*** Placeholder, insert Tim G's webinar outcomes ***
Just a heads up, I've got a Leader/Patrolman Test coming up on the 10th, will be on the down low on stocks until it passes. Gotta shift my focus and start studying for that exam.. Ciao !!
Saturday, August 1, 2015
Tuesday, July 28, 2015
July 28 Trading Day
SLOOOOOOW DAY.. so lame, so much for my birthday.. and for the first time, i actually did some hw/scanned stocks.. I missed the small panic/breakout on open to the spike on OGXI and ITEK.. >_> I had too many charts open and while they were in front of me, i couldn't clearly see the candlesticks/the pre-market/previous day took up 90%+ of the damn screen... Missed the big moves so imma jst force trades on purpose for EXP and try scalping..
- OGXI
So lame 1000 Entry 3.65 Exit 3.72 70$ Playing without lvl 2 is stupid.. anways was using the T/S to somewhat get an idea of what's going on but this is just plain stupid now. I gotta remember that my best trades are from the big moves/breakouts/breakdowns.. Scalping is just stupid i say again without lvl 2 and these stocks are just too choppy for me intra-day atm..
- ITEK
100 Entry 17.45 added 100 at 17.58 Exit 17.63 23$
1000 Entry 17.82 added 1000 18.11 Exit 18.01 90$ No way i'd have this position in real life but wanted to exaggerate the trade. Missed selling into the resistance the 2nd time at 18.2 because of ... hey NO level 2.. Trading without a level 2 really is trading blind... I'm done scalping today.. bn 2days now and ST still hasn't activated my trial >_>...
Today really shows that im weak when there's none of my ideal plays on.. BUT both OGXI and ITEK gapped up and eventually broke out from open withh ITEK matching previous days HOD and OGXI spiking at least 10%.. Next time this pattern comes up. I'll be quick to lock in profits on the spike. I'mma try to stay awake today and watch these two.. I'm curious on how they will turn out in the afternoon. ITEK is now a triple top. Also IG is trending up higher highs, higher lows. I'm tired, Maybe i'll buy it on the breakout, maybe i won't.. We'll see.. Two days in a row now that the stocks i'm watching prior to open did NOTHING. Been doing well trading stocks i know very little about though, giving credit to the "trade the ticker, not the company" saying.. I need to study this strategy alot more up..
Stayed awake for the afternoon... WATCHING PAINT DRY !!.. Love it though, i prevented myself from taking any unnecessary trades.. No big moves in the afternoon... gg hf..
3 Trades (Scalps only, missed 2 big moves**Learn from this**) 5 Entries, 3 Exits, 100% Rate, 183$
Realistically, although i luckily came out positive, I wouldn't take these trades on a real account; I would've sat the whole day out.
- Kaizen
- OGXI
So lame 1000 Entry 3.65 Exit 3.72 70$ Playing without lvl 2 is stupid.. anways was using the T/S to somewhat get an idea of what's going on but this is just plain stupid now. I gotta remember that my best trades are from the big moves/breakouts/breakdowns.. Scalping is just stupid i say again without lvl 2 and these stocks are just too choppy for me intra-day atm..
- ITEK
100 Entry 17.45 added 100 at 17.58 Exit 17.63 23$
1000 Entry 17.82 added 1000 18.11 Exit 18.01 90$ No way i'd have this position in real life but wanted to exaggerate the trade. Missed selling into the resistance the 2nd time at 18.2 because of ... hey NO level 2.. Trading without a level 2 really is trading blind... I'm done scalping today.. bn 2days now and ST still hasn't activated my trial >_>...
Today really shows that im weak when there's none of my ideal plays on.. BUT both OGXI and ITEK gapped up and eventually broke out from open withh ITEK matching previous days HOD and OGXI spiking at least 10%.. Next time this pattern comes up. I'll be quick to lock in profits on the spike. I'mma try to stay awake today and watch these two.. I'm curious on how they will turn out in the afternoon. ITEK is now a triple top. Also IG is trending up higher highs, higher lows. I'm tired, Maybe i'll buy it on the breakout, maybe i won't.. We'll see.. Two days in a row now that the stocks i'm watching prior to open did NOTHING. Been doing well trading stocks i know very little about though, giving credit to the "trade the ticker, not the company" saying.. I need to study this strategy alot more up..
Stayed awake for the afternoon... WATCHING PAINT DRY !!.. Love it though, i prevented myself from taking any unnecessary trades.. No big moves in the afternoon... gg hf..
