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Old 04-14-2009, 09:05 AM
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Ken Ken is offline
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WYNN, MGM, LVS up on MGM good news re financing.

April 14th 10:06am
Did some small share trades in MGM AIG FITB ZLC BGP BYD so far
My dt acct back up to just under 40K from the 29k I'd started it with, I'm trailing very close stops on all open positions to guard against market turns/reversals.

I'll be aggressively trading those in the list above, here's my actual trade confirmations for trades so far today, as of 11:20am EST April 14th. Now I've go to go send my tax checks to the IRS.


(updated 2:16pm EST; also took net realized p&l losses on closing some open position/swings today - lesson learned is keep stops small, re-enter on continuations vs waiting around for them to come back)

Be Sure To Register for my FREE "Trading The Open" guest access day coming next Tuesday, April 21st:

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Good trading!

Ken

After the Bell:
p.s. I really liked the trading pattern in WYNN today, strong clean multi-point trading line, and NFLX recently.
I'll be looking at those for trading setups in the days ahead (also see APOL/COCO).

Note the 10-day NASDAQ composite has not been able to take out new highs, with R1 at just over 1660, so I'll be skeptical about adding to position/long swing trades until/unless it gets over there. I fully expect to see at least one or more red days coming up soon, like today's net -1.67 red nas composite day:
http://bigcharts.marketwatch.com/qui...freq=7&time=18 and will be shorting equally aggressively into red days (particularly 2-day lows) as well as trading strong upside moves in stocks like MGM/WYNN/ZLC/BGP/NFLX and others as they occur. Banking/financials (AIG WFC etc) also recovered in recent sessions, I'll be playing those both directions as well.
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