RYL - nice bounce, put this one on the
watchlist on Sunday, lower risk was buying at support so that your
stop could be very tight.
Steve and I post a lot of breakouts and we buy breakouts, but we
also buy a lot of them early well before they breakout, I like to
buy near support when I can so that my stop can be real tight.
Anyway we'll see where this goes,
Stop goes at 13.3
Posted by admagazu on 16th of Nov 2011 at 11:33 am
I have been long TOL from 14s.. I posted it in here and it got
ignored.. fwiw also long LEN MAS and USB from lower levels... still
like them all looking out weeklys and monthlys improving
The pairs trade I did as an experiment (long ITB, short EFA) has
not been a barn burner but I have to say it has caused me less
anxiety and problems that my discretionary position trades -- most
of those were short trades that I stopped at a loss after the big
gap held (I don't have rp's courage). Currently the ITB long
is up 7.06% and the EFA short is down 1.46% for an average of a
2.8% gain. For a while of course the short side was in the lead but
the pair has been profitable from the start. Could change if the
trend changes but naturally I hope to close it out before that
changes too much.
RYL follow up
Posted by matt on 16th of Nov 2011 at 11:00 am
RYL - nice bounce, put this one on the watchlist on Sunday, lower risk was buying at support so that your stop could be very tight.
Steve and I post a lot of breakouts and we buy breakouts, but we also buy a lot of them early well before they breakout, I like to buy near support when I can so that my stop can be real tight.
Anyway we'll see where this goes, Stop goes at 13.3
I have been long TOL
Posted by admagazu on 16th of Nov 2011 at 11:33 am
I have been long TOL from 14s.. I posted it in here and it got ignored.. fwiw also long LEN MAS and USB from lower levels... still like them all looking out weeklys and monthlys improving
Long ITB short EFA pairs
Posted by bkout3 on 16th of Nov 2011 at 11:48 am
Long ITB short EFA pairs tradeworking so far -- up about 2%
Title: Pairs trade update The pairs
Posted by bkout3 on 2nd of Dec 2011 at 10:34 am
The pairs trade I did as an experiment (long ITB, short EFA) has not been a barn burner but I have to say it has caused me less anxiety and problems that my discretionary position trades -- most of those were short trades that I stopped at a loss after the big gap held (I don't have rp's courage). Currently the ITB long is up 7.06% and the EFA short is down 1.46% for an average of a 2.8% gain. For a while of course the short side was in the lead but the pair has been profitable from the start. Could change if the trend changes but naturally I hope to close it out before that changes too much.
nice going, yep the whole
Posted by matt on 16th of Nov 2011 at 11:36 am
nice going, yep the whole homebuilder sector has had a bid