Trade recap for November 3rd

I haven’t been trading a whole bunch as I have been working on my blog and my new DVD. You have only three days to purchase my DVD on reading SEC filings if you wish to receive free access to the follow-up webinar. It is only $397 (you save $100 off its normal price by pre-ordering it).

BORROW    500    ZZ    false    SBL ZZ    0.68    USD    AQS    09:04:35    SBLPage    0.00    Yes
+    BOT    1,000    ENMD    false    Stock (SCM)    .885    USD    SMART    11:02:46        4.42
+    SLD    1,000    ENMD    false    Stock (SCM)    .862    USD    SMART    13:27:27        4.31
+    BOT    8,979    COT    false    Stock    8.654    USD    ARCA    14:56:10        44.90
+    BOT    10,000    COT    false    Stock    8.697    USD    BATS    14:56:15        50.00
+    SLD    6,412    COT    false    Stock    8.758    USD    NYSE    14:58:49        32.06
+    SLD    3,567    COT    false    Stock    8.750    USD    SMART    14:59:32        17.84
+    SLD    5,724    COT    false    Stock    8.740    USD    BATS    15:00:00        28.62
+    SLD    276    COT    false    Stock    8.720    USD    ISLAND    15:00:45        1.38
+    SLD    3,000    COT    false    Stock    8.700    USD    SMART    15:00:53        15.00

Daily profit: $1005.84

Disclosure: No positions in any stocks mentioned in this post. I have a disclosure policy and you can find all my disclaimers there as well; those disclosure & disclaimers are incorporated by reference into this post.

0 thoughts on “Trade recap for November 3rd”

  1. 5 seconds faster than my execution 🙂

    BOT 3,000 COT Stock 8.670 USD ARCA 11:56:15 15.00
    BOT 3,000 COT Stock 8.710 USD SMART 11:56:15 15.00
    BOT 3,000 COT Stock 8.800 USD ISLAND 11:57:01 15.00

  2. Wow, you guys make me feel like a coward: my first idea was to buy 3000 shares of COT but then I doubted and only went for 1000 shares… 🙂

    1. I think I should clarify right away that my comment is a joke on Reaper’s name and the actual buyer. Else someone here might really go and buy that stock.

  3. qb, don’t feel bad, I only bought 600 and sold very quickly for only a 65 dollar profit.
    Truth is I’m very happy with that because it’s the lesson that’s important at this stage for me.

  4. Curious on this type of play (COT) how do you determine your position size? It may just be my bad memory, but I don’t remember you going in this heavy on plays with this particular “catalyst” in the past.

  5. I am also curious about the large position sizes. My guess is that its a NYSE issue, thus high liquidity, tight spread, and low risk for *weird things* to happen and also its in a straightforward consolidation pattern – pattern break down is easy to determine and the exit close by, therefore risk is low.

    and maybe people just trust Tim…

    p.s. I went long 250 shares when this went red/green around 11:05 PT. not a stroke of brilliance, probably an idle trade, but I feel pretty good being the fastest of all 😀

  6. I sold my position as soon as I saw that it was not going to explode like other timalert picks (it did went up nicely after I sold… my luck).

    I am happy with my trade, only a small profit but I don’t have to worry about:
    1. my broker not allowing me to trade pre-market / after-hours
    2. praying for that PR to show up… or not.

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