Showing posts with label mos. Show all posts
Showing posts with label mos. Show all posts

Tuesday, October 14, 2008

Charts, Keeping Your Eye on the Ball, Frustration

I will update later today describing my person strategy that I have been following in this market.

Here are some charts with the exact lines I drew yesterday. Today was all about the shorts.

POT


Frustration: I could not short this stock through TOS.

MON

Frustration: Was a bit too slow to notice this stock dropping right from the gap up. I felt like I would chase it if shorted, so instead I tried to short POT (arg).

MOS

Frustration: Could not borrow.

NYX

Frustration: Not paying attention!

So the lesson learned? I need to concentrate more on the stocks that I research and highlight. I should have easily got 4+ points shorting MON or 3+ shorting NYX. I need to update my chart setup in the mornings so that I can easily watch these stocks of interest without missing the big moves.

On the plus side, I still had a good day trading SKF to the long and POT to the long. Just quick intraday trades.

Wednesday, October 1, 2008

Ags are dead

MOS earnings released after hours, it is down about 20%.

These charts will look very different tomorrow, but lets see.

MOS

The bottom trendline will be demolished tomorrow.

MON

The bottom trendline will be demolished tomorrow.

POT

The bottom trendline will be demolished tomorrow.

IPI

Close to all time lows!