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edgararakelyan

Edgar's Stock Market Trading Log

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update, sorry I really need to begin updating you guys real time or else this is just worthless, but I ended up covering at like 429 and then I bought until 439 and did some petty successful trades and currently i am short at 449 and will cover oince I get a chance which should be soon, aapl doesn't have the juice it seems to take this bounce any further.

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w2yYKXV.jpg

 

as you can see, aapl gapped up and created what would be resistance for aapl at 460 on a volume of 34 million. Aapl touched the resistance with its bounce because of the catalyst (samsung's s4) and still only reached a volume of 20 million and then immediately retracted and then today it attempted to touch the resistance but on 13.6 million so obviously aapl doesn't have the juice to let it through.

 

So currently im short at 449.7 and plan to exit at about at most 437/40. Should be a good trade unless some stupid catalyst comes along.

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here this pic shows more proof of the lack of volume for aapl's upside

 

DO37I0f.jpg

 

Aapl rose to the andrewchannel's resistance on 800k and then dropped immediately on 1.5 million and subsequently 1.1 million.

 

so I see aapl dropping to its support at 437

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quick update, i'm still holding my short in aapl and fortunately I had the balls to hold out this bounce and see through it. Aapl retested its support at 450 at about 12 million volume which seems like it will be enough volume to break through until support at 437-40 which is where I plan to cover unless it breaks through on over 19 million volume.

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I'm thinking the next target might be 448.

 

most likely not, reason being is that there are more sellers than buyers, aapl couldn't sustain its bounces and has no reason too. Currently odds are that aapl will go south.

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Current aapl suppport is at 385. Aapl hit that support with 100 million volume on weekly and then 21.7 million volume on the daily. This was enough volume to break through so expect for aapl to break through 385. Also more bearish analysis shows that the downtrend from the 700 high was reached but immediately fell back, here lemme show a pic.

 

JLnEyvH.jpg

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last friday I ended up shorting aapl at 412 with a stop at 415.5 and a limit at 408 mainly because it was 60/40 chance that my limit order would have been hit but instead I got stopped out and lost a small amount. Didn't worry much as it was a good opportunity because the resistance was so close so I just put a stop over the resistance and didn't risk much.

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I plan on shorting aapl tomorrow because it broke through the resistance on the 15 min chart on 800k volume which is clearly not enough, when that same resistance had been tested with 4 million volume and 3 mill volume and would not budge.

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    • "without bearing any loss?"  That's a really tough question n meat.  Are you serious?! "without bearing any loss" - hm?  Can you think of any trade or investment that is completely risk free?  Can you think of any trade or investment that is completely loss free? I've seen even routine, highly reliable ( at the time ) arb's lose money try this - go to japan , borrow 10 billion yen, leave 'japan', go to _________, never make the first payment on principle or interest ... whoops- that has risks too.  try this - start your own bank... whoops that has risks too.  try this - start your own digital cash.  If you play it right, all you risk is your time on the computer and your connectivity costs   ... if you really need to avoid loss, stay away from trading - period! ... bcse you are going to have 'ANY' loss in trading. Better to embrace loss.  Both intra personally and in terms of your capital, make each loss the best, minimum/optimum, loss it can be ...     PS Stick around some helpful soul will tell n meat to get on sim and practice until ... I'll take bets right now it won't work for n meat   PS when is the next Lab meeting?  I have an agenda item to add... TL needs to order new GM mice from a different vendor
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