Back in the Market

I'm getting back into the stock market. I've made a couple trades with great profits but more importantly I feel a lot more disciplined. Having thousands of dollars on the line don't seem to effect me emotionally like it used to in the past.

I've been working on fine tuning my criteria for selecting stocks that I think will have big moves at the opening bell. The only thing I'm concerned about is where to get out of the stock once I've made the buy. I'll be going over a bunch of scenarios on paper to figure out what I should be doing when the price moves in certain ways. I think this will help solidify in my mind what I should do. When these scenarios do present themselves I'm hoping I'll be able to act rationally and execute the plan.

Another thing I've noticed is my patience. I seem to be a lot more patient when it comes to trading. I've spent about a week in the market and only made one trade. I was patiently waiting for that particular setup and it paid off nicely. I think one of my big mistakes in the past was over-trading. I was so excited about trading stocks I constantly wanted to do it and that mentality cost me money. Now I seem to be more focused on only trading stocks that my methodology/system produces because I know the potential. At the same time I'm well aware that these setups will also produce losers, it's simply part of the game, so cutting these losers asap is also going to be vital to my long term success.

I'll be blogging my thoughts and reflections on trades, results, discipline, risk management, etc. There might not be a ton of activity here simply because I won't be trading just any old stock. I'll be patiently waiting for my setup. Ultimately me entry and buying decision of a stock is determined by how fast it moves at the open. Does it have enough juice to carry me?

This is the beginning of everything.









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CPRX: Lookin' Like Gold

Came across CPRX today after hours. Beautiful looking chart. Ended on massive volume and a massive price gain today. I especially like how it closed today close to its high. After hours, it blasted through the day's high which I like. Right now its up above $2 which is a nice round number, good for a support level. All in all, looks like we could see a nice shot in the morning. I'm looking for 6-8% return would be nice. We'll see how it works out.

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ZANE: What a Doozy!

The stock I was looking at this morning from yesterday turned out to be a dud. No more power left at the open. However, I did come across ZANE once again and this time we left on good terms. I got in at 3.13 and rode it on its first run to about 3.53 was its high. I held on since it was going up but then it pulled back as profits were being taken from traders. ZANE hit 3.33 and I bailed.

As I'm positing it looks like ZANE is having a second run and quite a run it is. An additional 30% from where I got out. I'm sure a lot of traders are stoked right now, haha. Unfortunately, I got out but I'm definitely happy with a 6.3% return. Thanks ZANE! lol

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ATSG: No More Steam, IMUC: Watching

Looks like ATSG didn't have any more juice from the last two trading sessions and fizzled around and didn't do much today. No big deal since I didn't trade it or anything.

I'm not seeing too much tonight that looks worthy of being bought tomorrow. However, IMUC looks interesting because of its relatively flatness and nice price jump. Average volume is around 50k shares and it did around 500k today, not bad. High today was 1.34 and I set my alert to 1.35. If it does nicely pre market and opens high i'd consider buying. If not, then I'll wait to see what it does and if there is strength to blow past the high of 1.34

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Watching ATSG for Tomorrow

It's been a quiet week for me so far. I'm looking at ATSG for tomorrow's open. The chart looks decent, particularly the second move it's had on strong volume. I'll be inspecting what it does pre-market to get an idea of price levels and possibly get in at the open to ride out any last momentum.

Right now, it looks like the stock is up a .75% at the days high after hours. We'll see what happens tomorrow.

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Selling Some Stock Trading Books!

I went through my accumulation of used books and put them up on Amazon.com to sell. I have a ton of comprehensive books that have had a colossal impact on me and helped me in the learning process. I am trying to give back what I've received and am selling these books at pretty good prices.

Check out my store front if you wish: http://www.amazon.com/shops/AUXZEZC2U64L8

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SOMX- Crazy Ride but Ended Well

So I broke my plan already. However, the trade did turn out well, very well.

I bought SOMX yesterday at around 12:55 PM Pacific time, 5 minutes before the close. I bought in at $9.20. I watched the stock move nicely; eventually hitting $10 which was a good time to sell for a number of reasons. One reason is that 10$ is a whole number and any time a stock approaches a whole number, it's a very cautious point. Second reason is I had about 30 seconds before the market closed and I wanted out. I really dislike holding stocks over night.