3 Trades (Scalps only, missed 2 big moves**Learn from this**) 5 Entries, 3 Exits, 100% Rate, 183$
Realistically, although i luckily came out positive, I wouldn't take these trades on a real account; I would've sat the whole day out.
- Kaizen
July 28 Japan Time
Was going to sit down and catch up on all the daily vid lessons, recaps from syke's trades but i've ended up going from blog to blog of successful traders. No regrets so far, i've been reading their thoughts through their blogs and i'm very thankful that they post their losses/mistakes so others can learn from them.. here's some of the newer ones that i really like and have the same mindset/thinking pattern with..
http://derricktrades.blogspot.jp/
http://nikkoricoo.blogspot.jp/
Funny, these two are younger than me haha.. I really like these two because they're both as hungry for knowledge as i was when i was their age. If i had just run into sykes/nathan/daytrading at that age instead of going the real estate investments route/Robert Kiyosaki/insurance+stockbroker mentors, my life would've been drastically different. But no regrets, i've learned alot through that route and it actually sets me up with the ideal mindset on tackling day trading. Looking back now and seeing alot of failed businesses and ventures, it was tough but slowly my money discipline is very very good. Unfortunately, that is also going to be my biggest challenge going into stocks. My overconfidence.. Thankfully, other traders do blog their progress and i can adapt myself into avoiding those same mistakes. Sticking to the rules and maintaining discipline is a MUST in trading and I'm prolly gonna make it a rule on myself to read/re-read other people's blogs at least once a month to ingrain the lessons they've learned from their mistakes since i have a short memory >_>..
http://averagejoedaytradr.blogspot.jp/
That and I get to see different trading styles and slowly refine mine to a specific niche..
Just realized it's my bday today.. Happy birthday to me !! haha, Best bday for me in awhile though.. I love being motivated about business/finance and i haven't felt this hungry for knowledge in years. Thanks for all the successful trader's blogs and for paying it forward by posting your progress. It might've not meant much when ya'll posted your blogs, but for this little guy stationed half a world from home (Texas, 'MURICA!!!).. reading ya'lls blogs, I haven't felt more at home than in years.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Quotes from their blogs:
- If you learn anything from this post, let it be the fact that you should never let yourself think that you need to make your loss back.
- I focus on 1 or 2 main plays a day for scalping or "swinging" intraday, and 1 or 2 plays in my swing account that do not need to be monitored constantly. The swings don't take up very much mental energy; I just check the 15-minute charts a few times a day to make sure they aren't doing anything crazy. Of the 1 or 2 stocks I am day-trading, I typically let them play out for at least 10-15 minutes into the open. Could I make money scalping those first few minutes? Sure, probably, but it's not worth my mental energy. I don't want to catch every single minuscule move on a stock just to make a quick buck. I want to take a chunk out of the stock, not just a .02 scalp on FB or TWTR. I don't need to milk every single move a stock makes. I only need to take the ones that I have strong conviction in, and can size the hell in. And I can still make more than Jack makes trying to scalp the same stock all day.
Just about every day, I get to walk away from my computer with plenty of mental energy, satisfied with my trading, and not stressing about how I missed a big move in a stock. This is a big problem that I noticed when I was struggling trading, and with a lot of newer traders. People constantly complain about how they missed a big move in a stock, or covered too early/sold too soon. This is unhealthy for your mindset and makes you feel bad about yourself, which then makes it much harder to feel confident in your next trade or next trading day. At first I just tricked my brain into enjoying missing moves on a stock. Always feel confident in every move you make. If it keeps tanking, just think of all the stupid chasers who are long and losing their ass. Think of something that can get your mind off of the negativity you feel about yourself for missing. Sometimes if I am waiting for the next pop on a stock to get short, but instead it just takes another leg down without me, I literally get up that moment and walk out of the room. Then I’ll take some deep breaths, gaze out of the window, and clear my mind. Then when I sit back down at my computer, I feel centered and not upset for missing a play.
- I own them, they do not own me.
- Kaizen
http://derricktrades.blogspot.jp/
http://nikkoricoo.blogspot.jp/
Funny, these two are younger than me haha.. I really like these two because they're both as hungry for knowledge as i was when i was their age. If i had just run into sykes/nathan/daytrading at that age instead of going the real estate investments route/Robert Kiyosaki/insurance+stockbroker mentors, my life would've been drastically different. But no regrets, i've learned alot through that route and it actually sets me up with the ideal mindset on tackling day trading. Looking back now and seeing alot of failed businesses and ventures, it was tough but slowly my money discipline is very very good. Unfortunately, that is also going to be my biggest challenge going into stocks. My overconfidence.. Thankfully, other traders do blog their progress and i can adapt myself into avoiding those same mistakes. Sticking to the rules and maintaining discipline is a MUST in trading and I'm prolly gonna make it a rule on myself to read/re-read other people's blogs at least once a month to ingrain the lessons they've learned from their mistakes since i have a short memory >_>..
http://averagejoedaytradr.blogspot.jp/
That and I get to see different trading styles and slowly refine mine to a specific niche..
