The bottom line, the short-term trend is up, I hold partial long position overnight.
For a strong up day like today (not as strong as I imagined though), generally I don’t expect it to fail right away, especially seasonality wise, tomorrow, the last day of the Santa Rally, Dow was up 12 of last 17. Certainly, I don’t expect a huge up day tomorrow as well, because TICK closed above 1,000 which at least doesn’t support a 1%+ up day tomorrow if not red.
Demo account for short-term model, $200 max loss allowed per trade. Mechanical trading signal, for fun only.
TICKER |
Entry Date |
Entry Price |
Share |
Stop Loss |
Exit Date |
Exit Price |
Profit |
Comment |
SSO |
12/30/2010 |
$48.02 |
100 |
$47.44 |
01/03/2011 |
$49.20 |
118.00 |
Partial profit. |
SDS |
12/30/2010 |
$23.88 |
400 |
$23.60 |
01/03/2011 |
$23.30 |
-232.00 |
Gap down, manual stop loss used. |
SSO |
12/30/2010 |
$48.02 |
100 |
$47.66 |
|
|
|
|
SUM |
|
|
|
|
|
|
-114.00 |
| |