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.

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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.

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

  1. RealMoneyIssuesFebruary 16, 2012 at 3:53 PM

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


    ARrrrrrrggggg

    ReplyDelete
    Replies
    1. JamesFebruary 16, 2012 at 4:04 PM

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

      Delete
  2. OldeeeFebruary 16, 2012 at 3:56 PM

    Another nailbiter, and also another homerun. Congrats J!

    ReplyDelete
  3. RealMoneyIssuesFebruary 16, 2012 at 4:05 PM

    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. berlineFebruary 16, 2012 at 4:07 PM

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

    ReplyDelete
    Replies
    1. RealMoneyIssuesFebruary 16, 2012 at 4:09 PM

      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. berlineFebruary 17, 2012 at 6:24 AM

      Man, you were cranky yesterday.

      Delete
    3. RealMoneyIssuesFebruary 17, 2012 at 12:52 PM

      Still am...

      grrrrrr

      Delete
  5. RealMoneyIssuesFebruary 16, 2012 at 4:08 PM

    This comment has been removed by the author.

    ReplyDelete
  6. ChrisFebruary 16, 2012 at 4:22 PM

    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. RealMoneyIssuesFebruary 16, 2012 at 5:28 PM

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

      Delete
  7. safeskiesFebruary 16, 2012 at 4:28 PM

    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. johnFebruary 16, 2012 at 7:31 PM

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

    ReplyDelete
  9. johnFebruary 16, 2012 at 9:03 PM

    By the way-- thanks J trader

    ReplyDelete
  10. AlgyrosFebruary 17, 2012 at 8:04 AM

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

    ReplyDelete

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