TWM Trade Complete

After I got in on TWM I raised my stop to 70.90 and left do something and started thinking about why my ordered took so long to get filled. I realized that it had to of been the post market news and decline yesterday about wachovia or something. I'm sure people got freaked and put in market orders to sell at the open of today. At the same time people were putting in buy orders for TWM. Once the market opened everything was getting filled at once and would explain why it took 15 minutes for me to get filled. Once the orders got filled we started rallying back up. Today will probably be flat for the most part maybe even a close higher than the open but I could be wrong.

 

I got out TWM when I got back and realized I was in a bad trade and sold before it hit my stop. Which I'm glad I did because I would of gotten stopped out anyway so I saved my self some moola.

 

15 Minutes to Fill an Order

Oh man, I can't believe this, hah! It took Zecco 15 minutes to fill a buy order for TWM. A Short fund that I like to buy when I want to short the market. I wanted to get right at the open as I saw nothing but huge amounts of stock being distributed in big volume. I wanted to get in at 71-71.20 but got filled at 71.56 Stop point is at 70.50

 

I'll be scaling out at 2% gain increments. When I hit my first 2% I'll move my stop to break even.

 

I'll post the chart when the trade ends.

TWM- Stupid Rally

Went short a little late but I thought the sell off had more juice in it to keep going. Got in on TWM at 71.19 just under resistance but it was looking good. It shot through resistance and turned it into support which was a good sign. It had one more last leg up and peaked and I thought I should unload some shares at this point but I didn't (I was waiting for a 3% gain to unload instead of a 2%, a little aggressive). I was stopped out at 70.40

 

I held on as it was going neutral. I did notice something that told me I should sell. TWM was on a downtrend but was holding support. A clear sign that a breakdown is in the works. What made me hold on was that I heard a tid bit on CNBC and some guy thought we'd be going lower before the close. That's the only thing that kept me in. If I hadn't heard that there's a pretty good chance I would of got out. CNBC is killin me. I like watching it because it's entertaining and I never do what they talk about unless it's the opposite. But this time it just got stuck in my head and bounced around and I wouldn't sell because of that.

 

Got out of TWM, Finally

My little fiasco on Friday got me a little worried. I couldn't get out of stock due to some crappy over protection laws by SEC. Anyway, I got out of TWM this morning at 62.20, 20 cents above my initial stop loss point so I'm happy about that. This is the intra day chart for this morning so far. The chart for TWM on Friday should be a couple posts down under General Update.

 

Tiny TWM Trade and the QQQQ Channel

Made a very small trade this morning, haha. Got in on TWM at 64.02 and got out at 64.39 As I'm writing this TWM seem so be rallying up higher than my exit point. Which is cool, I'm glad there's people out there making money. In retrospect, yeah, I should of held on but I'm happy with what I did.

 

Basically rode a wave down in the channel that the market is in. Buy low sell high. It's kind of easy now considering we haven't broken the high or low channel lines for a couple weeks now.

 

Below is an intra day chart of the QQQQ's. It's in 3 minute increments over a 10 day period I believe. We can see by the red and green lines that we're stuck in this tight channel. Buy low sell High would apply at this moment for active traders. Investors, I don't know, I don't know how to invest so I don't know what to tell you, haha.

 

 

Below is a chart of my TWM trade, my tiny, TWM trade, haha. Entry and exit points are in green and red arrows.

Sold TWM- Break Even

I basically liquidated my portfolio this morning. I noticed that CHNG and WIND kept falling and falling right at the open like a lot of stocks and I didn't know why they weren't being sold (stop orders). I go to my orders section to double check what prices I set for them and my orders aren't in even que! I put in Day Orders and not GTC. I was so pissed so I sold both CHNG and WIND because I didn't want to lose any more money than necessary.

 

I then put my focus on what I had left, TWM. It's a short fund. Since I can't officially short stocks I buy short funds to make it work. I was more patient with this one. I sat back and watched the action. I compared TWM with the QQQQ's, watched the volatility index, watched all the market indexes, watched the other short funds. I sold because all the market indexes were basically just under break even point, volatility made a new high but quickly cut itself in half, volume was picking up on the QQQQ's so I got out of TWM at 67.54 roughly a 4% gain. But the gain I had on TWM basically offset the losses I had on CHNG and WIND. Back to square one.

 

Green arrow shows my entry on Friday and Red arrow shows when I got out early this morning.

 

Bought TWM

I turned on CNBC this morning to see what was going on and why the market is down big. First thing I heard was talk about a recession. I immediately came over to my PC and put in an order to buy TWM. It's an Ultra Short Fund I've been following and wanted to buy it a few days ago because I had a feeling something like this might happened but I never bought it. Well, today gave me an obvious good reason to get in. Basically playing on the fear of the market and also hedging out my portfolio.

 

The arrow shows my point of entry. Got in at 64.78 with a stop at 62.50 which I might raise on Monday and buy more shares, depending on how things play out. If we rally to the upside it's showing we're in a strong situation but if it continues to decline the overall public could be losing confidence in the situation. It'll be interesting to see how things play out.