Just realized it's my bday today.. Happy birthday to me !! haha, Best bday for me in awhile though.. I love being motivated about business/finance and i haven't felt this hungry for knowledge in years. Thanks for all the successful trader's blogs and for paying it forward by posting your progress. It might've not meant much when ya'll posted your blogs, but for this little guy stationed half a world from home (Texas, 'MURICA!!!).. reading ya'lls blogs, I haven't felt more at home than in years.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Quotes from their blogs:
- If you learn anything from this post, let it be the fact that you should never let yourself think that you need to make your loss back.
- I focus on 1 or 2 main plays a day for scalping or "swinging" intraday, and 1 or 2 plays in my swing account that do not need to be monitored constantly. The swings don't take up very much mental energy; I just check the 15-minute charts a few times a day to make sure they aren't doing anything crazy. Of the 1 or 2 stocks I am day-trading, I typically let them play out for at least 10-15 minutes into the open. Could I make money scalping those first few minutes? Sure, probably, but it's not worth my mental energy. I don't want to catch every single minuscule move on a stock just to make a quick buck. I want to take a chunk out of the stock, not just a .02 scalp on FB or TWTR. I don't need to milk every single move a stock makes. I only need to take the ones that I have strong conviction in, and can size the hell in. And I can still make more than Jack makes trying to scalp the same stock all day.
Just about every day, I get to walk away from my computer with plenty of mental energy, satisfied with my trading, and not stressing about how I missed a big move in a stock. This is a big problem that I noticed when I was struggling trading, and with a lot of newer traders. People constantly complain about how they missed a big move in a stock, or covered too early/sold too soon. This is unhealthy for your mindset and makes you feel bad about yourself, which then makes it much harder to feel confident in your next trade or next trading day. At first I just tricked my brain into enjoying missing moves on a stock. Always feel confident in every move you make. If it keeps tanking, just think of all the stupid chasers who are long and losing their ass. Think of something that can get your mind off of the negativity you feel about yourself for missing. Sometimes if I am waiting for the next pop on a stock to get short, but instead it just takes another leg down without me, I literally get up that moment and walk out of the room. Then I’ll take some deep breaths, gaze out of the window, and clear my mind. Then when I sit back down at my computer, I feel centered and not upset for missing a play.
- I own them, they do not own me.
- Kaizen
Monday, July 27, 2015
July 27 Trading Day
Pfft.. little preparation like i wanted... Using TD Ameritrade's Think or swim.. had good reviews a few yrs back... I thought Suretrader's platform sucked... this is WAAAAY worse... thought ST was too plain.. this one is too confusing AF...
AVXL- 5000 Buy Entry .76, Exit .84.. Gapped up and panic'd .. bought on last day's close sold on Multiyear-resistance after breaking HOD. 400$
NYMX- 1000 Buy Entry 2.9, Exit 3.15.. Spiked up from 1.29 >_>... small position since i'm chasing... bought on the breakout from previous HOD. sold on level 2 resistance on new HOD. 250$
Gonna watch NYMX for late day entry? ABCD? Support at 2.4?.. we'll see, ill set alerts/stoplimits..
Stoplimits dinged.. orders filled.. watching stocks now...
AVXL- 4000 Buy Entry .855? wth.. Exit .89. bought at breakout HOD Sold under resistance >_>. this is scary that there's so much weight overhead.. 140$
NYMX- 2000 Buy Entry 2.53. 1000 Added at 2.6 (first was dip buy, 2nd was my stoplimit) Exit wrongly at 2.58.. Thought the support was at 2.6 when it really was at 2.55.. (Playing without Level II is blind.. the paper trading level 2/bid+ask is a few mins behind.. useless pos...) 80$
3000 Buy Entry 2.58, Came in again.. Exit 2.63, lower lows.. I shouldn't be in this stock midday.. Shouldn't be scalping either -_- smh... 180$ . This does look like an ABCD intraday.. its alrdy up 100% though.. Setting a stoplimit buy order at HOD and if it doesn't ding.. I'm done for the day.. back to studying..
