iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,043 Blog Posts

Milking Winners

This final week of summertime has been fruitful thus far, and I am harvesting more of the work from last week.  I am happy to report my wins are outstretching my losses nearly 3-to-1 meaning every one win cancels out three losers.  With a bit more patience that number could stretch to 4 or even 6-to-1.  This is a trading style that works well for me.

Also from the fronts, my shares of TWTR, a position dipped and ripped and then submerged under water for months is nearly back to par.  I have said before, when returning to par on my largest position, that I intend to continue holding this position well into fresh all-time highs.  I know a good thing when I see it.  Like Go Pro, another long term investment.

Shots are popping off across the momentum complex.  Today is our first Nasdaq gap down in ELEVEN sessions and it has been the most fruitful day of the entire rally.  So nasty, these conditions are, when you fight the tape.

What RSH is doing to shorts this week is brutal.  That dog of a stock is feeling its oats.  We have one more trading day, a summer Friday, then a holiday Monday, then mutual fund Tuesday.  It is about to get interesting in here.  I already have a roster of stocks I am salivating over.  But instead of buying today I am enjoying the scenery.  Patience, it may leave be in a cloud of dust, but it’s a virtue for a reason.

By the way, I love talking market profile hypothesis with you guys.  Even if you have any general questions or feel intimidated by the material, just ask.  There is no shame in being curious.

http://youtu.be/-C3bxQ06Kpg

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8 comments

  1. Q

    Loved the webinar on CL. What’s your expectation with this one going to the holiday in mid 94? More extension to the upper side?

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    • Raul3

      cool I am glad you liked it, I have to repopulate my chart and assess it for precision, but overall yes, higher prices

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  2. BankinDaMonkey

    Do you like AMBA here? Earnings next week

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  3. traderconfessions
    traderconfessions

    are you limiting your downside with tight stops?

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    • Raul3

      not really, I give most trades anywhere from 1-2% risk, so size accordingly

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  4. operator1

    kind of looks like a poor high on /ES today do you agree?

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