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Part-time Trader Series (tip 1): Weekly Focus List
As a part-time trader, time management is as vital to success as picking stocks or managing my portfolio. Over the years I have developed tricks to streamline what used to take me up to 4 hours a night, down to about 45 minutes. Over the next week I will share…
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Another Stock Showing Strong Distribution: WYNN
WYNN was on the long list for quite some time, but has now reversed and is the perfect short setup. A bear flag has formed, with volume that’s showing distribution. Many like to wait for price to breakdown out of the flag pattern. I prefer to enter early, when price…
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Strategy Session: Using Distribution Patterns to Predict Trends and Trend Failure
The second most important aspect of my trading strategy (behind support and resistance) is using volume to classify stocks that are under accumulation and distribution. Distribution is under way when, over a period of time, stocks show higher volume on down days and lower volume on up days. In a…
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Trade Results: March 2009
I am making an effor to get caught up on my trade results. The last results post was from February 17-March 16. To get back on a regular monthly schedule, this post completed March 2009. March 17-31 Total Profit= $1921 Total Wins= $2776Total Losses= $855 Total Trades= 6Total Wins= 4Total…
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One That Got Away: IBN
A useful tool for improving trading is to analyze trades that you did not take. IBN has been on my radar for since the April breakout. I did not trade it because the volume pattern was not to my liking. However, the risk ratios have been good through out that…
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4 Stocks For Tuesday
Here are the four stocks I am looking to enter on pullback Tuesday.
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Trades: BKE and RL
I used morning strength to short two stocks from last night’s focus list: BKE and RL. See charts from the last post to see setup.
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Game Plan For Monday
Here is my detailed plan for Monday and the coming week, as sent to subscribers in today’s Trade Report: May 18, 2009 Market Notes: The market has pulled back close to the entry point we’ve been watching (87-88). The pullback is not ideal, as price has not pulled back in…
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Partial Profits in SDS
I took partial profits in SDS at $60.22. I’ve been unwinding my shorts that were based on a market pullback and looking for longs to setup in the coming days.
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Thinking Out Loud (both on and off topic)
1. The overall market looks good, but resistance is looming. 2. A few more points down and I will start letting go of my short positions (already got rid of RTP). 3. I will likely enter SPY around $87-88 4. Most stocks are pulling back with bullish undertones (low volume,…
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SPY Adjustment
I originally was looking to enter SPY short as close to $95 as possible, but today’s “bearish engulfing” pattern leads me to believe we will pullback before that level is reached. I took a partial position today in SDS at the close (inverse short).
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7 New Additions to the Focus List
Here are the new additions to my focus list. All require pullbacks.
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Taking Partial Profits
I took partial profits in my NTRS short ($54.02) and SDS ($64.50). I have moved my stop up to entry for the remainder of the positions.
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Position Update
Today I exited my SPY position for a $1748 gain and have taken two bearish positions. I entered 400 shares SDS at $61.85 (currently $63.68). This is a leveraged short position. I shorted 400 shares NTRS at $57.03 (currently $54.36). I detailed this setup in last night’s report. I was…
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Short Setup: NTRS
I went short NTRS this morning. The stock has broke down below support, pulled back and shows a negative volume pattern.
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Trade Update: SPY
I exited half my SPY postion at $88.05 (entry at $84.03). I am still holding 200 shares.
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Focus List Stock: AMZN
I currently only have one position (SPY at $84.03). I’m patiently waiting to add positions on a dip to support. One of my favorites is Amazon, which is consolidating after a monster run and breakout. I’m looking to enter on a pullback to the $80-81 range.
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Paul J Singh 