A few had some good points, but I didn't really keep track of what I was doing, so I am going to try and keep some notes on this site so I can refer back to it later if I need to.
Today was another slower market day, the only trade was to close out the FUQI trade that Curtis Stark shorted yesterday. On closing the trade I missed the chat call where he said he closed the trade. I mean when he put it up I was looking at something else at the time.
I have to remind myself to tell him to put out some sound when he places a trade.
But I was within a minute or two of when he traded, and the price was only a couple cents higher, and a couple minutes later it traded back to the price he got.
I also looked at my time and sales and there were a couple of trades that went through for 4500 shares at his price.
So you could assume that one of those trades were his.
Everything looks like he is actually trading his calls, and this one would have been very easy to enter and exit within 3 cents of his entry and exit.
I just say that because I have been in several chat rooms where I found out later that the person running the room either doesn't trade, or has a paper account or something like that.
The other thing I really liked about this trade was that several times before the trade he said that he was looking at the stock and thinking about trading. So there was a lot of warning compared to TimAlerts when some random stock comes across and you have to scramble for the ticker to get it in a see if it will come up or not, and then just to find out that it already ran 50 or 60 cents before he sent out the alert.
There were some other stocks that were called out, that were moving or possible trades. It looks like some of the other people in the room traded them.
Not like the muddy chats where they just call out everything under the sun, then the next day happen to be in the ones that went up.
He also traded two other stocks, one after hours Thursday night, and one pre Friday morning. I think he might have said something about alerting them on twitter.
I need to find out about that.
Before I forget, he talked about the stock several times before he got in or out, and he also explained the trade, where his stop was. How it was a good trade because he shorted at 7.10 and would exit if it broke the high of 7.25 so he was risking .15 cents and at the time he said it could break down and make .40 or .50 cents (I believe, I am kind of guessing) but anyway, he explained the trade really well, and how the risk was less than the reward.
No comments:
Post a Comment