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!
Monday, September 21, 2009
Monday, September 14, 2009
Welcome to Stock Wise-Week #11-09/14/09-09/18/09
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: $118,577.00
This week’s goal
Amount:
ENDING BALANCE: $120,503.00
Trade Week: #11
Current Balance: $118.00
Trade date: Monday 09/15/09
Trade #01 of week #11
Amount traded Approx: $119,203.00
Reason for the amount: Known stocks
Session Stats
SYMBOL: S
COMMENT: I follow this stock every day.
STOP LOSS: EOM
ENTRY POINT: $4.71
EXIT POINT: $4.69
ACCOUNT VALE: $119,203.00
REASON FOR ENTRY: MKT. COND.
ORDER TYPE: Limit
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $626.00
% Gain: 0.5
% Loss
Shares Traded: 31,808
______________________________________________________
Trade Week: #11
Current Balance: $120,503.00
Trade date: Monday 09/14/09
Trade #02 of week #11
Amount traded Approx: $119,000.00
Reason for the amount: Known Stock.
SYMBOL: ETFC
COMMENT: I follow this stock everyday
STOP LOSS: EOM
ENTRY POINT: $1.82
EXIT POINT: $1.80
ACCOUNT VALUE: $120,503.00
REASON FOR ENTRY:
ORDER TYPE: LIMIT
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $1,299.00
% Gain: 1.1
% Loss
Shares Traded: 65,496
REASON FOR EXIT: MKT. CHG’S
Was weekly goal reached? YES!
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: $118,577.00
This week’s goal
Amount:
ENDING BALANCE: $120,503.00
Trade Week: #11
Current Balance: $118.00
Trade date: Monday 09/15/09
Trade #01 of week #11
Amount traded Approx: $119,203.00
Reason for the amount: Known stocks
Session Stats
SYMBOL: S
COMMENT: I follow this stock every day.
STOP LOSS: EOM
ENTRY POINT: $4.71
EXIT POINT: $4.69
ACCOUNT VALE: $119,203.00
REASON FOR ENTRY: MKT. COND.
ORDER TYPE: Limit
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $626.00
% Gain: 0.5
% Loss
Shares Traded: 31,808
______________________________________________________
Trade Week: #11
Current Balance: $120,503.00
Trade date: Monday 09/14/09
Trade #02 of week #11
Amount traded Approx: $119,000.00
Reason for the amount: Known Stock.
SYMBOL: ETFC
COMMENT: I follow this stock everyday
STOP LOSS: EOM
ENTRY POINT: $1.82
EXIT POINT: $1.80
ACCOUNT VALUE: $120,503.00
REASON FOR ENTRY:
ORDER TYPE: LIMIT
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $1,299.00
% Gain: 1.1
% Loss
Shares Traded: 65,496
REASON FOR EXIT: MKT. CHG’S
Was weekly goal reached? YES!
Tuesday, September 8, 2009
Welcome to Stock Wise-Week #10-09/07/09--09/11/09
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: $116,461.00
This week’s goal Amount: $117,465.00
Trade Week: #10
Current Balance: $117,946.00
Trade date: Monday 09/08/09
Trade #05 of week #10
Amount traded Approx: $115,000.00
Reason for the amount: This is a known Stock that I follow everyday. I feel safe trading this amount and the risk is not to much.
Trade date: Monday 09/08/09
Current Balance: $117,946.00
Trade #06 of week #10
Amount traded Approx: $115,000.00
Reason for the amount: Known Stock
Session Stats
SYMBOL: S
COMMENT:
STOP LOSS: EOM
ENTRY POINT: $3.71
EXIT POINT: $3.69
ACCOUNT VALE: $118,311.00
REASON FOR ENTRY:Known Stock
MKT. COND.
ORDER TYPE: LIMIT
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $365.00
% Gain: 0.4
% Loss
Shares Traded: 18,780
REASON FOR EXIT: MKT. CHG's.
___________________________________
Session Stats
SYMBOL: S
COMMENT:
STOP LOSS: EOM
ENTRY POINT: $3.68
EXIT POINT: $3.70
ACCOUNT VALE: $117,945.00
REASON FOR ENTRY: MKT. Moved Down.
ORDER TYPE: Limit
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $612.00
% Gain: 0.5
% Loss
Shares Traded: 31,125
REASON FOR EXIT: MKT. CHG.
_________________
Trade Week: #10
Current Balance: $117,332.00
Trade date: Monday 09/08/09
Trade #04 of week #10
Amount traded Approx: $115,000.00
Reason for the amount: This is a known stock.
Session Stats
SYMBOL: S
COMMENT: This is a known stock. I follow it everyday.
STOP LOSS: EOM
ENTRY POINT: $3.75
EXIT POINT: $3.73
ACCOUNT VALE: $117,332.00
REASON FOR ENTRY: MKT. Started moving down.
ORDER TYPE: Limit
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $613.00
% Gain: 0.5
% Loss
Shares Traded: 31,125
REASON FOR EXIT: MKT. CHG. Direction.
____________
Trade Week: #10
Current weeks,
Balance: $116,719.00
Trade date: Monday 09/08/09
Trade #03 of week #10
Amount traded Approx: $58,000
Reason for the amount: Due to the rules of my blog, I need to save cash in case I have to take a loss.
Session Stats
SYMBOL: ZSL
COMMENT: This was a chart I charted but I did not write it down.
STOP LOSS: EOM
ENTRY POINT: $5.53
EXIT POINT: $5.56
ACCOUNT VALE: $116,719.00
REASON FOR ENTRY: I thought it would go down. The price is back at where I got in, but I could not take a chance so I got out before I had a loss for the day.
ORDER TYPE: MKT
Successful trade: N
Bullish trade:
Bearish trade: Y
Loss: $321.00
Profit: $
% Gain:
% Loss: 0.8
Shares Traded: 10,400
REASON FOR EXIT: MKT. turned around.
Trade date: Monday 09/08/09
Trade #02 of week #10
Amount traded Approx: $115,000.00
Reason for the amount: This is a known stock. I went all in so to speak.
Session Stats
SYMBOL: S
COMMENT: This is a know stock.
STOP LOSS: EOM
ENTRY POINT: $3.86
EXIT POINT: $3.84
ACCOUNT VALE: $117,041.00
REASON FOR ENTRY: EOM (eyes on market)
ORDER TYPE: Limit
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $590.00
% Gain: 0.5
% Loss
Shares Traded: 30,000
REASON FOR EXIT: Market changes direction
This week’s goal
Amount: $117,465.00
Trade Week: #10
Trade date: Tuesday 09/08/09
Trade #01 of week #10
Current ballance: $116,455.00
Amount traded Approx: $58,812.00
Reason for the amount: Due to the rules of my blog, I need to save cash in case I have to take a loss.
Analyses Steps:
N/A
Session Stats
SYMBOL: S
COMMENT: This is a stock I follow everyday.
STOP LOSS: EOM
ENTRY POINT: $3.85
EXIT POINT: $3.85
ACCOUNT VALE: $116,451.00
REASON FOR ENTRY: EOM
ORDER TYPE: MKT
Successful trade: N
Bullish trade: Y
Bearish trade:
Loss: $9.00
Profit: $
% Gain: 0.0
% Loss
Shares Traded: 30,000
REASON FOR EXIT: Market Changes direction.
Was weekly goal reached? YES!
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: $116,461.00
This week’s goal Amount: $117,465.00
Trade Week: #10
Current Balance: $117,946.00
Trade date: Monday 09/08/09
Trade #05 of week #10
Amount traded Approx: $115,000.00
Reason for the amount: This is a known Stock that I follow everyday. I feel safe trading this amount and the risk is not to much.
