Seeking Alpha
  • westcoastinvests
    Long INTC 21.66,stop 21.58
    10/18/12
    Reply (36)
    • Master Che: must trade above 21.70 - if not get out - could bounce up to 22.12
      10/18/12
    • Ashraf Eassa: good luck westcoastsinvests. I think you'll make out all right here.
      10/18/12
    • westcoastinvests: The stop is for getting out
      10/18/12
    • Justin M. Hall: Not a bad idea at this level, WCIM.OB. We discussed INTC on my site last night. Just to be safe, you might lower your stop to $21.25.
      10/18/12
    • Justin M. Hall: Hate to see you get stopped out early. I do think there may be limited upside with INTC. I'd look to exit at/near $25 -ish.
      10/18/12
    • Master Che: failing to trade above 21.70 then down to 21.24 and expect a bounce
      10/18/12
    • westcoastinvests: Justin, its a trade. a stop down at 21.25 makes no sense with my strategy, nothing wrong with losing on a tight stop.
      10/18/12
    • Master Che: I would already move the stop up (62)..clearly above 78 - then to break even - good luck
      10/18/12
    • westcoastinvests: Stop up to .69 and filled when GOOGwent crazy time to get out and reassess
      10/18/12
    • westcoastinvests: Had planned on staying long most of the day but when unplanned events like early GOOG release occur I scrap current plans
      10/18/12
    • Justin M. Hall: My bad WCIM.OB. Just sharing my take since we discussed it last night. From here forward, I will do a better job at keeping my distance. Best.
      10/18/12
    • Master Che: excellent trading - sometimes a great trade doesn't show up in the profit
      10/18/12
    • Justin M. Hall: Then what's the flippin' point of trading at all?
      10/18/12
    • westcoastinvests: Justin , the point of trading is making a profit, but each trade can never be a winner,about putting yourself in best odds possible
      10/18/12
    • Master Che: The trade is still alive - meaning its holding 70..should bounce - justin .- it is a swing trade - not long term
      10/18/12
    • westcoastinvests: "every trade" not "each"
      10/18/12
    • Justin M. Hall: I realize that. I was only offering my take on INTC. That's all. I won't chime in again. Good luck.
      10/18/12
    • westcoastinvests: going for the greedy flip here for last trade of day, short at .74 stop at .81, see if GOOG event changes the day if not likely to lose here
      10/18/12
    • Master Che: Justin - why so emotional - just talking
      10/18/12
    • westcoastinvests: Justin no hard feelings, I have no problem with peoples thoughts on trades.
      10/18/12
    • westcoastinvests: Stop down to .77, INTC not showing the weakness of indexes
      10/18/12
    • westcoastinvests: bumped to .78 seems worth the penny
      10/18/12
    • westcoastinvests: down to.76 with stop,can't make INTC drop, sure would be easier if I could.
      10/18/12
    • Master Che: well no question about it - it bounces up to 21.12- which is a pullback level, but it has developed a larger bottom pattern
      10/18/12
    • Master Che: up to 23.00 - which makes sense thats the key resistance level - well time to to close my short
      10/18/12
    • westcoastinvests: It has based better today and yesterday then I expected this short will be last trade today and then figure out if I like anything tomorrow
      10/18/12
    • Master Che: Been short since the middle of August - time to take profit - its looking strong since the GOOG news -
      10/18/12
    • westcoastinvests: It is hanging in pretty well, stop down to .71
      10/18/12
    • westcoastinvests: screw it covered at .67 not sure where rest of market ends but INTC is suddenly the strongest name I see
      10/18/12
    • westcoastinvests: feeling too impatient time to call it a day
      10/18/12
    • Master Che: don't know you're impatient - you're doing an excellent job of trading - its not always in the profit column (excellent trades)
      10/18/12
    • Master Che: if it doesn't take out 64/65 - I'm closing my short and buying the bounce
      10/18/12
    • westcoastinvests: No I don't feel impatient about my exit, just think I would be impatient to take on another trade too quickly,I have made 4 trades today
      10/18/12
    • westcoastinvests: I try to limit myself at around 4 so that I am patient enough to wait for entries that have setups I like.
      10/18/12
    • Master Che: good strategy - if it takes out 65 I hold on to my short because it means straight down 21.34 -and it will bounce at this level
      10/18/12
    • Boatyzaffa: Great conversation Master Che and westcoast... I agree and believe money management is the true key to successful trading
      10/25/12