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.
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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 8, 2009
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