Nope, fell asleep.. NYMX broke past 3 but didnt come close to it's highs.. will be watching these two stocks again tonight for breakouts.. AVXL is a slow climber though and has major resistance at 1$ from 3yrs ago.. There's so much risk, will only buy on breakout past 1$.
Sigh, I'm scalping again BUT.. i'll work on it since IU has good strategies and i'm seeing how scalping works.. Drastically huge difference on how i trade now vs 2wks ago..
5 trades.. 6 entry, 5 exit.. 100% Rate, 1050$ Profit.
There would've been another nice trade on the midday breakout 2.80 and cover at 3.. but i really need to pay attention to these intraday-sideways action/scalping.. these are not my strongest plays.
Goals for the week: Be prepared PRIOR to market open !! Do homework/scan stocks !!
PS. Playing around with ThinkOrSwim Software... I'm droooooling atm.. It's that good... Where Suretrader only had 1 window open... Behold TOS.. It's just sad that i won't be using Ameritrade.. Hopefully I'll find a platform just as good...
I'm at a crossroads atm, Tim skyes strategy is alot about due diligence on the specific strategies, but i've been seeing calls where even though the catalyst is positive, the price action begs to differ.. I'm starting to see it more of how Tim Grittani/Investors Underground of doing things where you trade the ticker and not the company.. I'll be doing a little bit of both.. For fast moving stocks breaking out, ill trade the ticker.. and once it dies abit i'll do my DD for future breakouts.. IU does alot of scalping however, i really need to see plays where they mess up on so i know what to look out for and avoid. That IU community though, Goal is to finish sykes/tim g's vids and start learning IU's strategies by Oct.
It's funny.. I was looking up more info between the spatter between sykes and modern rock about what started the asian rascist comment squabble and what ensued after. Sykes covered of a loss and he always preaches about #1 rule cutting losses, Modern rock comes in saying hey a covered loss still means your wrong. Although sykes was technically wrong on the trade, his action of covering for a loss required discipline. One MAJOR rule and if not the #1 rule being said by Sykes, Tim Grittani, Modern Rock, Nathan Michaud and ALOT of other successful traders in Investor's Underground is the fact that they #1: Cut Losses Quickly. I love how these guys posts/talk about their biggest losses and it was mainly because of not cutting losses quickly, and confidence in their belief of what the stock should do instead of listening to what the chart IS doing. "Don't use Beliefs, Use Convictions" Convictions has the chart/facts to back it up - Derrick Leon
- Kaizen
AVXL- 5000 Buy Entry .76, Exit .84.. Gapped up and panic'd .. bought on last day's close sold on Multiyear-resistance after breaking HOD. 400$
NYMX- 1000 Buy Entry 2.9, Exit 3.15.. Spiked up from 1.29 >_>... small position since i'm chasing... bought on the breakout from previous HOD. sold on level 2 resistance on new HOD. 250$
Gonna watch NYMX for late day entry? ABCD? Support at 2.4?.. we'll see, ill set alerts/stoplimits..
Stoplimits dinged.. orders filled.. watching stocks now...
AVXL- 4000 Buy Entry .855? wth.. Exit .89. bought at breakout HOD Sold under resistance >_>. this is scary that there's so much weight overhead.. 140$
NYMX- 2000 Buy Entry 2.53. 1000 Added at 2.6 (first was dip buy, 2nd was my stoplimit) Exit wrongly at 2.58.. Thought the support was at 2.6 when it really was at 2.55.. (Playing without Level II is blind.. the paper trading level 2/bid+ask is a few mins behind.. useless pos...) 80$
3000 Buy Entry 2.58, Came in again.. Exit 2.63, lower lows.. I shouldn't be in this stock midday.. Shouldn't be scalping either -_- smh... 180$ . This does look like an ABCD intraday.. its alrdy up 100% though.. Setting a stoplimit buy order at HOD and if it doesn't ding.. I'm done for the day.. back to studying..
Nope, fell asleep.. NYMX broke past 3 but didnt come close to it's highs.. will be watching these two stocks again tonight for breakouts.. AVXL is a slow climber though and has major resistance at 1$ from 3yrs ago.. There's so much risk, will only buy on breakout past 1$.
Sigh, I'm scalping again BUT.. i'll work on it since IU has good strategies and i'm seeing how scalping works.. Drastically huge difference on how i trade now vs 2wks ago..
5 trades.. 6 entry, 5 exit.. 100% Rate, 1050$ Profit.
