Starbucks (SBUX) short - Vale SA (ADR) short - Bank of America (BAC) short

Happy Tuesday traders.

This mornings short trades where using entries of price level breaks. See sidebar for results,

Starbucks Corporation (NASDAQ:SBUX)

 

Short entry opened on break of dollar level $57  First target reached at $56.81 and closed trade on pull back.  profitable trade.

 

 

 

Vale SA (ADR)

(NYSE:VALE)

 

Short entry on the break of .40 and Floor Pivot Point.

1st target hit at .26 closed on pull back. Profitable

 

 

Bank of America Corp

(NYSE:BAC)

 

Entry to early. should have saved a penny and closed sooner. Stop hit.

 

Loss

 

 

2/3 and still profitable. Keeping my losses small.

 

 

I learn and trade with the

Stock Whisperer

 

 

 

 



Starbucks (SBUX) short - Freeport-McMoRan Inc (FCX) short - S&P Sel Finl Spir Fd (XLF) short

This mornings trades.

See side bar for results.

Starbucks Corporation (SBUX)

I waited for the whole number break of $57 and shorted 300 at $56.98

Two of three price targets hit. Last 1/3 I was away from the desk and placed a close stop.

Financial Select Sector SPDR Fund

Tried to catch a turn at the 1/2 dollar level. Opened short at .48

stop hit. small loss

                                                            Freeport-McMoRan Inc

Again tried to catch the fall though of the 1/2 dollar level. I did not keep my stop close enough.

 My stop should have been .52 at the most.

This last trade was an example of holding on to old unprofitable ways.

Bad Trade!

I trade with and follow the

JCP SHORT BAC SHORT AKS SHORT and the whisperoftheday2-24-17



J C Penney Company Inc (JCP)  Short call out in the room <$6.80

See side bar for trades

Trade Closed

 

 

AK Steel Holding Corporation (AKS)

 

Closed as she wasn't moving

See side bar

 

 

 

Bank of America Corp (NYSE:BAC)

closed TO LATE should have been out at .21

 

 

I started out this trade not following the rules. I felt it in my gut and tried to make the best of a bad entry. I should have been out at $24.21

 

Still a profitable day and a good trading week.

 

 

 

 

#whisperoftheday2-23-17 CNH Industrial NV

Short $CHNI  CNH Industrial NV  @$9.35 as posted below .36  Target $9.26

Target hit.

SHORT $BAC Bank of America Corp  (NYSE:BAC)

@24.78 covered at $24.63

Short AMD Advanced Micro Devices, Inc.

Took small profit at .92 at 5 min chart 200SMA and closed trade on pull back.

Profitable

small profit but I did not let her run against me a 2nd time. Overall not a good trade since I hung in there the first big pull back, won't happen again.

#whisperoftheday2-22-17

Thursday Morning Trading Wells Fargo & Co

One of this mornings call out in the Java Pit was Wells Fargo & Co (WFC) short.

Anatomy of the trade.

1. Stock below 5 min 200MA (so I looked to short)
2. Waited with a stop limit short order at 58.19/58.18 (.20 3rd strongest price level)
3. Trade opened and posted my BTC order at 58.02 (.00 strongest price level)
4. Profitable trade

 

 

 

2ND GO AT WFC

Perfect entry - Great targets.

Profitable trade

 

 

 

Now a look at NOT following the RULES

Feb 14

trade

 

Advanced Micro Devices, Inc.(AMD) I had a standing order to short at .19 never hit.

So I started to trade between levels and covered for losses twice.

 

Had I waited for AMD to come up to the .50 level as taught, and shorted at .48/.49 I would have entered correctly and hit my profit targets below.

 

 



FRIDAY MORNING CLF Long

No call outs in the room this morning. I was watching Big Block Prints and Levels on CLF

Todays trade CLF >$11.00  Targets .11 .19 .49

First target hit @.11

AMD short .39 covered at .51

I trade with

The Stock Whisperer

THURSDAY MORNING

Todays call outs.

CLF >10.50  <10.30

AMD >13.75

I opened 200 shares AMD on a stop limit order @$13.76 1st target $13.83

Stop Hit out at .69

 

2nd Chance Rule

 

Entered Long 300 at .77

1st target .01< then HOD

 

Exit at .78  She fell after that.

 

 

 

 

 

#whisperoftheday2-8-17

Starting over with some good training

I made the decision to start a new trading blog. A new day and a new way. I believe I was led though divine intervention to the stock trading room of The Stock Whisperer.

For discloser I've paid for a 12 month membership.

The purpose of my new blog will be to show my progress over this next year. If you are to look at the Profitly board on the side bar all trades from the "F" Ford Motor Company on are call outs in the morning briefing, or trades that I am using her teachings to find.

This morning call was GDX bullish > $25.50

I entered first trade above the .50 level at .62.

Should have waited for the pullback to the .50 level so that my stop would have been at .46 and a loss smaller then what it turned out to be. I also could have waited to enter at the .80 level above with a stop lower at .74

 

First trade (-) with my stop still to far away.

 

The rule is .04 stop loss.

 

Second trade I waited and when back in at .51.

She hung out at the .61 level for a long time and trade closed for (-) at .46

 

Recap: Should have taken what she was giving at the time.