Trade date: Monday 09/08/09
Current Balance: $117,946.00
Trade #06 of week #10
Amount traded Approx: $115,000.00
Reason for the amount: Known Stock
Session Stats
SYMBOL: S
COMMENT:
STOP LOSS: EOM
ENTRY POINT: $3.71
EXIT POINT: $3.69
ACCOUNT VALE: $118,311.00
REASON FOR ENTRY:Known Stock
MKT. COND.
ORDER TYPE: LIMIT
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $365.00
% Gain: 0.4
% Loss
Shares Traded: 18,780
REASON FOR EXIT: MKT. CHG's.
___________________________________
Session Stats
SYMBOL: S
COMMENT:
STOP LOSS: EOM
ENTRY POINT: $3.68
EXIT POINT: $3.70
ACCOUNT VALE: $117,945.00
REASON FOR ENTRY: MKT. Moved Down.
ORDER TYPE: Limit
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $612.00
% Gain: 0.5
% Loss
Shares Traded: 31,125
REASON FOR EXIT: MKT. CHG.
_________________
Trade Week: #10
Current Balance: $117,332.00
Trade date: Monday 09/08/09
Trade #04 of week #10
Amount traded Approx: $115,000.00
Reason for the amount: This is a known stock.
Session Stats
SYMBOL: S
COMMENT: This is a known stock. I follow it everyday.
STOP LOSS: EOM
ENTRY POINT: $3.75
EXIT POINT: $3.73
ACCOUNT VALE: $117,332.00
REASON FOR ENTRY: MKT. Started moving down.
ORDER TYPE: Limit
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $613.00
% Gain: 0.5
% Loss
Shares Traded: 31,125
REASON FOR EXIT: MKT. CHG. Direction.
____________
Trade Week: #10
Current weeks,
Balance: $116,719.00
Trade date: Monday 09/08/09
Trade #03 of week #10
Amount traded Approx: $58,000
Reason for the amount: Due to the rules of my blog, I need to save cash in case I have to take a loss.
Session Stats
SYMBOL: ZSL
COMMENT: This was a chart I charted but I did not write it down.
STOP LOSS: EOM
ENTRY POINT: $5.53
EXIT POINT: $5.56
ACCOUNT VALE: $116,719.00
REASON FOR ENTRY: I thought it would go down. The price is back at where I got in, but I could not take a chance so I got out before I had a loss for the day.
ORDER TYPE: MKT
Successful trade: N
Bullish trade:
Bearish trade: Y
Loss: $321.00
Profit: $
% Gain:
% Loss: 0.8
Shares Traded: 10,400
REASON FOR EXIT: MKT. turned around.
Trade date: Monday 09/08/09
Trade #02 of week #10
Amount traded Approx: $115,000.00
Reason for the amount: This is a known stock. I went all in so to speak.
Session Stats
SYMBOL: S
COMMENT: This is a know stock.
STOP LOSS: EOM
ENTRY POINT: $3.86
EXIT POINT: $3.84
ACCOUNT VALE: $117,041.00
REASON FOR ENTRY: EOM (eyes on market)
ORDER TYPE: Limit
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $590.00
% Gain: 0.5
% Loss
Shares Traded: 30,000
REASON FOR EXIT: Market changes direction
This week’s goal
Amount: $117,465.00
Trade Week: #10
Trade date: Tuesday 09/08/09
Trade #01 of week #10
Current ballance: $116,455.00
Amount traded Approx: $58,812.00
Reason for the amount: Due to the rules of my blog, I need to save cash in case I have to take a loss.
Analyses Steps:
N/A
Session Stats
SYMBOL: S
COMMENT: This is a stock I follow everyday.
STOP LOSS: EOM
ENTRY POINT: $3.85
EXIT POINT: $3.85
ACCOUNT VALE: $116,451.00
REASON FOR ENTRY: EOM
ORDER TYPE: MKT
Successful trade: N
Bullish trade: Y
Bearish trade:
Loss: $9.00
Profit: $
% Gain: 0.0
% Loss
Shares Traded: 30,000
REASON FOR EXIT: Market Changes direction.
Was weekly goal reached? YES!
Sunday, August 30, 2009
Welcome to Stock Wise-Week #09-08/31/09-09/04/09
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
Week starting
balance: $114.193.00
Current
balance: $116,461.00
This week’s goal
Amount: $115,349.93
Trade Week: #09
Current Balance: $116,461.00
Trade date: Monday 08/23/09
Trade #03 of week #09
Amount traded Approx: $87,648.00
Reason for the amount: Due to the rules of my blog, I need to save cash in case I have to take a loss.
Session Stats
SYMBOL: ETFC
COMMENT: This is a stock I follow everyday.
STOP LOSS: EOM
ENTRY POINT: $1.47
EXIT POINT: $1.45
ACCOUNT VALE: $116,461.00
REASON FOR ENTRY: EOM
ORDER TYPE: Limit
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $1,182.00
% Gain: 1.4
% Loss
Shares Traded: 59,625
REASON FOR EXIT: Profit for the Blog.
Trade Week: #09
Current Balance: $115,278.00
Trade date: Monday 08/31/09
Trade #02 of week #09
Amount traded Approx: $85,756
Session Stats
SYMBOL: S
COMMENT: This is a stock I track everyday so I used 85%
STOP LOSS: EOM
ENTRY POINT: $3.71
EXIT POINT: $3.67
ACCOUNT VALE: $114,816
REASON FOR ENTRY: Market was moving down.
ORDER TYPE: MKT.
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $914.00
% Gain: 1.1
% Loss
Shares Traded: 23,115
REASON FOR EXIT: Profit talking. Also market changes
Trade Week: #09
Current Balance: $114,193.00
Trade date: Monday 08/31/09
Trade #01 of week #09
Amount traded Approx: $57,096
Reason for the amount: Due to the rules of my blog, I need to save cash in case I have to take a loss.
Analyses Steps:
01. Long term direction-Bearish
02. Short term direction-Sideways
03. Above or below MA’s-Sitting on the 10, and above the 30, and the 50.
04. Upper and lower trend lines-Price is coming to a point with trend lines coming together @$304.50.
05. Support line and Resistance lines- Sitting on support @$304.50. Minor support could be @$303.00. First resistance is @306.00 second is Major @307.00
06. Previous day’s candlestick-Bear hammer.
07. Volume-Above average.
08. Momentum-Neutral
09. New lows or new highs-N/A
10. After hours trading or Pre-Market-N/A
Score: 06-07 Use 50% of cash.
Session Stats
SYMBOL: WSC
COMMENT: The play could go either way. This could be a good move. Wait for confirmation on open. Make the play off of support and resistance lines.
STOP LOSS: 303.00/Price has moved down to $301.80
ENTRY POINT: $303.00
EXIT POINT: $302.00
ACCOUNT VALE: $114,386
REASON FOR ENTRY: Stock opened at the close, and market is bearish. I got in after confirmation of the Bear direction.
ORDER TYPE: MKT.
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $179.00
% Gain: 0.3
% Loss
Shares Traded: 180
REASON FOR EXIT: Stopped out. I think I got out to soon. Lee's rule: Never let a profit turn into a loss.
Was weekly goal reached? YES
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
Week starting
balance: $114.193.00
Current
balance: $116,461.00
This week’s goal
Amount: $115,349.93
Trade Week: #09
Current Balance: $116,461.00
Trade date: Monday 08/23/09
Trade #03 of week #09
Amount traded Approx: $87,648.00
Reason for the amount: Due to the rules of my blog, I need to save cash in case I have to take a loss.
