I'd like to start a page following the 3% chart that is on wdiscos post. For the life of me I couldn't get it to copy and paste here. Basically it was start with 3k and keep reinvesting the 3% gains to make a million on 200 successful trades. Some of you may be interested to see how it goes and some not but it's atleast a place I can post my pick for the day if I can find one. Put in the dollar value, number of shares and hopefuly the gain. I will post the losses as well as the balance of the account and be totally honest doing so. Next week I will be trying for trade number 4 using approximately the $3,300 from the previous 3 trades. Any comments or suggestions are always appreciated.
Posted by PCola77 on :
Not sure how this will paste, but here's the actual calc:
By the way..I am wdcisco. I changed my alias to $tock Weazel FYI Posted by jgrecoconstr on :
Thanks guys for posting those.
Posted by BooDog on :
Hey weazel - is that from wealth lab or your own?
Posted by $tock Weazel on :
quote:Originally posted by BooDog: Hey weazel - is that from wealth lab or your own?
Its Wealth University's...Read the top of it. Posted by SoAngel on :
It sure is amazing how easy it looks when viewing that chart.
Posted by IMAKEMONEY on :
IT SHOWS THAT SELLING FOR SMALL GAINS WORKS!!
Posted by bilgert on :
Don't forget to factor in transaction costs for buys and sells 400x(transaction costs). Even if you use choicetrade, that's $2K...
Of course if you had a zecco account, you could trade for free 10 times a month... or if you have a BofA account funded with 25K, you can trade for free as well.
Posted by jgrecoconstr on :
I added my trade costs to the 3% so I would always remain with the correct gain. That's 10 bucks i have to calculate in for a round trip.
Posted by BooDog on :
quote:Originally posted by $tock Weazel:
quote:Originally posted by BooDog: Hey weazel - is that from wealth lab or your own?
Its Wealth University's...Read the top of it.
Got it ... thanks! Posted by Ace of Spades on :
LoL...don't you just hate when you miss the obvious
Posted by jgrecoconstr on :
Applied for a margin account this past Wednesday but it hasn't gone thru yet and my funds from selling that same day won't clear till this Tuesday. Just as well because I didn't really love either of the two I found. APWR at 13.35 is at support but going sideways. KYN at 27.60 I probably would have played it I like the chart but it doesn't have alot of volume. I would rather get into something that has atleast 1 million shares traded but I know I won't always find that. I would have needed a 90 cent gain if I got in at what the close was. That includes commisions.
Posted by jgrecoconstr on :
without the funds I missed both of those picks going up at least 3%. Money is free tomorrow but I haven't found anything I like. On a more interesting note my wife just came in. Her boss has an accounting firm and one of his clients has a pink sheet stock. I hate pink sheet pennies but what the hell I'm going to plop $300 maybe alittle more on it tomorrow. Suposedly their projected revenues are way more than they estimated them to be. They have picked up school contracts and its a fairly new company. The call letters are VRED currently closed at .016. Heres where I sound like a total idiot. A big supposedly here they project their stock will be around $3 by June of this year.
Posted by jgrecoconstr on :
Found one for tuesday. HITK closed at 9.40. Good support, has room to move, rsi and sto look decent volume is low though. Need to hit 9.70 at the current close to make the percent. Will try for 350 shares. Turned down for margin for some reason so I won't be trading to often a week. Also going to pick up $350 worth of vred and hold it for awhile just in case they go somewhere.
Posted by T e x on :
interesting post, good luck
Posted by jgrecoconstr on :
picked up 350 shares of HITK at 9.39 monday. Still holding I think the volume was the problem. Got into VRED for .016 for 17,000 shares and going to pick up another 1K worth today hopefully at .01
Posted by tmanfromtexas on :
Be careful with VRED. There were a billion restricted shares given out with the divi from vyon. Plus it started getting pumped on Ihub by Vantillion on Feb19. That is when the big volume days started and after hitting .04 it started to dump down. That was a 900% gain in a few weeks. Nothing wrong with that, just keep your eyes open. They have about 220mm shares out right now. Just a heads up. TMAN...
Posted by jgrecoconstr on :
Tman thanks for the heads up. If it tanks and gets diluted it won't be the first thousand I wasted on a penny. i swore I would stay away from them but this one seems to have a real product so hopefully it goes somewhere. If not just another lesson learned and certainly the last for me on pennies.
Posted by tmanfromtexas on :
I understand about the pennies jg. I have some in my account but I am not buying anymore. I am going to move back to the big boards. I had a much better looking portfolio when I traded those then these POS. lol. Good luck in your trading and if I have any thing to add to the mix, I will let ya know. TMAN...
Posted by jgrecoconstr on :
If all goes well I should be out of HITK monday or tuesday. Nice candle it ended the day on friday. If I don't get the gain I'll atleast get rid of it as close as I can to where I bought in and move on to the next one. Lesson learned from this trade was if I'm not comfortable with the volume don't buy it.
Posted by fourseven on :
about the 3K to 1M in however many trades.. if you're flipping $3000 or even $30000, you can do so without affecting the stock price.. but i think it would get much harder to get your order filled with $300K, $.5M, etc.. you might have to split it into smaller blocks (and so, more trades)
that, and you'd have a multiple aneurysm, risking several hundred thousand dollars on a play Posted by Free Muney on :
good point fourseven. i read a short investing book called "how i made 2m. in the stock market" and the author used larger cap/ higher priced stocks with high volumes to more discreetly move large sums of money once he successfully made it to that level. ie. google 4.4 million shares traded friday. at 430$ a share...
now the problem of making 120 consecutive successful 3% gains to get to that level...
Posted by jgrecoconstr on :
I got a looong way to go before I need to even worry about risking 30k. Hopefully I make it that far.
Posted by jgrecoconstr on :
Stuck in HITK for awhile longer. Trading sideways and I'm down 3%. But a good thing is I learned from this one is to stay far away from low volume. I knew that before but this just reaffirmed it for me.
Posted by jgrecoconstr on :
Finally out of HITK today. What a relief not being stuck in that any longer. Huge volume for that today I could have done better but am happy with the 4% I picked up. Will be looking for a pick for Friday for trade number 5 with $3428 to invest. Slightly ahead of the chart.
Posted by $tock Weazel on :
Wow...Nice job jgre. Posted by jgrecoconstr on :
TY Stock. Was quite excited the funds were available but can't find anything I like.
Posted by chartinator on :
That's the chart I've used to run my Wealth University board on Ihub. Wdiscos obtained the 3% chart there
quote:Originally posted by jgrecoconstr: I'd like to start a page following the 3% chart that is on wdiscos post. For the life of me I couldn't get it to copy and paste here. Basically it was start with 3k and keep reinvesting the 3% gains to make a million on 200 successful trades. Some of you may be interested to see how it goes and some not but it's atleast a place I can post my pick for the day if I can find one. Put in the dollar value, number of shares and hopefuly the gain. I will post the losses as well as the balance of the account and be totally honest doing so. Next week I will be trying for trade number 4 using approximately the $3,300 from the previous 3 trades. Any comments or suggestions are always appreciated.
Posted by jgrecoconstr on :
And how are you doing with it so far?
Posted by jgrecoconstr on :
If anyone is reading this tell me your thought on SIRI. It's at a new low and closed on a doji. Up a penny in after market and looks like more buys near the close. I'm thinking of trying it monday any thoughts I'd love to hear
Posted by stocktrader22 on :
How many 7% trades starting at 3k will get you to 1million?
Posted by T e x on :
starting from what?
Posted by Ace of Spades on :
quote:Originally posted by stocktrader22: How many 7% trades starting at 3k will get you to 1million?
Bro just use a calculator and multiply 3,000 times 1.07...do it 2 times in a row....then from then on you should be able to just hit = to keep going....
I think its 85
Posted by PCola77 on :
I'm on my blackberry, but in my head I think this is the formula:
Natural log of [(Desired amount)/(Starting amount)] / ln[ ( 1.00 + return) ] = number of periods.
So ln(1000000/3000)/ln(1.03) should equal about 198 if I am thinking about it correctly. No need to hit "=" 85 times on a calculator.
I'll follow up later if I'm wrong.
Posted by jgrecoconstr on :
OK obviously no one likes Sirius. I'm going in on it for around 1300 shares first thing monday for trade number 5. It doesn't fit the parameters I have been using but in my opinion as wrong as that could be these are the reasons I am buying. First the doji, it's following a pretty good downtrend, good buying pressure close of the day, up in after market, decent news on it in Yahoo. 52 week low which should I think put alot of interest in buying since there more than likely is a merger coming plus it is near the last low so it could be considered somewhat of a support line. Plus people just playing the bounce should turn it around. I only need around 8 cents to pick up the 3%. I don't think I should have trouble getting that on Monday but we'll see.
Posted by stocktrader22 on :
doji etc, end of day buying and all really doesnt mean as much as you think. Learn to feel the market sentiment and other outside factors effecting the stocks you play.
Posted by jgrecoconstr on :
Stock.... now I feel like Grasshopper and you got the pebble in your hand. I'm so confused !!!!
Posted by stocktrader22 on :
I'm not pro by any means, but I've stopped reading too much into candlesticks, end of the day buying, and trades where everyone is betting one way. If you want to get your 3% you need to be disciplined and not guessing. some plays are an obvious 3% and you need to wait until you see it to assure 200 SOLID trades. Sirius sure is not by any means.
Posted by stocktrader22 on :
For example, AAACW was a clear and OBVIOUS play. Jeff Feinberg of JLF fund bought out 20% of the O/S. He also bought big into the company before APWR which was a SPAC and that turned out well. The guy seeing up AAACW was the same guy involved in setting up APWR.
They released a filing basically saying they are going to pay off any shareholders who won't approve the merger. The company merging into AAAC on paper is worth at least $15. Of course the market can change its mind. But with all these factors in play and the warrant trailing the common with a warrant price of $1.80 when I bought, this was an obvious and easy winner!
Nothing is guaranteed in the market but this was pretty easy to see. And I didn't have to take just 3%. This has gone from my buy in of $1.80 to $2.50. You get the picture. Be disciplined and don't rush the 200 trades. Do 50 a year for 4 years and there is your million.
Posted by jgrecoconstr on :
Good advice I have to admit, and do appreciate. One of my problems is easy to explain. i often get itchy and feel like I need to be in somewhere. The last one I played took just about two weeks to turn and although I didn't look at many charts in that tiime I did pick one that was looking perfect and sure enough it went way over 3% for the day, but I couldn't play it. So I get frustrated when I can't find one. Basically all I use is stockcharts and somedays as in the past two there just hasn't been one that meets my needs. All I look up is bullish engulfing at support with improving rsi, sto coming from 20 decent volume with room to move in the price and under $40 but over $10. So far so good. So yes I do have to get that under control and not deviate from the plan. I respect your opinion as well as a few other people on here. I have been reading posts for a few years at least and a few of you have pointed me in the right direction and answered my questions when I had them. So that said out of respect for your post i will wait and see what happens with SIRI in the morning if it opens strong I may join in and get out quick. If it has a weak start monday then I will stay away and stay on coarse with what I have been doing so far.
Posted by jgrecoconstr on :
Good advice I have to admit, and do appreciate. One of my problems is easy to explain. i often get itchy and feel like I need to be in somewhere. The last one I played took just about two weeks to turn and although I didn't look at many charts in that tiime I did pick one that was looking perfect and sure enough it went way over 3% for the day, but I couldn't play it. So I get frustrated when I can't find one. Basically all I use is stockcharts and somedays as in the past two there just hasn't been one that meets my needs. All I look up is bullish engulfing at support with improving rsi, sto coming from 20 decent volume with room to move in the price and under $40 but over $10. So far so good. So yes I do have to get that under control and not deviate from the plan. I respect your opinion as well as a few other people on here. I have been reading posts for a few years at least and a few of you have pointed me in the right direction and answered my questions when I had them. So that said out of respect for your post i will wait and see what happens with SIRI in the morning if it opens strong I may join in and get out quick. If it has a weak start monday then I will stay away and stay on coarse with what I have been doing so far.
Posted by jgrecoconstr on :
Tuesdays play which I think looks perfect for a small gain TNDM which closed at 18. Will try and get 188 shares in the morning. Thanks Stock for putting the doubt on SIRI. I would have jumped in that if not for your post. Just for the hell of it the three others that looked good were MGN* 3.67, ENS* 22.89 and GTN* 5.40. Gtn I liked alot but trying to stay out of stocks under 10 dollars.
Posted by stocktrader22 on :
Why on all of those?
Posted by jgrecoconstr on :
Damn, I had this all down for an explanation for you and it wouldn't post so here goes one more time.
GTN Looked great because of the engulphing candle and it is near and old support from June 06. Rsi and sto are making a sharp turn, it's closing in on the 20 day MA, the volume looks good and the price has a lot of room to move for a small gain. But the price was under the limit I was trying to follow. I'll have to see what this does and possibly re-adjust that rule.It in my opinion has room for a small gain today.
ENS At or near support for the 4th time since Dec 07, closing in on 20 day MA. Rsi and sto are turning, room to move in the price and the volume was decent.
MGN The least of the ones I liked and in all honesty I probably wouldn't have played it if it was the only one I found. It is near old support lines but there are still two lower supports that would scare me. The volume was low which would have kept me away. It's just touching the 20 day MA and the rsi and sto were improving which I liked. But again a low priced stock and low volume but I still feel it may make a small gain today.
MGN
Posted by jgrecoconstr on :
So much for those 4 looking good for a quick gain. Still have TNDM in at 18.02 no huge loss yet and still has room to turn around. No big loss on the others either they just didn't pop like I thought they would.
Posted by stocktrader22 on :
Charts are overrated. Will say it time and time again. You can't just base it off of charts only.
Posted by Ace of Spades on :
quote:Originally posted by stocktrader22: Charts are overrated. Will say it time and time again. You can't just base it off of charts only.
My Brotha.....Charts are UNDER RATED Posted by jgrecoconstr on :
Stock.... I don't think anything here is a sure thing based on anything. But for me what I have been looking at and playing on paper most times has fair results. I think you could base picks on fundamentals if you want to wait for a return but you may wait quite awhile. I know I will never base one on huge volume spikes because those in my experience of watching usually drop the next day same as huge price spikes always seem to close lower than the day before. Good news seems to have no effect alot of times sometimes negative effects. To me all of this is a gamble but better odds than Vegas. I know I have read in here on Allstocks time and time again, do what works for you. Those picks I made the beginning of the week didn't go up, actually one did alittle but I know (I feel) all of those will turn around and more than likely be up in a short time. They all had what I was looking for and that was support. That's where I am comfortable, what I have spent all this time trying to learn the past year. I won't always win, I know I will lose sometimes maybe more than I want, I know I will have to wait a week or two maybe more even, and sometimes I'll be in and out in a day. What I am looking at on the charts gives me a feeling of confidence that I am making a good decision most times.
Posted by jgrecoconstr on :
missed this one today never put a sell order in and it hit 18.61. I needed to hit 18.59. Have to see what monday brings. It moved pretty well today.
Posted by jgrecoconstr on :
Finally out of TNDM, another low volume stock. Jumped the gun alittle and sold early at $18.38. Had a close today of $18.80, I just wanted out after holding two weeks of sideways trading. Should have been out last week but my fault for missing the target price then. Ended the 5th trade with about a 1.8% gain after commisions. Now have $3455 for the 6th trade for Monday.
Posted by jgrecoconstr on :
Play for tuesday for the 6th trade is BHE, closed at $17.35. Try to pick up 200 shares in the morning and set a price to sell at $17.92
Posted by jgrecoconstr on :
Out of BHE at $17.84. Set a trade trigger of .10 once it hit the target price but it went down .10 from $17.94 and sold. Still have to figure out whether to set the parameters smaller in .02 intervals or wait till I am past the target price and start the trigger at a higher price so I don't ever blow by the target. All in all I lost the 10.00 trade fees and a couple cents. So probably a 2.8% gain.
Posted by stocktrader22 on :
nice!
Take a look at NSTK..should be up at least 3% by mid next week. I'd rather hold for 10%+ on this one though.
Posted by jgrecoconstr on :
TY Stock, but it looks like I won't have any funds cleared until Monday hopefully Tuesday at the latest. Following the chart I was supposed to have $3582.00 after 6 trades. I have $3563 so I'm down 20 bucks from selling mistakes the past two trades. Hopefully I can get a handle on the trade triggers with TDA and not make these mistakes anymore.
Posted by jgrecoconstr on :
Trade number 7 appears to be Kodak (EK) at $17.22 for lack of finding anything better. May even gap up in the morning and if so I will stay out and wait for another one tomorrow night. If I can get in at the open around todays close I have $3,563 to play with.
Posted by fourseven on :
Wow.. EK, nice layup. Both intra- and daily charts look possible.
Posted by jgrecoconstr on :
Out of EK. (See post above) I never should have played it. First it didn't meet everything I had been looking for and using in the past trades. So trade #7 has pushed me back down to start again where I was at trade #4. Lesson learned this time... If I can't find one I like even if it takes 2 weeks just stay out. Once the cash clears I'll be going in again with $3,248.
Posted by jgrecoconstr on :
Didn't get to post this earlier. (don't know if anyone is reading this anyway but me) Bought into DK this morning at 11.46 and trailing loss kicked in at 11.96. New balance of $3,640 for next week. Also took the cash I had been using for trades and rounded it up to $3,500 and set it up in a SEP IRA for tax reasons. So I believe I cheated alittle on here. My balance from trade 7 last week after the loss was $3,248. So I took available cash out of my other account for an even 3,500. So I could actually balance wise call this trade today number 7 so I get rid of that unlucky number and move right to 8. But I won't tell anyone I cheated on that!!
Posted by fourseven on :
Well what's the point of hiding your losses? I think it's important to keep track of them, so that you don't convince yourself falsely you've found a perfect method..
Posted by jgrecoconstr on :
I'll always post the losses. This has actually kind of turned into a journal anyway where I can see what I did right and wrong. The thing i am having the most trouble with is the trailing loss. I waited the other day till it was about .20 cents over my 3% and set the trigger at .10 it kicked in anyway. Had it not kicked in I would have had another gain on DK yesterday. I'm happy with what I made but it sucks when it just goes back up after you get out. I think the only way I will ever get that to work right is if the stock is like 30 or 40 cents over the target and I can make the spread higher. It is great though that the trigger takes alot of the constant watching out of the day so I can focus on work.
Posted by Stupid on :
I havent been keeping track but have you looked into LNG? There is some chatter about a potential buyout or takeover in the works.The pps got down to $3.65 this week.Back when pps was above $4.50 I put in a ridiculus buy order in at $3.66 and it filled then bounced. Unfortunately I had bout the same number of shares at fridays close last week at $5.34.Looks to be something you may be intersted in.
Posted by jgrecoconstr on :
Trade #8 is either going to be OCTL (BB) or Stupids pick of LNG (AMEX)which had a great day yesterday. The dilimma is which one. OCTL in my opinion looks perfect, then again LNG has alot of room to move and a big volume spike yesterday with a good close but near it bottom with no support to go by. OCTL yet it has proven supports. Maybe I should just pick one out of a hat.
Posted by tmanfromtexas on :
Hope you got some LNG. That one is screaming. TMAN...
Posted by jgrecoconstr on :
I ended up splitting my funds and picked up 275 shares of LNG * 2.26. Trailing stop kicked in and sold at 7.25 for an 11.5% gain approx. On the bad note I picked up 1,100 shares of OCTL * $1.60 which did nothing today and it looked very promising. I tried to close out that position at the end of the day to consolidate my cash again and only 500 shares sold. I took a .02 loss on those. If I can get rid of the rest tomorrow I certainly will. Someday I will learn(I think that was today) to stay out of pennies.
Posted by tmanfromtexas on :
I quit playing pennies for the most part. If its an ob with a good 10q then maybe but once I get rid of the trash in my account (pinks) I will rid of them for good. Playing some of the regular's picks here have netted me over 13% in a little over a month. That doesnt include PCOLA's trading method. There were a few I shouldhave held onto for another day or two and I would be up alot more, but trying to work and trade is difficult. TMAN...
Posted by jgrecoconstr on :
It't nice to make the mistake in the sense I know now no matter how good it looks to just stay with the big board stocks.
Posted by jgrecoconstr on :
Closed out the rest of OCTL at 1.60, what I picked it up for. Total loss for that trade with commision was 32 dollars. Big dive today for LNG so I gotta love that trailing stop that kicked in yesterday. Here's a question if anyone can answer because I haven't experienced this yet. If you have a trailing stop/stop loss and a stock is dropping like a rock it most likely won't kick in will it? There won't be anyone to buy when it goes down that fast. Would that be true?
Posted by jgrecoconstr on :
Trade#9 looks like it is going to be RSF. Closed at $2.98 last week on an up day close to a support line. Worries me that the average volume is under 200k so it may not move. I should be going in with around $3,800 and need a .10 cent increase. I like LAVA at the same time but going with the first choice.
Posted by jgrecoconstr on :
Out of RSF for about 4%. It closed around 6% but it was staying around $3.15 for most of the day so I may have got out early. I did break the $4,000 dollar level so I should be going into trade 10 just about where I should be depending on which chart you look at.
Posted by tmanfromtexas on :
Good job on this JG. Your up 33% overall in a month. Keep on posting. I am sure alot of folks are starting to go hmmmm. Good luck. TMAN...
Posted by jgrecoconstr on :
Thanks Tman for the support. Ya actually think people are reading this?
Posted by T e x on :
sure...not everybody on the board posts on threads they read, plus we got lurkers...
Posted by tmanfromtexas on :
I agree with TEX, and no we arent the same person, just from the same great state, TEXAS. lol. I have been following since you started and it seems to be working. What triggers are you using on TDA to filter out your picks? TMAN...
Posted by jgrecoconstr on :
LOL, I've never had a lurker since my wife stalked me in college. Tman all I have been doing is looking at Stockcharts every night under their scans for candle patterns for bullish engulphing and then seeing if they are at support and if the sto is coming from 20 and the rsi is improving and the last thing I have started to look for is the volume atleast over 200k. That I learned in the past couple months. On my TDA account I just set the trialing stop orders if I am lucky enough to get over my 3% goal. Actually my wife sets those from her office I just keep checking the PDA through the day and call her when I think it's time to set a trade trigger for the trailing stop. We haven't mastered those yet not even close but they have stopped us from losing on the 3% gain. And since Tex may read this he and Machavelli and 2 other guys names I can't remember pointed me in the right direction quite awhile ago on indicators and use what I felt comfortable with. So I owe them a big thanks for what little knowledge I have. I only wish I had tried to learn this stuff before I blew around 20k on penny stocks when I had no idea what I was ever doing. Seriously ...no idea. I was just following posts in here and buying stocks based on other peoples picks. I never even knew then what support and resistance was and I was buying at the high all those times and just losing big time. I still have a few that just aren't worth getting rid of. Etim, BRVO,USSE, KHK (saw that somwhere) Right there alone is probably 6k that amounts to about 100 bucks if that. As for now though I think I have to do quite a bit more trading to think I have any knowledge cause this could be just dumb luck so far. I would say if I can get to around 30 trades with just a few losses in there then I may know what I'm doing is actually working. Thanks for reading and following it gets kinda lonely in here by myself...... I guess thats where the lurkers come in.
Posted by tmanfromtexas on :
Thanks for the info JG. Hopefully the lurkers will play them now that there is some history to your process. Good luck and I will be lurkin'. TMAN...
Posted by jgrecoconstr on :
One I forgot. Ace of Spades. he's was pretty informative and helpful. So theres a few guys in here that I pretty much think know all you need to know about stocks and trading.
Posted by jgrecoconstr on :
Trade #10 is going to be WFC. Closed at $27.98, rsi is not as close to 50 as I think it should be, sto alittle over 20, volume good, at support for the third time in 3 months and it has room to move. I'm going to try for 140 shares and need to get out atleast at $28.91 to cover the trade fees, $28.81 to just make the 3%.
Posted by jgrecoconstr on :
Got in at $18.04, still holding but down about 1%. Wasn't any really bleak news on it that I saw on Yahoo. Maybe the market as a whole was down.... that I haven't checked either.
Posted by tmanfromtexas on :
JG, most of the banks went down today, I have SBIB which is a regional bank, I think its cyclical myself. TMAN...
Posted by jgrecoconstr on :
You must be right cause it wasn't the whole market. I think it still looks good at support for Monday, hoping anyway.
Posted by greg755 on :
I started this 2-1/2 years ago in a separate account with $3000. I didn't use any body's chart I just made my own up in an excel spread sheet.. I also have it computed at 2% 4% 5% 6% and 7% .In In a perfect world at these numbers I should be as rich as Warren Buffet by now.
Reality is: I am doing OK, but the key is X amount of successful trades.
I am up to about $11,000 in this account after the costs of trades, and the ALL Important Capitol Gaines Taxes.
In that time period I have made about 450 trades. 95 of them have been looses, though the loss is small (percentage wise) it takes a 4 or 5 percent pop to recover....
Over all it is a lot of work but so far it has out performed my other 2 portfolios...
With that being said, it could all evaporate in a hartbeat (I had two hard hits one for -42% and the other for -30%) so even though I have done good on the returns, There is no way that I would take the risk with serious money.....
Posted by jgrecoconstr on :
Gregg how did the hard hits come about. Were you in it and it gapped down the next day, bad news brought it down? Were you hoping to recover and just kept holding? I have sold as soon as I have had a 3% loss so I don't have to make up more ground. What kind of stocks are you playing and what are you looking for in parameters with each one.Fill me in I would love to hear more.
Posted by tmanfromtexas on :
me too... TMAN...
Posted by jgrecoconstr on :
Well definitely not a great pick with WFC. Still in it but was very tempted to dump it when it went below 27. Currently at about a 3% loss but it's still hanging around support. Tuesday will tell what to do with it. Big sell off at the end of the day so this may be where a gap down happens and I'm stuck at a huge loss. I was thinking that before the close and chose to saty in. Could be a big mistake on my part.
Posted by jgrecoconstr on :
Still in and still just under support. To me all the other indicators are obviously way off. Yahoo is pretty much all postive news according to some articles one of two finacial institutions worth buying. Down over 4% so far so I'm going to hold out another day. If it stays in the same price range I'll continue holding.
Posted by jgrecoconstr on :
Down 5%.......... a sinking ship and I'm not ready to jump off yet.
Posted by jgrecoconstr on :
The chart looks better from yesterday.
Posted by jgrecoconstr on :
Down 10% to date. Though decision on what I want to do. It seemed promising on Thursdays close but dropped alot on Friday. I guess I'll ride it out awhile.
Posted by greg755 on :
How did I take two big hits??? I didn't pay attention to my own rules...
#1 I have a hard fast rule (with this account) that I NEVER leave a stock in over night. I usually am in and out of the markets from 9am to about 1130 am. In 4 of the biggest hits I got I some how decided that I liked these stocks and it was ok to leave them active.... Emotions suck.
#2 I always sell my losses at 3%. But in all of my losses ( over 3%) I tried to out smart my self and over think things, this led to buying more shares (at the even lower price) in the greedy hope that when they rebounded I would make even more... 95% of the time that didn't pan out... #3 And this is the hard one to break I have to stay away from the pink sheets..... but they are just so damn fun...
Posted by jgrecoconstr on :
Thanks for the info Greg. Number two is the one killing me at the moment. Pennies I learned my lesson on. I thought I did before but I did for good a few weeks back. Luckily I got out with just the trade fee lost. I'm hardly ever in and out in a day though a few times yes but this one now is my longest. If it hits -12% I'll leave it but I think it found bottom yesterday so I am still holding.
Posted by tmanfromtexas on :
You called that bottom right on time JG. Up over .70 in the first 4 minutes of trading. Looks like most bank stocks are up today. TMAN...
Posted by jgrecoconstr on :
Are you still in Tman? I'm hoping it finds 28 next week. 29 would be better.
Posted by tmanfromtexas on :
I got out today at 26.52. This thing was really wild today. SBIB was too. They both took off like rockets but then started dropping. SBIB ended up down .02 after being up over 3%. TMAN...
Posted by stocktrader22 on :
TMAN I wish you stayed in AAACW with me man!
Posted by tmanfromtexas on :
I here ya stock... that has had a nice run so far. I am keeping up with it but havent jumped back in. Any time frame for the move to naz? TMAN...
Posted by jgrecoconstr on :
Still holding for some stupid reason. You could have made a fortune day trading this. It followed the same pattern pretty much every day this week. Next week I'm out win or lose ( more than likely lose) but you never know. A owners contribution to the cash fund could be in order.
Posted by jgrecoconstr on :
Bruce Springstein...... one step forward two steps back. Out of WFC at 24.04 this morning. I couldn't stand it any longer for a total loss of 14%. I'll be in something else if I can find anything with $3,500 to put me back around trade 5 or 6 again.
Posted by jgrecoconstr on :
URRE closed at 3.30 up from close to an old support on huge volume today. Indicators to me look promising. Lets see what happens.
Posted by jgrecoconstr on :
Got in URRE at 3.41 trade trigger kicked in at 3.76 for close to 12% gain. Closed at near or over $4 so I missed a lot in there withthe trigger kicking in. Should have around $3,800 for friday hopefully. On another note WFC was up today so obviously yesterday was bottom but it was a new 52 week low. I think it was up over 4% last I looked.
Posted by tmanfromtexas on :
Good call on URRE. The banks are really fickle lately. TMAN...
Posted by jgrecoconstr on :
Glad you made some cash on WFC Tman. If I have the funds for friday and it looks like siri is going to turn then I would like to take a shot on that one. I have been long from the 5 to 6 dollar range from years ago on that one. I can't believe it's this low so it seems like a good oppurtunity for a quick gain.
Posted by jgrecoconstr on :
Had a buy in for SIRI at 1.80 and missed. Could have been a nice gain and I wouldn't be surprised to see it gap Monday.
Posted by jgrecoconstr on :
Placed a premarket order for 1700 shares of SIRI at 2.05. Isn't a support play since it's off a new low but to much hype over the merger to ignore and a nice chart from friday.
Posted by jgrecoconstr on :
In Siri for 1700 shares at 2.05
Posted by jgrecoconstr on :
I hate these long holds. It's been edging back up the past couple days. I may get out next week if the price stays the same.
Posted by jgrecoconstr on :
Not only is SIRI dead in price it died in my truck.
Posted by jgrecoconstr on :
It looks like this 3% deal is over for awhile. SIRI more than likely to do a R/S later in the year. Not much left since I bought in a $2.05 and it's trading around .40. I wish I had got out the day before the merger when I was up 30%. Never would have thought that once approved it would drop like a rock. Kind of a perfect example of something that didn't meet the profile for what I was looking for and I jumped in anyway on a gamble that the approval would let it take off. Wrong on that one.
Posted by Peaser on :
Looking for it, along with other stocks on the OTCBB next year, unless rules are changed.
Posted by jgrecoconstr on :
It won't end up on OTC's, more than likely a split.
Posted by jgrecoconstr on :
Well, I'm done for quite sometime SIRI is pretty much crap now. I'll go thru the R/S and just leave it in my account for years and maybe something will become of it, maybe. I'll give this 3% a try once I come up with cash which doesn't look to be any time soon with the construction business in the toilet at the moment. I have been trading out of the wifes 401k the past month and not doing to bad there. I've added about 5% to her balance. So I'll be back and this time I won't deviate from what I am supposed to be doing which isn't play a stock on a whim. Another lesson learned. God does it ever stop!!!!
Posted by jgrecoconstr on :
Great news for me......... nope SIRI didn't go up. My wife seeing me so depressed I couldn't gamble on stocks anymore opened an account for me. So sometime next week I am going to pick up where I left off at $3,400 and try it again. I would have to look but I believe I have 500 free trades and $5 a trade thereafter if I'm still kicking by then.
Posted by jgrecoconstr on :
Got in DXO actually Friday at $3.10
Posted by PCola77 on :
Nice one. I actually sold at 3.06 from 2.30ish average. Had more than half of my 401K/IRA in it, so that was pretty nice. Can't say I hope it keeps going for you, since that would mean gas prices go back up, but I wish you luck anyway.