I went about setting up my order to sell at $10 and hit the preview before finally submitting my "final answer". For whatever reason, I don't know why, I never hit the submit order button right after the preview stage and ended up holding the position overnight. A definitely scary situation considering the stock fell all the way back to $9.20 after hours, wiping out all my paper gains. I immediately put in a limit order after hours at $9.10, .10 cents below my buy price. A tight stop price, indeed, but I wanted to limit the loss from my stupid mistake in case the stock decided to sell off at the open, I'd be out.

In the end, I was forced to hold the stock over night. The next morning I was watching pre-market to get an idea of what it was doing and was surprised to see it bouncing between 9.30-9.40. What was amazing was watching the stock jump .35 cents in 1 second immediately at the open. Before I knew it the stock hit $10.35, fell a bit and I hit the sell button and bailed out right at $10, which is the price I wanted out in the first place. A great end to a bumpy night; a 7.14% return!

The chart below is 2 days worth of intra-day data on 10 minute interval candles. The red and green lines roughly represent my entry and exit points.

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No Trade, Just Observing NNVC

I haven't been active lately, which is a good thing considering I have not seen anything worthy lately. No point in trading for the sake of trading because every time that happens money is always lost, guaranteed! So, I came across a pretty nice chart last night. NNVC caught my attention and I was a bit hesitant as I thought to myself this had an 80% of being a winner. I put the stock in my watchlist to trade this morning at the open. However, I overslept and completely missed the open and missed the nice little run the stock had at the open as well.

The chart I liked.

And this is what it has done so far. I'm particularly interested in the first 15 minutes or so; the nice run at the open.

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Morning Breakouts: Trading Plan

I have a few other posts' here dealing with my trading plans in the past. The same idea permeates the plan throughout: morning breakouts. I tend to gravitate toward trading the open of particular stocks that I fancy. What I intend to write here is explain what it is I'm looking for and to record for myself and have a place to come back to and keep myself in check.

The technical part of the charts I'm looking for is quite simple. The stock itself should be in a tight price range over the last 3 months at least and be between 1 and 10 dollars per share. What will attract me is a nice large price spike accompanied by a huge volume spike to confirm the new move. The picture below will serve as an example of this idea.

One can quickly see the exciting price move, represented by the white candle, and the nice tall green volume bar. What I plan on doing after finding this particular pattern is watching the stock pre-market so I can get an idea of how it's behaving and see if there are any certain support or resistant barriers. That's my pre-market routine. My End of Day routine will be to first find this pattern, then look at the intra-day data and see what the support and resistant levels are and measure any pontential moves in between those ranges.

So far, this is a rough sketch of what my trading plan will be as far as selecting stocks go. Later on I'll be fine tuning my entry and exit points more than what I use now, which isn't really worth writing down.

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Making a Comeback with CHGI?

I've been out of the market for some time now and I thought I'd jump back in. I'm keeping this blog basically for my own records so I can see down the line what I've been doing, you're welcome to follow along if you so desire.

I bought CHGI close to the open, problem was I couldn't get my limit order filled due to the stock out running me, which is I good thing, I suppose. I bought in at 2.58, after recklessly putting my order in at the offer. Unsurprisingly, the stock fell 3-4% for where I got and made a nice rebound. When it hit around 2.87-2.90 needless to say, I was stoked. The bid fell to 2.82, I put in a limit order at 2.80 as insurance in case it did decide to fall I'd make out with a decent profit, if not, I could still ride it up.

CHGI sold at 2.80 for a 6.73% profit. Not too bad.

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Investors, You Can Help Darfur

Millions of investors are unaware that their savings are invested in companies that help fund genocide in Darfur.

Many U.S. based investment firms own shares in companies such as PetroChina, a Chinese oil company whose parent company, CNPC, is filling the coffers of the Sudanese government and helping fund the government’s actions in Darfur.

Our campaign focuses on the five U.S.-based mutual fund companies that hold the largest shares in PetroChina, as of their most recent filings reported by Bloomberg on August 1, 2007.

• Franklin Templeton
• JP Morgan Chase
• Capital Group/American Funds
• Fidelity
• Vanguard

 

Information Here http://www.savedarfur.org/page/content/index/

Buying Established Sites

I've been looking at a few sites that are for sale lately and am looking to invest in some established sites. Wanted to write a quick note to anyone who is or knows someone selling a site. I'd like to check it out.

