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Robert Weinstein
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Follow me on https://twitter.com/#!/RobertWeinstein Owner of 1 Reason Insurance, a full-line insurance agency licensed in Wisconsin and Minnesota, and 1 Reason Real Estate, licensed in Wisconsin. http;//1reason.com Let's connect on Linkedin http://www.linkedin.com/pub/robert-weinstein/12/129/651... More
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Robert Weinstein Trading Blog
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  • Trading Results 8/1/11

    Wow, another month gone and back to school items on the kitchen table.  I sure like spring better than fall, but fall is not bad.  It is the cold Wisconsin winters that I can do without.

    I really wanted to go long the market on Friday.  It seemed like a no brainer, and I talked about it briefly in the chat. In the end, while looking at the spoos near the end of the late session on Friday I decided that political risk or carrying over the weekend outweighed my thoughts (and not much more than that) that the deal would get done and the dumb money would rush in to buy.  Classic buy the rumor and sell the fact, and so I shorted the spoos shortly after the open.  Little did I know how far they would go.  I did manage to grab in the end with about  six or seven trades in total, about 9 points per contract today.

    I did get a signal for AGP at the end of the day which I passed on.  I am watching COCO and will likely enter into another long via selling $4 puts with an exp month yet to be determined.  That was about it for the day.  I worked a lot of my research of stocks and stated another book (I love to read).  Well, at least I love to read some stuff.

    All in all a very productive day and I am looking forward to getting more sleep after earnings season is over.

    Aug 01 11:08 PM | Link | Comment!
  • Trades I Will Be Looking To Make July 5th 2011

    Friday was the first day I published ahead of time stocks that I would trade if certain criteria were met.  It's late night after boating and watching fireworks with good friends so this is going to be a little quick.  Friday I was three out of three which I do not expect to keep up as the win rate is only about 85% which means of course some will be losers. Also some will not qualify but here is the list non the less.  These are trades that I will likely do but am not suggesting anyone else trade based on the limited information I am providing.

    APA if opens below 123 I will look to buy it at 117 or better with a stop at 114.85

    RYAAY if opens between 29.25-29.70 short it at 29.70 or better

    Ms

    OSG can have July 25 puts shorted for premium collection depending on the IV of the options

    ADTN if opens at 39 or higher will be looking to sell July or later 40 calls and or buying 40 puts for a net short

    WAG, LRY, VNO LLTC are all short possibilities.  I will either post the actual entries in the blog or in the chat tomorrow as it is getting late

    OI SMG SKT STT BA are all short possibilities but not likely to setup on tomorrow.

    Jul 05 1:53 AM | Link | Comment!
  • Robert's Trading 7-1-11

    While not expecting a whole lot on a holiday weekend Friday I did get a few trades done and my new WW signal gave me three for three.  ADBE came back and I stopped out and then went back higher to make new highs.  That was a tough call to make because I didn't want to allow a winner to turn into a loser, yet the stoploss had not actually moved.  Oh well, I can live with the lower stress level of just stopping out with a small gain for now and work on it moving forward.

    BK was another long trade based on the WW signal and I exited a little early to focus on option expirations.  This turned into a limiting factor that cost me about seven cents in gains. I don't trust IB's automatic stoploss software as I have seen it fail too many times.  JDSU was also cut about an hour short as well.  I did receive most of the gains so it is all good.

    YOKU was my biggest trading stock today in terms of gains.  They all came small with 5-10 cents per trade as I faded the moves above resistance. It will be interesting what type of value the market gives this stock going forward.  I like shorting it but obviously it does know how to make strong upward moves when dropped from high enough of a window.

    I am currently short SODA 70 July calls.  The IV is high enough that even without a price move I may be able to exit after the first hour Monday when premium falls.

    AAPL puts + 23

    BK + .41

    DRI +.09

    HSP + .08

    JDSU + .26

    NFLX two sets of puts.  dumb trade of the day - 159

    SODA short calls + 39 and still short

    amounts are per share except for options.  It was a positive day to cap off a positive week.  I would have to check but unless Monday was a down day I think all days this week flashed green and I made above my weekly goal.  Even HPQ came me some love at the end of the week and while I am still underwater I like the idea of owning the shares more and more.

    I just finished a book called DeMark Indicators by Perl.  Very good book for those that want to learn more about DeMark and for those that know, Perl provides his entries and exits to give another viewpoint.  I will be writing up a review of it shortly.

    I will be coming back with my signals for Monday if there are any to trade.  Just a quick look at the grid makes it look like it may be slim pickings Monday.

    Happy fourth of July and stay safe.

    Jul 01 5:18 PM | Link | Comment!
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