS