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Feb 20. Exited Shorts SPX 763

Posted by beta, Feb 20 2009, 11:25 AM

Exited EEV, SDS, SRS for 6% profit.

SPX hit my first e-wave target (765); will wait for another bounce and attempt to close the am gap to re-short.

Back in long TBT @ 46.

______________

10:05 am update: long @ 758, tgt 780 (30% position, counter-trend).

11:52 am update: taking partial profits @ 778, will let the rest ride to 804.

1:00 pm update: reloaded SRS @ 72 (40%).

Going out net 25% short.

Feb 23 8:27 am update: exit SRS @ 78 for 8%. Will wait for another entry.




Comments

  thespookyone, Feb 20 2009, 10:25 PM

Man, SRS has made a great trading vehicle lately-been getting a taste myself here and there.

  beta, Feb 21 2009, 01:51 PM

QUOTE (thespookyone @ Feb 20 2009, 07:25 PM)
Man, SRS has made a great trading vehicle lately-been getting a taste myself here and there.


hi spooky,

yes, SRS is a monster -- up 66% in 7 trading days, and often trades 15-20% swings in a single day ! It is the Ducati of daytrading stocks, unmatched velocity and performance. good to hear SRS and markets are treating you well. enjoy your e-wave comments, and look forward to your posts. /beta

This post has been edited by beta: Feb 21 2009, 02:04 PM

 
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