Posts tagged as:

stocks

Hot Stock Tip Of The Year

January 12, 2010

I spend an excruciating amount of time searching for and analyzing any given stock before purchasing it.

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Shhh… Super-Secret Year-end Trading Update

December 29, 2009

This is for only select people. If you are not one of these people, and you know who you are, don’t read this.

I’m only $2k, or there abouts, from finishing the year with $100k in the Trading To A Million Account.

Updates coming soon.

Patrick

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The Yuppie Bounce (reprise) The Reformed Broker

December 27, 2009

What a great post.  I’m just sorry I didn’t post something similar.  It was great to read from another source that what we are told about investing in the mainstream media doesn’t always hardly ever is true in practice.

The Yuppie Bounce (reprise) The Reformed Broker

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What Should I Do? What Should I Do…

December 7, 2009
The J curve shows the effect of a devaluation ...
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I’ve been sitting on a put since Nov. 27th and doubled the position on Dec. 4th.

In this low-volatility period I have tried not to second-guess myself. The position gave me several times that I could have gotten out with a decent profit but I wasn’t technically convinced that I should shouldn’t bail, so I stayed in.

Now, the Q’s are nearing the break-even point and I’m sure my put will shortly be there too.

Are there any of you out there that would like to weigh in on what I should do at that point?

Patrick

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Portfolio Review – Normal Doesn’t Count

November 27, 2009

So year over year performance of this portfolio stands at a gain of 338%. My goal was to best the S&P by 100% so I’m there. It’s at about 60%.

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Still A Monday Morning

November 23, 2009

It’s still morning here in the Mid-west but the trading day is well under way. I started the week holding a put from last Wednesday that I bought on a 30-min chart. It hit my stop today and so I exited with minimal profit.

With the holidays coming I decided that it wasn’t worth trying play volatility. Those that create volatility are starting to wind down their positions and will continue to do so until the end of the year.

So to better reflect the lower volatility I’ve moved back to my 5-min charts but with an emphasis on tracking the A/D difference.

It seems to help. I entered another put (same put, lower price) at $1.28 and currently it’s at $1.45. Not bad. But as it is said, “The proof is in the pudding”. We’ll see where I get out.

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Violating Your Own Stock Trading Rules – Don’t Do It

November 4, 2009

No matter how tempting it is violating your trading rules is never a good idea. This reminder came to me as an example to me when I violated my own trading rules a couple of times over the last two days.

The very first violation cost my portfolio $5K plus. The second made a measly $50. I immediately considered violating my rules another time but I remembered the adage, “Patience is a virtue”, and so stopped myself.

I’ll get around to revisiting this episode of trading later but for now let this serve as a reminder, “Never violate your own stock trading rules.”

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Keeping Your Eye On The Ball – Trading Different Time-frames

October 30, 2009

This makes the third day that I’m in the same position. So far, it’s paid off. However, today serves as a good example of keeping our eyes on the ball. I really wanted to sell the position when it was in the money by more than it has been since I bought it but on the 30-min chart which chart I’m following it’s not even close.

I’m aware that there is going to be larger swings and more temptations to sell early than on the 5-min chart I normally trade. If I’d sold yesterday I’d made a little money and not suffered the unbooked drawdown that yesterday provided.

It’s a trade-off. I don’t want to over-trade but it sure was tempting. This is why, if we buy on one time-frame we want to sell on that same time-frame. It saves us from constantly second-guessing our own trading rules.

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Trade Journal – What A Mistake!

October 26, 2009

1:23pm – Put a trade on today at 9:09am. It was a $44 put on the Q’s for Nov. @ $1.10. Well, I bailed to protect some of the profits too early. I just spaced an forgot to look at my confirming indicators before I punched out.

It only payed 34%. That is the good news. The bad news is that the trend down that I was following has resumed and currently that same option is at $1.62 which would have paid somewhere around 45%. Not a big mistake but I’m at the sidelines waiting for another trade to form and I’ll have another set of trading expenses.

Note to self: Check BB’s on a 5-min chart before ever making another trade.

1:43pm – looks like it wasn’t such a bad trade. The Q’s look to be moving up again. The confirmation for the trade I made earlier looks to be at hand. So I was just a little early. Just another case for the accuracy of my other indicators.

Patrick

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Monday Morning Blues

October 26, 2009

I normally don’t trade Monday mornings. Like a juggler just warmin up I want to make certain when I start juggling knives that I’m ready for them.

Even with the early rise of the Q’s they are still in a range that was set by last Friday’s trading. This means that I should be patient. A trade that was triggered Friday has yet to complete so I’ll wait until another opportunity presents itself.

Could be soon though.

Good luck to everyone.

Patrick

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