Thursday, September 2, 2010

August Recap

Started off the month with consecutive losses - I finally got caught in the choppiness. It's ok though - made several VERY profitable trades late in the month (SA, SFSF, LRCX) with full positions that allowed me to end the month positive roughly +4%.

Today we got a little rally - I expect there's not much movement because of the nonfarm payrolls coming out tomorrow - which I'm going to expect the unexpected and assume it will be better than expected.

I'm trying to find some long setups right now that haven't already run - not having much luck at the moment. Nothing a SCREAMING buy as of last night - I made a trade out of boredom it almost seems today and partly regret it - in $BRCD. If we get a pop in the market tomorrow I still think this will run - it's trying to break out of a big channel.

More later...

30/
Out $SFSF 21.50 (+1.43)
25/
Covered $TPX 26.72 (-.38)
14/
Out $SA 26.63 (+.78)
Out $TXN 24.20 (-.42)
13/
Out $SPXU 32.87 (+.34)
11/
Out $LRCX 41.26 (+.53)
Out $YUM 42.24 (-.66)
4/
Out $PEET 41.45 (-.70)
3/
Out $HOV 4.50 (-.11)
Out $RCL 29.29 (-.66)

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