Lesson learned!

The Idea was right but the stop was too tight.I saw the double top forming and entered but my stop was barely 7 cents away.I was too cautious I forgot with guts comes glory.
Props to my friend Richie for banking $13000 in just 2hrs today.

Not Interested!

The market is up again, I am not getting long here.However it is looking better to start working on some shorts.If FAZ drops around $32 level I'll initiate a position.I am tempted to get long for a day trade but I am reluctant to make any move.The easy money has been made it will be time to short soon.

UPDATE @11:56
GE seems to be forming a double top on 5 min daily chart.
I am short $10.23 with a stop @ $10.30 just above the days high.

Monday 16th March

Every one is predicting a pull back.But don't count out any positive news that seem to be popping out of nowhere these days.
Shorts on my radar:
GE
AMZN
RIMM

Back from Hiatus

I am back full time to full time blogging now.I have been busy with work and family.Apparently a lot has happened since I last posted.The market bounced off its lows, Richie and Stewie apparently have a feud brewing.My USO and UCO are in decent shape and I am ready to put some capital to work.

Buying UCO & USO here!

I think Oil is forming a bottom, it is a long term trade.I am going to keep both for a while.
EXM trade didn't work out as planned.

Short EXM @ $6.04

EXM was off its lows on a low volume.I have a stop at $6.50

Update: moving the stop to $6.20 I am not liking the lack of movement.

Update: moved the stop to break even.Lets hope it doesn't gap up.

New addition to the family!

Last week I welcomed my second son.I have been extremely busy and haven't had anytime to trade.It has been sleepless nights and loads of diaper changes.But I hope to start trading this coming week.