Posted by jgrecoconstr on :
Common sense tells me to get out what I wanted but the volume is just way to impressive.
Posted by tman75 on :
I got in dxo at $2.08 last week and pulled out today at $3.20.
Posted by AJGrano on :
quote:Originally posted by tman75: I got in dxo at $2.08 last week and pulled out today at $3.20.
Hey I use sharebuilder and that sob won't let me purchase anything I really want. I wanted to get DXO when you guys first started to bring it up around the 1.60-1.80 range I believe. What broker do most of you use?
Posted by EverGreen on :
depend what kind of service-product you want watch these:
successTrade - Lowtrade - Just2trade (same group)
firstrade
tradeking
choicetrade
quote:Originally posted by AJGrano:
quote:Originally posted by tman75: I got in dxo at $2.08 last week and pulled out today at $3.20.
Hey I use sharebuilder and that sob won't let me purchase anything I really want. I wanted to get DXO when you guys first started to bring it up around the 1.60-1.80 range I believe. What broker do most of you use?
Posted by jgrecoconstr on :
Out of DXO at 3.60
Posted by jgrecoconstr on :
In SNDK at 12.85 Should have picked it up two days ago when it was around 17% lower
Posted by PCola77 on :
Nice job!
quote:Originally posted by jgrecoconstr: Out of DXO at 3.60
Posted by jgrecoconstr on :
Partially filled on 9400 shares of KEM at .36
Posted by jgrecoconstr on :
In ANDS at 3.05 for 1k shares
Posted by jgrecoconstr on :
Out of ANDS at 3.45
Posted by AJGrano on :
quote:Originally posted by jgrecoconstr: Out of ANDS at 3.45
nice!
Posted by AJGrano on :
I think I'm going to start this challenge within the next couple of weeks. Should be fun, I can't wait!!!
Posted by jgrecoconstr on :
In C this morning a little to early at $4.34 no worries though as I feel confident it will go up some from there. Still in KEME poor choice on that one but it has been holding steady around .28. Sold SNDK earlier this week for around a 6% loss.
Posted by jgrecoconstr on :
still holding KEME at a little more than even money at the moment. Should gain some ground next week since it's been on the way up. Still in C but no worries on that just wished I had waited to buy a little longer. Selling half my WFC on Monday, got in that for 1k at 9.85. I should have sold at 18 a couple weeks back and bought back in but never did. I was holding out for a double to dump half and ride the rest. That's Mondays plan.
Posted by jgrecoconstr on :
dumped half of WFC on Monday in the 19 dolaar range. KEME closed over .40 gonna see where it goes before I put in a stop/loss.
Posted by BooDog on :
P M I GROUP INC(NYSE: PMI) After Hours: 0.73 0.01 (1.39%) 6:47PM EThelp Last Trade: 0.72 Trade Time: 4:02pm ET Change: 0.03 (4.35%) Prev Close: 0.69 Open: 0.70 Bid: N/A Ask: N/A 1y Target Est: 2.50 Day's Range: 0.69 - 0.74 52wk Range: 0.26 - 6.49 Volume: 1,410,962 Avg Vol (3m): 1,664,830 Market Cap: 58.96M P/E (ttm): N/A EPS (ttm): -11.40 Div picked some up today
Posted by jgrecoconstr on :
Boo.... hold onto it for that 52 week range of 6.49. that would be awesome!!!!
Posted by cassity on :
jg...a quick 3-10% could be made on XRM or BEE. Try to buy after the morning dip and hold for about 3-4 hrs and you'll have your percentage.. GLTY
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: Boo.... hold onto it for that 52 week range of 6.49. that would be awesome!!!!
and pass up stopping at 3%???
also watching some of the builders to see if they can dip back or keep going CHB BZH HOV and started to look at CAV but that one has a lot of dust on it.
Posted by jgrecoconstr on :
Boo I've made some bad picks and bought in at the wrong time the past few months. I'm still doing the small % gain, I mean it's on my mind but I'm kinda just letting things ride. I'm up about 700 on KEME but not ready to sell just yet because it has been gaining ground slowly since it was delisted months ago and tanked. There aren't many stocks that fit the profile I was trying to trade from last year. All those established support lines have all been broken. Good luck today!!
Posted by BooDog on :
I try to watch the charts for the most part. Just sold half my Ford the other day since it teetered. imo it's a lot to do with support and resistance and risk tollorance as a swing trader. Keeping the stop loss ON and watching fo the major resistance points. There are certainly plenty of decent stocks out there. After the big sell off in March and thier bounces i'm looking for many to consolidate. I keep my practice account going also to keep practicing moves like GCI made and some others that are breaking or trying to break out. just a matter of taking the time to find them and do the dd. Still working full time so i may play many on my practice account that i don't play for real since i can't be on the trigger. anyway, just rambling. cheers
Posted by BooDog on :
quote:Originally posted by BooDog:
quote:Originally posted by jgrecoconstr: Boo.... hold onto it for that 52 week range of 6.49. that would be awesome!!!!
and pass up stopping at 3%???
also watching some of the builders to see if they can dip back or keep going CHB BZH HOV and started to look at CAV but that one has a lot of dust on it.
CHB BZH HOV each gave a bit more than 3% today PMI on the otherhand ...... yawn
Posted by jgrecoconstr on :
If SIRI keeps this up I'll only be down 50% in awhile.
Posted by The Bigfoot on :
jg. I just uncovered your thread. (Only took me a year eh? LOL)
Good Luck to you!
I would like to give you a pep talk and a few recommendations as you take this on a second time.
Keeping your money in cash is a form of taking a position. In fact, it should be your primary position. If your cash is spending more time in stocks than it is in your account than you are taking unnecessary risks.
For this type of dip and dunk trading MOMO is king. Don't try to call bottoms or get in on the ground floor of anything. Predictions are for speculators. You are a shark that only moves in when the smell of blood is in the water. Look for movers that are already well into their bounce but show no signs of slowing. If the trading even starts to lag - sell. If it is taking you more than 2 minutes to decide to sell you are not being assertive enough in your exit decisions and will get caught again.
Never never never never never never never hold overnight! If you feel you should be holding overnight then you are either A) In a runner and no longer playing the 3% program. Or B) in a stock you should have sold hours ago.
Always keep your head in the game. This program is about 200 trades, not 200 investments. You are Donald Trump...if your stock is not performing as expected "Fire Them!"
As your zeros grow the zeros in the stocks that you let yourself invest in should shrink. I.E. when you have 3k let yourself trade down to $.01. When you have 10k only let yourself trade down to $.10. When you have 100k (WHEN...not IF!) only let yourself trade down to $1.00. When you have 200k only let yourself trade down to $2.00. When you have 300k only let yourself trade down to $3.00. Et cetera, Et cetera, and so forth. This will keep you in stocks where your coin is not likely to overwhelm the trading patterns. (You should always check the OS prior to entering just to be sure. Never own more than what is trading over a few minutes span. Never own more than a full percent of the OS.)
Remember your goal above all else. This is not about the company, this is not about the stock, this is not about news or revenues or profits or dividends. This is not about ****ging, this is not about friends, this is not about other traders and their opinions. This is about 3%. Period.
Cut SIRI. Now. Your last post says it all.
quote:Originally posted by jgrecoconstr: If SIRI keeps this up I'll only be down 50% in awhile.
This stock and the loss you are not willing to accept is making you feel defeated and helpless. You cannot succeed with this type of program with that kind of baggage! It is slowing you down. Cut it away from you...take a week off...shake out the rest of your emotions...and when you come back SIRI did not exist. Always: the previous trade did not exist. That is the past, your head needs to be continually focused on the present. Be ready to hit sell the second the stocks start doing something you don't like and move on.
In the future don't 'think', 'KNOW'. If you 'think' XEM is going to go up 3%? Don't get in. That isn't good enough. 'KNOW' XEM is on fire, is going to go up 3%, and it is going to do it within the next 45 minutes. Be assertive and uncompromising like you have never before been in your life.
And behind all of this, every single time you sit down to the computer to do anything that has to do with stocks you are to say out loud as your mantra "I deserve to be happy. I deserve to be healthy. I deserve to be wealthy. I am going to take what I deserve."
Every time you sit down to the computer your sole focus should be on taking what you deserve. Do this and your mind will be in the right spot to make the trades you need to succeed.
My only request - after your time of single minded focus is done...When you have succeeded and taken what you deserve. Don't only make your life better. Make the life of someone else better too. The world is full of people looking for an opportunity. You are now one of the few who has learned that opportunities are not found. They are either given...or they are taken. First you take...then you give.
Bigfoot
Posted by jgrecoconstr on :
Big, after that pep talk I think I can own the world. Thanks for the wisdom and I agree with everything you said to the "T". I will be honest though, there have only been a few times when I absolutley knew I was going to get the 3% on a trade the day I bought or the next day. Some took longer than others. SIRI I wrote off along time ago as a lesson learned, I bought on a gamble on that one it didn't fit what I was looking for but the news and pending news was promising. I should have dumped it when I was up but held for one day to long. The greed got me on that one but lesson learned. I'm going to get back to it seriously in the very near future maybe a couple weeks when things slow down for me here. Thanks for the advice and I'll try to stick to it.
Posted by The Bigfoot on :
It is imperative that you do think you can own the world. Biggest mistake traders make is thinking they did something wrong when a stock goes south. The only thing they did wrong is accepting depreciation and not getting out of the stock that fails them immediately.
Not on the next day. Know it is going up the same day only. Where are you looking for your stocks and what are you using as your to quantify good versus bad?
Posted by jgrecoconstr on :
After reading that again what your actually describing to me is in huge part frame of mind. Also more than anything being right here at the screen following real time trades... correct? There in lies the problem for me to do that. I would always look for a stock that looked good after the market closed when I got home usually late, have my wife pick it up the next morning when the market opened if it was going forward. If we got in we would figure the exit price and she would put in a trailing stop/loss. I would check it on the blackberry throughout the day. I wasn't able to look at level 2's like most people here which is why I never took the time to even earn how to do that, I wish I knew how to read them though in case I ever can stay in the chair all day. Then there is the other point of my mentality that if I did get in a stock and since I was putiing all I had which is what I was supposed to do to acheive the 3% goal if it went down 1 or 2% I could hold it for a turn around because once it was sold the cash took the three days to settle and it wasn't doing me any good to let it sit unuseable. I hope I explained that the way I was thinking of it. But I totally get where your coming from. See if you agree with me on this one..... momentum. How do I play momo if I don't do level2s? I can see what the volume is but I won't know what the average volume is for the stock for that time of day. In some cases for example the average volume is say 100 shares at the end of the day but at 10 am the volume is 70 shares that one is easy to see the momo. I guess what I am asking is how do you play momo without being right here. Or is it better to find the stock that has been down and turned around and play the upside for the day which is basically what I was doing. That one I was comfortable with and more times than not it worked, even on paper when I would practice. But still to be honest few were same day, sometimes 2 or three days even more than a week. I did cut my losses on those and moved on SIRI is just the one that killed me it dropped like a rock, I just couldn't fathom a company that became a monopoly and whose product is great, I have it in my truck, couldn't turn around. I wasn't in love with the stock, I was in love with the product and still am. The majority of the stocks I purchased last year I had no idea what the product even was I just liked the chart and based my pic solely on that. But from here on out I am a f...ing shark and I'll rip your leg off if you get in my way and spit it out if you don't taste good. One last thing I'll say. The hardest part of any of this isn't selling the loss, or picking the stock it's sticking to the gain. The biggest thing I learned is the stop/loss to always use it on the way up. Place that and it takes the greed emotion out of the equation. Thats a wonderful tool and I know what your going to tell me.... use it on the negative side also.
Posted by BooDog on :
Wow Bigfoot, some excellent pointers. More of a swingtrader myself and learning to pull the sell trigger much faster which is like getting hit upside the head for not picking the V8 - "wow why didn't i think of that". I never stop learning. JG I'm not sure how much work you do with charts but imo by learning some of the indicators you can see how the stock may perform much easier than just picking something that may only provide a little spit in the wind and come right back at you. Here's a link to some of the training videos that Ace of Spades put here... http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/ f/9/t/002175.html? Best of luck!
Posted by jgrecoconstr on :
Boo, I felt pretty comfortable with the indicators I was following back then, rsi,sto,volume,support line, and bullish candles. They seemed to work for me more times than not. I think and maybe I'm wrong that you can just confuse yourself trying to many indicators. I think Tex once pointed that out to me but my memory ain't what it used to be.
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: Boo, I felt pretty comfortable with the indicators I was following back then, rsi,sto,volume,support line, and bullish candles. They seemed to work for me more times than not. I think and maybe I'm wrong that you can just confuse yourself trying to many indicators. I think Tex once pointed that out to me but my memory ain't what it used to be.
stick to what works for you. no doubt about it.
Posted by The Bigfoot on :
quote:Originally posted by jgrecoconstr: After reading that again what your actually describing to me is in huge part frame of mind.
Correct. The stock market is a mental game. Being mentally prepared means everything here. If you are not in the right frame of mind others can take advantage of you and your capital.
Also more than anything being right here at the screen following real time trades... correct? There in lies the problem for me to do that. I would always look for a stock that looked good after the market closed when I got home usually late, have my wife pick it up the next morning when the market opened if it was going forward. If we got in we would figure the exit price and she would put in a trailing stop/loss. I would check it on the blackberry throughout the day.
Being in front of the screen is important but if you are working tag-team with your wife there may be solutions. Nearly all of your thinking should be done prior to entering a stock. This can be your portion. You already know what you like in a stock, continue to look for those that match your desired qualifications. Put together a list of stocks to watch, volumes and momentum signals to look for, etc. Her portion would be buying, watching, and selling. This is where the discipline is hardest. You must be able to cut immediately if the stock is not performing to expectations. Keeping a tight stop loss is a good way to conserve capital but you should really be thinking about getting in and out so fast that a stop loss is unnecessary. If you are not actively working to keep your exposure to risk at as close to nil as possible then it doesn't really make sense to be going after small gains.
A tip on entry points: Unless your stock is really booming (to the point where you think you could get in, get your 3%, and get out again within minutes) you should not buy within the first hour of trading. There is often a lag that happens after the first traders have taken their positions when buyers hold back to see if sellers will come down. Sitting this out is fine...if you are an investor who has faith in the stock. Those who play the small gains program are not investors and don't rely on faith. Small gains players dart in, take a bite, and dart away before anyone notices.
I wasn't able to look at level 2's like most people here which is why I never took the time to even earn how to do that, I wish I knew how to read them though in case I ever can stay in the chair all day.
L2's are nice and some traders swear by em but ultimately they are unnecessary. I don't pay for them, you shouldn't either unless you are going to quit your day job and sit in front of the ticker all day long.
Then there is the other point of my mentality that if I did get in a stock and since I was putiing all I had which is what I was supposed to do to acheive the 3% goal if it went down 1 or 2% I could hold it for a turn around because once it was sold the cash took the three days to settle and it wasn't doing me any good to let it sit unuseable. I hope I explained that the way I was thinking of it. But I totally get where your coming from.
I understand the reluctance but Always Remember, if you lose 1% you have to make 2% on the next trade before you break even. Keeping losses small is more important than anything else.
You feeling the pressure of time? You can't wait 3 days for your cash to settle? BAD BAD thinking!!! You are exposing yourself to risk because of impatience. Make one 'good' trade a week and on this program you will be a millionaire in less than four years. Is that not quick enough for you? Throw your impatience out the window. It is hurting your chances for success. By the way...I thought you had a margin account. Why aren't you using it?
See if you agree with me on this one..... momentum. How do I play momo if I don't do level2s? I can see what the volume is but I won't know what the average volume is for the stock for that time of day. In some cases for example the average volume is say 100 shares at the end of the day but at 10 am the volume is 70 shares that one is easy to see the momo. I guess what I am asking is how do you play momo without being right here.
