Outlier Daytrading

Added to SLB short

2011-11-07T15:25:00.001-05:00

Decided to add into this up move to possibly get a headstart on the downmove.

Short SLB

2011-11-07T15:18:00.001-05:00

Got into a short position in SLB as it moved up to the level from yesterday’s post.

Instead of moving below, most of the stocks from yesterday’s “watchlist” gapped up and tested the lows as support then rebounded strongly.

Trading Levels for Monday 11/7/11

2011-11-07T01:32:00.001-05:00

MUR established some weakness on friday. If the stock opens below, or drives below this level and rises back to it, it will be a prime short candidate.

Ditto for SLB.

This is a controversial area for ILMN. Some possible scenarios include a rise to a double top for a short oppurtunity, a drive above for a long opp, or dreadful sideways action.

CREE also made some fairly obvious hints at future price action.

NFLX short (2)

2011-11-04T15:05:00.001-04:00

I gotta take profits here after such a fast move.

Another NFLX trade

2011-11-04T14:58:00.002-04:00

Just entered another short position in NFLX. I eliminated my mistake from earlier and let the stock roll over (fail at a level after hitting it) before I gpt in.

NFLX Trade Review

2011-11-04T14:44:00.002-04:00

Pros:

Great entry near double top on two day chart.

Nice, tight .20 stop

Appropriate profit target of 1pt.

Perfect exit after volume surge down.

Cons:

I made a mistake on adding to the position. I should have waited for more of a roll over, perhaps at 2:20 where it makes a minor high, then fails to hold it.

NFLX cover

2011-11-04T14:44:00.001-04:00

Boom. Covered NFLX short here for 1 point on 2 lots.

NFLX short (increased size)

2011-11-04T14:17:00.001-04:00

Added to NFLX short after the action went my way. Looking for a volume dump now.

NFLX short

2011-11-04T14:05:00.001-04:00

Shorting NFLX here.

My rational is the double top given the high yesterday. It will be really easy to find out if I’m wrong.

CECO long

2011-11-03T14:18:00.001-04:00

I got stopped out at 6.98. looks like I had the right idea, but I should have jumped back in, especially after that volume spike down, right before the rebound. I’ve notice a lot of mini trends reverse whenever there is a large dump in shares.

CECO long

2011-11-03T12:07:00.001-04:00

Adding into my position here, adjusted stop to 6.98

CECO Long

2011-11-03T11:55:00.001-04:00

Here is a possible base in CECO

Trying a long at 7.01 after the level established itself earlier.

2011-08-11T15:27:00.001-04:00

And stop out.

Going to analyze this later. I’m thinking I shouldnt have shorted this since it was against the trend and near HODs.

Trade Replay

2011-08-11T14:40:00.001-04:00

55 is the level I’m trading.

I tried one short at 55 with a stop at 55.10, but I got stopped out. I watched the action and got back in at 55.12 with a stop at 55.17

I’m waiting for the stock to drop below 55 and then pop back up to add to the position.

I need to internalize this pattern, under over under.

doubled up in the short at 55.99

Waiting for volume surge down, stop out, or a big winner(50cents probably)

2011 Goals

2011-04-30T12:52:00.000-04:00

It’s been a while since I’ve had a post that isn’t a chart, so here goes:

Real life has been knocking on my door for quite some time now and I’ve been prompted to focus on the big picture. After a lot of thought I’ve decided to go back to college to make myself more competitive for a legitimate prop trading position. I am 100% sure I want trading to be my career and there is no reason I shouldn’t be learning from the best instead of going about it on my own. I want to give myself the best odds for success, and prop firms have the best resources for that.

In order to accomplish this long term goal of mine, I need to go through some changes in my daily life starting this summer. I changed my major from Business Administration(finance concentration) to Mathematics to challenge myself. I used to think that since I was interested in trading, I’d be interested in business and finance. I was wrong, I hated it and it’s irrelevance destroyed my academic motivation. This time I around I have different expectations. I’m majoring in math because I’m genuinely interested regardless of it’s connection with trading. The fact that HFTs and algorithmic traders use math is just icing on the cake. I’m looking forward to pushing my limits.

I’ve enrolled fulltime in both summer sessions to make up for lost time. My days will be busy with studying and classes. It’s a little upsetting that I wont be able to trade as much but if I take classes now, I can free up more time during the fall to trader longer and more frequently. In the meantime I will still be reviewing the market after hours and posting trading levels for the upcoming session. I also plan on learning HTML, CSS, and basic video editing to revamp this website and use to for a teaching tool as well as a journal for my personal trades. I plan on returning to trading in September or October, when I’ve established a successful routine for classes.

I’m also saving up as much money as possible during the next couple of years in college. I’ve drastically decreased my living expenses by moving to a cheaper apartment. It’s also closer to campus and work so I’ll save money on gas. I can work less, and actually put away more money. I need to save up as much money as possible to cushion a possible unpaid internship or first year of work. I’d rather have the right door opening job than something that will pad the bank account.

