The CAKE short (shortcake) worked out quite well in the end, with a decent reward to risk ratio, especially from the tightened stop. I judged the broad market correctly, found an unusual suspect, waited for a spot to make a move, got short, set a stop, tightened the protective stop down a bit once the initial risk was covered, let the profits run, and bet the right size for this stock.
Read through the time-stamped trading diary, study the chart, think about it.
Now that the weather is nice here and it's no longer dark 18 hours a day, I plan to take every Friday off so there won't be any posts tomorrow. See you next week!
CAKE, 30 min. Chart
File under There'll Always Be An England: Tube etiquette poll.
Crapski, I got picked off in PLNR at the tightened stop. Now watch them push CAKE to 45.80 to screw me there too.
Study shows most currency traders are overconfident wankers.
Tightened the stop on PLNR and CAKE. Let them eat CAKE, I say.
OK, I'm off to exercise... tone still looks quite poor to me, see you later.
Short PLNR p stop 12.89.
Short CAKE p stop 45.97. Ha! shortcake.
Tone is poor, I'm favoring the short side. Unfortunately I can't locate shares for WQNI ESMC NVEC MAMA etc.
Eyes on KMRT, NGEN, 'N SYNC....
The Japanese market moves to new highs.
iShares MSCI Japan (EWJ), Weekly Chart
Vanguard helpfully gives you Ten ways to put your tax refund to work:
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- Donate to charity
UK Unemployment falls to all-time low. Just don't tell the hundreds of bums, beggars, and drunks who populate our neighborhood.
Google Local is out.
Mark Cuban has a blog. You may recall that Cuban made $1.7 billion on his sale of broadcast.com to Yahoo! in 1999. His timing is obviously good. Like Howard Jonas at IDT, these scrappy entrepreneurial types knew when to cut and run during the bubble.
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Chairman MaoXian