There would've been another nice trade on the midday breakout 2.80 and cover at 3.. but i really need to pay attention to these intraday-sideways action/scalping.. these are not my strongest plays.
Goals for the week: Be prepared PRIOR to market open !! Do homework/scan stocks !!
PS. Playing around with ThinkOrSwim Software... I'm droooooling atm.. It's that good... Where Suretrader only had 1 window open... Behold TOS.. It's just sad that i won't be using Ameritrade.. Hopefully I'll find a platform just as good...
I'm at a crossroads atm, Tim skyes strategy is alot about due diligence on the specific strategies, but i've been seeing calls where even though the catalyst is positive, the price action begs to differ.. I'm starting to see it more of how Tim Grittani/Investors Underground of doing things where you trade the ticker and not the company.. I'll be doing a little bit of both.. For fast moving stocks breaking out, ill trade the ticker.. and once it dies abit i'll do my DD for future breakouts.. IU does alot of scalping however, i really need to see plays where they mess up on so i know what to look out for and avoid. That IU community though, Goal is to finish sykes/tim g's vids and start learning IU's strategies by Oct.
It's funny.. I was looking up more info between the spatter between sykes and modern rock about what started the asian rascist comment squabble and what ensued after. Sykes covered of a loss and he always preaches about #1 rule cutting losses, Modern rock comes in saying hey a covered loss still means your wrong. Although sykes was technically wrong on the trade, his action of covering for a loss required discipline. One MAJOR rule and if not the #1 rule being said by Sykes, Tim Grittani, Modern Rock, Nathan Michaud and ALOT of other successful traders in Investor's Underground is the fact that they #1: Cut Losses Quickly. I love how these guys posts/talk about their biggest losses and it was mainly because of not cutting losses quickly, and confidence in their belief of what the stock should do instead of listening to what the chart IS doing. "Don't use Beliefs, Use Convictions" Convictions has the chart/facts to back it up - Derrick Leon
- Kaizen
Sunday, July 26, 2015
http://www.bloomberg.com/news/articles/2015-02-10/mystery-of-cynk-stock-jump-endures-as-sec-sues-belize-brokerages
Sigh, more i learn bout the stock market (OTC).. The less love i have for Capitalism.. anyways, i gotta make sure i don't lose focus and the main goal here is education/profits..
Mentor#1: Timothy Sykes "TimSykes"
Mentor#2: Tim Grittani "kroyrunner"
http://tradetheticker.blogspot.jp/
Mentor#3: Nathan Michaud "InvestorsLive"
Gregg Sciabica "lx21"
Bao "Modernrock"
http://tradelikerock.blogspot.jp/
Derriick Leon
http://derricktrades.blogspot.jp/
#NasdaqCowboy
Burned out pretty good since july 13-14ish... sheesh i did have a surgery on the 16th but even then i was alrdy burnt out prior to the surgery. Being physically/mentally fit is a must when stock trading, I can't stress that enough and will make it a priority in being in tiptop shape from now on.. Been slowly remotivated and hitting up webinars/lessons/blogs to get some progress in.
I've been seeing different trade styles / strategies the more i get to know top profitable traders. I am slowly taking bits of pieces that i like from them and slowly creating my own personal style of trading. They all have similarities with one another and the one's i'm really gonna take to heart is.
1) Have a thesis prior to the trade
2) Cut losses quick if it's not going your way
3) Trade the ticker (Tim Grittani/Nathan Michaud slowly veering of T.Sykes style)
4) Patience is key; Aim small, miss small; More is less, less is more; It's okay not to trade
From Derrick Leon's Blog:
Element 1) Patience
Lately it's been about patience and having the right entries, shorts or longs, take your pick. I've found myself ignoring the first 5-10min of the stock market open. If I don't see anything I like, I sit on cash all day. We don't need to trade every blipping day. Be patient, and wait for the right move. Over trading is a bitch so stop doing it in this choppy market. Forcing in this market does not help, the right trades will always come along, just have to wait for it.
Element 2) More is Less, Less is More
Above I talked about patience and knowing when to hit it or quit it lol, but in all honestly knowing when to size in the right trade can be very profitable
I've found myself sticking to 1-3 stocks a day and I wont shy away from that. It has improved my winning average and has improved my profits. More focus = better trading. Sometimes to let a stock workout we need not focus on it, but this market is nuts. A lot of traders out there scalp many different stocks, I've reduced my scalping. I now look for the bigger picture moves.