 

I know I need to get some new content here. My motivation to blog has slowly dwindled a little but I'll see if I can get back in the blogging spirit.

Slow Down- Pursing Other Ventures

My blog might be a little slow from now on. I'm taking my money that I trade with and putting it into other ventures. So if you're looking to see what trades I've been making you might be bummed out because there won't be any.

 

I'll still post my thoughts on goals, power, knowledge, persistence, passion ,etc. But for the most party my trading career is slowing down for the moment. I'm not completely abandoning trading but when it comes to my interests I seem to learn everything I can and get to a point where I feel I've maxed out what I need to know and move on to something else.

 

So, when it comes to trading, I feel I have a very strong grasp on the concepts and what's needed to be profitable, why people fail, etc so I want to pursue something else, master it, and move on.

 

I'm not going to disclose exactly what it is I'm doing but if I feel it's something I can sustain for a period of time like my trading, I might setup another blog. Or create a "personal" blog to log all my activities and ventures.

OVTI- Took a Small Hit

There was really no reason for me to trade this. It's just been so long since I've been consistent with my trading but the market is telling me to stay out so I have been. I guess today I wanted to trade for the hell of it, and well, I lost money because of wanting to do that.

 

Not a big loss. It's small. I got in at 15.94 which I knew was going to be close to the top I was looking for an exit of about 16.20 or so. My stop was down at 15.70 which the price would jump down there then jump back up so I didn't put in a hard stop limit because I didn't want to be falsely exited out while it kept moving.

 

I bailed out at 15.83 because I had to go the bathroom sooooo bad but I wasn't confident enough in the trade to let it keep running. So I made an executive decision and bailed out while I could. Now that I'm back. It looks like it hit my target of about 16.20 (the black arrow) after it took a little dip which I didn't want to go through. I was wanting it to keep moving after I got in, lol like most people.

 

SO, the loss wasn't big. I got out way ahead of my stop, took a small, really dumb loss I guess you could call it. February is definitely a hard and bad month for me. Which would explain the very light trading going on here.

 

eBook Cover Design

Wanted to make a quick post and see if anyone out there is interested in a custom cover design for any of the following:

 

Book cover

DVD cover

CD cover

E-Zine cover

Box covers

Binder cover

 

Entrecard members would be able to pay with credits. How many credits would you pay to have a custom design? Would you even be interested in something like this? Do you know anyone who would? All comments will be great.

 

Just curious. I'd appreciate it if you could leave a comment below. Thanks!

The Power of Setting Goals

Setting goals gives you the ability to see the light at the end of the tunnel and provides you with short term motivation to get to that light.

 

All the way from Professional level athletes to successful business men to entrepreneurs get to that point by setting goals. When you have a clear vision in site it's easy to see what you need to do to get to that clear destination. Coming across distractions and obstacles are also clearly seen and avoided because it's not in your best interest to go that route in order to get to your destination.

 

How to Set Goals and Accomplish Them

• Get a pen and paper and write down exactly what you want in precise detail (most people can't even get past this stage)
• Brainstorm about what you need to do to get there
• Break the goal down by year, month, week, day, etc. so you can "eat the elephant one bite at a time"
• Bring in any outside help you might need to accomplish the goal (friends, family, mentors, etc.)
• Take Action and start chipping away at your goal one day at a time

 

Going through the entire process and working through a goal can be extremely rewarding and will boost your confidence to the point where you can conquer the world! Anything you want to do, can be achieved. You need a plan, tactics, and the ability to waste no time in taking action

 

• The Goal

I setup a short term goal for myself this past weekend. Last summer I weighed 180 lbs at 9% body fat which at the time I wasn't impressed with. I was going to the gym on a daily basis and still didn't like what I saw. Looking back now I was easily in the best shape of my life. Now, I'm 205 at 22% body fat and I attribute a lot of that to me focusing 150% of my attention to learning to trade stocks. Plus, there were other factors as well. I have two herniated discs back from the summer of '05 due to a lifting injury, and I did a lot of moving from house to house which killed my motivation to keep going to the gym.

