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
Friday, August 14, 2009
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