Trades for Tuesday

July 31st, 2007

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.

QQQQ.20070730

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

SIMO.20070730

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

LCAV.20070730

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!

 

1 Comment

  1. howidaytrade Said,

    July 31, 2007 @ 2:48 pm

    Dittio on the QQQQ gapfill fill play – nice trade, great day to fade the market

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