To sum all of this up: during my time off from school I’ve learned that I need to make sacrifices in order to focus on the big picture, and work my ass off. It’s imperative that I lead a disciplined life because this is what needs to be done in order to become an elite performer and a successful trader.

If you’re a new reader, welcome and keep in touch. Feel free to ask me any questions @outlierdaytrading on twitter or ahabib2788@gmail.com

Trade Levels for Tuesday 4/26/11

2011-04-25T23:12:00.001-04:00

PANL

Whole dollar mark in PLCM

APKT

HOC

CREE

Trade Levels for Monday 4/25

2011-04-22T12:44:00.001-04:00

Doubled top in MAN. Usually a bearish signal for the days to come, but any move above the 69.5 level is a sign of strength.

76 level in APKT

61.8 level in COL

ALGN

GLNG

2011-04-20T04:14:00.001-04:00

NTES

CSTR

ESI

Trade Levels for MOnday 4/16/11

2011-04-16T11:40:00.001-04:00

LPS

TRW

SCO

UIS

2011-04-15T13:08:00.001-04:00

$LPS at a 3 day inflection point

Trade Levels for Thursday 4/14

2011-04-14T00:17:00.001-04:00

CYH

BSFT

HMIN

XME

ROSE

Trade Levels for Tuesday 4/12

2011-04-11T23:37:00.001-04:00

CNQ

GDX

LULU

CBE

FDX

LXK

Trade LEVELS for Monday 4/11

2011-04-09T13:26:00.001-04:00

IPGP

TPX

BAS

QSII

How to use trading levels post coming soon!

Trade Idea For Friday

2011-04-08T02:03:00.001-04:00

BEAV. Use these levels as inflection points tomorrow.

2011-04-07T14:06:00.001-04:00

Big Volume couldn’t break 56.8 level so I covered

2011-04-07T13:14:00.001-04:00

shorted $HOT off the 57 level

2011-04-07T12:39:00.001-04:00

38 Level is one to watch

2011-04-07T10:50:00.001-04:00

stopped out of SWKS

2011-04-07T10:41:00.001-04:00

2011-04-07T10:36:00.001-04:00

shorted SWKS, looking for a break through 27.5

2011-04-06T11:32:00.001-04:00

hit out of the stock when it went against me.

2011-04-06T10:43:00.001-04:00

doubled up in GD short

2011-04-06T10:39:00.001-04:00

shorted the pullback in GD

2011-04-06T10:03:00.001-04:00

Covered GD on the stall after the high volume drop

2011-04-06T09:43:00.001-04:00

doubled up into GD short

2011-04-06T09:41:00.001-04:00

shorted GD, just in case it can’t break the 74.85 resistance

Tomorrow’s Trade Ideas

2011-04-06T00:27:00.001-04:00

GD has been in play, visualizing a few different scenarios: Gap and crap below this level for a short. Or Gap and Pop above this level for a long. Hold above this level for a long, Hold below this level for a short

EW strong bounce at even dollar mark of 83. Returned to the trend at 83.70, these levels should be important tomorrow.

ARUN Couldn’t quite make it below 31.3 or make it above 32.00, Let’s see what happens tomorrow.

2011-04-05T13:39:00.001-04:00

Covered POT

2011-04-05T12:31:00.002-04:00

TZOO bounced right off of the level from last night’s post.

http://www.outlierdaytrading.com/2011/04/trade-ideas-for-tomorrow.html

2011-04-05T12:27:00.002-04:00

NDAQ held above the 27.50 level described in my post from last night: http://www.outlierdaytrading.com/2011/04/trade-ideas-for-tomorrow.html

2011-04-05T11:51:00.001-04:00

doubled up in POT short

2011-04-05T11:40:00.001-04:00

Went short at 61.5 level from yesterday

Trade Ideas For Tomorrow

2011-04-05T01:38:00.001-04:00

This level in NDAQ was broken near EOD, it should be interesting if it opens up near it. I would short if it holds underneath or long if it holds above.

TZOO has gone up over 100% in one month. I would use caution in shorting it until it shows stalling or weakness. Too much too fast, what do you think? One thing is true, there is a lot of potential downside in this stock.

POT 61.50 level is a strong one, if it gets above there should be decent upside.

2011-04-04T13:43:00.002-04:00

OVTI was definitely in play today. Good shorts off of this premarket level.

2011-03-14T13:31:00.001-04:00

bought and sold for a nice profit

2011-03-11T11:11:00.001-05:00

covered, nice trade

2011-03-11T10:51:00.001-05:00

short 200 TRH

2011-03-11T10:50:00.001-05:00

shorted and covered TRH, currently short from .71 and it’s stalling

2011-03-10T12:12:00.001-05:00

stopped out

2011-03-10T11:56:00.001-05:00

Incredible, got scared out of the one stock that did exactly what I thought it would do.