Session Stats
SYMBOL: ETFC
COMMENT: This is a stock I follow everyday.
STOP LOSS: EOM
ENTRY POINT: $1.47
EXIT POINT: $1.45
ACCOUNT VALE: $116,461.00
REASON FOR ENTRY: EOM
ORDER TYPE: Limit
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $1,182.00
% Gain: 1.4
% Loss
Shares Traded: 59,625
REASON FOR EXIT: Profit for the Blog.
Trade Week: #09
Current Balance: $115,278.00
Trade date: Monday 08/31/09
Trade #02 of week #09
Amount traded Approx: $85,756
Session Stats
SYMBOL: S
COMMENT: This is a stock I track everyday so I used 85%
STOP LOSS: EOM
ENTRY POINT: $3.71
EXIT POINT: $3.67
ACCOUNT VALE: $114,816
REASON FOR ENTRY: Market was moving down.
ORDER TYPE: MKT.
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $914.00
% Gain: 1.1
% Loss
Shares Traded: 23,115
REASON FOR EXIT: Profit talking. Also market changes
Trade Week: #09
Current Balance: $114,193.00
Trade date: Monday 08/31/09
Trade #01 of week #09
Amount traded Approx: $57,096
Reason for the amount: Due to the rules of my blog, I need to save cash in case I have to take a loss.
Analyses Steps:
01. Long term direction-Bearish
02. Short term direction-Sideways
03. Above or below MA’s-Sitting on the 10, and above the 30, and the 50.
04. Upper and lower trend lines-Price is coming to a point with trend lines coming together @$304.50.
05. Support line and Resistance lines- Sitting on support @$304.50. Minor support could be @$303.00. First resistance is @306.00 second is Major @307.00
06. Previous day’s candlestick-Bear hammer.
07. Volume-Above average.
08. Momentum-Neutral
09. New lows or new highs-N/A
10. After hours trading or Pre-Market-N/A
Score: 06-07 Use 50% of cash.
Session Stats
SYMBOL: WSC
COMMENT: The play could go either way. This could be a good move. Wait for confirmation on open. Make the play off of support and resistance lines.
STOP LOSS: 303.00/Price has moved down to $301.80
ENTRY POINT: $303.00
EXIT POINT: $302.00
ACCOUNT VALE: $114,386
REASON FOR ENTRY: Stock opened at the close, and market is bearish. I got in after confirmation of the Bear direction.
ORDER TYPE: MKT.
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $179.00
% Gain: 0.3
% Loss
Shares Traded: 180
REASON FOR EXIT: Stopped out. I think I got out to soon. Lee's rule: Never let a profit turn into a loss.
Was weekly goal reached? YES
Sunday, August 23, 2009
Welcome to Stock Wise-Week #8-08/24/09 Thru 08/28/09
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 week’s goal
Amount: $112,582.68
Trade Week: #08
Current Balance: $114,193.00
Trade date: Monday 08/23/09
Trade #01 of week #08
Amount traded Approx: $55,729
Reason for the amount: Always keep at least 25% of your cash. Trade Opportunities may come present themselves, or an unexpected loss may occur.
Analyses Steps:
01. Long term direction-Bearish
02. Short term direction-Bearish
03. Above or below MA’s-Below all in order.
04. Upper and lower trend lines-Upper trend line is at $1.65 and lower trend line is at $1.44
05. Support line, and Resistance line- Resistance line is at $1.70. Possible major Support at
$1.60
06. Previous day’s candlestick-A complete bear candle.
07. Volume-Average
08. Momentum-Appears to be peaking.
09. New lows, or New highs-N/A
10. After hours trading or Pre-market-N/A
Score: 08-50% cash for Blog
Session Stats
SYMBOL: NBS
COMMENT:
STOP LOSS: 1.70
ENTRY POINT: $1.63
EXIT POINT: $1.55
Account Value: $114,193.00
REASON FOR ENTRY: I believe the play is bearish. Wait for Con., at the open. If it opens below the resistance line go short. Set Stop, 2% above price. Target price is $1.44
Order type: Market
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss:
Profit: $
% Gain: 5.2
% Loss:
Shares Traded: 34,190
REASON FOR EXIT: Profit taking.
Was weekly goal reached?Yes
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 week’s goal
Amount: $112,582.68
Trade Week: #08
Current Balance: $114,193.00
Trade date: Monday 08/23/09
Trade #01 of week #08
Amount traded Approx: $55,729
Reason for the amount: Always keep at least 25% of your cash. Trade Opportunities may come present themselves, or an unexpected loss may occur.
Analyses Steps:
01. Long term direction-Bearish
02. Short term direction-Bearish
03. Above or below MA’s-Below all in order.
04. Upper and lower trend lines-Upper trend line is at $1.65 and lower trend line is at $1.44
05. Support line, and Resistance line- Resistance line is at $1.70. Possible major Support at
$1.60
06. Previous day’s candlestick-A complete bear candle.
07. Volume-Average
08. Momentum-Appears to be peaking.
09. New lows, or New highs-N/A
10. After hours trading or Pre-market-N/A
Score: 08-50% cash for Blog
Session Stats
SYMBOL: NBS
COMMENT:
STOP LOSS: 1.70
ENTRY POINT: $1.63
EXIT POINT: $1.55
Account Value: $114,193.00
REASON FOR ENTRY: I believe the play is bearish. Wait for Con., at the open. If it opens below the resistance line go short. Set Stop, 2% above price. Target price is $1.44
Order type: Market
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss:
Profit: $
% Gain: 5.2
% Loss:
Shares Traded: 34,190
REASON FOR EXIT: Profit taking.
Was weekly goal reached?
Friday, August 14, 2009
Welcome to Stock Wise-Week #7-08/17/09 Thru 08/21/09
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
Current Balance: $111,468.00
This week’s goal Amount: $110,616.00
Trade Week: #07
Current Balance: $111,468
Trade date: Thursday 08/20/09
Trade #03/04 of week #: 07
Amount traded Approx: $108,999.00
Reason for the amount: I have been watching this stock and I had a feel for the price movement.
Analyses Steps: Eyes On Market
Session Stats
SYMBOL: ETFC
COMMENT: I did two intraday trades at the same price.
STOP LOSS: EOM
ENTRY POINT: $1.40/$1.40
EXIT POINT: $1.39/$1.39
Account Value: $111,468.00
REASON FOR ENTRY: Market was headed down, so I got in. I grabbed a tiny profit.
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $768.00/$768.00
Total for both
trades: $1,436.00
% Gain: o.7
% Loss
Shares Traded: 77,857.00
REASON FOR EXIT: Profit taking for the blog, and market turnaround.
Trade date: Tuesday 08/18/09
Tuesday Balance: $110,074
Trade #02 of week #7
Amount traded Approx: $55,619.00
Reason for the amount: Due to the rules of my blog, I need to save cash in case I have to take a loss.
Session Stats
SYMBOL: S
COMMENT: While watching the market I grabbed this trade for a tiny profit.
STOP LOSS: EOM
ENTRY POINT: $3.88
EXIT POINT: $3.89
Account Value: $110,074.00
REASON FOR ENTRY: EOM (eyes on market)
Successful trade: Y
Bullish trade: Y
Bearish trade: N
Loss: $
Profit: $133.00
% Gain: 0.3
% Loss
Shares Traded: 14,335
REASON FOR EXIT: Never let a profit turn into a loss. You can always get back in to the stock.
