6th Oct 2011–Two dragons at once.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
8.70				8.10

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. I "saw" (can feel) the bull start to march in even though all indexes open at lowest point and very bearish.
2. Intraday chart shows that price is touching the trend line.
3. Daily chart shows a double bottom.
4. Weekly chart also shows that it is kind of safe to get in here.

 

Lesson Learnt:

 

1. You got to be fast to trade FAS and FAZ.
2. I was tempted to get in when the price started to go above $9.00. However, I remember from other lesson that market is still bearish and I should be able to get with a lower price. Hence I put in a slightly lower setup.
3. The last minute strong bull run was quite a surprise for me.
4. This is the ONLY time when I have FAS and FAZ at the same time and both are earning $$>

 

Intraday Chart

Historical Chart

6th Oct 2011–A small win fighting dragon.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	65.00				Profit	3 days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Stop loss triggered

 

Lesson Learnt:

 

1. A big chunk of profit evaporate just because I am not aggressive in controlling my stop loss.
2. I don't think the Bear camp has gave up. We are still in Bear market. Watch FAZ carefully and get back in once the momentum is there.
3. I should have set my stop loss a $75.00.
4. Yesterday, I saw the bull came back in and purchase FAS. Actually that time I should have immediately move my stop loss aggressively rather than having the "wait-n-see" attitude.

 

Intraday Chart

Historical Chart

3rd Oct 2011–The collapse of Europe… the begin of Dragon Age!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
60.80				54.00

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Overall market is very weak. All 3 indexes looks like going to collapse.
2. My long position of GS was kicked out. That is bad news for bank stocks.
3. Daily MACD for FAZ rebound from the zero line.
4. The daily price actually go up from the flag formation and then retrace back for another entry point.

 

Lesson Learnt:

 

1. This is a "Dragon". Be extra careful.
2. Might add to the position soon for maximum gain.
3. If OBV broke up from 300 and MACD broke up from the trend line, should be safe to top up.

 

Intraday Chart

-NA-

Historical Chart

9th May 2011–Wag by the dragon !

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	40.11				Even	3 Days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Stop loss triggered.

 

Lesson Learnt:

 

1. This beast is hard to trade in the fist place. As a result I was quite protective in my stop loss. I have move up my stop loss after second day to try to protect capital.
2. This gap down of FAZ is because of the gap up rally in all indexes. However, the rally fade away slowly.
3. Question is do I actually know that I should sell when FAZ hit $41.75? Answer is YES! That is the day when SPY stop at the 20MA line and sitting right on the trend line. Smart investor would have expect a technical rebound the next day and NOT TO GET PANIC, but to sit through the 12:00pm cycle and observe how it behave at the intraday MA lines.
4. My stop loss technique is not good yet. Other than protecting capital, I have to set respective to intraday MA lines also, so that I don’t get punch out for nothing.
5. Market is still deciding which way to go.
6. In fact, if you observe FAZ weekly chart. It is not hard to see that the price has stabilized for 3 months. Long term chart look really interesting where all the MA lines looks like they are all going to turn…. and turn UP. Is the Amargeddon going to come?!

 

Intraday Chart

Historical Chart

4th May 2011–It is time to rob the banks!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
39.45				37.90

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. I sold DBLE, DEXO, PAY, YOKU in one night. Fishy feeling is caught on me.
2. All my reverse ETFs are up, except FAZ.
3. FAS is hitting the upper part of the down trend line which can mean lucrative profit for FAZ which is sitting on the lower part of the trend line support.
4. Indexes like SPY is showing bearish pattern on their daily chart.
5. Bank stocks like C and GS shows higher potential of more down trend.

 

Lesson Learnt:

 

1. Be patient and extra careful when deal with this BIG BEAST

 

Intraday Chart

Historical Chart

1st-May-2011–Pattern Study C, BAC, GS, WFC, UBS, FAS and FAZ

Ticker:

 

1. C, BAC, GS, WFC, UBS, FAS, FAZ

 

Topic:

 

1. If you refer back to the post http://stockaki.blogspot.com/2011/03/30th-march-2011pattern-studyc-bac-and.html, the prediction on the banks are somehow right on path
2. Now

 

Lesson Learnt:

 

1. FAS is forming a triangle. Need to decide where it will go first. Same goes for C.
2. FAZ is coming down to test its support trend line.
3. UBS form a double top pattern, however this stock looks most bullish among all.
4. BAS looks really weak. Now testing its support line $12.30.
5. GS looks even worse, broken down from the triangle that it formed. Also below all its MA lines. Looks more like a shorting opportunity.
6. WFC is the one that look much more healthier with the support now at 50MA line at $28.60
7. Monday might gives us indication whether we should go LONG or SHORT financial stocks.

 

Intraday Chart

Historical Chart

18th-April-2011–Getting off from the dragon.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	41.00				Nice cup of coffee	10 Days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. All 3 indexes have successfully rebounded from their daily chart of 50MA and 20MA lines. Same for their intraday charts.
2. FAZ intraday has started to get weak and began to sit on the 20MA line.
3. C, BAC and GS are starting to came down to their support lines.
4. VXX is again at double bottom and it looks like more potential for it do go lower rather than rebound.

 

Lesson Learnt:

 

1. Let's take some profit from the table first for FAZ. This dragon is pretty hard to handle anyway.

 

Intraday Chart

Historical Chart