2011-03-10T11:53:00.001-05:00

almost exactly the same chain of events as yesterday. I short into a pullback, and then it bounces around my entry for hours. On the plus side, I’m learning patience.

2011-03-10T11:24:00.001-05:00

doubled up on the new 5 minute low, but it bounced right back up, let’s see what happens

2011-03-10T11:18:00.001-05:00

stopped out, reshorted here, if it breaks the .20 level, I’ll be looking to flip long instead

2011-03-10T11:08:00.001-05:00

covered around here, reshorted 200 shares

market is feels pretty heavy

2011-03-10T10:57:00.001-05:00

shorted HSP

2011-03-10T10:56:00.001-05:00

ugh there’s some new rule that severely fucks up shorting. It’s going to be a long month. Maybe this will make the longs better?

2011-03-10T10:52:00.001-05:00

longed HSP

2011-03-10T10:35:00.001-05:00

just sold 1/2 just in case it tanks, spread is getting pretty wide

2011-03-10T10:29:00.001-05:00

doubled up in ENP long

2011-02-09T11:38:00.001-05:00

Covered PTP

2011-02-09T11:23:00.001-05:00

another IDEAL trade. short after volume spike on new 5 minute low. added on second low. covered when volume dries up +nice profit

2011-02-09T11:20:00.001-05:00

covered AWH +110

2011-02-09T11:19:00.001-05:00

IDEAL trade, short 5 minute low after green spike, then add on 5 minute low after pull back. exit on volume spike.

2011-02-09T11:17:00.001-05:00

short PTP, 5 minute low after big green spike.

2011-02-09T11:16:00.001-05:00

sold PTP +170

2011-02-09T10:59:00.003-05:00

longed PTP

2011-02-09T10:59:00.001-05:00

stopped out SIAL

2011-02-09T10:57:00.001-05:00

added 400 shares to AWH

2011-02-09T10:56:00.001-05:00

added 400 shares to SIAL

2011-02-09T10:54:00.001-05:00

short SIAL, 5 minute low after volume spike

2011-02-09T10:53:00.001-05:00

out SIAL -50

2011-02-09T10:50:00.001-05:00

short 100 AWH

2011-02-09T10:49:00.001-05:00

added 400 shares to SIAL

2011-02-09T10:44:00.001-05:00

long 100 SIAL

Performance Assessment

2011-02-07T15:18:00.004-05:00

DTF posted a study that said that consistently profitable traders always do some sort of end of day analysis, so here goes. Today was a bust. My risk parameters were too wide. I trusted myself too much. Sometimes I forget that I’m just as prone to emotions as the next guy. No notepad either. I fixed it. I have entry rules, adding rules, and exit rules. I have risk management. I didn’t have control today. There’s always tomorrow. Except there isn't always tomorrow. I can do this. It’s going to be a lot of constant effort. I can’t just try in the beginning and go on cruise control. It has to be try hard now, and try harder every day without fail. I can do this

I will do this.

I have to do this.

MISTAKES: The bottom line is that I added before waiting for confirmation. One mistake can cost you a green day. LOOK at the QQQQs, constantly pushing upward. Look at bad news constantly pushing downward. Feel the momentum and get in the swing of things.

ENTER on 5 minute high or low. ADD on second 5 minute high or low. Tighten stop. EXIT on high volume pop or 1$.

this is a 4 step process, don’t fuck it up.

2011-01-03T10:59:00.001-05:00

stopped out of VMW

2011-01-03T10:54:00.001-05:00

short the candle change VMW

2011-01-03T10:53:00.001-05:00

stopped out ROK

2011-01-03T10:50:00.001-05:00

short ROK

2011-01-03T10:48:00.001-05:00

sold ROK

2011-01-03T10:46:00.001-05:00

covered NBL, good enough for me

2011-01-03T10:43:00.001-05:00

short NBL

2011-01-03T10:30:00.001-05:00

short RYN

2011-01-03T10:18:00.001-05:00

long ROK

2011-01-03T09:42:00.001-05:00

stopped out

2011-01-03T09:40:00.001-05:00

shorted BP

2010-12-31T11:32:00.001-05:00

covered on slowing momentum

2010-12-31T10:49:00.001-05:00

short SQMx2

2010-12-31T10:47:00.001-05:00

short SQM

2010-12-31T10:46:00.001-05:00

sold IPI

2010-12-31T10:32:00.001-05:00

long IPI

2010-12-31T10:31:00.001-05:00

Covered IMAX

2010-12-31T10:18:00.001-05:00

short IMAXx2

2010-12-31T10:04:00.001-05:00

short IMAX

2010-12-30T15:51:00.003-05:00

2010-12-30T15:51:00.001-05:00

2010-12-30T15:50:00.001-05:00

2010-12-30T14:12:00.001-05:00

2010-12-30T14:01:00.001-05:00

2010-12-30T13:55:00.001-05:00