Balance after trade #01: $109,941.00
Trade date: Tuesday 08/18/09
Trade #01 of week #07:
Amount traded Approx: $54,760.00
Reason for the amount: Due to the rules of my blog, I need to protect myself from losses.
Analyses Steps:
01. Long term direction:
02. Short term direction:
03. Above or below MA’s:
04. Upper and lower trend lines:
05. Support and resistance lines:
06. Previous days candle:
07. Volume:
08. Momentum:
09. New lows or new highs:
10. After hours trading:
Score:
Session Stats
SYMBOL: S
COMMENT: This was an Opt. Trade.
STOP LOSS: EOM
ENTRY POINT: $3.82
EXIT POINT: $3.84
Account Value: $109,798.00
REASON FOR ENTRY: I have been watching this stock and there is a small profit in the two cent move, so I took it and got out.
Successful trade: Y
Bullish trade: Y
Bearish trade: N
Loss: $
Profit: $276.00
% Gain: 0.5
% Loss
Shares Traded: 14,335
REASON FOR EXIT: Profit taking, market started moving lower.
Was weekly goal reached? YES
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
Current Balance: $111,468.00
This week’s goal Amount: $110,616.00
Trade Week: #07
Current Balance: $111,468
Trade date: Thursday 08/20/09
Trade #03/04 of week #: 07
Amount traded Approx: $108,999.00
Reason for the amount: I have been watching this stock and I had a feel for the price movement.
Analyses Steps: Eyes On Market
Session Stats
SYMBOL: ETFC
COMMENT: I did two intraday trades at the same price.
STOP LOSS: EOM
ENTRY POINT: $1.40/$1.40
EXIT POINT: $1.39/$1.39
Account Value: $111,468.00
REASON FOR ENTRY: Market was headed down, so I got in. I grabbed a tiny profit.
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $768.00/$768.00
Total for both
trades: $1,436.00
% Gain: o.7
% Loss
Shares Traded: 77,857.00
REASON FOR EXIT: Profit taking for the blog, and market turnaround.
Trade date: Tuesday 08/18/09
Tuesday Balance: $110,074
Trade #02 of week #7
Amount traded Approx: $55,619.00
Reason for the amount: Due to the rules of my blog, I need to save cash in case I have to take a loss.
Session Stats
SYMBOL: S
COMMENT: While watching the market I grabbed this trade for a tiny profit.
STOP LOSS: EOM
ENTRY POINT: $3.88
EXIT POINT: $3.89
Account Value: $110,074.00
REASON FOR ENTRY: EOM (eyes on market)
Successful trade: Y
Bullish trade: Y
Bearish trade: N
Loss: $
Profit: $133.00
% Gain: 0.3
% Loss
Shares Traded: 14,335
REASON FOR EXIT: Never let a profit turn into a loss. You can always get back in to the stock.
Balance after trade #01: $109,941.00
Trade date: Tuesday 08/18/09
Trade #01 of week #07:
Amount traded Approx: $54,760.00
Reason for the amount: Due to the rules of my blog, I need to protect myself from losses.
Analyses Steps:
01. Long term direction:
02. Short term direction:
03. Above or below MA’s:
04. Upper and lower trend lines:
05. Support and resistance lines:
06. Previous days candle:
07. Volume:
08. Momentum:
09. New lows or new highs:
10. After hours trading:
Score:
Session Stats
SYMBOL: S
COMMENT: This was an Opt. Trade.
STOP LOSS: EOM
ENTRY POINT: $3.82
EXIT POINT: $3.84
Account Value: $109,798.00
REASON FOR ENTRY: I have been watching this stock and there is a small profit in the two cent move, so I took it and got out.
Successful trade: Y
Bullish trade: Y
Bearish trade: N
Loss: $
Profit: $276.00
% Gain: 0.5
% Loss
Shares Traded: 14,335
REASON FOR EXIT: Profit taking, market started moving lower.
Was weekly goal reached? YES
Saturday, August 8, 2009
Welcome to Stock Wise-Week #6-08/10/09 Thru 08/14/09
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: My Etrade account.
Brokers fee: $9.95
Starting Balance: $100,000.00
Current Balance: $109,521.00
This week’s goal
Amount: $110,616.00
Trade date: Monday 08/14/09
Trade #05 of week #06
Amount traded Approx: $54,281.00
Analysis Steps
01. Long term direction-Bearish
02. Short term direction-bearish
03. Above or below MA’s-below all three.
04. Upper and lower trend lines-Stock is trending down between trend lines.
05. Support line, and resistance line-Price broke below support line about a month ago.
it is now a resistance line.
06. Previous day’s candlestick-A bull candle with a long wick which stopped at the upper
trend line.
07. Volume-High
08. Momentum-Peaking
09. New lows, or new highs-N/A
10. After hours trading or pre-market-N/A
Score: 08-Use 50% of total cash.
Session Stats
SYMBOL: CPBK
COMMENT: I am still getting out to early.
STOP LOSS: EOM
ENTRY POINT: $3.40
EXIT POINT: $3.34
Account Value: $109,521.00
REASON FOR ENTRY: I believe the play is bearish. There is minor resistance at the 10 MA’s which is $3.36 and more at yesterdays high, $3.50. There is minor support at $2.55. At $2.60 there is minor support as well. I will watch the market to see which way it is moving.
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $947.00
% Gain: 1.8
% Loss
Shares Traded: 15,965
REASON FOR EXIT: I got out to protect the weekly goal.
Was weekly goal reached? YES
Trade Week: #06
Current Balance: $108,573.00
Trade date: Monday 08/14/09
Trade #04 of week #06
Amount traded Approx: $53,506.00
Reason for the amount: Saving cash.
Analyses Steps:
01. Long term direction: Bearish
02. Short term direction: Bearish
03. Above or below MA’s: Below
04. Upper and lower trend lines: Price has been channeling down for weeks
05. Support and resistance lines: Price has been channeling up for two weeks at least.
06. Previous days candle: Long candlestick with a very short wick.
07. Volume: High
08. Momentum: Peaking
09. New lows or new highs: Close to new high ground.
10. After hours trading: N/A
Score: 08- Use only 50% of total cash. Price is volatile, and market could go higher.
Session Stats
SYMBOL: CYD
COMMENT: I am still getting out too early.
STOP LOSS: EOM
ENTRY POINT: $10.42
EXIT POINT: $10.13
Account Value: $108,573.00
REASON FOR ENTRY: I believe the play is bearish. I will short it at market open or at least wait for confirmation.
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $1,479.00
% Gain: 2.9
% Loss
Shares Traded: 5135
REASON FOR EXIT: Market changes, and profit taking.
Current Balance: $107,094.00
Trade date: Tuesday 08/11/09
Trade #03 of week #06
Trade Amount approx.: $53,500
Reason for the amout: Stock price is much more stable. Plus this is a trend trade.
Analyses Steps:
01. Long term direction: Bearish
02. Short term direction: Bearish
03. Above or below MA’s: Above
04. Upper and lower trend lines: Trending down
05. Support and resistance lines: Price was sitting on support line
06. Previous days candle: Spinninng candlesitick
07. Volume: Average
08. Momentum: Turning down.
09. New lows or new highs: New low ground
10. After hours trading: N/A
Score: 09
Session Stats
SYMBOL: SIJ
COMMENT: After a small loss, the market went up and the price went so I got in for a small profit.
STOP LOSS: $33.95
ENTRY POINT: $33.94
EXIT POINT: $33.82
Account Value: $107,094.00
REASON FOR ENTRY: Market change
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $179.