This doesn't mean go all in and hope for the best. Means trade the size your comfortable with and be patience and respect your stop losses
Sigh, more i learn bout the stock market (OTC).. The less love i have for Capitalism.. anyways, i gotta make sure i don't lose focus and the main goal here is education/profits..
Mentor#1: Timothy Sykes "TimSykes"
Mentor#2: Tim Grittani "kroyrunner"
http://tradetheticker.blogspot.jp/
Mentor#3: Nathan Michaud "InvestorsLive"
Gregg Sciabica "lx21"
Bao "Modernrock"
http://tradelikerock.blogspot.jp/
Derriick Leon
http://derricktrades.blogspot.jp/
#NasdaqCowboy
Burned out pretty good since july 13-14ish... sheesh i did have a surgery on the 16th but even then i was alrdy burnt out prior to the surgery. Being physically/mentally fit is a must when stock trading, I can't stress that enough and will make it a priority in being in tiptop shape from now on.. Been slowly remotivated and hitting up webinars/lessons/blogs to get some progress in.
I've been seeing different trade styles / strategies the more i get to know top profitable traders. I am slowly taking bits of pieces that i like from them and slowly creating my own personal style of trading. They all have similarities with one another and the one's i'm really gonna take to heart is.
1) Have a thesis prior to the trade
2) Cut losses quick if it's not going your way
3) Trade the ticker (Tim Grittani/Nathan Michaud slowly veering of T.Sykes style)
4) Patience is key; Aim small, miss small; More is less, less is more; It's okay not to trade
From Derrick Leon's Blog:
Element 1) Patience
Lately it's been about patience and having the right entries, shorts or longs, take your pick. I've found myself ignoring the first 5-10min of the stock market open. If I don't see anything I like, I sit on cash all day. We don't need to trade every blipping day. Be patient, and wait for the right move. Over trading is a bitch so stop doing it in this choppy market. Forcing in this market does not help, the right trades will always come along, just have to wait for it.
Element 2) More is Less, Less is More
Above I talked about patience and knowing when to hit it or quit it lol, but in all honestly knowing when to size in the right trade can be very profitable
I've found myself sticking to 1-3 stocks a day and I wont shy away from that. It has improved my winning average and has improved my profits. More focus = better trading. Sometimes to let a stock workout we need not focus on it, but this market is nuts. A lot of traders out there scalp many different stocks, I've reduced my scalping. I now look for the bigger picture moves.
This doesn't mean go all in and hope for the best. Means trade the size your comfortable with and be patience and respect your stop losses
Sunday, July 19, 2015
July 19 Japan Time
Surgery done.... bn in the dumps the past couple of days. Got re-motivated and ready to pounce on these video lessons...
July 13 was when i was looking at this stock, tried to get in but did not get filled. 14th was sideways action which was bleh but i knew that by the 15th, the CNBC conference is a MUST to look after.. After a positive review, the stock shot up from under 6$ up to 10$.. This was easily on my watch list because of the obvious july15 cnbc conference but since i had surgery.. didn't bother with stocks at all... sheesh... even with the crappy stock climate we're bout to head into.. this chart PLAY is a must BUY...
http://www.bloomberg.com/news/articles/2015-05-07/billionaires-have-had-a-big-impact-on-this-trio-of-penny-stocks?cmpid=yhoo
http://www.thestreet.com/story/13115104/2/why-is-carl-icahn-doubling-down-on-these-3-struggling-stocks.html
With such a huge stake in the company, odds were very good that the stock was going to go up and not down.. Billionaire plays/Techbreakout plays are gonna be my favorites...
- OHRP
I did good buying the breakout on the 13th, and looking back on the afternoon whn i decided to pre-tend long o/n. It had a head/shoulders action + faded into the close, 2 good indicators that i ignored leading into the gap down the next day. 2days later, with more news. It broke out to new highs and analyst upgrades to the stock both above 40$price targets by 2019 and at least 18$ price target within 12 months. I need to revisit previously traded stocks for these type of actions.
- VLTC
WOW !!!! Billionaire play SPIKES the stock once again proving this chart play is a good buy !!
"Icahn, speaking to Benzinga on the sidelines of CNBC's "Delivering Alpha" conference on Wednesday night, said he is still in his Voltari position. Icahn's Icahn Capital last reported a 52.3 percent stake in Voltari on March 31. A little over 4 million of Icahn's 4.73 million share position was acquired at that time, at an average price of $1.36 each."
