Trades from Thursday

July 26th, 2007

Nice big drop in the overall markets today.  (Like Howard, I love reading TraderMike’s analysis after a day like this.)  Just the opposite of the other day, there were a ton of stocks that appeared on my short scan.  It took me a while to narrow down my list to an amount that was manageable.

This was the type of day where I need to be making a killing instead of ending up with about 1R of profit like I did.  This could have easily been my best day ever.  I’m going to make some adjustments in my order mechanics based on a discussion with Eyal and Thiago, which would have helped today.  For some reason, I started putting in stop limit orders for all my trades which have caused me to miss out on some trades.  Since the uptick rule was eliminated, I’m not going to worry that much about slippage (which is why I was using stop limit orders) and see how it goes.

I had a partial fill in AKAM which worked really nicely.

AKAM.20070726

LVLT hit the fibonacci extension for a nice trade:

LVLT.20070726

I was long AAPL and BIDU which would have probably worked out on a different day.

AAPL.20070726

BIDU.20070726

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