L2's give you depth in market maker positions but in the end does not help measure momo. You measure momo by the excitement level of the traders, the volume accelerating in pace, and the indicators and pps appreciating in value. L2's can be masked. Forward movement speaks for itself. 10 minute or sixty minute charts spanning a few days should give you an idea about average and above average volume and indicator directions. Skimming the discussion boards should give you an idea about investor sentiment. This is something your wife would have to learn or you yourself would have to pre-plan personal expectations so that when you have that moment to look at your blackberry you can quickly see if the pace is matching your expectations.
Or is it better to find the stock that has been down and turned around and play the upside for the day which is basically what I was doing. That one I was comfortable with and more times than not it worked, even on paper when I would practice. But still to be honest few were same day, sometimes 2 or three days even more than a week.
Seeking the top actives and looking at BooDogs swing stocks are both good ways to find potential companies. How large is the pps of these companies you are investing in? It could be you are investing in stocks that are too large for your bankroll to be used effectively. When your roll is small you should be concentrating in stocks a dollar or under that gain percentages quickly. Leave the big stocks for when you have big money.
I did cut my losses on those and moved on SIRI is just the one that killed me it dropped like a rock, I just couldn't fathom a company that became a monopoly and whose product is great, I have it in my truck, couldn't turn around. I wasn't in love with the stock, I was in love with the product and still am.
You don't really need me to say anything to this, you learned your lesson. Just a general word of wisdom that a company's product and its stock are related about as closely as your foot and your ear. They may both be a part of the same body but in the end, there is so much stuff in between that they don't really have much to do with each other.
The majority of the stocks I purchased last year I had no idea what the product even was I just liked the chart and based my pic solely on that. But from here on out I am a f...ing shark and I'll rip your leg off if you get in my way and spit it out if you don't taste good. One last thing I'll say. The hardest part of any of this isn't selling the loss, or picking the stock it's sticking to the gain. The biggest thing I learned is the stop/loss to always use it on the way up. Place that and it takes the greed emotion out of the equation. Thats a wonderful tool and I know what your going to tell me.... use it on the negative side also.
LOL Damned right on all counts. You are a ****ing shark and you take what you want! (Don't let it suppress your aggressiveness...but you are a small shark. The mistakes that happen from holding an appreciating stock beyond the percentage?...That means a bigger shark came along a took a bite out of you while he was taking a bite out of the stock.) Never try to predict bottoms. Never hold and try to predict tops. Take your bite (3-6% or so) and move back to the safety of your brokerage account.
Posted by jgrecoconstr on :
Big, you must be making a killing in motivational speaking engagements. If not then you should probably be looking for a second career. All good points that I can reference back to. No on the margin account, never did get approved for one but I have 10 k in there I can split up and approach this at three fronts. After all why settle for a million when I can have three. ( I got that attitude adjustment from you...Lol)
Posted by BooDog on :
Excellent words of advice Bigfoot. That is a post worth reading every day. Set your rules and stick to them.
Posted by jgrecoconstr on :
Out of KEME today at .51 was in at .36
Posted by jgrecoconstr on :
actually was out of KEME at .56 Looking at getting into AUY Friday or possibly ANDS again. I think that was just oversold on news.
Posted by jgrecoconstr on :
going for 600 shares of AUY, need a .25
Posted by jgrecoconstr on :
Was in AUY at 8.14 out at 8.41.. Big you'de be proud of me, I was going to sell at a 1% gain as the day was getting late but I got the 3.
Posted by The Bigfoot on :
Posted by IMAKEMONEY on :
The Bigfoot, WOW TO ME LL2s ARE EVERYTHING!
Posted by The Bigfoot on :
LOL Money,
I've tried em out but feel I can get what I need asking for updates and save myself the subscription.
BUT...don't tell me, tell jgre here why you like em so much.
How do they help you in your trading?
(P.S. jg...Money is a much more adventurous trader than I am. He will play a stock up, down, and sideways and usually find a profit in it.)
Posted by jgrecoconstr on :
One or the other HIG or OEH for tomorrow. I'll sleeep on it.
Posted by jgrecoconstr on :
Oh my God....... the wife didn't buy either. Both up 8%
Posted by The Bigfoot on :
That's alright. Nothing lost is a gain. If she wasn't confident in the picks she made the right choice.
Posted by BooDog on :
P M I GROUP INC(NYSE: PMI) After Hours: 0.77 0.01 (1.32%) 7:24PM EThelp Last Trade: 0.76 Trade Time: 4:04pm ET Change: 0.13 (20.63%) Prev Close: 0.63 Open: 0.64 Bid: N/A Ask: N/A 1y Target Est: 2.50 Day's Range: 0.61 - 0.84 52wk Range: 0.26 - 6.49 Volume: 6,046,416 Avg Vol (3m): 1,763,830 Market Cap: 62.24M P/E (ttm): N/A EPS (ttm): -11.40 Div & Yield like to see this dip back under .7 1st but we'll see
EFJohnson Technologies, Inc(NasdaqGM: EFJI) After Hours: 0.00 N/A (N/A) 8:00PM EThelp Last Trade: 0.69 Trade Time: 3:58pm ET Change: 0.05 (7.49%) Prev Close: 0.64 Open: 0.67 Bid: 0.62 x 500 Ask: 0.70 x 17800 1y Target Est: 2.46 Day's Range: 0.66 - 0.70 52wk Range: 0.58 - 2.10 Volume: 21,258 Avg Vol (3m): 41,979.4 Market Cap: 18.18M P/E (ttm): N/A EPS (ttm): -0.80 Div & Yield need to watch closely, earning call coming up on Wed. flip a coin lol
FORD MOTOR CO(NYSE: F) After Hours: 5.75 0.06 (1.05%) 7:37PM EThelp Last Trade: 5.69 Trade Time: 4:00pm ET Change: 0.29 (4.85%) Prev Close: 5.98 Open: 5.99 Bid: N/A Ask: N/A 1y Target Est: 4.37 Day's Range: 5.56 - 6.00 52wk Range: 1.01 - 8.68 Volume: 102,843,727 Avg Vol (3m): 65,229,700 Market Cap: 13.64B P/E (ttm): N/A EPS (ttm): -6.46 Div & Yield: I met all my targets on this and sold yesterday. Missed getting back in on todays low but watching.
Eddie Bauer Holdings, Inc.(NasdaqGM: EBHI) After Hours: 0.00 N/A (N/A) 8:00PM EThelp Last Trade: 0.35 Trade Time: 3:59pm ET Change: 0.03 (9.27%) Prev Close: 0.32 Open: 0.32 Bid: 0.32 x 800 Ask: 0.39 x 1300 1y Target Est: N/A Day's Range: 0.30 - 0.37 52wk Range: 0.24 - 8.72 Volume: 1,015,032 Avg Vol (3m): 747,295 Market Cap: 10.79M P/E (ttm): N/A EPS (ttm): -5.38 Div some of the retails had a bit of a pop already, we'll see if this one does too.
Posted by jgrecoconstr on :
She just plain ole forgot Big.... anyway going to try for 3700 shares of OCNF on Monday.
Posted by jgrecoconstr on :
Picked up 3400 OCNF at $1.52, stopped out at 1.65 for almost 9%
Posted by cassity on :
XRM might be one to watch over the next few weeks. CNO is my baby, been holdin since .75.. GLTA
Posted by The Bigfoot on :
Nice Job JG!!! That's three in a row with one taking three spots on the chart. Keep it up!
Posted by jgrecoconstr on :
TY Big.... and you know what I learned today... be happy!!! and never look back no matter how curious I am. OCNF hit $2.05 today that could have been another 25% but hey it could have been -25% too!!
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: TY Big.... and you know what I learned today... be happy!!! and never look back no matter how curious I am. OCNF hit $2.05 today that could have been another 25% but hey it could have been -25% too!!
nice jgrecoconstr
Posted by BooDog on :
quote:Originally posted by The Bigfoot: LOL Money,
I've tried em out but feel I can get what I need asking for updates and save myself the subscription.
BUT...don't tell me, tell jgre here why you like em so much.
How do they help you in your trading?
(P.S. jg...Money is a much more adventurous trader than I am. He will play a stock up, down, and sideways and usually find a profit in it.)
I can say how they help me. Even as a swing trader it's good to see who is leading the pack and what kind of interest is weighing in on the play. More important to you daytraders, but if there are only a couple MM's flipping back and forth to eachother then there could be a chance that the play won't go how you want. The charts reveal a lot and having a set of rules to follow such as a 2 mil volume minimum daily average helps to make sure there is at least someone there to buy your shares when you're ready, but glancing at the LII's shows who you're up against when you get close to your targets and you can see how to take the edge and put it in your favor for the price going in or getting out. A little more info... http://www.value-stock.com/level2.htm Posted by BooDog on :
quote:Originally posted by BooDog: very interesting week no doubt about it.
P M I GROUP INC(NYSE: PMI) After Hours: 0.77 0.01 (1.32%) 7:24PM EThelp Last Trade: 0.76 Trade Time: 4:04pm ET Change: 0.13 (20.63%) Prev Close: 0.63 Open: 0.64 Bid: N/A Ask: N/A 1y Target Est: 2.50 Day's Range: 0.61 - 0.84 52wk Range: 0.26 - 6.49 Volume: 6,046,416 Avg Vol (3m): 1,763,830 Market Cap: 62.24M P/E (ttm): N/A EPS (ttm): -11.40 Div & Yield like to see this dip back under .7 1st but we'll see
EFJohnson Technologies, Inc(NasdaqGM: EFJI) After Hours: 0.00 N/A (N/A) 8:00PM EThelp Last Trade: 0.69 Trade Time: 3:58pm ET Change: 0.05 (7.49%) Prev Close: 0.64 Open: 0.67 Bid: 0.62 x 500 Ask: 0.70 x 17800 1y Target Est: 2.46 Day's Range: 0.66 - 0.70 52wk Range: 0.58 - 2.10 Volume: 21,258 Avg Vol (3m): 41,979.4 Market Cap: 18.18M P/E (ttm): N/A EPS (ttm): -0.80 Div & Yield need to watch closely, earning call coming up on Wed. flip a coin lol
FORD MOTOR CO(NYSE: F) After Hours: 5.75 0.06 (1.05%) 7:37PM EThelp Last Trade: 5.69 Trade Time: 4:00pm ET Change: 0.29 (4.85%) Prev Close: 5.98 Open: 5.99 Bid: N/A Ask: N/A 1y Target Est: 4.37 Day's Range: 5.56 - 6.00 52wk Range: 1.01 - 8.68 Volume: 102,843,727 Avg Vol (3m): 65,229,700 Market Cap: 13.64B P/E (ttm): N/A EPS (ttm): -6.46 Div & Yield: I met all my targets on this and sold yesterday. Missed getting back in on todays low but watching.
Eddie Bauer Holdings, Inc.(NasdaqGM: EBHI) After Hours: 0.00 N/A (N/A) 8:00PM EThelp Last Trade: 0.35 Trade Time: 3:59pm ET Change: 0.03 (9.27%) Prev Close: 0.32 Open: 0.32 Bid: 0.32 x 800 Ask: 0.39 x 1300 1y Target Est: N/A Day's Range: 0.30 - 0.37 52wk Range: 0.24 - 8.72 Volume: 1,015,032 Avg Vol (3m): 747,295 Market Cap: 10.79M P/E (ttm): N/A EPS (ttm): -5.38 Div some of the retails had a bit of a pop already, we'll see if this one does too.
okay check this out, got shaken out of PMI, hell of a run there that i missed because i got spooked by the fundamentals. Watching CNO since i didn't have the powder. F didn't play it. EBHI sold half at .75 from .318 Just sharing Jr. not butting in on your thread. I'm a swing trader not a daytrader or 3% trader though if something hesitates and i'm at 3%... see ya.
Posted by jgrecoconstr on :
Boo, fill in all the blank space you want to here, I'm not touchy on a thread. I was thinking if my funds are free tomorrow I would jump in HYC. I have tripled on my free shares of WFC so I'm just letting that ride. If it makes it back to $28 where I believe it had a lot of resistance last summer I'll bail on it. Picked up NENE a few months back when it was .18 just $150 worth but that's up around $400 I believe. C that I was sitting on is close to even I have no worries on that getting in the green, it will happen. Down 11% as of this minute. Once it goes green and I bail I'll have another 3K so I won't have to wait for funds to clear and I can do 3% on two different angles.
Posted by jgrecoconstr on :
Didn't work out time wise this morning to get in HYC. It was up around 9% around 11 am I believe. Closed down for the day though.
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: Boo, fill in all the blank space you want to here, I'm not touchy on a thread. I was thinking if my funds are free tomorrow I would jump in HYC. I have tripled on my free shares of WFC so I'm just letting that ride. If it makes it back to $28 where I believe it had a lot of resistance last summer I'll bail on it. Picked up NENE a few months back when it was .18 just $150 worth but that's up around $400 I believe. C that I was sitting on is close to even I have no worries on that getting in the green, it will happen. Down 11% as of this minute. Once it goes green and I bail I'll have another 3K so I won't have to wait for funds to clear and I can do 3% on two different angles.
Click... 3% 2 different angles, good idea. kinda like my doin a $500 experiment with one fund and another management with annother fund. Almost like diversifying. Kinda hard not to get distracted. imo Cash is a most welcome position sometimes. Plan the plan... trade the plan.
I need to say this to myself every few seconds now. Get a little bitto honey and it wants to burn a hole right through.
Posted by jgrecoconstr on :
I didn't do to hot end of the week, didn't lose anything I just missed getting in Thursday, and then was apprehensive on friday. I was interested in jumping in CML Friday but the downturn the day before scared me off. That was up 6% so another oppurtunity I blew.
Posted by The Bigfoot on :
You made the right choice. You were unsure. The only blown trade is one where you take a loss.
A lost opportunity is nothing. There are 100's of stocks with a three percent gain every day. You can only capitalize on a fraction of a fraction of a fraction of them. While you were thinking about CML you let another hundred go without realizing it. Are you discouraged at your inability to follow the entire stock exchange at the same time? No, it is unreasonable for you to expect that of yourself.
It is also unreasonable of you to expect that you will capitalize on every stock you look at. Remember...you are not here to chase money, you are here to make money. Take the fruits of the choicest stocks that pass your scans and dismiss the rest as not worth your time.
Posted by jgrecoconstr on :
Damn........ where the hell were you when I was growing up. I coulda used you back then, I may have been a surgeon, or a astronaut, not whacking nails for twenty years. Are you looking to adopt a middle aged balding male? I can rake the lawn and chit!!!
Posted by T e x on :
quote:Originally posted by The Bigfoot: You made the right choice. You were unsure. The only blown trade is one where you take a loss.
A lost opportunity is nothing. There are 100's of stocks with a three percent gain every day. You can only capitalize on a fraction of a fraction of a fraction of them. While you were thinking about CML you let another hundred go without realizing it. Are you discouraged at your inability to follow the entire stock exchange at the same time? No, it is unreasonable for you to expect that of yourself.
It is also unreasonable of you to expect that you will capitalize on every stock you look at. Remember...you are not here to chase money, you are here to make money. Take the fruits of the choicest stocks that pass your scans and dismiss the rest as not worth your time.
wheeeeeeeeeee!
lol, now there's a post...
Posted by jgrecoconstr on :
Trying for ANDS tomorrow morning.
Posted by jgrecoconstr on :
Three strikes and I'm out.... missed another one Big.
Posted by The Bigfoot on :
As in you made a bad trade or as in you missed your entry and didn't take a position in ANDS?
Posted by jgrecoconstr on :
Ands........I missed it. But no worries my mentor has gotten into my head.
Posted by jgrecoconstr on :
In for 1200 shares of MU.
Posted by jgrecoconstr on :
out of MU for a 6% loss.
Posted by The Bigfoot on :
OK. Not gonna say good job (since you basically bought at the high today and sold at the low) but this is what you have to be able to accept will happen sometimes since you are not able to watch your trades throughout the day. You did follow the rules and limited your loss somewhat and in that you should be proud.
Be wary of any stock whose bullish trendline was broken recently. It is rare that a stock will truly be able to re-consolidate and grow reliably again within two weeks.
You have had three disappointments followed by a loss and have now reached a very important stage. One that can break you. If, in your next trades, you attempt to "make-up" your losses; you have redefined yourself. That type of trader is not a shark taking a bite out of its prey, that type of trader is a falling man trying to grab something that is already out of reach.
