Got in on AMZN a few minutes ago. Entry was 85.04 I bought it because I think today is just another over reaction to news. AMZN had extremely good earnings but the stock fell because it wasn't up to par with AAPL and GOOG. Which is pure crap. People are expecting way too much and over react way too much.
There's support around the 85 level also some around 84. Stop is at 82.50 and I plan on selling tomorrow on the rebound.
I turned on CNBC this morning to see what was going on and why the market is down big. First thing I heard was talk about a recession. I immediately came over to my PC and put in an order to buy TWM. It's an Ultra Short Fund I've been following and wanted to buy it a few days ago because I had a feeling something like this might happened but I never bought it. Well, today gave me an obvious good reason to get in. Basically playing on the fear of the market and also hedging out my portfolio.
The arrow shows my point of entry. Got in at 64.78 with a stop at 62.50 which I might raise on Monday and buy more shares, depending on how things play out. If we rally to the upside it's showing we're in a strong situation but if it continues to decline the overall public could be losing confidence in the situation. It'll be interesting to see how things play out.
Got in on LOCM. I like how it was up pre market and it tested a support level 5 times. I had to get in. Got in at 6.87 with a stop at 6.60 that's in a good stop below the action. That's a 4% decline roughly and I've adjusted my position size accordingly. I'm leveraging the best amount of cash for this particular situation. Green is the support line, black is my stop, purple is more support that I havn't colored yet, haha and the red line at top is resistance.
Wasn't planning on doing much today. Kept an eye on AAPL and saw it's been trading in pretty tightly in this channel and I wanted to see if it could break 167. I did once but the volume wasn't to my liking and it fell. About 10 minutes before the close today it broke above 167 on huge amounts of volume and I just had to buy it.
Got in at 167.10. My stop will be around 162 But I'll keep this in my portfolio for about a week to let it grow.
This one I like as well. It's trying to make new weekly highs. Got in at 11.16 and stop is at 10.85 Green is entry, black is stop, yellow are the support/resistance lines I drew.
I really like this trade. JDSU looks to be breaking out of this channel it's been stuck in for about a week or so. I waited for it to hit 16 which would be the top of the channel and got it at 15.99 I set a stop at 15.65 which is roughly a 2.5% drop and is also a low for the day.
Green line is my entry point. I bought it during that tall white candle and the black line is my stop. I'll hold it until I either get stopped or take a profit where the stock might be turning around. Don't know exactly how I'll determine when I'll get out but I'll know when I'm in the moment.
Got in at 14.92. Stop is at 14.85 I liked how it is just under key resistance at 15 and If it breaks 15 it could keep going higher. Risk is minimal but the potential gain could be relatively big. We'll see what happens.
Green line is my entry and black line is my stop.
Bought LDK for my IRA this morning. Got in at 44.50 Time frame for this guy will be 2 weeks at the most. LDk has been up huge for months now and I like how it's pulled back to the mid 40's. It's a good solid stock, I like where it's been and I like where it's going.
Bought ISIS at 16.99. Saw it move and thought I'd get in. I probably got in a little late in the day since I only have a couple more hours before the close but I thought I'd give it a shot. Stop is at 16.75
We'll see how it plays out.
I think this might be considered an educated impulse buy, loll. I saw HSOA last night looking over a lot of charts and liked it but didn't setup a plan for it because I needed it to drop a little. Well, it it took off a little in the morning and I got in at 3.79. My stop is at 3.65 (black line) My target is about a 5-7% gain and I'll be holding it until the end of the day.
There is some resistance at 3.84 but after that it's up to the traders.
STKL dipped very quickly to my entry point and my limit order got filled at 13.88. I immediately put in a Stop Loss at my target of 13.63. My time frame for this stock is a couple days so I'll do my best not to watch this stock like a hawk. My stop is set, my risk is already pre defined to a level I can tolerate, so I have nothing to worry about.
I bought 300 shares of LUM at 1.75 this morning. It fell to 1.73 and bounced to 1.75 which is a very strong key support level. I wanted to wait for it to test those levels and for the stock to determine the bottom and see how strong those levels really were. Turns out they were very strong and I got in at the strong support level of 1.75 ( blue box represents entry point and purple lines are support/resistance)
It's hitting some resistance right now at around 1.77 which isn't a problem. I think it'll be a good psychological boost if it breaks these levels which could produce nice shot in the air once it peaks these levels.
My exit point is at 1.66. For my system and my plan, this is all I can allow to lose on this trade. I have an alert to go off at 1.70 to let me know the action if I might need to get ready to sell.
My target price is around 1.85 which is a key point for the day. If LUM can get the strength to bust those levels. I think we can see it go higher until around 1.90 which is the next key point of resistence (high of the day).
