Thursday, February 16, 2012

Short confirmed.

1015am 2/17: The CCI rules are in fact giving a sell signal for stocks. That's another winning trade to boost its unbelievable 90%+ winning percentage for long trades. TNA gained over 6% for the trade. The average gain was 4% as I had mentioned last weekend.

My simple CCI rules don't allow for short trades in this type of up-trending environment, so it heads to the sidelines and waits for the next set-up. Just a little FYI. Take care.

---------

Short was confirmed. Nice profit on the 100% long position. My CCI rules (which produced a buy last Friday) did not produce a sell signal today, but probably will do so tomorrow. Regardless, I am now ~50% long TZA. Good night.

~~~~~~~~~~~~~~~~~~~~~~~~~~~

The system sells longs and goes short (50%) TNA if SPY closes at 136.03 or higher. Otherwise, hold longs.

16 comments:

  1. Why does it seem you pick numbers so that we have to decide at 3:58 ????


    ARrrrrrrggggg

    ReplyDelete
    Replies
    1. LOL, I don't know why that always seems to happen. :)

      Delete
  2. Another nailbiter, and also another homerun. Congrats J!

    ReplyDelete
  3. And another one I couldn't take advantage of... dang it

    More than likely the market manipulators will gap the dang markets again... I hate this last minute crap...

    ReplyDelete
  4. BTW...with MerrillEdge, you can trade after hours...for free...just sayin.

    ReplyDelete
    Replies
    1. And I probably can't get to the site at work... just saying...

      No offense J, but I can't do this last minute stuff. I am going to just buy and hold...

      Delete
    2. Man, you were cranky yesterday.

      Delete
  5. This comment has been removed by the author.

    ReplyDelete
  6. Get a smartphone and get mobile trading from a handful of online broker houses. Set a reminder on your phone to check j-trader at 3:58 and then sell your shares around 4:15 when all prints have settled via smartphone. Very easy to do.

    ReplyDelete
    Replies
    1. Can't have cell phones at work... I will figure something out...

      Delete
  7. I know Scottrade has fairly straightforward trading after hours or pre market, if its a close signal I just buy in after hours. Usually you can get pretty close to the closing price.

    ReplyDelete
  8. Make the buy after hours or premarket. Unless there are huge gaps ( which I would avoid) , it should be relatively close.

    ReplyDelete
  9. Another solution, that I've mentioned before, is to trade E-mini futures. ES and NQ trade essentially 24 hours a day.

    ReplyDelete