 

• Goal Breakdown

By June 6th (a few days before my 21st B-Day) I want to be back down to 185 at 10% BF. So I got my spreadsheet open and broke it down by weekly milestones. I'll be weighing myself every Friday morning. I need to lose 1.3 lbs a week which isn't too aggressive but will definitely require work. I'm also keeping track of how long it takes me to run to my destination which is quite rough. There's a lot of slow and steady inclines and declines on the way there. Then when I get there I run 2 sets of stairs which run down the side of a cliff (76 steps, I counted, lol). Round trip I believe is about 1.25 miles

 

• Strategy to Accomplish

So, I knew my goal, I know what I needed to shoot for. How do I do it? I'm going to bump up my running from a once a week or so to 5 days a week. I'm also going to watch very careful what I eat. Which I thought would be hard because I can eat anything and everything, haha but just the simple fact that I have a hard copy goal that's clear and attainable in the back of my mind is really pushing me to stick to the plan.

 

I was actually amazed at how well I was doing by not eating any garbage food and walking right by it considering my sweet tooth is horrible! I hate it and had such a hard time getting rid of it. But now I think I can easily get over it thanks to my clear goals. I can see the light at the end of the tunnel!

DARA- Now this is a Trade

DARA was one of the stocks on my watch list today but I closed it out because of the extremely wide spread and it was jumping around back and forth at the open so I closed it out.

 

Just brought it back up and it was up around 34% so I got in. I liked the movement and the volume and I entered at 5.50 My stop was 15 cents below my entry at 5.35 and you can see that by the long black bar that's slightly crooked lol.

 

Immediately jumped up nice and high and pulled back but still higher than where I got in. Let it ride for a few minutes and bailed at 6 mainly because I was more than happy with the gain and because I still have a freakin' hard time letting my winners run. I don't know why... I need to figure something out.

 

Overall, I'm stoked about this trade. Mostly because it's been a while since I've pulled a nice gain like this. I was thinking yesterday how long do I need to go before I put on a trade? Because it seemed like forever. Well, I had a couple beauties in front of me and I'm stoked about that.

 

ERES- Better Than a Loss

Traded ERES this morning. It was none of the stocks I was watching but I saw it move and move in a straight line and jumped in at 11.88 which I knew was going to be pretty lat in the game but I thought I could squeeze some cash out.

 

I let ERES run for few minutes and 12.20-12.25 was a key range I thought because it was the price level where the stock has hit twice before and declined. Like a double top kind of thing back in Oct. and Dec.

 

So I see it running up to that level and it seems to be hovering like I thought it might. Although it never decided to decline but that was after I sold out. I got out at 12.17 because the bid immediately dropped from 12.20 to 12.17 as I was just hitting the send button. So I got screwed on that part and I got screwed on me not wanting to stick it out and let it run.

 

My stop was 25 cents from entry which would be at 11.65 Low enough to stay out of the fluff but not too far where I'd take a big hit.

 

All in all. It was good that I followed my initial game plan but I shouldn't of sold a stock that was moving straight up lol.

 

How to Trade Stocks to Ensure Long Term Survivability and Profitability

Tools to Trade Stocks Successfully to Guarantee Long Term Survival and Minimal Loss with Professional Discipline

 

• There is absolutely zero satisfaction in making huge money trading stocks, only to see hard earned gains evaporate in a couple days. Each morning it's a battle to fight for a paycheck yet still finishing the evening tattered and torn

 

• The morning comes along where the market quickly saps profits and takes it all  in a matter of days or even minutes! Can I really trade successfully? Why do I do this? Why can't I keep what I make? What am I doing wrong?

 

 

Sound familiar? I've gone through that experience. I'm an amateur trader as well and I've dedicated the last 32 weeks to learning how to trade and doing what's required to be profitable. During that time I've created products that was essential to ensure long term survivability to stay in the game longer while still trading actively to learn this profession.

 

The Stock Traders Elite Success Kit, is that creation. It's an advanced spreadsheet that represents all details of past performance on many different levels. A Position Sizing Calculator to tell me exactly how many shares I need to buy for my trade to ensure minimal loss as well as maximum upside. Lastly, I put together a 6 page mini book with jam packed information for the amateur trader required for the mind set of a professional.

