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Quicke Trade Update
I went short DRYS (81.30), long MON (110.22). Covered a few profitable shorts: NCTY, AKAM and DHI. I’ll fully update later.
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Thoughts to Start the New Year
Ignore the market forecasts. It’s all bunk. Nobody knows where the indexes will be a year from now, or which sectors will gain interest. Pay close attention to sector accumulation and distribution patterns, along with price action. Some sectors will fall off the map, allowing for new sectors to enter…
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Rewind: Memorable Posts from September 2006
Over the next few weeks I will highlight some memorable posts going back to the blog inception. I hope to use this series of posts as a primer for those new to the site. Here are posts from the site’s first month, September 2006. Who is the Market Speculator? Nice…
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A Historic Day of Profits for the Speculator
I sold 200 shares of POT at $150.10 (entry at $138.14) for a $2392 gain (+8.6%). I sold the remaining 150 shares of CF at 118.34 (entry at $92.05) for a $3943 gain (+28.5%) I sold 150 shares of AAPL at $202.15 (entry at $179.80) for a $3352 gain (+12.2%).…
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Today’s Trades: POT and GS
I bought 200 POT at $138.14. Nice cup and handle breakout. I would have liked to enter in the $135-136 range, but I don’t want to chance missing out if the year end rally continues. I went short 100 shares of GS at $213.78. My stop is above the 50…
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Holiday Postings
It’s been a great holiday season so far. Besides the December profits, I’ve been able to enjoy some of my favorite past times, reading and sports. I’ve read 11 books this month, which is probably the most I’ve read in one month since the summer before law school. On top…
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Catching a Breakout Early: CF Trade
On Tuesday I bought 300 shares of CF at $92.05. Today the stock broke out over resistance at around $100 and closed at $107.76. I sold half my position near the close at $107.34 for a $2293 gain (+16.6%). I am holding 150 shares and will buy more on a…
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Conquering Fear, a Requirement for Profitable Trading – Part 1
The most destructive element in the human mind is fear. – Dorothy Thompson Neither a man nor a crowd nor a nation can be trusted to act humanely or think sanely under the influence of a great fear . . . To conquer fear is the beginning of wisdom. –…
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Quick Trade Update
I took small long positions in CF (92.05), AAPL (179.80), FSLR ($235.25) and RIG (132). The first three were so oversold that I decided to buy after they started to bounce off their lows. If we get the holiday bounce everybody is waiting for, these stocks should do quite well.…
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Today’s Trades: CPLA, JASO, FSLR, FCX, PBR
I made a few pilot buys in strong stocks that are dipping today: CPLA (300 shares at $68.95), MBT (150 shares at 93.03). I exited 300 shares JASO at $70.31 (entry $62.04) for a $2481 gain (+13.2%). I exited 125 shares FSLR at $239.85 (entry at $223.30) for a $2068…
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Market Selling Bounces Instead of Buying Dips
With the current state of the market, the prudent thing to do is to sell bounces. We are seeing a change in market character, folks. Remember just a short while ago, when strength beget more strength and dips had to be bought? Those days are behind us, at least for…
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Trade Update, Watchlist, Sport and Politics
I added two shorts yesterday, AKAM and FCX. I also went long PBR, JASO and AAPL. Here are the stocks I’ve been keying on from my focus list: Long: PBR, USO, FLSR, CPLA, AAPL, HDB, MBT, RIG, ATK, MA, MON, MOS, AGU, JASO, AAPL, MTL, RSX, VIP, STP, POTShort: DRYS,…
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Trade Update
I am using today’s strength to add a few bearish positions: QID (ultrashort Nasdaq), HOV (homebuilder) and SKF (ultrashort financials). I have moved my FSLR stop up to around $240. This locks in at least a $2000 gain on the remaining 125 shrares. I exited 500 shares of URRE at…
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Market Note, Trades and Videos
It’s still too early to tell if today’s market action is the start of a new trend. I am looking to add a short or two, but won’t get get heavily short until a trend starts. Today I went short FCX, DHI and NCTY, and they all went in my…
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Today’s Plan
I’m ignoring the fact that today is fed day and just looking for entry prices from my watchlist to get hit. I’ve already taken a long positiions in JASO and AGU today, and a short position in a homebuilder (I can’t remember which one at the moment).
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Today’s Trades: URRE, NCTY, FSLR
As I said I would in last night’s trading video, I exited half my FSLR postion (125 shares) at $247.20 (entry at $223.30) for a $2987 gain (+10.7%). My current position is 125 shares and my stop is at the original entry price. I bought 500 shares of URRE at…
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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
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Trades and Performance Stats
Here are trades I’ve recently made. All entries were posted to the site and can be viewed via the trade label. Entries for these trades were made on or after November 9th, and exited this week. I have completed other trades since the 9th, that were posted on the site.…
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FSLR and PBR
I can’t say I’m happy with the FSLR trade. On a day like today I would have expected the stock to rally. I thought about bailing today, but decided to honor my stop. Hopefully today’s tag of the 20 day moving average will propel it upward. On a more positive…
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Stocks that Should Be on Your Radar
Here are some momo names that should be front and center of your wachlist. I am looking for tradeable entries in: MTL, POT, HDB, LTRE, RICK, CTRP, DE, CPLA, FSLR, VIP, LDK, MCRS, HMSY, MON, MOS, ISRG, AGU, BIDU, MA, GLDN, RIG, MBT, ATW CF. Note the abundance of ag…
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Trades: VIP, LEN and FSLR
I bought VIP and FSLR and went short LEN. I tried to go short VMW, but no shares were available for short. I’ll detail my reasoning for trades later today. Judging from my inbox, last night’s “not enough to beat the indexes” post seems to have rubbed some of you…