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: $119,762.00
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!