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:

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

SYMBOL : FCZA

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