21st April 2012 – It is time to go… down for AVaGO!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
		37.00		36.00

 

Reason for Buy / Sell / Short / Cover:

 

1. Saw a gapped down on AVGO when market opened.

2. Daily chart has shown price go down from 20MA line already and 20MA line has started to curved downward.
3. Now when market opened, price punched through the 50MA line downward confirming the downtrend.

4. We have a very attractive and safe entry for a short.

 

Lesson Learnt:

 

1. All secondary indicators are moving south.
2. Monthly chart show a very obvious double top formation.
3. All indexes are also getting weaker. AAPL stock was hit too.

 

Intraday Chart

Historical Chart

21st April 2012 – Going after the Q (kill) Q (kill) Q (kill)

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
11.00				10.70

 

Reason for Buy / Sell / Short / Cover:

 

1. All indexes are getting weak.

2. AAPL stock got hit and start to get weak and AAPL constitute a high percent in QQQ ETF. Instead of shorting AAPL, we can actually invest in SQQQ.

3. Intraday has demonstrated 2 weeks of uptrend channel and $11.00 looks like a promising entry point not to be missed.

 

Lesson Learnt:

 

1. Daily and Weekly charts indicated that we have SQQQ has a turning point at the start of April month.

2. From the weekly chart we can see a high volume supporting the turning point.

3. All daily and weekly secondary indicators all shouting for entry.

4. Daily chart shows that price has poke through its 20MA line and now 20MA line is curving up and become a support line.

 

Intraday Chart

Historical Chart

21st April 2012 – YOKU’s movie not good for health.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	23.30				Profit	10 days

 

Reason for Buy / Sell / Short / Cover:

 

1. Stop loss got triggered while I was sleeping.       
2. Intraday chart show weakness. Intraday support line @ $23.50 is no longer strong enough to hold the drop.

 

Lesson Learnt:

 

1. We might be able to pick it up again when it comes to its 100MA line support at its daily chart @ $22.00. That is where the 20MA support line for its monthly chart too.
2. Monthly chart actually told us that YOKU has a resistance at $25.00. I should have put a tighter stop loss near there to protect more gain.

3. Again, my stop loss setting need improvement.

 

Intraday Chart

Historical Chart

21st April 2012 – It is time to withdraw $$ from Bank of America.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	8.62				Profit	156 days

 

Reason for Buy / Sell / Short / Cover:

 

1. I cannot stand the way it dropped anymore. It kept showing weakness on the intraday chart.

2. After report announcement, it gapped up and then keep sliding down.
3. Daily chart showed that the 50MA line is no longer strong enough to hold the price drop anymore and now finally broke through.

 

Lesson Learnt:

 

1. I should have sold it when it broke the top head neckline on the daily chart. That time I was thinking that it might be a good opportunity for me to top up.

2. Might see a lot of rebound activity later at price range of $8.00 where we have 20MA and 50MA lines support on the monthly chart.

 

Intraday Chart

Historical Chart

20th April 2012 - “A” play trick with me.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	41.60				Profit

 

Reason for Buy / Sell / Short / Cover:

 

1. Set a stop loss right underneath the daily mountain shape support line.
2. Got hit, triggered and the stock price rebounded back.      ;-(

 

Lesson Learnt:

 

1. This could be a pretty bad stop loss.
2. Should have sold it when it first broke down from the daily 50MA line.
3. Anyway, there is potential shorting opportunity once it rebound back to around $44.00. A potential head-n-Shoulder in the making.

 

Intraday Chart

Historical Chart

20th April 2012 – Just cannot wait for Facebook IPO, how about China Facebook?

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
5.75				6.70

 

Reason for Buy / Sell / Short / Cover:

 

1. Intraday started to turn up and on Tuesday it suddenly shot up above intraday resistant line.

 

Lesson Learnt:

 

1. Daily chart shows that price is sitting at the tip of the triangle formation.
2. Strong support from both daily 20MA and 50MA lines.
3. Monthly chart shows consolidation at the handle of "cup and handle" formation and price keep floating above monthly 20MA line.

 

Intraday Chart

Historical Chart

20th April 2012 – YOKU’s nice movie makes me come back for more.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
22.10				23.30

 

Note:  Stop loss has been revised because I post this one week later after purchase date.

 

Reason for Buy / Sell / Short / Cover:

 

1. Multiple bottom at the intraday chart and suddenly a gap up from it low.
2. When earning is out, the price gapped up high from $25.00 to $32.00 and then sliding down each day.
3. The price actually went all the way down until close to 100MA line.
4. Daily chart MACD start to turn back up.
5. Monthly chart clearly show that the price came down and touch on its monthly 20MA line and it has a nice "W" shape from Oct to Jan time frame which is a good bottoming indicator.

 

Lesson Learnt:

 

1. Don't chase even if it gapped up after earning. Worst come to worst, earn less.     ;-)

 

Intraday Chart

Historical Chart

19th April 2012 – Don’t stay in T…ZOO for too long.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	25.90				Even	54 days

 

Reason for Buy / Sell / Short / Cover:

 

1. The price gap all the way up to near my purchase price on the company news. Time for me to put in my stop loss point to safeguard my capital.

 

Lesson Learnt:

 

1. I did not put in my stop loss as I thought I will do and the price keep going lower and lower. This is the biggest mistake for trader and I am just been lucky this time.
2. Not going to short this stock since it is putting himself up for sale. I think I will not touch this stock for near future because the price can swing hard both ways.

 

Intraday Chart

Historical Chart