July 13 was when i was looking at this stock, tried to get in but did not get filled. 14th was sideways action which was bleh but i knew that by the 15th, the CNBC conference is a MUST to look after.. After a positive review, the stock shot up from under 6$ up to 10$.. This was easily on my watch list because of the obvious july15 cnbc conference but since i had surgery.. didn't bother with stocks at all... sheesh... even with the crappy stock climate we're bout to head into.. this chart PLAY is a must BUY...
http://www.bloomberg.com/news/articles/2015-05-07/billionaires-have-had-a-big-impact-on-this-trio-of-penny-stocks?cmpid=yhoo
http://www.thestreet.com/story/13115104/2/why-is-carl-icahn-doubling-down-on-these-3-struggling-stocks.html
With such a huge stake in the company, odds were very good that the stock was going to go up and not down.. Billionaire plays/Techbreakout plays are gonna be my favorites...
Tuesday, July 14, 2015
July 14 Day
Did very little HW prior to the trading day, just wanted to focus on OHRP, VLTC, NUGN, and any other strong% gainer on the day.
- OHRP
Gapped down, Probably gonna die all day, Going to play around scalping it.
- VLTC
Weird but it gapped down a little bit to 6.44, it didn't have the best strong close, but i was expecting a spike. It tested 7 pre-market, so i'm feeling it's just dipping from that. I normally will close this position on any other but there's solid resistance at 6.3 from yesterday's mid day/early afternoon. Hypothesis: Risk 14cents downside for the potential spike, hoping it'll test 7 again. Result: Spiked into 6.9, strong resistance yet again at 6.9 so i'm closing. Entry from yesterday is 6.58, Exit at 6.85 230$ profit.
- NUGN
T3h ideal chart play/most predicatable pattern has come up again. g/r yesterday and the day after the first red day!! It dropped from 3.66 to 3.22 at close which breaks below the previous crashes low!! No shares to short but let's play it as if there were. Slight pullback up to 3.26, wall of sellers.. Short 2500shares at 3.26.. nice morning panic to 3.05, bouncing up to 3.13 (lower high), keep holding.. breaks below 3.05 and bounces of 3 (lower low), bounces to 3.1 (lower high), and tests 3 again.. uh-oh.. will cover depending on how high this bounce gets.. meets resistance that morning's panice 3.06.. breaks below 3 to 2.95 and bounces to 3.03.. the bounces are getting smaller.. seems like consolidating, cover at 3 for 22cents per share since i'm not gnna babysit anymore but this seems like a waste of the ideal play.. Will come back to it later to see how it finishes up and whether covering was the right play. Result: Had a mid day panic.. bounced back just underneath 3.. fading volume from yesterday which is a good sign it'll fade... Mid day- early afternoon fade.. broke down through day's low at 1530 down to 2.55by 350pm.. bounced to 2.7 at the close..
So.. I noticed that i shorted in the morning knowing well that it'll drop but had NO EXIT PLAN, INCOMPLETE HYPOTHESIS. I knew the previous crash support was at 3.25 which the day started off below WITH a panic. So my mindset was i'll close where i see resistance, completely ignoring that the last, last crashes support was at 2.5.. which was today's low.. Coincidence?? I'm an idiot.. 3rd day not following the most important rule of having a COMPLETE hypothesis prior to making a trade. I only would've made 660$ on a potential 2160$ profit on the IDEAL Pattern but i got scared out of my position because i didn't bother to analyze an exit strategy..
Thoughts:
Trades/Scalping: I'm starting to see the difference between high probability trades and me getting forced into scalping, which i've had really bad results from. Scalping however has forcing to really, really watch how a trade is going in comparison to the previous highs/lows of the day. This makes me see how much more important it is to check 1d, 5d, 1m, 3m, 6m, year high/lows since the high probability trades are based on those and NOT on intraday patterns. Prior to a trade, i need to be asking myself.. Is this a high probability pattern or am i scalping? Also, I'mma start keeping a tally of my trades here Actual Charts vs Scalping Trades, I think i'm like 4/4 on actual plays andl like 30-50% success on scalping. Also, i'll b starting to review the prior day's posts and comment on them to get progress feedback on a day-to-day basis.
Making mistakes, which is good since i can learn from them.. problem now is that i keep making the same mistake because i have a short memory and forget what i learned (will be making flashcards as SOP on Known chart patterns/Still fairly new, I'm hoping it'll be etched into my mind as i see more charts and get more experience, but for now.. the flashcards will help my stupid memory problems...) This has stacked up enough that i feel like it's a limiting my progress, I'll be taking a few days away from the market and setting up systems to help me in trades. Also, watching videos has been to a halt, will be spending the time away from the market to beef up on videos and reviewing the fundamentals. Things to do before i go back to the market.