Losses are an unavoidable occurrence for anyone who intends to be a repeat trader. Anyone who trades based on what his account value USED to be is not trading in the present moment and more than likely setting themselves up for complete failure.
Over the next few weeks if you have trouble psyching yourself up into being a shark when you are looking at stocks then it would be best for you to take a break and reevaluate (and regain confidence in) your picking process. If you feel you must trade, for a few weeks (until your confidence returns) think of yourself as a cyclist climbing a steep hill that just looked up and realized you were not as far along as you thought you were.
As any cyclist knows, if you are staring at the crest of a hill that is pushing your limits your strength will fail you. However, if you stare instead at the concrete directly in front of you and concentrate only on the immediate, before long you will find yourself at the top of the hill.
As a trader, if you can't not find the shark within you but can't allow yourself a break, then you need to narrow your focus to the immediate moment and keep strict limits both low and high and be looking ONLY for that 3%.
Most folks when they are feeling down relax their limits thinking they have already lost X so they might as well play riskier and hope for a big score to bring them back to par. It is an understandable reaction but the exact wrong thing to do. When you find yourself going too fast and caught in a skid on a gravel road it is understandable to want to hit the brake, but it is the gas pedal that will take you out of the skid where the brake will only leave you upside down in the ditch.
Posted by SoAngel on :
The Bigfoot- I enjoyed reading that response.
Posted by jgrecoconstr on :
Yeah he's pretty cool isn't he !!! I'm still waiting for those damn adoption papers to come from him though. Anyway about the response. I actualy think I have matured some on the emotion part. I liked the pic and felt comfortable with it which is why I bought it after hours yesterday, it all looked good and fit the parameters I was using. Today though just wasn't a good day to buy only because the wife was out of her office all day. She breezed in once and saw it was down 3% and didn't sell it.... we discussed that so she understands now that if I'm not around she has to take control. The good note is I haven't jumped in a stock just to be in one, I used to do that, felt Ihad to be in our what was the use...... so I'm done with that, which is a good thing. MU was the first one I have seen since missing out on the other three buys that I liked, the volume impressed me as well as chart wise it looked like it had a little more life in the turn around. So am I pissed I lost?? not at all, I'm more pissed she didn't sell at the negative 3 but mistakes happen. When I get in a next one I won't be trying for the whole loss back, simply the three and then a trailing stop to get whatever extra it wants to give. Your doing good teaching... quit yer day job.
Posted by The Bigfoot on :
Not Yet...not yet.
Good to hear you head is in the game. You sounded disappointed with yourself after you missed ANDS and I'd assumed you'd be low after having to cut and run on MU. Looking forward to seeing your next move.
Posted by jgrecoconstr on :
My next move is to hopefully find a cheap flight and a room near yellowstone for a couple days to get some digital track pictures. elk,grizzly,etc. You gotta a plane Big you can pick me up in?
Posted by jgrecoconstr on :
shooting for PMCS in the a.m.
Posted by jgrecoconstr on :
Out for a 3% loss, that's two in a row. So I'm down a total of 9% for the last two. It looked good just didn't do what it was supposed to. Done for the week unless the cash settles by friday a.m. but I doubt it will.
Posted by jgrecoconstr on :
Going for one of the following three tomorrow. GRMN, FTK or CMCSA.
Posted by jgrecoconstr on :
got into comcast, down slightly
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: got into comcast, down slightly
freekin crazy day JG. Bringin my fins back up on radar now. PMI for under 1.75, CNO for the dip and if ABK can dip closer to the $1 cool. Anyway, fins are geting hit again and there are still some gaps that may never fill.
Posted by BooDog on :
My fin list
MBI Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $6.50[-] $6.52 $6.50 -0.16 -2.4% $6.72 $6.66 3,772,176 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 962 603 NYSE New York NYSE New York $6.83 $6.47 $19.07 $2.17
ABK Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $1.26[-] $1.28 $1.27 -0.05 -3.79% $1.32 $1.32 4,270,749 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 1 1 NYSE New York NYSE New York $1.34 $1.27 $10.08 $0.35
FBR Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $0.39[+] $0.40 $0.39 -0.02 -4.88% $0.41 $0.41 3,556,567 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 1 1 NYSE New York NYSE New York $0.426 $0.38 $2.29 $0.06
UVE Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $4.58[-] $4.65 $4.59 0.04 0.88% $4.56 $4.55 148,095 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 1 1 PCX Pacific AMEX American $4.67 $4.49 $4.67 $2.31
SUAI Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $3.13[-] $4.18 $3.62 0.12 3.43% $3.50 $3.50 76,580 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 6 6 NASDAQ NASDAQ $3.69 $3.50 $6.14 $2.00
GAN Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $3.31[+] $3.46 $3.40 -0.07 -2.02% $3.25 $3.47 2,700 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 2 25 BATS Exchange, Inc. AMEX American $3.40 $3.10 $3.80 $0.82
FAC Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $2.08[-] $2.10 $2.08 -0.13 -5.88% $2.18 $2.21 21,685 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 20 40 NYSE New York NYSE New York $2.18 $2.06 $4.70 $1.66
AFFM Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $3.10[-] $3.88 $3.64 0.11 3.12% $3.58 $3.53 37,182 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 3 57 BATS Exchange, Inc. NASDAQ $3.65 $3.58 $8.11 $0.80
XL Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $9.79[-] $9.80 $9.79 -0.26 -2.59% $10.01 $10.05 7,643,496 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 65 51 NYSE New York NYSE New York $10.17 $9.75 $35.20 $2.56
ACAH Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $0.091[+] $0.15 $0.091 0 0% $0.00 $0.091 0 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 5000 5000 Pink Sheets Pink Sheets $0.00 $0.00 $0.65 $0.01
RBS Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $12.30[-] $12.36 $12.35 -0.61 -4.71% $12.95 $12.96 419,469 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 1 1 NYSE New York NYSE New York $13.00 $12.33 $21.00 $0.80
ramr Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $0.15[-] $0.35 $0.30 0 0% $0.285 $0.30 79,750 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 5000 5000 Pink Sheets Pink Sheets $0.30 $0.285 $3.22 $0.095
ago Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $12.90[-] $12.92 $12.90 -1.15 -8.19% $13.94 $14.05 1,427,455 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 1 1 NYSE New York NYSE New York $14.04 $12.83 $24.91 $2.69
PMI Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $1.84[-] $1.85 $1.85 -0.15 -7.5% $1.97 $2.00 1,780,312 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 1 1 NYSE New York NYSE New York $2.04 $1.68 $6.20 $0.26
rdn Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $2.79[-] $2.80 $2.79 -0.21 -7% $3.00 $3.00 785,359 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 1 1 NYSE New York NYSE New York $3.10 $2.79 $7.50 $0.70
TGIC Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $0.19[-] $0.82 $0.73 -0.02 -2.67% $0.79 $0.75 402,943 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 30 5 BATS Exchange, Inc. NASDAQ $0.79 $0.60 $4.49 $0.12
cnb Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $1.39[+] $1.40 $1.39 -0.09 -6.08% $1.43 $1.48 2,490,253 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 1 1 NYSE New York NYSE New York $1.44 $1.37 $13.35 $0.28
AHR Alerts Bid[tick] Ask Last $ Chg % Chg Open Prev Close Volume Action Manage $1.07[+] $1.09 $1.09 0.03 2.83% $1.09 $1.06 1,726,128 Trade Bid Size Ask Size Last Exchange Primary Exchange High Low 52-Wk High 52-Wk Low 1 1 NYSE New York NYSE New York $1.22 $1.00 $9.59 $0.28
AIB wan't on the list but it is on my daily... Allied Irish Banks PLC AIB:NYSE Education help is ON Sector: Financial Industry: Money Center Banks 3.53 0.04 1.15% 1,574,182 Do the DD
Posted by jgrecoconstr on :
good luck Boo!!!
Posted by The Bigfoot on :
JG,
Did you bail on CMCSA yet or are you holding?
Posted by jgrecoconstr on :
Big, Still in, I don't have any cell service to get ahold of the wife and she just said she hadn't sold it. I haven't even checked it tonite yet to see where it's at. it's been a hectic week, I know...........no excuses!!!!!
Posted by The Bigfoot on :
???
Posted by jgrecoconstr on :
???? no excuses, means I know you told me never to hold over a weekend or even overnight. I can't communicate with her when I'm working up north. She knows 3% down is the limit to get out but she wasn't at -3 yet so she didn't sell. I probably should stay out of the market when I don't have cell service and I have so much else going on. Trouble is cell service is so spotty around here that I would never be able to get in a stock if that was the determining factor.
Posted by The Bigfoot on :
At this point it will be interesting to see what CMCSA does on Monday. There was a little life coming back into the stock near EOD which is opposite of what I would expect from a Friday close.
For most of April 13.75 was a support level that had been bounced off of multiple times for a good gain. Not saying it is going to happen, the stock is in a pretty strong downtrend after that exuberant push to 17 but if it was just filling the gap, Monday could be a good day.
Since you've already broken the rules and held it over the weekend you might want to think about giving it a little time on Monday to try and justify the hold before cutting the loss. Only if it continues the late day appreciation track though. If it sidewinds or starts breaking new lows remove it from you before it hurts you further.
When you say up north are you just upstate New York or actually across the border? I would think New York to be towered tip to stern by now considering the population and all.
Posted by jgrecoconstr on :
Monday will be a totally differnet week hopefully. I've kept her busy running errands pretty much the last three days. She took off work around 12:00 each day so she wasn't able to check the stock much. I'm working on 2 I-phone apps so I haven't slept much at all and the stocks haven't been in the fore front of my mind the past few weeks. As for cell service if you go about a half hour south of me it's fine for the most part but where I live it's spotty I can hardly get a signal in my yard. I've been working in a place called Raquette Lake with an off season population of about 100. I live in the Adirondack Park and cell towers are an extremely hot topic of debate. Anything that may effect the skyline or the ideals of the Adirondack Park Agency or the one of several radical tree hugger groups whether it's good for safety like cell service or good for the environment like wind mills gets shot down. Don't get me wrong I'm an environmentalist myself but just as in everything else in life a certain handful of people get to radical in their ideology and they always seem to have the funds and government on their side to get what they want.
Posted by The Bigfoot on :
Alright jg. It is Friday again and there were plenty of opportunities to get out of CMCSA above 14.50 which is my estimate of your original purchase. So...were you a trader and find your exit point or are you an investor and still holding?
Posted by jgrecoconstr on :
I would term myself this week as a non trader. I ve been checking it almost each night just to much going on and it has stayed in somewhat of a stable range the past week. I do have a sell order in for the 3 but not a stop loss in place.
Posted by Newbie13 on :
I like this post. I'm working on the somewhat the same path. I'm using a 20% for 34 trades. Heres the chart for that.
My first trade - CTIC for 132% gain Current(still holding) SPNG up 180%
I actually started with $1000.00 I now have $6482.20
I've been watching many boards for $2.50 and under. More pennystocks for the better chances of big gains. I'm shooting for $50,000 by Sept first.
I wish you great luck with your system, I'll send my pick if you want to check them out, a little riskier but I just use STOPs GTD so if there is gains I adjust it.
Posted by jgrecoconstr on :
still holding on that one BF it pretty much trading sideways in my opinion. I bought in at 14.60 cent range. You were pretty damn close with your estimate.
Posted by The Bigfoot on :
Jg,
I have been watching over the past few weeks and I would like to give you my opinion of your trading style. (Please remember that this us just an outside opinion and I do not mean to be telling you how to trade. Do what feels right to you.) From where I am sitting I am not sure that the 3% method is the correct strategy for you.
Your day job takes you away from the market too often for you to be a quick mover even with the help of a partner which is necessary for the 3% method. Also, your personal preference in stocks is always multi-dollar despite your fairly small bankroll which says to me you feel a need for the safety of well-established stocks. This is not a bad thing but percentages move slower the larger the pps is which is not what a %3 shark is looking for until his bankroll is too big to move in small caps.
Given what I know of your personality and time commitments I am going to suggest that you ought to think about changing your strategy from 3% fast action trader to trend rider/probing investor.
Trend riding is similar to swing trading but an investor waits until the trend is easily identifiable within the chart before entering. Paying attention to your trendlines will also give you a clear indication of when it is time to sell as well. Trend riding works best in larger stocks with longer histories which I think would complement your natural attractions well.
Probing is a technique that many of the greatest traders use. Probing means entering a stock in stages.
Remember earlier we talked about how doubling down (cost averaging) is a losing man's scenario because the only way you can double down is if you have already let yourself lose a good portion of your investment capital? Well, this is the opposite of that.
Once you have identified a stock you feel meets your criteria you predetermine how large a position you want to take in the stock and then purchase 20% of that position.
If the stock breaks the trend you cut your losses and have only risked a small portion of your capital. If the stock sidewinds you can choose to wait it out if it is still riding the trendline or cut out for 'greener' pastures. If the stock confirms the trend and appreciates as expected you take your next dip in and purchase the next 30% of your position.
Follow the same routine and if after a few days the stock still confirms the trend then you make your final 50% purchase. The anti-intuitive portion to probing is that you WANT the stock to move higher before adding to your position. This strategy is not about getting the most stock for your money, it is about getting a safe stock for most of your money. Making the stock confirm itself twice as a steady climber before putting in your full investment is a great way to make sure you aren't going to get caught hard if you have to look away for an afternoon. It also supports the forward momentum of the stock and encourages other traders to take positions as well.
Just some food for thought.
P.S. CMCSA....it is indeed trading sideways. Now the next question you need to ask yourself. When it is done trading sideways what is the stocks next move, up or down? What is your next move? Are you in control?
Posted by jgrecoconstr on :
Had a whole response typed up Big and it got lost somewhere. To dam tired now to type it again but I'll try tomorrow.
Posted by R1 Man on :
quote:Originally posted by The Bigfoot: Jg,
I have been watching over the past few weeks and I would like to give you my opinion of your trading style. (Please remember that this us just an outside opinion and I do not mean to be telling you how to trade. Do what feels right to you.) From where I am sitting I am not sure that the 3% method is the correct strategy for you.
Your day job takes you away from the market too often for you to be a quick mover even with the help of a partner which is necessary for the 3% method. Also, your personal preference in stocks is always multi-dollar despite your fairly small bankroll which says to me you feel a need for the safety of well-established stocks. This is not a bad thing but percentages move slower the larger the pps is which is not what a %3 shark is looking for until his bankroll is too big to move in small caps.
Given what I know of your personality and time commitments I am going to suggest that you ought to think about changing your strategy from 3% fast action trader to trend rider/probing investor.
Trend riding is similar to swing trading but an investor waits until the trend is easily identifiable within the chart before entering. Paying attention to your trendlines will also give you a clear indication of when it is time to sell as well. Trend riding works best in larger stocks with longer histories which I think would complement your natural attractions well.
Probing is a technique that many of the greatest traders use. Probing means entering a stock in stages.
Remember earlier we talked about how doubling down (cost averaging) is a losing man's scenario because the only way you can double down is if you have already let yourself lose a good portion of your investment capital? Well, this is the opposite of that.
Once you have identified a stock you feel meets your criteria you predetermine how large a position you want to take in the stock and then purchase 20% of that position.
If the stock breaks the trend you cut your losses and have only risked a small portion of your capital. If the stock sidewinds you can choose to wait it out if it is still riding the trendline or cut out for 'greener' pastures. If the stock confirms the trend and appreciates as expected you take your next dip in and purchase the next 30% of your position.
Follow the same routine and if after a few days the stock still confirms the trend then you make your final 50% purchase. The anti-intuitive portion to probing is that you WANT the stock to move higher before adding to your position. This strategy is not about getting the most stock for your money, it is about getting a safe stock for most of your money. Making the stock confirm itself twice as a steady climber before putting in your full investment is a great way to make sure you aren't going to get caught hard if you have to look away for an afternoon. It also supports the forward momentum of the stock and encourages other traders to take positions as well.
Just some food for thought.
P.S. CMCSA....it is indeed trading sideways. Now the next question you need to ask yourself. When it is done trading sideways what is the stocks next move, up or down? What is your next move? Are you in control?