% Gain: 0.4
Shares: 1,575
Reason for Exit: Never let a profit turn into a Loss
Trade #02 of week #06
Trade Amount approx.: $53,500
Reason for the amout: Stock price is
much more stable. Plus this is a trend trade.
Analyses Steps:
01. Long term direction:
02. Short term direction:
03. Above or below MA’s:
04. Upper and lower trend lines:
05. Support and resistance lines:
06. Previous days candle:
07. Volume:
08. Momentum:
09. New lows or new highs:
10. After hours trading:
Score: 09
Session Stats
SYMBOL: SIJ
COMMENT: Stock price oppened above yesterdays close.
I am waiting on the market to reverse.
STOP LOSS: $34.00
ENTRY POINT: $33.93
EXIT POINT: $34.00
Account Value: $106,915.00
REASON FOR ENTRY: I believe the price is extended and there will be some profit taking.
Successful trade: N
Bullish trade: N
Bearish trade: Y
Loss: $104.00
Profit: $
% Gain: -o.2
Shares: 1,575
Reason for Exit: Stop loss was triggered.
Trade date: Monday 08/10/09
Trade #01 of week #06
Amount traded Approx: $18,285.00
Reason for the amount: Stock is very volitale
Real time data for entries and exits: My E*TRADE Account.
Brokers fee: $9.95
Analyses Steps:
01. Long term direction: Bearish
02. Short term direction: Bullish
03. Above or below MA’s: Above all three
04. Upper and lower trend lines: Channeling up between upper and lower trend lines.
05. Support and resistance lines: Price broke above resistance line three days ago. Now its a support line. Minor support at $2.60, Major support is at $2.50.06.
06. Previous days candle: A long bull day all day candle.
07. Momentum: Below average.
08. Volume: Has been moving lower over the past three days.
09. New lows or new highs: N/A
10. After hours trading: N/A
Score: 7
Session Stats
SYMBOL: LOV
COMMENT: Take the small losses.
STOP LOSS: EOM/$2.73.00
ENTRY POINT: $ 2.65
EXIT POINT: $ 2.73
Account Value: $107,019
REASON FOR ENTRY: This is a low price stock and could be very volatile, and this is a counter trend trade. I believe the play is bearish. If the market goes up then I will skip. If the market opens lower I will short. This is an EOM trade. If market goes up, this stock could follow.
Successful trade:
Bullish trade: N
Bearish trade: Y
Loss: $561.00
Profit: $
% Gain:
% Loss: 3.0
Shares Traded: 6,900
REASON FOR EXIT: Price was close to stop loss amount and the market was about to close so I got out.
Was weekly goal reached? No, but close enough.
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: My Etrade account.
Brokers fee: $9.95
Starting Balance: $100,000.00
Current Balance: $109,521.00
This week’s goal
Amount: $110,616.00
Trade date: Monday 08/14/09
Trade #05 of week #06
Amount traded Approx: $54,281.00
Analysis Steps
01. Long term direction-Bearish
02. Short term direction-bearish
03. Above or below MA’s-below all three.
04. Upper and lower trend lines-Stock is trending down between trend lines.
05. Support line, and resistance line-Price broke below support line about a month ago.
it is now a resistance line.
06. Previous day’s candlestick-A bull candle with a long wick which stopped at the upper
trend line.
07. Volume-High
08. Momentum-Peaking
09. New lows, or new highs-N/A
10. After hours trading or pre-market-N/A
Score: 08-Use 50% of total cash.
Session Stats
SYMBOL: CPBK
COMMENT: I am still getting out to early.
STOP LOSS: EOM
ENTRY POINT: $3.40
EXIT POINT: $3.34
Account Value: $109,521.00
REASON FOR ENTRY: I believe the play is bearish. There is minor resistance at the 10 MA’s which is $3.36 and more at yesterdays high, $3.50. There is minor support at $2.55. At $2.60 there is minor support as well. I will watch the market to see which way it is moving.
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $947.00
% Gain: 1.8
% Loss
Shares Traded: 15,965
REASON FOR EXIT: I got out to protect the weekly goal.
Was weekly goal reached? YES
Trade Week: #06
Current Balance: $108,573.00
Trade date: Monday 08/14/09
Trade #04 of week #06
Amount traded Approx: $53,506.00
Reason for the amount: Saving cash.
Analyses Steps:
01. Long term direction: Bearish
02. Short term direction: Bearish
03. Above or below MA’s: Below
04. Upper and lower trend lines: Price has been channeling down for weeks
05. Support and resistance lines: Price has been channeling up for two weeks at least.
06. Previous days candle: Long candlestick with a very short wick.
07. Volume: High
08. Momentum: Peaking
09. New lows or new highs: Close to new high ground.
10. After hours trading: N/A
Score: 08- Use only 50% of total cash. Price is volatile, and market could go higher.
Session Stats
SYMBOL: CYD
COMMENT: I am still getting out too early.
STOP LOSS: EOM
ENTRY POINT: $10.42
EXIT POINT: $10.13
Account Value: $108,573.00
REASON FOR ENTRY: I believe the play is bearish. I will short it at market open or at least wait for confirmation.
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $1,479.00
% Gain: 2.9
% Loss
Shares Traded: 5135
REASON FOR EXIT: Market changes, and profit taking.
Current Balance: $107,094.00
Trade date: Tuesday 08/11/09
Trade #03 of week #06
Trade Amount approx.: $53,500
Reason for the amout: Stock price is much more stable. Plus this is a trend trade.
Analyses Steps:
01. Long term direction: Bearish
02. Short term direction: Bearish
03. Above or below MA’s: Above
04. Upper and lower trend lines: Trending down
05. Support and resistance lines: Price was sitting on support line
06. Previous days candle: Spinninng candlesitick
07. Volume: Average
08. Momentum: Turning down.
09. New lows or new highs: New low ground
10. After hours trading: N/A
Score: 09
Session Stats
SYMBOL: SIJ
COMMENT: After a small loss, the market went up and the price went so I got in for a small profit.
STOP LOSS: $33.95
ENTRY POINT: $33.94
EXIT POINT: $33.82
Account Value: $107,094.00
REASON FOR ENTRY: Market change
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $179.
% Gain: 0.4
Shares: 1,575
Reason for Exit: Never let a profit turn into a Loss
Trade #02 of week #06
Trade Amount approx.: $53,500
Reason for the amout: Stock price is
much more stable. Plus this is a trend trade.
Analyses Steps:
01. Long term direction:
02. Short term direction:
03. Above or below MA’s:
04. Upper and lower trend lines:
05. Support and resistance lines:
06. Previous days candle:
07. Volume:
08. Momentum:
09. New lows or new highs:
10. After hours trading:
Score: 09
Session Stats
SYMBOL: SIJ
COMMENT: Stock price oppened above yesterdays close.
I am waiting on the market to reverse.
STOP LOSS: $34.00
ENTRY POINT: $33.93
EXIT POINT: $34.00
Account Value: $106,915.00
REASON FOR ENTRY: I believe the price is extended and there will be some profit taking.
Successful trade: N
Bullish trade: N
Bearish trade: Y
Loss: $104.00
Profit: $
% Gain: -o.2
Shares: 1,575
Reason for Exit: Stop loss was triggered.
Trade date: Monday 08/10/09
Trade #01 of week #06
Amount traded Approx: $18,285.00
Reason for the amount: Stock is very volitale
Real time data for entries and exits: My E*TRADE Account.
