Tried shorts in JWN WYNN, minor stops/breakeven, total P&L -$11 including all trades. Testing out various new time & sales techniques using increments of .10 for moves.



The key is, especially when testing out new signals, keep stops as small as possible, using very small-share trades, like these. Also I think it's important that I post my stop-outs as well as wins, so that you can see how successful stops should be taken, eg as small $ as possible.

2:40pm Bought 100 shares each ZLC GCI here w/close stops for swing/position trades; also bought 50 BAC 9.3 on breakout w/close stop

Near end of day: tried a couple of 50-share shorts HBI JWN, closed them out near breakeven; made a winning small BAC roundtrip; overall a scratch day, just +$8 net. Hey now I can go get me and the wife a cup o Starbucks...

Here's the day's trade confirmations. Note I had good specific technical reasons for entries in the HBI/JWN shorts, if you pull up the charts you'll see I shorted loss of bear cup supports on each one into the close.



3:51pm bought 100 more ZLC here before the close, shopping for more
Bought back 50 shares BAC into the close here near 9.75
Bought 30 MAC 12.04 (25-d high b/o, closing strong, possible gap+ play, unless weak market open tomorrow)
3:57 bought 100 DDR 3.12 (25d high b/o)

My longer term swing/position BYD closing in the money here, keeping on radar for in case it breaks 6.7 area in future sessions to add to position

Whew! What a day. Lessons learned: don't short on long-trin days, even if technical patterns (eg micro bear cups/weakness on stocks up >20% on the day) look great for shorting. What was done right: taking very small stops when wrong, and adding small shares for winning breakout plays. Also done right: kept share sizes small for counter-trend trades, eg 50 share size to minimize risk. Kept all trading under 50-200 share lots today, small shares since testing.

Best wishes,

Ken