the main thing is you *are* paying more attention...
may have mentioned this before...but for safety's sake? will repeat--maintain a journal....distill "why" you enter, exit strategy implemented *immediately* upon fill, then results.
Review daily...carry questions foward for later review
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Tex, good idea about the notebook. I need to track that kind of stuff. I have one that I used when I first started trading where I wrote down some stocks to research. It's funny to look back at it now and see how different the prices are today. Some are not different at all, most are a lot lower, and some don't exist anymore. And this was only three months ago.
I have a spreadsheet I created that I call "what if scenarios" where I can plug numbers in of various pps and number of shares to help me plan an exit strategy. Taking Purl's advice of looking at percentages instead of dollar amounts has helped with this.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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Today I am feeling that I can see a light at the end of the tunnel. My big board stocks were all in the green which helped my overall portfolio, FRPT was up .21 and since that is my biggest position, that also helped. I also flipped FHAL again for a $220.00 profit. Put some of what I sold back in for tommorrow, but overall, things are looking up.
Deficit as of Friday: $2010 (-7.89%) Deficit today: $1,091.13 (-4.28%) Improvement $919.99 and up 3% since Friday
Once I get out of the deficit, I need to learn to trade and set my buys and sells without constantly watching the ticker. It's addicting and I really should be doing other things too. Of course, I'm probably preaching to the choir here.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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watching the ticker? depends on the play...on some, you need to be right there, will your finger on the trigger...perhaps you are saying you'll save those for trading seasons to come...not a bad idea.
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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Yes, I realize that now. That is why I am only buying when I have the ability to buy and set a sell point at the same time, as many of you have suggested. I sub, so when I'm working, I cannot play these momo plays. Without the ability to set stop losses on pennies, that is kind of what got me into trouble in the first place.
Does anyone else agree with what I've posted in this thread about the different boards here on Allstocks? It's getting hard to keep up with two different threads during a big run. Don't post an answer to that question here, but if you'd like to discuss it, post it in that thread. Thanks! Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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Great decision on holding good position on FRPT. it shall head higher steadily.. meanwhile, xsnx might have a good exit point here if you are not very comfortable holding it. I got out today a little early with quick 15% profit from friday.. but looks like it went all the way up.. sevi is in pump and dump peoples hands and plenty of groups are working on it.. so might be a good idea to get rid of it around prices of 0.0125 when its pumped again, before it goes all the way down! I shall update you if i get any e-mail from them, since i subscribe to almost all the P&D newsletters... GLTY!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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Continued improvement today, although I'm not sure how long some of these gains will hold so I'm not planning the party yet.
Big gains in FRPT today, and a couple of my other big boards. I threw a hundred thirty bucks in WWEN, which doubled, but I'm still in there. I have my FHAL profits riding and there was a bit of trouble with that today. Tommorrow could see those profits gone!(Shouldn't have tried to make that 5th play, Purl, but at least this time I was well aware of the risks)
But for today a good report Yesterday: Down $1,091.13 (-4.28%) Today: Down $593.47 (-2.33%)
JO
-------------------- "Great Day for Up!"....Dr. Seuss
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Here's a big board stock for your review. JLG Industries (JLG)
I think that it could be a great buy in point. The chart seems to show the double bottom at the high $17's. It was at a similar low last year around this time last year (52-week low July 26, 2005 $14.40 adjusted for split) before going to 52-week high of 32.49 in April 2006.
Here's the chart - see the W?
This company's fiscal year ends on July 31, so the earnings report could send it on the rise. They had record earnings for the Third quarter. JLG 3rd Quarter Earnings PR . I bought in at that point, but the PPS actually went down on the news after an initial spike.
According to that PR, they expect earnings to be up 30% for fiscal 2006 over fiscal 2005
I'm hoping all these indicators mean that this will go up, and I'm considering getting more at these prices.
What do you guys think?
[ July 26, 2006, 00:18: Message edited by: Jo4321 ]
-------------------- "Great Day for Up!"....Dr. Seuss
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quote:Originally posted by Dustoff 1: What do I think? Across the Big boards we have a disturbing trend devolping for some time now..
"Selling into good news"
Over valuations by the investment/trader community is what seems to be the thinking..
have been observing that trend dustoff.. very sad but true.. except in sub $10 area, this scenario has been manifesting in almost all the companies offlate.. atleast in second quarter.. one reason can be maybe they cannot support these record earnings in future quarters, which may or may not be true. Classic Bear market in play here. I am keeping close eye on some metal stocks. this quarter should be good for them. I shall open a thread sometime soon, with some of the good plays. currently, I am in PAL.
There was a golden rule veterans used to follow. Never buy during earning reports especially if they are extremely good .. guess thats even more true in bear market..
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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So if earnings are down, the stock would go down. If they have record earnings the stock goes down. You can't win?
Anyway, what do you think of the chart? If you look at the one year chart you can see how it was just as low (well lower) last year and then there was a steady climb with almost no downturn until April.
I'm still learning the charting stuff, but I'm seeing the double bottom.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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I think its sector underperformance. you might see some similarity of the chart to CAT. weather it will go up or down? I am not knowledgable enough in this sector, but from charts, I see it going back up! left it to myself, i would wait for it to go above $20, and wait for a day when this sucker would not touch $20.01, and that would be perfect buy signal for me into this stock.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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I kicked some hard ass today with BTUI. POS up 9.94%.. I got in around 10.. damn thing, went spiralling down after record earnings.. and then two consecutive days. lost 25% of its value for no goddamn reason. damn i hate stocks which dont respect good revenues and money inflow!!!!!!! another example to support what dustoff said!!!!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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Any one have an opinion on EGIL. I have been in since 2.80. It broke 5.00 yesterday. Very consistent 8-10 % per day. Will It dump hard?? Thanks I am new and need help
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.. guess thats even more true in bear market..