Brokers fee: $9.95
Analyses Steps:
01. Long term direction: Bearish
02. Short term direction: Bullish
03. Above or below MA’s: Above all three
04. Upper and lower trend lines: Channeling up between upper and lower trend lines.
05. Support and resistance lines: Price broke above resistance line three days ago. Now its a support line. Minor support at $2.60, Major support is at $2.50.06.
06. Previous days candle: A long bull day all day candle.
07. Momentum: Below average.
08. Volume: Has been moving lower over the past three days.
09. New lows or new highs: N/A
10. After hours trading: N/A
Score: 7
Session Stats
SYMBOL: LOV
COMMENT: Take the small losses.
STOP LOSS: EOM/$2.73.00
ENTRY POINT: $ 2.65
EXIT POINT: $ 2.73
Account Value: $107,019
REASON FOR ENTRY: This is a low price stock and could be very volatile, and this is a counter trend trade. I believe the play is bearish. If the market goes up then I will skip. If the market opens lower I will short. This is an EOM trade. If market goes up, this stock could follow.
Successful trade:
Bullish trade: N
Bearish trade: Y
Loss: $561.00
Profit: $
% Gain:
% Loss: 3.0
Shares Traded: 6,900
REASON FOR EXIT: Price was close to stop loss amount and the market was about to close so I got out.
Was weekly goal reached? No, but close enough.
Saturday, August 1, 2009
Welcome to Stock Wise-Week #5-08/03/09 Thru 08/07/09
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 also do more trades, but 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. Theses 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.
Starting Balance: $100,000.00
Trade Week: #05
Current Balance: $107,581.00
Trade date: Monday 08/03/09
Real time data for entries and exits: My E*TRADE Account.
Trade #02 of week #05
Amount traded Approx: $10,000.00
Reason for the amount: Stock price is low and can be very volatile. I have to protect the blog from the risk of getting to far behind.
01. Long term direction:
02. Short term direction:
03. Above or below MA’s:
04. Upper and lower trend lines:
05. Support and resistance lines:
06. Previous days candle:
07. Momentum:
08. Volume:
09. New lows or new highs:
10. After hours trading:
Score:
Session Stats
SYMBOL: PKOH
COMMENT: While I had EOM, this Opt. Trade became available. I jumped on it.
STOP LOSS: EOM
ENTRY POINT: $7.14
EXIT POINT: $7.02
Account Value: $107,581
BREASON FOR ENTRY: This was an Opt. Trade
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $161.00
% Gain: 1.7
% LossShares Traded: 1,428
REASON FOR EXIT: Profit taking.
Trade #01 of week #05
Amount traded Approx: $25,000.00
Reason for the amount: Stock price is low and can be very volatile. I have to protect the blog from the risk of getting to far behind
Analyses Steps:
01. Long term direction:
02. Short term direction:
03. Above or below MA’s:
04. Upper and lower trend lines:
05. Support and resistance lines:
06. Previous days candle:
07. Momentum:
08. Volume:
09. New lows or new highs:
10. After hours trading:
Score:
Session Stats
SYMBOL: F
COMMENT: While I was watching the market, I caught a glimse of Ford and then I looked at the chart and yesterday Ford showed a full bull candle. The price gapped up very high. I figured there would be some profit taking and it happened.
STOP LOSS: EOM
ENTRY POINT: $8.77
EXIT POINT: $8.53
Account Value: $107,420.00
REASON FOR ENTRY: This was an Opt. Trade
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $674.00
% Gain: 2.8
SHARES TRADED: 2,850
Was weekly goal reached? Yes
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 also do more trades, but 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. Theses 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.
Starting Balance: $100,000.00
Trade Week: #05
Current Balance: $107,581.00
Trade date: Monday 08/03/09
Real time data for entries and exits: My E*TRADE Account.
Trade #02 of week #05
Amount traded Approx: $10,000.00
Reason for the amount: Stock price is low and can be very volatile. I have to protect the blog from the risk of getting to far behind.
01. Long term direction:
02. Short term direction:
03. Above or below MA’s:
04. Upper and lower trend lines:
05. Support and resistance lines:
06. Previous days candle:
07. Momentum:
08. Volume:
09. New lows or new highs:
10. After hours trading:
Score:
Session Stats
SYMBOL: PKOH
COMMENT: While I had EOM, this Opt. Trade became available. I jumped on it.
STOP LOSS: EOM
ENTRY POINT: $7.14
EXIT POINT: $7.02
Account Value: $107,581
BREASON FOR ENTRY: This was an Opt. Trade
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $161.00
% Gain: 1.7
% LossShares Traded: 1,428
REASON FOR EXIT: Profit taking.
Trade #01 of week #05
Amount traded Approx: $25,000.00
Reason for the amount: Stock price is low and can be very volatile. I have to protect the blog from the risk of getting to far behind
Analyses Steps:
01. Long term direction:
02. Short term direction:
03. Above or below MA’s:
04. Upper and lower trend lines:
05. Support and resistance lines:
06. Previous days candle:
07. Momentum:
08. Volume:
09. New lows or new highs:
10. After hours trading:
Score:
Session Stats
SYMBOL: F
COMMENT: While I was watching the market, I caught a glimse of Ford and then I looked at the chart and yesterday Ford showed a full bull candle. The price gapped up very high. I figured there would be some profit taking and it happened.
STOP LOSS: EOM
ENTRY POINT: $8.77
EXIT POINT: $8.53
Account Value: $107,420.00
REASON FOR ENTRY: This was an Opt. Trade
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $674.00
% Gain: 2.8
SHARES TRADED: 2,850
Was weekly goal reached? Yes
Saturday, July 25, 2009
Welcome to Stock Wise-Week #4-07/27/09 Thru 07/31/09
I believe that greatness is measured by small gains. I am a 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 also do more trades, but 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. Theses 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.
Starting Balance: $100,000.00
Trade Week:#04-07/27/09 Thru 07/31/09
Current Balance: $106,746
Trade date: Wed- 07/29/09
Trade #02 of week #4
Amount traded: APPOX- $52,200.00
Real time data for entries and exits: My Etrade accout.
Analyses Steps:
01. Long term direction-Bearish
02. Short term direction-Bearish
03. Above or below MA’s-Below all three
04. Upper and lower trend lines-Price is channeling
down between upper and lower trend lines.
05. Support line, and Resistance line-four days
ago price broke below support which is now a
resistance line.
06. Previous days Candlestick-was a short day
bull candle.
07. Momentum-appears average.
08. Volume-appears average
09. New lows, or New Highs-The price is in new
low ground
10. After hours trading-No after trading.
SCORE: 08
I believe the play is bearish. The 10MA is at $36.80 and could act as a minor resistance point. If the price goes above that point or opens above that point I will wait until it breaks below that point. The 10MA is at $38.11 and could act as a minor resistance point. Major resistance line is at $.39.00. This is a trend trade therefore I will be looking to short this stock.
Session Stats
SYMBOL : SKF
COMMENT : I am getting out of the trades too soon. The reason is that I have a fear of not making the goal of this blog. Next week I am going to hold my position longer.
STOP LOSS: EOM
ENTRY POINT: $36.52
EXIT POINT: $36.20
Account Value: $106,746
REASON FOR ENTRY: I believe this is a short play; I will wait for confirmation on the open. If it opens above I will wait to see if it drops below the support line. If it opens below I will get in and set my stop loss at the resistance line.
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $445.00
% Gain: .09
Shares Traded: 1,423
REASON FOR EXIT: Profit taking. Over all market appeared to reverse.
Weekly goal reached? YES
Trade Week:#04-07/27/09 Thru 07/31/09
Balance: $106,300
Trade date: Monday 07/27/09
Trade #01 of week #4
Amount traded: $52,200.00
Real time data for entries and exits: My Etrade accout.
