Thursday, April 2, 2015

Anatomy of a Parabolic Short: Day Trading Technique


Hey folks,

Here's a Day Trade i made today in my personal account. It was a very slow day in the market but while running my INTRA DAY scans i saw this trade setup and here's how i played it. I rarely short stocks in a bull market but this one was a rare exception.

I like to use BOLLINGER BANDS to help spot potential OverSold and/or OverBought stocks to Buy or Selll(short).

Note: this trade for experienced traders only. Rookies, please stay away from this type of trade setups until you get some more screen time under your belt.

I entered the trade in 3 separate pieces and averaged entry was $21.85-ish while holding 13,000 shares. This trade was good for a quick $2000.00 gain... coulda, woulda, shoulda been much much bigger with a lil more patience but as you already know, i am the "impatient trader". 
My stop loss was 10 cents above the $22.00 round number. 

Hope it helps!







DateSymbolSubjectAction
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 1400 GSM @ $21.6699Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 300 GSM @ $21.668Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 300 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 400 GSM @ $21.6699Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.66Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:56 PM ETGSM Bought to Cover 100 GSM @ $21.67Executed
4/2/2015 3:01:23 PM ETGSM Bought to Cover 16 GSM @ $21.7Executed
4/2/2015 3:01:12 PM ETGSM Bought to Cover 600 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 4500 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 2420 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 300 GSM @ $21.7Executed
4/2/2015 3:01:11 PM ETGSM Bought to Cover 800 GSM @ $21.7Executed
4/2/2015 3:01:10 PM ETGSM Bought to Cover 100 GSM @ $21.7Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.628Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 51 GSM @ $21.62Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 153 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 6 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.65Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 54 GSM @ $21.65Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.63Executed
4/2/2015 3:00:35 PM ETGSM Bought to Cover 100 GSM @ $21.65Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 500 GSM @ $21.9316Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 65 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 403 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 92 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 46 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 54 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 40 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 200 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:11:31 PM ETGSM Sold Short 100 GSM @ $21.93Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 1800 GSM @ $21.86Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 100 GSM @ $21.86Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 400 GSM @ $21.8666Executed
4/2/2015 2:07:51 PM ETGSM Sold Short 2700 GSM @ $21.8666Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.77Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.77Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.77Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 400 GSM @ $21.7601Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 115 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 200 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 285 GSM @ $21.74Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 2200 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 800 GSM @ $21.75Executed
4/2/2015 2:05:37 PM ETGSM Sold Short 100 GSM @ $21.76

Friday, February 20, 2015

The "Earnings Gappers" Watchlist

Hi folks,

I wanted to share with you all a specific watchlist which i track closely in my daily routine. I call it the "Earnings Gappers" watchlist. The idea is pretty simple: I simply wait till AFTER a stock(company) reports their earnings and watch it closely and see how it closes on that day. If i see a STRONG candle on humongous volume on the close, i automatically add it to my "Earnings Gappers" watchlist.  This watchlist will essentially hold only the "winners". Stocks that reported outstanding earnings and the stock reacted very positively. Stocks that act well after earnings reports have a reliable tendency to keep running higher.

Some of these names end up as either "Trade Alerts" for ART OF TRADING members and/or actual setups which i email to AoT members as well. Some people might say, these stocks are 'too extended and hard to buy them now'; But I do not mind chasing stocks that reported great earnings and are now showing strong technical qualities as the chance of these stocks running even higher is very strong. Sometimes, you have to pay up for a quality name that has proven itself.

Here are a few examples I've added to this list recently.









ART OF TRADING  Member Reviews : HERE
 








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