Oh man, I can't believe this, hah! It took Zecco 15 minutes to fill a buy order for TWM. A Short fund that I like to buy when I want to short the market. I wanted to get right at the open as I saw nothing but huge amounts of stock being distributed in big volume. I wanted to get in at 71-71.20 but got filled at 71.56 Stop point is at 70.50
I'll be scaling out at 2% gain increments. When I hit my first 2% I'll move my stop to break even.
I'll post the chart when the trade ends.
Zecco finally has my cash and I'll have buying power tomorrow morning. Can't wait to see what's out there.
On another note, I bought all kinds of books to keep me busy after market hours.
- Think for Yourself by Robert P. Crawford
- The Ruminator by Humphrey Neill
- The Nature of Risk by Justin Mamis
- Famous Financial Fiascos by John Train
- Speculation: It's Sound Principles and Rules for Its Practice by Thomas Hoyne
- Dance of the Money Bees: A Professional Speaks Frankly on Investing by John Train
Can't wait until these come in. I've read everything on my "Books I Love" list twice already not to mention all the other books I didn't add to that list. Time for some fresh content.
Still waiting on my cash to settle in Zecco so I can get the action going. While I'm waiting I'm paper trading some stocks I see opportunities in.
LDK was up pre market which got my interest because most of the times LDK is up pre market it tends to keep going. Especially when the overall market is in positive territory.
The green line on the chart represent my entry at the time. I got in at 6.35am PST with a price of 52 a share. Set my stop at 51 which is the black line. LDK rallied upward and I sold half my shares of 100 at the bottom yellow line which is 55.35. Saw it pullback and when I noticed it seemed to bottom out just above support, I got ready to sell my second half (50) of shares. I waited it to make a move above 57.34 to break that pivot point but it never did at the time so I dumped the last 50 at 56.20 (top yellow line). For a nice sized gain for the day.
haha, yeah yeah. I'm moving back to Zecco. I figured I'm going to be paying fees either way and I don't trust myself having such quick access to making trades. I don't want to get too trigger happy and make a bunch of stupid trades.
Plus, I like Zecco.
I'll be ready to rock n roll Friday morning or Monday morning.
Today's been a weird day for the market. I didn't pick up any stocks that were up big pre market nor did I pick up any momentum stocks. Usually I'll pick up GOOG or AAPL or GS or BIDU as that's all they've been doing the last 2 weeks. Kind of weird to wake up with no alerts. I thought my Internet was down or something.
I'm currently with Zecco.com right now because of the free commission trades. Well today their basically cutting back on the free trades and raising the fee. Now Zecco is just like any other broker and if I'm going to be with any other broker I might as well have one that integrates with
Quote Tracker
I'll be moving to MBTrading.com Hopefully everything will be all said in done in one week from today. Until then, I'll be paper trading. I might post up some screen shots on my paper trades but we'll see.
