Category: Uncategorized
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Intuition, Risk Taking and Trading
I had a discussion with a Trade Report member earlier today, who asked me about obsessions, compulsions and risk taking. He said his risk taking nature was hurting his trading results by getting him into trades he had not been charting, but had an intuitive “feeling” about. I am by…
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Trade Review: UTHR
As noted in my the setup post for the UTHR trade, I had placed my stop below the August 14th confirmation candle. I was stopped out today for a small loss. I highlight this trade because, frankly, it was not one of my better entries. Take a look at the…
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OT: Looking For Gavin Walsh
Gavin Walsh, Please contact me at Singhjd1@aol.com. Do not use the e-mail address that starts with “service . . . “
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OT: Best Poker Blogs?
This is completely off topic, but I’m betting that more than a few of my readers are avid poker players. I’m looking for a few good poker blogs and sites to read that focus on strategy. Suggestions can be emailed at SinghJD1@aol.com or left in comments. Thanks!
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I’m Back
I’m back from vacation and hope to get into the swing of things this week. By far, the number one question I have received during my hiatus is when I plan to exit the DUG trade. I have moved my stop to break even and plan to stay in until…
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Newsflashr
There’s an interesting new blog aggregator called Newsflashr.com, from the founder of InstantBull.com. Here’s a Boston Globe article about the site. It uses Alexa rankings to sort out sites. I am ranked 43. I have never paid attention to Alexa rankings. Probably to my detriment, I’ve never done any of…
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Quickie Trade Update
I covered the MON short position today and was stopped out of GTLS.
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How Would You Like Your Eggs
I am wiping the egg off my face as I type. Obviously I was wrong not to trust the morning strength, at least for today. I used today’s strength to get out of my leveraged long S&P 500 position (SSO) at the close.
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Today’s Trades: EOG and DCR
I bought 200 shares EOG at $118.54 today. The setup is a classic breakout pullback play on a stock exhibiting a strong volume pattern. Now for the speculative play I spoke of in a previous post. I bought 500 shares of DCR at $8.64. DCR is a “down oil” ETF.…
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BOOM!
I made some good money and a few trades today. I hope to have them all updated later tonight. Most of my time was spent closing out positions, but I did manage to make a few entries, both long and short. Can you guess which way I went with BOOM?
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Weekend Private Chats
I have some time this weekend to do another round of private chats. For more info, check out this post.
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Trading Forex, Currencies and Options
One of my resolutions for the new year is to place one forex, currency, and option trade. Of course, I won’t do it until I have done a ton of research, demo trades and have a good feel for the market I am trading. If any of you have any…
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Housekeeping
Some housekeeping is in order: I’d like to give a big thanks to everybody who has e-mailed with messages of support since my last post. It’s nice to know my work here is appreciated. Don’t worry guys. I realize that the negative e-mails only represent a small, yet vocal, minority.…
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Hectic Week
Sorry for the lack of posts, guys and gals. I’ve had a hectic week. Either later today, or early tomorrow, I’ll have a details on all my trades and market thoughts.
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Today’s Trades: LULU and RIMM
I bought 400 shares of LULU at $44.80. I like LULU as a developing hot momentum play to be bought on dips. I bought 300 shares of RIMM at $110.12. Strong accumulation on this trending stock leads me to believe the response to earnings is the start of a new…
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Random Thoughts
I’m doing my best not to chase. The last thing I want to do is buy just before the inevitable pullback. I thought about buying LEH when it dipped to $61.75 today. It was on my “buy the dip” list, but I was worried because it was down while the…
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FSLR Revisited
In last night’s post, I noted that I considered entering FSLR on it’s breakout, but decided against it because volume was not as strong as I would have liked on the break. Today, the stock headed lower on earnings (although it did not violate the previous breakout support level). This…
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Sector Review
Monday morning I will post a video webcast featuring my analysis of the top performing sectors last week. Here is a quick summary. When the market has a bad week, I like to focus on sectors that held up well. This week there were 17 sectors that posted one percent…
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Sector Analysis: Aerospace-Defense
As I do every Sunday, I spent the evening researching over 200 market sectors in order to get a feel for where the “smart money” has been flowing over the past week. Aerospace and Defense caught my eye, though it is do for a pullback. Here are my nine favorite…
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Today’s Trade: GROW
I bought 400 shares of GROW at $29.45. It’s back at the bottom of it’s trading range on low volume, so I’ve entered again. I’ll keep working this range until the strategy stops working. My target is $32-33, and my stop will be in the $27.50-28 range.
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Crazy Day!
This is me in a nutshell today. Of course I would have one of my busiest days at work on the same day as the stinkin’ fed announcement! I made a bunch of trades that I will update tonight. If you guessed I was stopped out of QID, you are…