Smart guy!!!
Posted by jgrecoconstr on :
Ok Big a rewrite from last night. Comcast I fully believe will have a atleat a 3% pop shortly. I know I have been holding it for awhile but it's been staying in a range and it's not really volatile. it was coming off it's lows which it isn't far from still and has a ton of room to grow. The volume which was one of my parameters was attractive. I remember when I first started trying this I was skipping volume and getting into some stocks with 200k or 300k trading which isn't much and they took time to build. You are correct about my limited time to spend here and the cell coverage doesn't help either. Did I get in and get out? certainly not but I don't believe I've hit a point of no return yet on protecting my capital. I do remember if correctly in one post you telling me not to rush through the 200 trades, safe to say I'm not rushing. Had this one tanked big time I certainly would have dropped it by now but there seems to be some positive news on it. As far as news goes though I don't put to much importance on that asd I have seen many stocks with good news drop. That supports that old adage buy on the rumor sell on the news, which really to me is so true. With my commitment as of late I don't know if I will ever be the shark since you really have to be jumping in as the market moves similar to Rman or Morpheus.... I can only scan at after the market closes so I'm always going to be buying on the turnaround, the point where the largest of gains typically occurs in my opinion. But on the other hand from all I have read in the past few years that's the confirmation you should be looking to buy into. I honestly don't feel I'm not doing to bad on my picks. Some I didn't get into were up, some took awhile and some dived but if I were to calculate from the start of this thread I would guess I'm around 60% for up stocks. Of coarse that don't mean **** if one pick wipes you out (lived and learned on that won't happen again unless there's a suprise BK somewhere) I highly doubt I'll ever be a true day trader where I can see instant trades unless my life changes dramatically. I don't see that happening although there is some good stuff on the horizon if I can ever get it all done. More than likely I'll stick with where I have been in a comfort zone not neccessarily large cap stocks as you mentioned but whatever fits the parameters except pennies, true pennies I won't get into those. After all C, GM,F I think GE even went under 5 at one time and although they fit the description on a penny under 5 I wouldn't consider them a true penny stock. Without sounding to corny I love to read your replies your obviously on top of your chit and I appreciate all the advice your giving me and don't think I'm passing it over since you know from the two trades prior to this I have learned to take the loss and move on. The shark bite needs some dental work but but i'll try and keep up with that on the trailing stops.
Posted by jgrecoconstr on :
turning today
Posted by The Bigfoot on :
Good. Remember this is not about winning or losing. There is no one correct way to trade. Your profit comes not by winning a lot but by making a string of good decisions. Sometimes your best decisions will be to walk with a profit and sometimes they will be to walk for a loss.
I am glad you are not immediately changing styles just because I suggested it. You must trade true to yourself. If you were to just follow what I said without introspection you would surely lose everything. Like I have said before the stock market is about mental fortitude more than anything else.
When I was speaking about not rushing into stocks I was meaning keeping your cash safe in your account where no one but you can get at it until you find the right opportunity. I am willing to accept that you are still in CMCSA because you believe it has a run in its future, but never make the mistake of believing any stock (even a runner) is as safe as your account. BK is just one of the ways you can suddenly be left with little or nothing.
Your 60% positive assessment reminded me of a quote from one of the greatest traders of all time
quote: If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong. -Bernard Baruch
and since I've gone the quote route and am using other peoples words lets hit the points home...
quote: Rule #1: Never lose money. Rule #2: Never forget Rule number 1. -Warren Buffett
quote:Profits can be made safely only when the opportunity is available and not just because they happen to be desired or needed. ...Willingness and ability to hold funds uninvested while awaiting real opportunities is a key to success in the battle for investment survival. -Gerald Loeb
quote:The speculator’s deadly enemies are: Ignorance, greed, fear and hope. All the statue books in the world and all the rule books on all the Exchanges of the earth cannot eliminate these from the human animal. -Jesse Livermore
One final thought I'd like to leave hanging in the air. Bernard Baruch has told it true that being right only three or four times out of ten can create wealth if losses are mitigated. So why then do regulators have statistics that say a full 70% of day traders will lose nearly everything they invest???
Posted by jgrecoconstr on :
Some good quotes there BF. Listen...since your taking the time to mentor me can you do this one favor............... show me how step by step to cut and paste a quote from a thread. Someone gave me the instructions once but I must be dumber than a rock cause I can't figure it out. Cm did have a good run yesterday and fell back today. When it didn't close near the high I was iffy on todays open. The slightly higher volume must have been profit selling. I would say causing todays downturn. It should turn back up next week if not then I'll be out since I'm leaving town. Serious though about the pasteing... if you got the time. Have a great weekend.
Posted by The Bigfoot on :
LOL
[ QUOTE ]
Text that you want quoted
[ / QUOTE ]
if it is a full post from earlier in the thread you can also hit the quotations symbol "" on the top of the post you want and it will automatically quote the whole post for you.
quote:Originally posted by jgrecoconstr: Some good quotes there BF. Listen...since your taking the time to mentor me can you do this one favor............... show me how step by step to cut and paste a quote from a thread. Someone gave me the instructions once but I must be dumber than a rock cause I can't figure it out. Cm did have a good run yesterday and fell back today. When it didn't close near the high I was iffy on todays open. The slightly higher volume must have been profit selling. I would say causing todays downturn. It should turn back up next week if not then I'll be out since I'm leaving town. Serious though about the pasteing... if you got the time. Have a great weekend.
Or you can go to the full reply form and hit the button 'quote' and it will
quote: put the quotation marks on the screen for you so all you have to do is put the text inside.
PS: I won't be around for about a week. Good luck to you.
Posted by jgrecoconstr on :
quote:Originally posted by The Bigfoot:
. -Gerald Loeb
quote:The speculator’s deadly enemies are: Ignorance, greed, fear and hope. All the statue books in the world and all the rule books on all the Exchanges of the earth cannot eliminate these from the human animal. -nearly everything they invest??? [/QB]
Yeahhhhhhhh I finally got it!!!! I never noticed the quote marks on a post before and I've been reading in here for three or 4 years. TY for the lesson. That was one of the quotes I liked. I know I got the greed licked and the fear, But There will always be some hope involved in anything I do, stocks, marriage,kids business ventures etc.etc. And as far as ignorance I still have that. Your only as knowledgeable as how far you take your education in a subject. I haven't learned all there is about stocks and trading. Basically I tried to educate myself on several sets of indicators and what they mean. So as far as the whole market goes I'm still quite ignorant. Loved the quote it says alot.
Posted by R1 Man on :
You can flip the metal stocks and make 3-8% in a day. MT, X, AKS They are all pretty cheap.
Posted by jdizz on :
34$ a share isnt to cheap lol.. well i gues if you got 50,000$ to throw down it is
Posted by jgrecoconstr on :
OK Big I know your going to read this. I'm still in, it's not greed, not stupidity, I don't even care at this point if I make it. I'm in because of the simple fact that it's starting to amuse me. Resistance around the 80 cent range it keeps pushing up there then the market brings it back down. I'm overwhelminly confident I won't lose on this stock so I have become a investor for the short term. The cash is safe in it in my opinion and sooner or later it's gonna break that 15 dollar ceiling. A good stock to jump in and out of daily that I noticed.
Posted by The Bigfoot on :
Didn't your mother ever tell you not to play with your food?
LOL
If this makes you happy then so be it. I don't understand how this helps you in attaining your goal of self sufficiency but as long as the plan makes sense to you then go for it.
I was thinking I might use this thread a few times in the coming weeks to show you what I look for in a play. Would you mind if I posted a few of my picks here? I generally dip into the market once a week.
Posted by jgrecoconstr on :
No I don't mind at all, Anyone can post here and I would enjoy seeing your pics. Are you going to break it down and explain what you liked in your pic as to why you bought it? That I would like to see. As far as fun on Comcast, honestly it has given me quite a few laughs, it's past being about my goal, it's pretty stable in it's trading range the past few weeks, no emotions in this one, no hopes of where it's going to go just stubborness to stay in for that break in resistance. Once that ceiling breaks I'll get what I can and move on. I did pick up some SIRI at.38 a week or so ago for long term, I sold my NENE which I was in from .18 and out at .60 something, used that for my purchase. That's in a different account of just holds. When RYQG gets back to .05 I'll grab some of that and wait it out for it's next run which could take a few months but it will be a definite runner just crappy volume. Right now life's plan is all about the I-phone that's my future income source. So post away Big I look forward to seeing you make some cash and why your making it. Barring any big drops across the board and some positive news on the economy I should hit that $15.14 short term.
Posted by oldseven on :
jg, I just read this thread and love it. I learned a lot also! I am new and just starting to play with day trading. Could anyone tell me how to trade after hours? Also, I use Zecco - is there a better day trading site? I found a couple stocks that move 10-20% up and down a few times a day and would like to trade them obviously as quick as possible to take advantage of the lows and highs.
Posted by The Bigfoot on :
Oldseven, first I have to ask if you are aware of the rules regarding day trading? Don't mean to question your intelligence but we have had more than one or two traders get into big trouble with Uncle Sam because they launched into trading before paying attention to requirements.
And can you define for me T+3, daytrading, margin account, and round trips?
Posted by The Bigfoot on :
That's right...you are trying to create an I-phone app aren't you jg? I can understand why that is taking a chunk of your time. I am also happy to hear you have other funds that you are playing with beyond what is sitting in Cable Television.
I will post a couple watchlists and picks using a small amount of cash. Might take me a week or so before I get to this.
Posted by jgrecoconstr on :
Famous words a guy I know named Bigfoot said once............ don't rush your strategy.... or something to that affect. I have some apps out already that were just taken off my field guides and didn't cost me a cent to make. They actually suck on there, two of them anyway but they are bringing in some cash. I'm doing them much more detailed now and it's costing time and money but I should have one new one out in a few weeks that will be 9.99 hopefully. I'll get 33% of whatever the retail price is. I should have tow more done by the end of the month with four or five more by the end of the year. There is a big future in that and right now it's pretty much ground floor believe it or not.
Posted by oldseven on :
Big, YOU are correct! I have no idea what I am doing. My only background is the little I have been reading on the internet. From what I have read and notes I have taken, I thought I was doing everything correctly. I DO NOT want to be doing anything to get in trouble.
Day Trading - Buying and selling in the same day. I would like to do this for some, buy also hold some for a few days or weeks.
Pattern Day Trader - Buying & selling a particular security in the same trading day at least four times in a five-day period and are at least 6% of the person’s trading during them same five days. I would like them to be at least 6%.
Margin Account - Using a brokers funds to buy and sell securities. My funds are backed by cash deposits before the purchases are made.
T +3 - I must settle up my transactions with my brokerage within 3 business days. I have a cash deposit account that I assume pays for these transactions immediately.
Round Trip Trading - Isn’t this what Enron Did? Buying the same stock 3 times in one day, then selling in the same day(3 different times). This can only be done 3 times unless you have $25,000 in your account.
I did go to your link and It seems I understand these definitions correctly- but maybe I do not.
Posted by jgrecoconstr on :
Old7 Trading after hours is no biggie unless I'm missing something. Ameritrade has the buy/sell box, and in that is extended hours trading AM/PM. Personally more times than not have I had good luck with AM buys. In my experience it opens lower and from what I have watched on the few I have, they tend to turn back up around 10am, but that's just my observation on the 15 or 20 I have watched in the past couple years on extended hours. I used to think wow I'm going to miss the run and get in in pre AM only to watch it tank and then gain ground later in the morning. Hope that helps.
Posted by oldseven on :
Thanks jg, I will check it out. I was using Zecco & Sharebuilder and they do not offer pre-market or after hours trading.
Posted by jgrecoconstr on :
Ameritrade I always liked and don't let them BS you they will give you a $5 dollar trade if you stay persistent with them. I have three $5 accounts and my wife has 2 $5 dollar accounts
Posted by oldseven on :
I will sign up - and also do some reading why I would need more than one account. I see you and the wife have 5 of them.
Posted by jgrecoconstr on :
She has her retirement 401k in one, another she just plays with but not much, I have my own 401 that I trade here with and the other ones are just for gambles and long term holds. I had more than one with the intention of while one was settling the other I could still trade with. I was doing the whole balance on one stock. If your not going to do that then you don't need more than one. I'm sure alot of people will tell you not to put all your money in one stock which you shouldn't so don't do that. I'm sure you read before to somewhere that if your not prepared to lose everything then don't invest. That's good advice follow that. All that said good luck, I hope you do well. One last thing, don't buy anything based on what someone else says it's going to do. If all the stocks I had bought years ago went to the moon like the people pumping it were saying then I'd be in Alaska fishing right now.
Posted by oldseven on :
THANKS - Yeh, I do lots of reading. I will have a few accounts for similar reasons. I am just playing and having lots of fun and learning TONS!. I am a numbers person so I am using percentages as my main buy/sell technique. Them charts - WOW need to read alot more before I understand all that stuff. I made enough to buy a faster computer with a larger monitor. STEP 1 complete. Next step is a new car. This one might take a couple years but I hope not. I use this forum to get a heads up on stocks. One person can not possible research everything. I do indepth research once I see something posted here I think I like. Step 3 - My wife wants to take a two weeks cruise in Alaska; hope I don't lose everything before that.
Posted by The Bigfoot on :
Some history regarding after hours. Hopefully it will be enough for you to start your research oldseven.
The main thing to remember is that you can purchase stocks with unsettled funds but if you try to sell that stock before the funds settle you will have to cover the difference with new cash or get fined. It sounds like you have this handled with your cash reserves but it is easy to lose track of this if you are not paying attention and are overtrading.
Good Luck to you.
BF
Posted by oldseven on :
Thanks Big, I make all stock purchases with cash only. I do not use any unsettled funds - at this time anyway. Maybe as I do more research and find other stocks to buy, I will need to start doing this because I will be cashed out. Enjoy the weekend.
Old 7
Posted by oldseven on :
Hey guys, who do you recommend for REAL-TIME Quotes? Seems the 15-20 minute delay stuff is putting me behind on the buys and sells. Thanks
Posted by The Bigfoot on :
I use scotty for the real-time streamer. Never looked at other streamers as I am comfortable with what I have. Yes...delayed quotes are very difficult for the active trader to work with.
jg...I have decided to take a sizable position on an earnings play and will need to delay my pick posting for another month or so until the Quarterly is released. Good luck to you in the meantime.
Posted by jgrecoconstr on :
Damn, I was looking forward to seeing your moves.
Posted by jgrecoconstr on :
I think tomorrow is the day out on Comcast. Finally broke 15. It was a comfortable stock to hold for as long as I have.
Posted by jgrecoconstr on :
I was thinking......... this stock is like a girl I knew in college. She'd juuussssssssst about get you there and stop.
Posted by cassity on :
quote:Originally posted by jgrecoconstr: I was thinking......... this stock is like a girl I knew in college. She'd juuussssssssst about get you there and stop.
LMAO...Next week CNO will have an easy opportunity for 10-30%. Also, watch for the earnings release on AHR sometime around the 12th of August. If they meet or beat estimates, it's good for 100%+...Way oversold right now.
Posted by R1 Man on :
quote:Originally posted by The Bigfoot: Some history regarding after hours. Hopefully it will be enough for you to start your research oldseven.
The main thing to remember is that you can purchase stocks with unsettled funds but if you try to sell that stock before the funds settle you will have to cover the difference with new cash or get fined. It sounds like you have this handled with your cash reserves but it is easy to lose track of this if you are not paying attention and are overtrading.
Good Luck to you.
BF
I have never been fined. I used Margin and do trade anytime during Pre-market to AH. So will have to double check but no fines here.
CNO...very interesting pick. Interesting because of current price, 52 week high, pre-earnings release...never seen that before but ok.
Good find.
Posted by jgrecoconstr on :
The ***** finally gave in......... Out of CMCSA at 15.57
Posted by jgrecoconstr on :
That was B-tch
Posted by jgrecoconstr on :
Looking into ABK tomorrow.
Posted by oldseven on :
Up nearly 20% - earnings report out tomorrow.
