Welcome to Stock Wise-Week #12-09/21/09-09/25/09

I believe that greatness is measured by small gains. I am an equities trader. My trading goal is to achieve one to two percent per week I have a sixty one percent success rate. My average return on investment is .50% per $100,000.00. I have no problem going short or long; however since stocks tend to go down faster then they go up most of my trades will be bearish. I am a technical trader. I only trade one to maybe four major chart patterns. These patterns occur on a regular basis. Most trades are only held for one day. Sometimes I will hold the position overnight. The reason for holding the position overnight is because I sometimes take advantage of the gap that happens in after hours trading.


Each week I will post at least one trade. I will post the chart and my recommended action via long or short before the next days open. I will also post the results of that trade along with a running total of my gains and losses. I know that posting one trade a week is very hard, but it takes discipline to accept your winnings and live with your losses. It takes a lot work to set up one trade for the week. I start my set up for the week on Friday and finish just before the market opens on Monday most weeks. I have other trades that I put on, and I keep a traders log for everything I do. These are available for those who are serious about working together in this very lucrative business of stock trading.

We feature real time quotes, and videos and streaming financial news.

Real time data for entries and exits: My E*TRADE Account.
Brokers Fee: $9.95

Starting Balance: $100,000.00

This weeks starting
Balance: $120,503.00
This week’s goal
Amount: $121,708.00

This weeks ending

Balance: $121,833.00

Trade Week: #12
Current Balance: $121,833
Trade date: Monday 09/21/09
Trade #03 of week #12
Amount traded Approx: $60,000.00
Reason for the amount: The Blog.

Session Stats

SYMBOL: ETFC

COMMENT: Know Stock

STOP LOSS: EOM

ENTRY POINT: $1.82

EXIT POINT: $1.81

ACCOUNT VALUE: $121,833.00

REASON FOR ENTRY: EOM

ORDER TYPE: Limit

Successful trade: Y

Bullish trade:

Bearish trade: Y

Loss: $

Profit: $322.00

% Gain: 0.6

% Loss

Shares Traded: 33,288

REASON FOR EXIT: EOM
_______________________________
Trade Week: #12

Current Balance: $121,510.00
Trade #02 of week #12
Amount traded Approx: $60,000.00
Reason for the amount: Protect the Blog.

Session Stats

SYMBOL: IGT

COMMENT:

STOP LOSS: EOM

ENTRY POINT: $21.66

EXIT POINT: $21.79

ACCOUNT VALUE: $121,510.00

REASON FOR ENTRY: EOM

ORDER TYPE: Limit

Successful trade: Y

Bullish trade: Y

Bearish trade:

Loss: $

Profit: $351.00

% Gain: 0.6

% Loss

Shares Traded: 2,780

REASON FOR EXIT: MKT. CHG’S
_____________________________
Trade #01 of week #12
Amount traded Approx: $60,250.00
Reason for the amount: Protecting the blog amount.

Session Stats

SYMBOL: ETFC

COMMENT: This is a know stock.

STOP LOSS: EOM

ENTRY POINT: $1.81

EXIT POINT: $1.83

ACCOUNT VALUE: $121,159

REASON FOR ENTRY: Eyes On Market.

ORDER TYPE: Limit

Successful trade: Y

Bullish trade: Y

Bearish trade:

Loss: $

Profit: $655.00

% Gain: 1.1

% Loss

Shares Traded: 33,288

REASON FOR EXIT: Profit taking.

Was weekly goal reached? YES!