 

 

 

Position Sizing Calculator Software MSRP: $24.99

• Buy the Perfect amount of Shares for all stocks
• Minimize Losses
• Maximize Profitability
• See exactly where to get out of a stock when it goes against you
• See exactly what you'll lose before you trade!
• Eliminate guessing about where to sell
• Ability to see your game plan before executing a trade!
• Like to Scale out of a stock? Know exactly where those multiple sell points are based on % Increase
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• Eliminate the hesitation before Pulling the Trigger!
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Advanced Spreadsheet MSRP: $34.99

• Able to see all bits of trading performance
• Go back and see where past mistakes are
• Profit from past performance patterns
• See what capital is being used
• Track your Gains and Losses
• See a visual representation of capital in an Equity Curve
• Eliminate guess work about past trading performance
• Tax Season is done Easier and Quicker
• Determine if a strategy is Profitable over the long run
• See how much money can be made over any amount of Days
• See exactly how much an account is profitable
• Become disciplined in trading
• Replicate Professional Traders
• Determine if long term survivability can be accomplished
• Eliminate past weaknesses for maximum profitability
• Quickly see what works and what fails in a strategy

 

 

 

Secret Success Notes MSRP: $49.99

• Replicate professional traders in a fraction of the time
• Dramatically reduce the learning curve for becoming a profitable trader
• Quickly read highlighted key parts
• Skim through 6 pages of Goldmine Information
• Eliminate need to read through 40 books
• Read Cherry Picked information from professional traders
• Zero Fluff information
• Go back and re read over and over crucial information on the comfort of a couch or cozy bed
• See what days are more profitable than others

 

 

 

 

• This entire package should be easily selling for over $100 but I'm selling it for only $9.99 I'm trying to give back what I've learned during my 8 months of research. I'm selling 50 packages of the Stock Traders Elite Success Kit on a Small Supply.

 

Once the 50 have been sold, that's it, no more!

 

I personally take advantage of all these products on a daily basis and understand the value these products have. That's why I'm selling a Small Supply. Buyers of this Small package offering will also receive an Amazing Bonus.

  

 

The Advanced Spreadsheet comes with a Stock Prediction Formula MSRP $79.99.

• Easily Predict the days Highs and Lows of all stocks!
• Eliminate guessing where the breakout will be
• See the breakout price the day before
• Access to a Key Tip for Traders on how to employ the Predicted Highs and Lows for Huge Profit!
• Predict as many stocks as you want
• Build a strategy around this Formula
• Same formula taught by Larry Williams the Professional Futures Trader!

 

 

 

This is the Stock Traders Elite Success Kit.

• Position Sizing Calculator Software MSRP 24.99
• Advanced Spreadsheet MSRP 34.99
• Secret Success Notes MSRP $49.99
• and the Stock Prediction Formula MSRP $79.99

 

All for $9.99 This is an absolute steal! Hold off on hesitating and letting this Insane Deal run right by you! Similar to trading, see an opportunity, it's going to get get devoured!

 

• These products will work to improve profitability and long term survivability and I'm offering a 180 DAY Money Back Guarantee! I personally guarantee that a slight bit of effort is put into these products, it'll easily create a more consistently profitable trader over the course of any adventure.

 

 

 

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NCI- Small Loss, Move On

Took a small hit with NCI. I lowered my position size by about 40% so now my upside profit potential will be a lot lower, but more importantly my downside potential is lowered in terms of dollars. I figure I'll be having a lot more losers now mainly because my Jan gains might of been just because of a good month. I haven't had those amazing trades for Feb at all. In fact I pretty much lost all my Jan gains in the second week of Feb. But those losses were from me putting on way too big of a position and not selling when I could, but when I was forced too.

 

NCI had a few things going for it that I liked. It had a huge blast on Friday but the only thing that drove it were earnings. Nothing special. There was actually a headline out saying it was overbought. Maybe the dip at the open were people selling but it took off after that. Unfortunately I was in the rest room when It ran up, came back and I bought in at 15.80

 

Next candle started out significantly lower and it didn't even attempt to inch it's way higher. It fell down to about 1.65 which I wasn't too worried about and then it started falling below 1.60 and that was a problem. I didn't have any indicators telling me to sell but a monetary loss told me to sell. I got out at 1.58

 

Not a big loss, actually very reasonable. We'll see what tomorrow brings.