Analyses Steps:
01. Long term direction: Bearish
02. Short term direction: Bullish
03. Above or below MA’s (10,30,50): Price started just below the 50, but well above the 30, and the 10MA’s, with the 10 turning up.
04. Upper and lower trend lines: Price has been moving in a sideways channel between support and resistances lines, but the price is just at the upper trend line.
05. Support line, and Resistance line: Price gapped above the resistance line, which is now the new support line.
06. Previous days Candlestick: Previous days candle was a long complete bull candle which broke thru the resistance and was push back down to rest on the new support line.
07. Momentum: Momentum is peaking.
8. Volume: Volume is high.
09. New lows, or New highs: Not in new high or low ground.
10. After hours trading: No after hours trading.
Session StatsSYMBOL: HRZ
COMMENT: Remember the goal: 1% or better.
STOP LOSS: $5.30
ENTRY POINT: $5.22
EXIT POINT: $5.12
Account Value: $106,300
REASON FOR ENTRY: I believe this is a short play; I will wait for confirmation on the open. If it opens above I will wait to see if it drops below the support line. If it opens below I will get in and set my stop loss at the resistance line.
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $990.00
% Gain: 2.0
Shares Traded: 10,000
REASON FOR EXIT: Profit taking. Enough is enough.
Weekly goal reached? YES
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 also do more trades, but 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. Theses 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.
Starting Balance: $100,000.00
Trade Week:#04-07/27/09 Thru 07/31/09
Current Balance: $106,746
Trade date: Wed- 07/29/09
Trade #02 of week #4
Amount traded: APPOX- $52,200.00
Real time data for entries and exits: My Etrade accout.
Analyses Steps:
01. Long term direction-Bearish
02. Short term direction-Bearish
03. Above or below MA’s-Below all three
04. Upper and lower trend lines-Price is channeling
down between upper and lower trend lines.
05. Support line, and Resistance line-four days
ago price broke below support which is now a
resistance line.
06. Previous days Candlestick-was a short day
bull candle.
07. Momentum-appears average.
08. Volume-appears average
09. New lows, or New Highs-The price is in new
low ground
10. After hours trading-No after trading.
SCORE: 08
I believe the play is bearish. The 10MA is at $36.80 and could act as a minor resistance point. If the price goes above that point or opens above that point I will wait until it breaks below that point. The 10MA is at $38.11 and could act as a minor resistance point. Major resistance line is at $.39.00. This is a trend trade therefore I will be looking to short this stock.
Session Stats
SYMBOL : SKF
COMMENT : I am getting out of the trades too soon. The reason is that I have a fear of not making the goal of this blog. Next week I am going to hold my position longer.
STOP LOSS: EOM
ENTRY POINT: $36.52
EXIT POINT: $36.20
Account Value: $106,746
REASON FOR ENTRY: I believe this is a short play; I will wait for confirmation on the open. If it opens above I will wait to see if it drops below the support line. If it opens below I will get in and set my stop loss at the resistance line.
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $445.00
% Gain: .09
Shares Traded: 1,423
REASON FOR EXIT: Profit taking. Over all market appeared to reverse.
Weekly goal reached? YES
Trade Week:#04-07/27/09 Thru 07/31/09
Balance: $106,300
Trade date: Monday 07/27/09
Trade #01 of week #4
Amount traded: $52,200.00
Real time data for entries and exits: My Etrade accout.
Analyses Steps:
01. Long term direction: Bearish
02. Short term direction: Bullish
03. Above or below MA’s (10,30,50): Price started just below the 50, but well above the 30, and the 10MA’s, with the 10 turning up.
04. Upper and lower trend lines: Price has been moving in a sideways channel between support and resistances lines, but the price is just at the upper trend line.
05. Support line, and Resistance line: Price gapped above the resistance line, which is now the new support line.
06. Previous days Candlestick: Previous days candle was a long complete bull candle which broke thru the resistance and was push back down to rest on the new support line.
07. Momentum: Momentum is peaking.
8. Volume: Volume is high.
09. New lows, or New highs: Not in new high or low ground.
10. After hours trading: No after hours trading.
Session StatsSYMBOL: HRZ
COMMENT: Remember the goal: 1% or better.
STOP LOSS: $5.30
ENTRY POINT: $5.22
EXIT POINT: $5.12
Account Value: $106,300
REASON FOR ENTRY: I believe this is a short play; I will wait for confirmation on the open. If it opens above I will wait to see if it drops below the support line. If it opens below I will get in and set my stop loss at the resistance line.
Successful trade: Y
Bullish trade: N
Bearish trade: Y
Loss: $
Profit: $990.00
% Gain: 2.0
Shares Traded: 10,000
REASON FOR EXIT: Profit taking. Enough is enough.
Weekly goal reached? YES
Tuesday, July 14, 2009
Welcome to StockWise Week #3 07/20/09 Thru 07/24/09
I believe that greatness is measured by small gains. I am a 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 also do more trades, but 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. Theses 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.
Starting Balance: $100,000.00
Trade Week:#03-07/20/09 Thru 07/24/09
Current Balance: $105,310.00
Trade date: Monday 07/20/09
Trade #01 of week #3
Amount traded: $53,743.00
Real time data for entries and exits: My Etrade accout.
Analyses Steps:
COMMENT : I am sorry, the market moved so fast at the open that I could not post my trade fast enough, but I got in at $4.46
STOP LOSS: EOM (eyes on market)
ENTRY POINT: $4.46
EXIT POINT: $4.36
Account Value: $105,310
REASON FOR ENTRY: I believe the play is bearish. I will try to catch on the open. This is a trend play. The price is right at the 10 Ma. This could be a resistance point, which is $4.71; the price could drop to yesterdays low at: $4.27. I am shorting this stock.
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $1,195
% Gain: 2.3%
Shares Traded: 12050
REASON FOR EXIT: Price was above weekly target, so I took the money and ran.
Weekly goal reached? YES
Trade date: 07/20/09
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 also do more trades, but 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. Theses 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.
Starting Balance: $100,000.00
Trade Week:#03-07/20/09 Thru 07/24/09
Current Balance: $105,310.00
Trade date: Monday 07/20/09
Trade #01 of week #3
Amount traded: $53,743.00
Real time data for entries and exits: My Etrade accout.
Analyses Steps:
01. Long term direction: Bearish
02. Short term direction: Bearish
03. Above or below MA’s (10,30,50): Below all three.
04. Upper and lower trend lines
05. Support line, and Resistance line: Price is below Resistance line, and moving inside upper and lower trenlines.
06. Previous days Candlestick: Day before yesterday was a full bearish candle. Yesterday was a full bullish candle.
07. Momentum: Turning bearish
08. Volume: medium
09. New lows, or New highs:
10. After hours trading: No after market or pre market;
Session Stats
COMMENT : I am sorry, the market moved so fast at the open that I could not post my trade fast enough, but I got in at $4.46
STOP LOSS: EOM (eyes on market)
ENTRY POINT: $4.46
EXIT POINT: $4.36
Account Value: $105,310
REASON FOR ENTRY: I believe the play is bearish. I will try to catch on the open. This is a trend play. The price is right at the 10 Ma. This could be a resistance point, which is $4.71; the price could drop to yesterdays low at: $4.27. I am shorting this stock.
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $1,195
% Gain: 2.3%
Shares Traded: 12050
REASON FOR EXIT: Price was above weekly target, so I took the money and ran.
