Paul J Singh

Category: stops

  • Stop gunning: The most frustrating aspect of swing trading

    Here is a note I sent Trade Report members a few days ago related to “stop gunning”. I have received a few questions about TWTR this morning.  Some of you set your stops around $45.70-90 and were stopped out. In today’s morning report I mentioned setting it around $45.50.  It got…

  • Trading "Leak": Impatience and the GS Trade

    One of my mantras is to “set it and forget it” after making a trade. Once a trade is made, I set my stop and target, then forget about the trade until one of the price objectives is hit. At least I usually do . . . My recent GS…

  • RIMM Breakout and Pair Trade

    Thus far the “pair trade” I outlined yesterday and entered on Friday is a success, as RIMM broke out in a big way today and AMZN (short) hangs out under the “failed breakout” resistance level. I took a partial profit in RIMM today and moved my stop up to entry…

  • Position Update and Lesson Learned

    I am still holding my SSO position. I bought at $59.96 and it closed at $59.66. Although today did suck, remember that the lows in the S&P still have not been pierced. I am still playing the bounce until my tight stop is hit. I am still holding PBR as…

  • MTL Exit

    I exited MTL today for an acceptable sized loss. It’s not difficult to guess where I exited. My stop was placed just under the 50 day moving average. I’ve been asked if I now think MTL is a short play, since it has broke below support. I definately will not…

  • EOG . . .WOW!

    I had much confidence in the EOG trade, but even I didn’t expect the move to happen just hours after I entered. I took partial profits at my $127 target, exiting 100 shares for a $846 gain (+7.1%). I’ve moved my stop up to the entry point for the remaining…

  • Video: Sticking with the Trade (FSLR)

    In todays’ video, I detail my current position in FSLR to show how important it is to stick with the trade until your stop or target is hit. http://flash.revver.com/player/1.0/player.swf?mediaId=519482&affiliateId=93676

  • Ain’t No Glass Chin Here

    I’m taking it on the chin today. Not only from the market, but readers as well. It’s comforting to know that I can bring so much joy to so many of you. It seems some of you derive a lot of pleasure from my pain. I guess that comes with…

  • Update on My Emotions: Arghhhh!

    Arghhhh! While I made some spendid gains today, I can’t seem to forgive myself for cutting ties with UA, SII and SWHC yesterday. Instead of taking small losses, I would have have made a little over $2000. That’s what I get for not adhering to my stops. All of you…

  • Trade: HDNG

    I bought 500 shares of HDNG at $38.25. It’s a low float stock that showed up on my “trend pullback scan” last week, which placed it at the top of my primary watchlist. The stock printed a tail at support on Friday with a strong close, so I placed a…

  • Trade: NILE

    I sold 200 shares of NILE at $60.50 for a $410 gain (+3.5%). I am still holding the remaining 200 shares from yesterday’s trade, and have moved my stop to the entry point ($58.45). This locks in my current $410 gain, while “letting the rest ride”.

  • Today’s Trades: GROW, MVIS, QID, EWZ, HOKU

    I sold 600 shares of EWZ at $51.80 (entry at $50.43) for an $822 gain (+2.7%). I suspect that it will retest support at $50, which could provide another entry. I sold 1000 shares of HOKU at $6.44 (entry at $6.11) for a $660 gain (+5.4%). There is not enough…

  • Patience, Trading and Profitability

    I stumbled across this article on patience and trading via Trader Mike’s links. Although it may seem like basic stuff, it speaks about an issue that has been one of the toughest for me to master. The basic message is you must be patient with your entry points and give…

  • Freshly Squeezed

    Days like today tend to turn smack talking bears into nervous nellies with itchy trigger fingers. This gives rise to a nice little stock market pop that makes everybody wonder if we really have seen th worst of it and bottomed. Maybe we have, though I seriously doubt it. More…

  • Today’s Trades: CENX, STLD, RL and LEH

    I’ve had a busy day at work, so I’ll have to detail the trades in more depth tonight. I bought 500 shares of STLD at $40.02, 500 shares of CENX $47.64 and 300 shares of RL at $87.10. I also got stopped out of my 250 shares of LEH at…