8/19/2009 post close update

• NQ appears to have made a nice recovery from the -1.00% opening gap, closing up about 0.50%
• the discretionary NQU09 swing trade is now essentially flat...
• still looking to sell the NQU09 at 1607.50, 1617.50, 1627.50...the orders are on my brokers book, and could be hit overnight if the NQU09 trades up there...
• if any of these orders are hit, i am not sure where and when i may re-enter the NQU09...
• the 'BTD Index' systemic swing trade is up about 2%...an exit signal has not been generated for this model yet...if the NDX closes about 0.30% or more above today's close, then a 'BTD Index' exit signal will be generated for tomorrow's close...
• no systemic swing trade entry signals were generated for today's close...
• between yesterday and today, i remodeled six of my systemic swing trading models...in addition to the 30 models i am currently trading, there are about a half dozen that are on the suspension list...these will be remodeled as well...
• this process takes a lot of time...i figure i can do about 3/day...with some focus and hard work, i should finish this by labor day...
• did some daytrades this am (and yesterday am) in my vcm daytrading account...flat for the two days...
• need to filter out more of the setups that get discussed in the vcm chat room (DOW, HPQ) and just enter the ones that make sense to me (NVDA...great trade idea from the room, but i scalped it instead of R it and left a lot on the table)...
• my scalp trades tended to work out well (ERTS, ANN)...
• my R based trades netted out flat (HURN + 1R, LANC -1R)...
• very happy with how i entered, exited, position sized and managed the HURN trade...i should look to this trade as a model of how i should R trade...
• in the IRA and custodial accounts, the FAS was flat today...exit orders are still on the book at the same levels mentioned in earlier posts...

Disclosure: Long NQU09, long FAS.

***remember this is an illustration of what i am trading and my thinking...my trading plan may change without notice...this is not a recommendation for you or anyone else, to buy or sell this or any other security...***