THE SHORT-TERM TREND IS DOWN, I HOLD SHORT POSITION OVERNIGHT
Doesn’t feel good about the market action today but no decisive breakdown yet and the selling was not broad based, so need see tomorrow.
Potential short setup for Cobra Impulse System, need 2 conditions to confirm the trade though. Well, I know, sometimes wait until the close to confirm the trade would be too late, but take a position intraday does need some experiences. Guess we’ll have to live with this until I figure out a better way to confirm a signal.
- Breakdown below today’s low.
- Eventually close in red.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
TICKER |
Entry Date |
Entry |
Share |
Stop Loss |
Exit Date |
Exit |
Profit |
Comment |
SDS |
05/16/2011 |
$20.51 |
400 |
$19.97 |
|
|
|
|
SDS |
05/13/2011 |
$20.38 |
300 |
$19.97 |
05/13/2011 |
$20.43 |
15.00 |
Half positioned. |
SSO |
05/12/2011 |
$54.70 |
50 |
$53.49 |
05/12/2011 |
$55.26 |
28.00 |
|
SSO |
05/10/2011 |
$55.50 |
50 |
$55.12 |
05/10/2011 |
$55.99 |
24.50 |
|
SDS |
05/09/2011 |
$20.40 |
300 |
$19.47 |
05/12/2011 |
$20.44 |
12.00 |
|
SSO |
05/06/2011 |
$55.49 |
50 |
$53.49 |
05/12/2011 |
$55.18 |
-15.50 |
Half positioned. |
SDS |
05/06/2011 |
$20.17 |
200 |
$19.47 |
05/06/2011 |
$20.40 |
46.00 |
Half positioned. |
SDS |
05/04/2011 |
$20.12 |
200 |
$19.47 |
05/09/2011 |
$20.25 |
26.00 |
Half positioned. |
SDS |
05/03/2011 |
$19.94 |
300 |
$19.47 |
05/03/2011 |
$19.98 |
12.00 |
Half positioned. |
SSO |
04/20/2011 |
$53.62 |
100 |
$54.73 |
05/04/2011 |
$54.73 |
111.00 |
|
LAST |
|
|
|
|
|
|
1387.00 |
|
SUM |
|
|
|
|
|
|
1649.00 |
|
|
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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