Well, if there was any question who is in charge now, I’m going to go out on a limb and say it’s DA BEARS.  We had a large gap up at the open and I had over 200 longs on my Trade-Ideas alerts by 10AM.  I started out with an Opening Gap Fade which worked out well (thanks, Mike!)  I haven’t tried those in a while, but it seemed too good to pass up today.  It’s nice starting the day off with 1R from fading a Q gap.

Most of my profits for the day were from SIMO which I traded off the 3rd 15 minute bar:

I also had basically a breakeven trade in LCAV.  Looks like OONR7 made a similar trade.

I made two other trades (1/2 position size) in CROX from my momentum system which didn’t work out.  This finishes my best month ever on the least amount of shares I’ve traded.  Look for a full monthly review soon.  I hope you were able to capitalize on the decline over the past few days!

Related posts:

1. Trades for Tuesday
2. Two Trades, One Winner, One Loser
3. No Trades Today, Almost in LH
4. Back from Vacation, Trades in CMC, WNG
5. Trades for Monday and Tuesday