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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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%.
Posts: 492 | From: new york | Registered: Jul 2005
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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You must be right cause it wasn't the whole market. I think it still looks good at support for Monday, hoping anyway.
Posts: 492 | From: new york | Registered: Jul 2005
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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.....
Posts: 37 | From: NY | Registered: Sep 2007
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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...
-------------------- I don't need no stinking Broker to loose my money. Posts: 37 | From: NY | Registered: Sep 2007
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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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...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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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.
Posts: 492 | From: new york | Registered: Jul 2005
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