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.