1) Have a system of doing HW prior to market day
2) Have a system in place in which i can scan stocks at market open.
3) Have a flashcards to help me keep tracks if whether or not i'm still on track on my hypothesis.
Good stuff, won't be posting stuff until i get back on the market. Might put stuff here just in case i wanna have on record something important i learn from vids.
- Kaizen
- OHRP
Gapped down, Probably gonna die all day, Going to play around scalping it.
- VLTC
Weird but it gapped down a little bit to 6.44, it didn't have the best strong close, but i was expecting a spike. It tested 7 pre-market, so i'm feeling it's just dipping from that. I normally will close this position on any other but there's solid resistance at 6.3 from yesterday's mid day/early afternoon. Hypothesis: Risk 14cents downside for the potential spike, hoping it'll test 7 again. Result: Spiked into 6.9, strong resistance yet again at 6.9 so i'm closing. Entry from yesterday is 6.58, Exit at 6.85 230$ profit.
- NUGN
T3h ideal chart play/most predicatable pattern has come up again. g/r yesterday and the day after the first red day!! It dropped from 3.66 to 3.22 at close which breaks below the previous crashes low!! No shares to short but let's play it as if there were. Slight pullback up to 3.26, wall of sellers.. Short 2500shares at 3.26.. nice morning panic to 3.05, bouncing up to 3.13 (lower high), keep holding.. breaks below 3.05 and bounces of 3 (lower low), bounces to 3.1 (lower high), and tests 3 again.. uh-oh.. will cover depending on how high this bounce gets.. meets resistance that morning's panice 3.06.. breaks below 3 to 2.95 and bounces to 3.03.. the bounces are getting smaller.. seems like consolidating, cover at 3 for 22cents per share since i'm not gnna babysit anymore but this seems like a waste of the ideal play.. Will come back to it later to see how it finishes up and whether covering was the right play. Result: Had a mid day panic.. bounced back just underneath 3.. fading volume from yesterday which is a good sign it'll fade... Mid day- early afternoon fade.. broke down through day's low at 1530 down to 2.55by 350pm.. bounced to 2.7 at the close..
So.. I noticed that i shorted in the morning knowing well that it'll drop but had NO EXIT PLAN, INCOMPLETE HYPOTHESIS. I knew the previous crash support was at 3.25 which the day started off below WITH a panic. So my mindset was i'll close where i see resistance, completely ignoring that the last, last crashes support was at 2.5.. which was today's low.. Coincidence?? I'm an idiot.. 3rd day not following the most important rule of having a COMPLETE hypothesis prior to making a trade. I only would've made 660$ on a potential 2160$ profit on the IDEAL Pattern but i got scared out of my position because i didn't bother to analyze an exit strategy..
Thoughts:
Trades/Scalping: I'm starting to see the difference between high probability trades and me getting forced into scalping, which i've had really bad results from. Scalping however has forcing to really, really watch how a trade is going in comparison to the previous highs/lows of the day. This makes me see how much more important it is to check 1d, 5d, 1m, 3m, 6m, year high/lows since the high probability trades are based on those and NOT on intraday patterns. Prior to a trade, i need to be asking myself.. Is this a high probability pattern or am i scalping? Also, I'mma start keeping a tally of my trades here Actual Charts vs Scalping Trades, I think i'm like 4/4 on actual plays andl like 30-50% success on scalping. Also, i'll b starting to review the prior day's posts and comment on them to get progress feedback on a day-to-day basis.
Making mistakes, which is good since i can learn from them.. problem now is that i keep making the same mistake because i have a short memory and forget what i learned (will be making flashcards as SOP on Known chart patterns/Still fairly new, I'm hoping it'll be etched into my mind as i see more charts and get more experience, but for now.. the flashcards will help my stupid memory problems...) This has stacked up enough that i feel like it's a limiting my progress, I'll be taking a few days away from the market and setting up systems to help me in trades. Also, watching videos has been to a halt, will be spending the time away from the market to beef up on videos and reviewing the fundamentals. Things to do before i go back to the market.
1) Have a system of doing HW prior to market day
2) Have a system in place in which i can scan stocks at market open.
3) Have a flashcards to help me keep tracks if whether or not i'm still on track on my hypothesis.
Good stuff, won't be posting stuff until i get back on the market. Might put stuff here just in case i wanna have on record something important i learn from vids.
- Kaizen
Subscribe to:
Posts (Atom)