Weekly goal reached? YES
Trade date: 07/20/09
Wednesday, July 8, 2009
Welcome to Stock Wise-Week #2-07/13/09
I believe that greatness is measured by small gains. I am a 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 also do more trades, but 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. Theses are available for those who are serious about working together in this very lucrative business of stock trading.
Trade Week: 07/13/09 Thru 07/17/09
Current Balance: $104,115
Trade date: Tuesday 07/14/09
Successful trade: N
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 also do more trades, but 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. Theses 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.
Trade Week: 07/13/09 Thru 07/17/09
Current Balance: $104,115
Trade date: Tuesday 07/14/09
Trade #02 of week #2
Amount traded: $ 47,263.0
Analyses Steps:
01. Long term direction
02. Short term direction
03. Above or below MA’s
04. Upper and lower trend lines
05. Support line, and Resistance line
06. Previous days Candlestick
07. Momentum if available
08. Volume
09. New lows, or New highs
10. After hours trading
Session Stats
SYMBOL : AIG
COMMENT : You can never catch the bottom. I have reach my goal for the week.
STOP LOSS: EOM (eyes on market)
ENTRY POINT: $ 15.65
EXIT POINT: $ 14.50
Account Value: $ 104,115.00
REASON FOR ENTRY: AIG-gapped up from yesterday with a bull candle with a very short shadow. Price broke through the upper trend line, with a 24% gain. Price moved up during the after hours trading. Then the price went to $15.42 in after hours trading. Price is well below all three MA’s. After two days of bull gain, Volume is decreasing, and momentum is high I believe that there will be some profit taking. This is a counter trend, so get out with reasonable profit.
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss: $
Profit: $ 3,463.00
Gain: 7.9%
Shares Traded: 3020
REASON FOR EXIT: Price was close enough to support line. Took profits and got out.
Weekly goal reached? YES
Trade date: Monday 07/17/09
Trade #01 of week #2
Amount traded: $51,168.70
Total trades for Week #2:
1. OVERALL TREND: Bullish
2. MOMENTUM: Peaking
3. DAILY AND WEEKLY: Bullish
4. SUPPORT AND RES: Price broke through Resistance
5. MOVING AVERAGES: Above all three 10, 30, & 50
Session Stats
SYMBOL : MNTG
COMMENT : Never send good money after bad money.
STOP LOSS: 1%
ENTRY POINT: $3.58
EXIT POINT: $3.61
Account Value: $ 100,652
REASON FOR ENTRY: Price showed a very long bullish candle with a short shadow at the bottom. Price broke through resistance line and kept going. The price went down .17 to $03.31 in after hours trading. The price is above all three MA’s. I believe the play is bearish. This is a counter trend play, but I believe the risk is low, and the return will be very good. I will try it catch it at the open. As always this is an EOM play.
Successful trade: N
Bullish trade:
Bearish trade: Y
Loss: $575.00
Profit: $
Shares Traded: 14,135
REASON FOR EXIT: Stopped out at 1%
Thursday, July 2, 2009
Welcome to Stock Wise
I believe that greatness is measured by small gains. I am a 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.
Starting Balance: $100,000
07/07/09
Current Balance: $ 101,227.00
1. OVERALL TREND: Bullish
2. MOMENTUM: Peaking
3. DAILY AND WEEKLY: Bullish
4. SUPPORT AND RES: N/A
5. MOVING AVERAGES: Above all three
Session Stats
SYMBOL : SBP
COMMENT : I have reached my goal of 1% for this week, that was ok, but I should have let the trade run its course or at least go til the lunch time break.
STOP LOSS: EOM(eyes on market)
ENTRY POINT: $ 8.29
EXIT POINT: $ 8.04
Account Value: $ 101,227.00
REASON FOR ENTRY: SBP-This stock is showing a long day bullish candle. Price broke through resistance line. Upper and lower trend lines are trending slightly up. The price is above the three moving averages, the 10, 30, and 50. I believe the one day play is bearish. Price went down in after hours trading. The price went from $8.28 to $7.23. I will be watching for an entry point after market opens.
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss:
Profit: $1,493.00
REASON FOR EXIT: Profit Taking
07/06/091. OVERALL TREND: Bearish
2. MOMENTUM: Peaking
3. DAILY AND WEEKLY: Bearish
4. SUPPORT AND RES:
5. MOVING AVERAGES: Below all three
Session Stats
SYMBOL: FMFC
COMMENT: This stock did not move until the last trading hour.
STOP LOSS: 1%
ENTRY POINT: $ 4.10
EXIT POINT: $ 4.13
Account Value: $ 99,734.00
REASON FOR ENTRY: FMFC has been in a side ways pattern bouncing on and off the support line. Three days ago it broke below the support line with an all day bear candle. The next day was a bull candle which broke the new resistance line, but the bears pushed it back down below it. The last day was a small bull day all day which hit the now resistance line and stopped. Upper trend line has been moving down and is converging with the resistance line. The price is below the 10, 30, and 50 moving average lines (not shown). Volume is average and momentum seems to peaking. The price at closed was $4.10. I believe the play is bearish. I will wait until the market is open and watch for trend.
Successful trade: N
Bullish trade:
Bearish trade: Y
Loss: $ -266.00
Profit: $
REASON FOR EXIT: Even though I did not hit the stop loss percentage, I did not feel that it is worth holding the position overnight.
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.
Starting Balance: $100,000
07/07/09
Current Balance: $ 101,227.00
1. OVERALL TREND: Bullish
2. MOMENTUM: Peaking
3. DAILY AND WEEKLY: Bullish
4. SUPPORT AND RES: N/A
5. MOVING AVERAGES: Above all three
Session Stats
SYMBOL : SBP
COMMENT : I have reached my goal of 1% for this week, that was ok, but I should have let the trade run its course or at least go til the lunch time break.
STOP LOSS: EOM(eyes on market)
ENTRY POINT: $ 8.29
EXIT POINT: $ 8.04
Account Value: $ 101,227.00
REASON FOR ENTRY: SBP-This stock is showing a long day bullish candle. Price broke through resistance line. Upper and lower trend lines are trending slightly up. The price is above the three moving averages, the 10, 30, and 50. I believe the one day play is bearish. Price went down in after hours trading. The price went from $8.28 to $7.23. I will be watching for an entry point after market opens.
Successful trade: Y
Bullish trade:
Bearish trade: Y
Loss:
Profit: $1,493.00
REASON FOR EXIT: Profit Taking
07/06/091. OVERALL TREND: Bearish
2. MOMENTUM: Peaking
3. DAILY AND WEEKLY: Bearish
4. SUPPORT AND RES:
5. MOVING AVERAGES: Below all three
Session Stats
SYMBOL: FMFC
COMMENT: This stock did not move until the last trading hour.
STOP LOSS: 1%
ENTRY POINT: $ 4.10
EXIT POINT: $ 4.13
Account Value: $ 99,734.00
REASON FOR ENTRY: FMFC has been in a side ways pattern bouncing on and off the support line. Three days ago it broke below the support line with an all day bear candle. The next day was a bull candle which broke the new resistance line, but the bears pushed it back down below it. The last day was a small bull day all day which hit the now resistance line and stopped. Upper trend line has been moving down and is converging with the resistance line. The price is below the 10, 30, and 50 moving average lines (not shown). Volume is average and momentum seems to peaking. The price at closed was $4.10. I believe the play is bearish. I will wait until the market is open and watch for trend.
Successful trade: N
Bullish trade:
Bearish trade: Y
Loss: $ -266.00
Profit: $
REASON FOR EXIT: Even though I did not hit the stop loss percentage, I did not feel that it is worth holding the position overnight.
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