Posted by BooDog on :
VG may be good for 3%
Depth/Level II for Vonage Holdings Corp. (VG) $ 0.48 RT 0.041 (+9.34%) Volume: 113.89 k 4:01 PM EDT Aug 4, 2009
Pre-Market: $ 0.52 0.04(+8.33%) Volume: 113.89 k 8:07 AM EDT Aug 5, 2009
Posted by jgrecoconstr on :
RRRRRRR....... I love the woman but she killed me today. Somehow she got it in her head I said to buy ABK after 10 am. That was a costly miscommunication. She bought in at $1.17 and put a trailing stop in at $1.22. She should have been in at the open and it could have been a 2k gain for the day. Still up so I'm happy but 2k would have been great.
Posted by Sam229 on :
Great pick jg. I think you will make a lot more than 2k on this...
Posted by jgrecoconstr on :
stopped out on ABK at $1.42. Not the 2k from yesterday but a hell of a lot better than 3%
Posted by Sam229 on :
How did you identify this stock jg? Did it appear in some scan?
Posted by AJGrano on :
Hey Guys,
Been awhile but I got some cash now so I'm about to start my %3 challenge next week I think!
Posted by jgrecoconstr on :
Sam, I signed up w/ Stockcharts and just review the stocks they scanned. I usually only look at candlestick patterns and three other indicators on my charts. Don't go by me, I have lost two or three out of the last 5 stocks I went after. One was a long hold but a comfortable one. There are a ton more knowledgable people here than I. Pretty much listen to what they tell you. AJ good luck, make sure you don't get greedy, settle for 3 and put a trailing stop in. And as big will tell you get out before it goes to far the other way.
Posted by AJGrano on :
yeah I feel ya. I'm mad that I had no money back in the market around march/april. I wanted to buy Barclays at the 3-3.30 range now 22-23...same with URE & DXO even a month ago when they were both at 3 now at 5.25 & 5. Had BAC at 6.50 now almost 17 and I had flipped DRYS around that 4-7 mark and PLD when it was around 6-8. Totally missed SIRI at .04-.05 too....man oh man. Well back to the grindddddd. I was using sharebuilder for awhile but now I'm wondering broker to use, what are you guys using right now....trying to just find a site thats cheap obviously and will let you deal with pennies as well....gotta do a few lotto picks
Posted by jgrecoconstr on :
We use ameritrade. 5 bucks a trade, don't let them tell you it's 10, argue the point that you know other people with 5 dollar trades.I hate the three day wait for funds to clear from a previous trade but I'm pleased overall with the customer service and the ease of use.
Posted by BooDog on :
here's my new watch list. was going to start my own thread and still may but not today lol. as always do your own DD if the market turns ugly who knows what'll happen eh? new watchlist
Symbol Last Trade Change Volume Intraday Related Info RDN 4:00pm ET 7.04 0.32 4.76% 12,032,397 gravestone doji FC 4:03pm ET 5.76 0.24 4.00% 18,085 watch MTSN 4:00pm ET 1.67 0.02 1.21% 229,756 watch INSP 4:00pm ET 8.14 0.83 11.40% 791,910 needs to fill the gap below MHR 4:00pm ET 0.65 0.01 1.52% 43,530 watch TYPE 4:00pm ET 6.59 0.71 9.73% 59,288 watching for support S 4:00pm ET 3.88 0.08 2.02% 45,266,544 potential pincher CEVA 4:00pm ET 7.91 0.49 5.83% 88,574 pinch radar TBI 4:04pm ET 12.55 0.25 1.95% 181,700 gap * 9.10 SOL 4:01pm ET 5.66 0.23 3.90% 3,005,920 watch AMD 4:02pm ET 3.71 0.04 1.07% 11,562,603 watch BRNC 4:00pm ET 4.10 0.04 0.97% 75,071 watch GILD 4:00pm ET 45.45 1.39 2.97% 10,277,422 very early pinch radar SKH 4:03pm ET 6.53 0.47 6.71% 623,451 watching for support COBZ 4:00pm ET 4.75 0.05 1.06% 348,092 passed the pinch but very slow i'll be trying to watch sprint today for the most part.
Posted by oldseven on :
AJ, I use Zecco. Less than $5 trades and 10 free monthly if you make so many trades. They allow pennies also. I have not had a problem with funds clearing either. I can sell and in less than an hour I can use the funds, sometimes its only 10 minutes.
Posted by jgrecoconstr on :
Boo, your SKH pic something up with that judging by the volume today. I would think that is one to be in on Monday.
Posted by Sam229 on :
Looks like a bottom bouncer.Very close to 52 week low of 6.40. I will watch this along with FNM, FRE and ABK.
Posted by jgrecoconstr on :
Funds have cleared, looks like I'm going to try Boo's SKH pic. Looks like it may have bottomed out. Although some bad press on a class action suit has me worried.
Posted by jgrecoconstr on :
Got in SKH at an average $6.62 Had a blew past a trailing stop the other way, cancelled the stop and put a straight order to sell at $6.85 or somewhere near there. Ended up hitting the sell and out with 3%. Haven't looked yet to see what it closed at but I know it went into the 7's after the sell went thru.
Posted by jgrecoconstr on :
jumped in FNM for 1100 shares just based on volume. Black day at the track so I gotta gamble somewhere.
Posted by jgrecoconstr on :
Thinking of AGEN in the morning. Closed at $2.28 up a tad in after hours.
Posted by jgrecoconstr on :
CECE looks perfect but not a lot of average volume, still think I'm going to go after AGEN
Posted by Sam229 on :
Bought AGEN at 2.30
Posted by Sam229 on :
Out at 2.32 to avoid any loss.
Posted by jgrecoconstr on :
Good move Sam. To much on my mind and I totally forgot this morning to get in. Glad I didn't, the only thing I didn't like about AGEN's chart was it never had many consecutive up days. Everything else looked good on it though but CECE was the gainer with over 3% today but way to little volume for me. Bailed on FNM today for a loss of $100.00. Of to Maine for the next week so I'm out till I return. Good luck!!!
Posted by Sam229 on :
Very good pick. Very good deal too for people like me who spend lot of money making international calls.
Posted by jgrecoconstr on :
I'm thinking XRM for monday.
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: I'm thinking XRM for monday.
looks interesting JG. Couldn't hold above the 20dma but broke the 50RSI. The divergence lines look to cross on the adx. float just under 50m and trying like hell to get a full 30 days above the $1 mark. I'll put it on radar also, watching how the market acts after finally breaking 9500 dow may influence this a bit also so we'll see. Nice one JG.
Posted by BooDog on :
quote:Originally posted by Sam229: Very good pick. Very good deal too for people like me who spend lot of money making international calls.
thanks Sam229.
VONAGE HOLDINGS CORP(NYSE: VG) After Hours: 0.49 0.03 (6.52%) 7:33PM EThelp Last Trade: 0.46 Trade Time: Aug 21 Change: 0.02 (4.55%) Prev Close: 0.44 Open: 0.47 Bid: N/A Ask: N/A 1y Target Est: 0.50 Day's Range: 0.44 - 0.47 52wk Range: 0.31 - 1.55 Volume: 1,671,517 Avg Vol (3m): 1,053,040 Market Cap: 72.22M P/E (ttm): N/A EPS (ttm): -0.25 Div & Yield I didn't think it would take off straight away that's why i put it in the 3% area, still outperformed and I think there is still room for growth. However, it did leave a small gap behind at .41-.43. I like to watch to see when gaps will fill as they usually do. The question is when. Money flow took a bit of a dip so watching a little closer.
Posted by jgrecoconstr on :
XRM ask is 1.17 premarket. I'm not going to chase it this early.
Posted by jgrecoconstr on :
Couldn't get in XRM without a broker assisted trade after several attempts so to me that was a bad omen, I gave up on it. Jumped into C for 1500 shares at $4.90. Up a few hunderd on the other shares of that I was sitting on.
Posted by duckhead on :
ORCL anyone? Should be able to squeeze 3% out of that... Gettin close to slapping the 52 week high tho...
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: XRM ask is 1.17 premarket. I'm not going to chase it this early.
1.20 not bad at all. i didn't chase either. watching CHB to see if it gets a deeper dip.
Posted by BooDog on :
quote:Originally posted by duckhead: ORCL anyone? Should be able to squeeze 3% out of that... Gettin close to slapping the 52 week high tho...
Nice push Duck
Posted by BooDog on :
FRPT making a nice push also
Posted by BooDog on :
PMI cutting loose 3.22
Posted by BooDog on :
SVLF 1.42 showing potential
Posted by jgrecoconstr on :
what are you in Boo? C not doing much.
Posted by BooDog on :
got my dip on CHB. we'll see how that goes.
Posted by BooDog on :
quote:Originally posted by BooDog:
quote:Originally posted by jgrecoconstr: XRM ask is 1.17 premarket. I'm not going to chase it this early.
1.20 not bad at all. i didn't chase either. watching CHB to see if it gets a deeper dip.
1.05 sitting right on the 50DMA
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: what are you in Boo? C not doing much.
still playing with the fins and some somewhat quiet longs. flipped out of EEE picked up some CHB on the dip and watching a bunch. I like playing by the charts so whatever might be looking good on my crystall ball. i still work full time so having to babysit keeps me out of a lot.
Posted by jgrecoconstr on :
Yeah coulda made the 3 on that today with it's high. Down a tad in C but the volume is ridiculous. How did you make out on CHB
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: Yeah coulda made the 3 on that today with it's high. Down a tad in C but the volume is ridiculous. How did you make out on CHB
.50 ah so looking good so far. in at .47
Posted by jgrecoconstr on :
good deal, here's hoping you hit .75
Posted by Sam229 on :
VG is doing real good. Was in at .43 . Thanks a lot Boo.
Posted by BooDog on :
quote:Originally posted by Sam229: VG is doing real good. Was in at .43 . Thanks a lot Boo.
cheers! Posted by BooDog on :
quote:Originally posted by BooDog:
quote:Originally posted by BooDog:
quote:Originally posted by jgrecoconstr: XRM ask is 1.17 premarket. I'm not going to chase it this early.
1.20 not bad at all. i didn't chase either. watching CHB to see if it gets a deeper dip.
1.05 sitting right on the 50DMA
my greedy buy was at 1.02. no fills of course. hit 1.10 but looking like it's pulling back a bit.
Posted by BooDog on :
quote:Originally posted by BooDog:
quote:Originally posted by Sam229: VG is doing real good. Was in at .43 . Thanks a lot Boo.
cheers!
.94
Posted by BooDog on :
out half VG .875 be better if i could watch live. or make my move and then put the alert out. lol
Posted by BooDog on :
VG pushing again, thought it might have a chance but covered either way. lol .93
Posted by jgrecoconstr on :
Good deal Boo you got in it's up 3 today. I'm waiting on C. good luck
Posted by BooDog on :
quote:Originally posted by BooDog: out half VG .875 be better if i could watch live. or make my move and then put the alert out. lol
okay, 120 - 130%, good nuff?
1.37
Posted by jgrecoconstr on :
isn't that the one I just said I hope you make .75 on??? definetely a good buy on your part.
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: isn't that the one I just said I hope you make .75 on??? definetely a good buy on your part.
Thanks ...
okay around .95 ps
Like to see it dip back around the $1 but it's getting a lot of attention now imo.
Posted by BooDog on :
VG pushing to close at the HOD 1.45 and still goin 1.48 lol
Posted by BooDog on :
quote:Originally posted by BooDog: VG pushing to close at the HOD 1.45 and still goin 1.48 lol
1.52 crazy, i'm out waiting for the dip.... lol
wow
I have been pretty good about leaving some on the table though.
Posted by BooDog on :
VG hod 1.65 far out. like to see a nice reset.
Posted by jgrecoconstr on :
Boo do you still have any position in VG or did you sell it all. Up big time in after hours.
Posted by Sam229 on :
2.17 after market. I sold half of my position at .90 today morning. This turned out to be a very profitable trade for me Posted by duckhead on :
congrats boo Posted by BooDog on :
quote:Originally posted by jgrecoconstr: Boo do you still have any position in VG or did you sell it all. Up big time in after hours.
i sold ALL OF IT! That's why it kept going sold half at .875 and then the rest at 1.35. It's easier to move on than you think but sometimes I look back and say Daum! So congrats to Sam and you if you still held on. I'll keep it on my list and see where it goes but still looking for a retrace. no new filings and searching for new institutional holdings is delayed but my guess would be that's what sparked the run. Their PR was out on the 19th so a pretty good delayed reaction. Chances for a pull back are pretty good so I'll be trying to watch the charts. Now there is also another .05 gap at .60 -.65 will that one fill? Pretty over bought right now so as I said I'm looking for a retrace but looking for it to fill that gap today would be pretty far fetched imo. My last decent run was on CPST back in June, it took about a month and a half to fill that gap only to create another one. Sometimes it can take years to fill. And, yep, I left plenty on the table with that one too. I'm not saying bail on VG, long term and the way many of the "bargains" are disappearing there is good reason to hold vonage imo. My methods aren't always the best for someone else. Like my quote says - all my opinion - who's clicking your buy/sell button. We got our 3% Posted by BooDog on :
VG t 2.35 4000 NYE 07:18:43 t 2.37 1500 NYE 07:18:40 t 2.37 2400 NYE 07:18:34 t 2.37 100 NYE 07:18:34 t 2.37 1000 NYE 07:18:34 t 2.38 900 NYE 07:17:52 t 2.38 100 NYE 07:17:41 t 2.35 100 NYE 07:17:19 t 2.40 100 NYE 07:16:55 t 2.40 100 NYE 07:16:50 t 2.35 400 NYE 07:16:33 t 2.32 1300 NYE 07:16:05 t 2.32 100 NYE 07:15:57 t 2.32 100 NYE 07:15:57 t 2.30 700 NYE 07:15:50 t 2.30 700 NYE 07:15:50 t 2.30 100 NYE 07:15:50 t 2.30 100 NYE 07:15:50 t 2.30 100 NYE 07:15:39 t 2.30 100 NYE 07:15:39 t 2.30 800 NYE 07:15:39 t 2.30 200 NYE 07:15:16 t 2.30 100 NYE 07:15:16 t 2.30 100 NYE 07:15:16 t 2.30 100 NYE 07:15:16 f 2.22 455 NLS 07:14:14 f 2.21 500 NYE 07:13:22 t 2.21 500 NYE 07:13:17 t 2.21 500 NYE 07:13:10 t 2.20 1000 NYE 07:12:06
wow
Posted by BooDog on :
VG is movin again premarket
give me back my 1.35!
Posted by Sam229 on :
Sold the rest of VG at 2.37. I am happy with the profit that I made on this trade. Thanks a lot Boo Posted by BooDog on :
Any info on why she's gapping so hard?
Posted by Sam229 on :
I don't see any news on it. Not sure why it is up 50%.
Posted by BooDog on :
quote:Originally posted by Sam229: Watching FRP
i bought at .515....... and sold at .47
that's what i get for not "believing" in my charts and wanting something solid on fundamentals.
hope some here made something on it, too risky for me to stick on it.
but as they say no risk no reward.
okay watching BGP DNN and CSE
bcon and chb showing some life
Posted by jgrecoconstr on :
Out of C with all my shares from Tuesday and all from back in Feb I believe. Cleared just under $600.00. Faced with the decision to put the whole 11k in each stock from here on out or split it to $5,500 and try from two points of attack.Or use the 4k freed up since winter as one trade and keep the 7k for another. Who wants to throw an opinion?
Posted by jgrecoconstr on :
order back in for C at 5.05 for 2000 shares
Posted by jgrecoconstr on :
Looks like a good day for C tomorrow if after hours stays up.
Posted by Love the Market on :
I sold BONU too early today at $1.03 and $1.04 - but it went on to close at $1.18..... I have a new buy order in if it pulls back to .80 in the next few days...... It's tripled in a week, but it's a GREAT swine flu play - and COULD be a $10 stock THIS year imho.
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: Out of C with all my shares from Tuesday and all from back in Feb I believe. Cleared just under $600.00. Faced with the decision to put the whole 11k in each stock from here on out or split it to $5,500 and try from two points of attack.Or use the 4k freed up since winter as one trade and keep the 7k for another. Who wants to throw an opinion?
