The bottom line, the short-term trend is up, not confirmed though. I hold trapped short position overnight. I should have closed the short position but since the setup is to short at the close, so I’ll keep the short position for one more night. The chart pattern looks like a new high is not a question though. I’ll use 15 min or 30 min Open Range to decide whether to close the short position, if indeed the market gaps sharply higher tomorrow morning.
Demo account for short-term model, $200 max loss allowed per trade. Mechanical trading signal, for fun only.
TICKER | Entry Date | Entry Price | Share | Stop Loss | Exit Date | Exit Price | Profit | Comment |
SSO | 01/24/2011 | $50.49 | 100 | $48.97 | 01/24/2011 | $50.52 | 3.00 | |
SDS | 01/20/2011 | $22.98 | 200 | $22.34 | Half positioned to balance long position. | |||
SSO | 01/19/2011 | $49.81 | 100 | $48.86 | 01/21/2011 | $50.20 | 39.00 | Speculation play, half positioned. |
SDS | 01/19/2011 | $22.77 | 500 | $22.34 | 01/19/2011 | $22.91 | 70.00 | |
SSO | 01/14/2011 | $50.06 | 50 | $50.73 | 01/19/2011 | $50.73 | 33.50 | |
SSO | 01/14/2011 | $50.06 | 150 | $48.86 | 01/14/2011 | $50.65 | 88.50 | |
SSO | 01/12/2011 | $49.91 | 100 | $48.25 | 01/12/2011 | $50.11 | 20.00 | |
SSO | 01/11/2011 | $49.20 | 100 | $48.25 | 01/12/2011 | $50.02 | 82.00 | |
SSO | 01/11/2011 | $49.20 | 100 | $48.25 | 01/11/2011 | $49.24 | 4.00 | Risk control, half position out. |
SSO | 01/10/2011 | $48.98 | 100 | $47.65 | 01/11/2011 | $49.38 | 40.00 | |
SSO | 01/06/2011 | $49.26 | 100 | $48.29 | 01/07/2011 | $48.28 | -98.00 | Stop loss. |
SSO | 01/06/2011 | $49.26 | 100 | $48.29 | 01/07/2011 | $49.50 | 24.00 | Target met, partial profit. |
SSO | 01/04/2011 | $49.02 | 100 | $47.65 | 01/05/2011 | $49.38 | 36.00 | |
SSO | 12/30/2010 | $48.02 | 100 | $48.66 | 01/04/2011 | $48.66 | 64.00 | |
SSO | 12/30/2010 | $48.02 | 100 | $47.44 | 01/03/2011 | $49.20 | 118.00 | Partial profit. |
SDS | 12/30/2010 | $23.88 | 400 | $23.60 | 01/03/2011 | $23.30 | -232.00 | Gap down, manual stop loss used. |
SUM | 292.00 |