I'll take a couple rolls
I believe in diversity. Good to have some long terms and then some equity to "play" with.
Posted by jgrecoconstr on :
quote:Originally posted by Love the Market: I sold BONU too early today at $1.03 and $1.04 - but it went on to close at $1.18..... I have a new buy order in if it pulls back to .80 in the next few days...... It's tripled in a week, but it's a GREAT swine flu play - and COULD be a $10 stock THIS year imho.
I Looked at BONU yesterday around 2:30 but it was was near it's high so I stayed out same thing with ENWV those were two I was interested in. C was staying strong around $5.04-5.06 range and the day was close to ending so I felt it was going to atleast close there and possibly break the ceiling it's been hitting. Boo, to be totally honest I looked at the chart for VG the other day when you posted it and I said what does he see in this so I skipped on it. Wish I hadn't, what is it that you liked about the chart???
Posted by BooDog on :
quote:Originally posted by jgrecoconstr:
quote:Originally posted by Love the Market: I sold BONU too early today at $1.03 and $1.04 - but it went on to close at $1.18..... I have a new buy order in if it pulls back to .80 in the next few days...... It's tripled in a week, but it's a GREAT swine flu play - and COULD be a $10 stock THIS year imho.
I Looked at BONU yesterday around 2:30 but it was was near it's high so I stayed out same thing with ENWV those were two I was interested in. C was staying strong around $5.04-5.06 range and the day was close to ending so I felt it was going to atleast close there and possibly break the ceiling it's been hitting. Boo, to be totally honest I looked at the chart for VG the other day when you posted it and I said what does he see in this so I skipped on it. Wish I hadn't, what is it that you liked about the chart???
one thing VG was doing was just sitting sideways for a bit. I thought maybe someone was just converting/selling in one range. But someone else was soaking up the shares keeping it at support. Their PR hardly got a response at first, but it did show some accumulation. imo it was just a matter of time for it to pop, as with BCON and CHB also. How far it would go up would be anyone’s guess. Maybe some institutionals sparked the rally? and then in comes the herd. My capital isn't that great so I wasn't planning anything long term, and as I mentioned I sold out too soon. My first half at .875 (or whatever it was) let me ride free then when it hit resistance and started a pull back at 1.35 i said see ya. What happened next was great for the other guy in this case. It very well could have dropped right back to where it started. I can't post charts from where I am but you can look at the money flow and accumulation that was slowly taking place from support levels. http://stockcharts.com/c-sc/sc?s=VG&p=D&yr=0&mn=1&dy=0&i=t08348274015&r=355
But the real truth is I just wait for my crystall ball.
Posted by Sam229 on :
CHB is going up again. I Was in at .60 yesterday.
Posted by jgrecoconstr on :
If your not using it somedays can you mail me the crystal ball??
Posted by BooDog on :
quote:Originally posted by Sam229: CHB is going up again. I Was in at .60 yesterday.
.779 high premarket, needs to break .8 imo
Posted by jgrecoconstr on :
Just found a post on a company that soounds fantastic if they can do what they say. JEDM Just based on the possibilities I think it's worth a 1k gamble
Posted by jgrecoconstr on :
In JDEM for 7700 shares purely speculative.
Posted by jgrecoconstr on :
Sorry that was JEDM
Posted by jgrecoconstr on :
Ok this one has me excited. I'm thinking a little beyond here but if they have this technology to put in a game imagine what they can do if they ever license it into some kind of sexually interactive application.
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: Sorry that was JEDM
playin a Jedi mind trick on you. lmao just kidding. Posted by BooDog on :
quote:Originally posted by BooDog: VG is movin again premarket
quote:Originally posted by Love the Market: I sold BONU too early today at $1.03 and $1.04 - but it went on to close at $1.18..... I have a new buy order in if it pulls back to .80 in the next few days...... It's tripled in a week, but it's a GREAT swine flu play - and COULD be a $10 stock THIS year imho.
I Looked at BONU yesterday around 2:30 but it was was near it's high so I stayed out same thing with ENWV those were two I was interested in. C was staying strong around $5.04-5.06 range and the day was close to ending so I felt it was going to atleast close there and possibly break the ceiling it's been hitting. Boo, to be totally honest I looked at the chart for VG the other day when you posted it and I said what does he see in this so I skipped on it. Wish I hadn't, what is it that you liked about the chart???
one thing VG was doing was just sitting sideways for a bit. I thought maybe someone was just converting/selling in one range. But someone else was soaking up the shares keeping it at support. Their PR hardly got a response at first, but it did show some accumulation. imo it was just a matter of time for it to pop, as with BCON and CHB also. How far it would go up would be anyone’s guess. Maybe some institutionals sparked the rally? and then in comes the herd. My capital isn't that great so I wasn't planning anything long term, and as I mentioned I sold out too soon. My first half at .875 (or whatever it was) let me ride free then when it hit resistance and started a pull back at 1.35 i said see ya. What happened next was great for the other guy in this case. It very well could have dropped right back to where it started. I can't post charts from where I am but you can look at the money flow and accumulation that was slowly taking place from support levels. http://stockcharts.com/c-sc/sc?s=VG&p=D&yr=0&mn=1&dy=0&i=t08348274015&r=355
But the real truth is I just wait for my crystall ball.
So now my 1.35's are support. With some decent pull back on the market it could fall but we'll see.
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: If your not using it somedays can you mail me the crystal ball??
lol
If you're having any problems understanding how to read the charts just ask, there are some pretty good people that can offer their insight.
Posted by jgrecoconstr on :
Boo, thanks for the offer, I understand what it is I'm looking for as far as the indicators I use. Sometimes they work sometimes they don't. The night I looked at VG looking at the chart and seeing that none of the indicators I used said buy to me I wanted to see what is was and why you liked it. Someday when I get more time on my hands I can try and get a grip on the ones your using. All in all that was a great pick on your part i wish you hadn't sold it but bottom line......... you made some cash.
Posted by BooDog on :
see if this comes through
Posted by jgrecoconstr on :
I must have spent 15 minutes trying to get that to print..... uuuuggghhhhhhhhhh!!!!! it won't!!! I have no idea why. Appreciate you posting that somehow I'll get a copy off that and see if I can set those parameters as an overlay on the ones I currently have. I want to study your chart more.
Posted by jgrecoconstr on :
Out of C at $5.06 for just a tad over 3%. Got a feeling it's not going to hold since it's down .20 in premarket
Posted by jgrecoconstr on :
Decided to do this from here out on two approaches. Dividing the sell from C this morning into the 2 original buys for that stock leaves me at trade #8 with alittle over $3,700 and trade #26 with about $6,400.00. Should have been trade number #31 at $7,400 but I stole 1K out of that to pick up JEDM on a gamble. I may sell off WFC which I've been riding the free shares to free up that cash which I think is another 2K. I'm figuring it's best to go with two approaches in case something drastic happens with one or the other balances. That way I can continue trading on one. Of coarse something drastic could happen to both and then I'd be screwed all around.
Posted by jgrecoconstr on :
opps my bad, I din't make anything on that last trade on C pretty much got out what I got in for.
Posted by jgrecoconstr on :
Looks like it was the right move to exit C this morning. Shoulda got out at $5.40 the other day but I think greed came back to haunt me, and that's tough to deal with when you see volume in the Billions!!! Picked up $1,300 worth of BONU this morning for 2.13 Everyone looked like they were having a fun time on that ride, I had to join
Posted by BooDog on :
Looks like you played C nicely. See that evening star? Just like we saw on VG. Nice going. Be nice to fill that gap around 4.50 before it starts rocking again. I haven't been able to watch anything too closely so just checking up on a few when I can.
Posted by jgrecoconstr on :
I don't know about it being a nice one on C the second buy in Boo, it would have been had I cashed out when I was up over $600. I sold the second time for .01 more than I bought it at so I covered my trade fee at least. I guess I can call it a victory because I protected my capital. I sold WFC yesterday for a 198% gain to get in on BONU. We'll see where that one goes. So far so good.
Posted by jgrecoconstr on :
order in for 360 shares of BAC at 17.74
Posted by jgrecoconstr on :
Order filled at 17.72 on BAC
Posted by AJGrano on :
quote:Originally posted by jgrecoconstr: Order filled at 17.72 on BAC
not to sound like a negative nancy but I don't think BAC is a great pick right now unless you're really going to be in it for the long term. I think it'll take you til the end of the week atleast to get that 3%...if thats what you're going for
Posted by jgrecoconstr on :
LOL on the negative Nancy !!! obviously it went the other way. Wasn't a chart play at all, I was banking on the news they were paying some TARP off that it would give alittle. All in all, yeah I will probably hold it for the comeback since it's fairly stable not a crap shoot like BONU which I almost bailed on at around 2.77 this morning but decided not to, seems like it is going to recover and possibly close over 3.
Posted by jgrecoconstr on :
Still in BAC and will stay put there, aside from the market bringing it down on a 5 month chart it shows it filling every gap it made and contiuing upward so I feel safe in it. BONU... another story somehow I let greed take over my head again and I had that under control before. I was up around $880 and didnt sell, I ended up $25.00. I gotta remind myself to remember that gain will help out later in life rather than want more for the short term.
Posted by BooDog on :
watching some in the uranium and metals sector. LDR is a potential pincher play imo. With this sideways market its really messing with my charts... that's cus i just want everything GREEN! lol
In UNG at 9.20 yesterday. Right now it is over sold.
Posted by Sam229 on :
Out of CHB at .50. Still holding UNG.
Posted by BooDog on :
Check out OPXA, heck of a run up yesterday. Do some DD and see if it was really warranted. this kind of volatility can get you fried if you're not watching. And no, I am not saying buy.
Last Sale: $ 6.06 Share Volume: 37,021,525 Today's High: $ 6.93 Best Bid: N/A 52 Week High: $ 2.85 Market Value: $ 74,210,760 Earnings Per Share (EPS): NASDAQ Official Open Price: $ 2.33 NASDAQ Official Close Price: $ 1.53 Net Change: 4.53 296.08% Previous Close: $ 1.53 Today's Low: $ 2.22 Best Ask: N/A 52 Week Low: $ 0.09 Shares Outstanding: 12,246,000 P/E Ratio: N/A Date of Open Price: Sep. 8, 2009 Date of Close Price: Sep. 8, 2009
OPXA is also at the Rodman & Renshaw Annual Global Investment Conference. The conference is being held September 9 - 11 in New York City at the New York Palace Hotel. The conference... http://www.rodmanandrenshaw.com/conferences?id=30"]Rodman & Renshaw Conferences
Presenting companies, http://www.rodmanandrenshaw.com/conferences?id=30&link=presenters"] Rodman & Renshaw Conferences i have 3 companies that are at this conference so looking forward to seeing how they are received. Anyway, a friend told me to check out opxa but it was already after it had peaked (he was suggesting I short it on my practice account - glad i didn't do that either), and i've learned not to chase. I can say coulda woulda much easier these days. lol
Posted by jgrecoconstr on :
Keep the place running Boo, I'm leaving tomorrow morning for Yellowstone. I should hit my sell point on BAC while I'm gone,hopefully. Good luck!!!
Posted by BooDog on :
quote:Originally posted by Sam229: Out of CHB at .50. Still holding UNG.
like to ba able to post a chart on this one. RSI broke support but we'll see if the triangle support line can hold around .47. Like to see it get back above .50. I drew a line on a 2 month chart starting on 17 aug (or even 15 Jul) following the bottoms of the candles, and then following the tops of the candles from the top of the last run. i'd be expecting more sideways this week but watching that supprt line to see if it holds. I'm not suggesting to buy back in until we see confirmation that support is holding and we can move up. which way will it go?
Posted by BooDog on :
quote:Originally posted by jgrecoconstr: Keep the place running Boo, I'm leaving tomorrow morning for Yellowstone. I should hit my sell point on BAC while I'm gone,hopefully. Good luck!!!
Enjoy! Say hi to yogi for me!
Posted by BooDog on :
VVUS rockin the house.
Posted by jgrecoconstr on :
UWBK * $4.15 filled a gap today, worth a look in the morning.
Posted by Free Muney on :
huge gap down on news for chtp. playing the bounce for 3% should be easy. imo.
Posted by Sam229 on :
In VZ at 28.98.
Posted by jgrecoconstr on :
back in C for 1000 at 4.21
Posted by jgrecoconstr on :
I was betting on support at around 4.15-4.20 seems it was 4 at least for today.
Posted by Sam229 on :
In FAS at 69.13
Posted by AJGrano on :
quote:Originally posted by Sam229: In VZ at 28.98.
SAM, I really hope you're not trying to flip VZ. VZ is something you should hold JUST for the Divi in itself....think its still around 6%, right? Its going to take you awhile to get that that 3% I think so hold that for the 4Q and make a good 8-10%. Also, be careful with FAS, could get torched with the correction that might be taking place.
Posted by AJGrano on :
hey guys, I just started my 3% challenge. first trade ended up only making .0291% after E-trade's outrageous fees. Got in 185 shares of DRV at 15.97 and sold at 16.60.
Posted by AJGrano on :
Number 2 done. Bought YRCW today at 1.15, sold at 1.22. Gain of 190. whoooo hooooo
Posted by Free Muney on :
gl aj!
Posted by AJGrano on :
thank you sir!
Posted by jgrecoconstr on :
Not dead yet. Got out of C and Bac a couple weeks back. Made about 1k between them. Picked up ABK last week for around a 10% gain. Got into Siri and sold the day before it ran, alittle nervouse holding that for any lenght of time. Got in PDS yesterday and sold today for about a 6% gain. Won't have any funds now till probably Wednesday.
Posted by jgrecoconstr on :
Gambling on a big day for SIRI since it's day 10 and closes over 1 which it should, I'm thinking there will be alot interest. In for 9900 shares @1.21
Posted by jgrecoconstr on :
Not the greatest gamble for today, should have stayed with my original pick last night of CIIC up 20% plus another 15% in after hours.
Posted by jgrecoconstr on :
Never sold SIRI, still in from 2 years ago with a decent gain so far. Somehow ended up with 11k shares for an average of $1.10. Somewhere along the way I sold and bought back in. Gonna hold till 450 or 5 and sell half.
Posted by winner on :
Why not just work & save your money instead of trying to trade stock? You have to consider that trading costs. Commissions, tax on gains, cost of equipment, anxiety & health issues and luck. You can make more by eliminating "toys" in your life like TV, cell phones, high speed internet, dining out, driving to places instead of walking, smoking, drinking alcohol, using illegal drugs, owning more than one vehicle, buying unhealthy foods, getting married and owning a home that exceeds 1200 sq ft. The list goes but you get the point/s. Save don't spend. ) Posted by jgrecoconstr on :
"Why not just work & save your money instead of trying to trade stock?"
Kind of a strange remark to leave on a stoock message board. SIRI has treated me pretty well so far.... I'm not feeling an ounce of remorse owning it.
Posted by jgrecoconstr on :
Finally sold what was left of my entire position in SIRI last Fall and rolled the entire thing into a company called Mettrum which was being bought out by CGC. I siphoned $10 grand off it the year before to pick up more Tweed (now CGC) I had been in CGC since it's. I had my entire day trading account tied up in that for close to 4 years and finally got my funds freed up about two weeks ago. I had a target of $15 to cash my initial investment out. Riding free shares of CGC (TWMJF on the OTC) from now till retirement in 5 years. I highly recommend anyone reading this to park some money in TWMJF for the next few years, easy double from here in not more!
Posted by jgrecoconstr on :
TWMJF now CGC on the NYSE doubled since my post last year. It was actually up from $15 at this time last year to just a few cents under $60 a month ago. Closed yesterday back to $34. Still another easy double from here by this same time next year.... easy!!!
![[Razz]](tongue.gif)
![[Wink]](wink.gif)
![[BadOne]](graemlins/headbash.gif)
![[Smile]](smile.gif)
![[Roll Eyes]](rolleyes.gif)
![[Cool]](cool.gif)
![[Good Luck]](graemlins/goodluck.gif)
![[Were Up]](graemlins/wereup.gif)
![[Big Grin]](biggrin.gif)
![[Wall Bang]](graemlins/wallbang.gif)
![[Embarrassed]](redface.gif)
)