AVII

click on chart for more.

It Works Again

Just wanted to show you another volume skyscraper trade.

Well, I cheated because I short AMZN premarket at 82.08 because it appeared on my short watch list.



I should cover above but I am not. Instead going to set stop at 81.08

MOS POT

Z has a requested charts MOS and POT.

If there was 1 indicator that works, then there would not be more than one. If there was 1 form of technical analysis that works, then there would not be more that one. Hence, I am throwing in the kitchen sink on the charts to give you a better picture. However, often more is not better and less is actually more.

Take a look at the Price Objective for P&F chart and compare that to the shaded area on the chart. I swear to you that I drew the shaded area first before checking the P&F chart. Remember, an objective does not always have to be met.

Leave comments if you have questions.

It Works

For some reason, I just have the propensity to piss people (blogger) off.
I didn't piss anyone today, but I was really close after reading a blog post.
The reason I think this is because people show you things half ass or they want to charge you for it. NO! I don't expect things to always be FREE. However, I do believe if you are going to do something, do it with 100%. Don' tease, don't lure, don't do it half ass. Stop dangling the dam carrot!

This was not mean to be a rant post, but a post to show you what I learned from yesterday's post/video on volume trading AAPL today. I have been obsessed with this stock lately.



Look at the hands. See the high volume on the candle? The line drawn below the candle is support / resistance.

I shorted AAPL at 172 and covered at 170.

Now back to the market.

Volume

BooB

Today I was a boob!

Let's say you just learned a new strategy, "How to play blackjack and win."

The strategy tells you to hit under 17 and the dealer shows 10,J,Q,K.

So you have 16 and suppose to hit. Then you start to second guess.

Only A,2,3,4,5 will keep you from busting.
You stayed and the next card was a 5.

Don't you feel like a boob?



That's exactly what happened to me today.
Purchased AAPL 165 put for 3.2 with exit strategy of 1 point profit.
Got scared and sold it for 3.50. Now guess what the high was.

Having a strategy is one thing, executing is another.

IB Risk Navigator

IB (Interactive Broker) has a steep learning curve.
However, once you learn it, it's pretty cool.

This shows what $ profit based on change in price/volatility.
I purchased 1 contract FSLR sep125c for $6.40.


This shows option price based on underlying stock price.


If only it could calculate the best strike for best probable gain.

Back Testing

I have been a little busy back testing.

Not as fun as you might think because there were a lot of manual hand entries.

I am only allowed 4 months period for testing and that is why you see results for different months beginning. In a way, it is better because what if you did not start trading until Feb or Apr?



ROI% is annualized and the actual result for 4 months starting Jan was 32.87%

More details for Jan results.

Name: C gt O 4-8-21(10,2) 10% 01
Initial portfolio Size: $100000.00
Maximum Open Positions: 25
Initial transaction size: $4000.00
Start Date: 01/05/09
End Date: 05/01/09
# Trading Days: 81

Summary
Invested In Stock: $0.00
Market Value of Stock: $0.00
Market Value - Invested: - $0.00
Available Cash: $132872.80
Total (Cash + Market): $132872.80

Here were the screens from the previous day.


Who said buy and hold is dead? Did you see the performance results.

Details:

Account size: $100k
Trade size: $4k

Approach Type: Long
Start Date: 01/02/2009
End Date: 05/01/2009

Exit Setup
Profit Stop: 10%
Minimum Holding Days: 4
Maximum holding days: 90
Exit Trigger #1: open below Chandelier Exit(10,2)

Selection Method: select by Day Change ascending
Entry Price: open
Exit Price: open
Maximum Trades Per Day: 5
Maximum Open Positions: 25
Maximum Selected Stocks: All

Disappearance

Hello There!

I am still here and have been busy working and learning.

Watch: The Recession is Over? When Can We Drop the Question Mark?

Read: Time of the Season … for Caution

Listen: Time of the Season … for Caution

Enjoy your weekend and I will be back later with a few stocks I will be buying Monday.

Update

Read: Schwab Market Perspective: After the Dog Days

Golden Rules for Success

I came across blog writing about Dale Carnegie – Golden Rules for Success and here are the rules.

Dale Carnegie is the author of "How to Win Friends and Influence People"

Become a Friendlier Person
1. Don’t criticize, condemn or complain.
2. Give honest, sincere appreciation.
3. Arouse in the other person an eager want.
4. Become genuinely interested in other people.
5. Smile.
6. Remember that a person’s name is to that person the sweetest and most
important sound in any language.
7. Be a good listener. Encourage others to talk about themselves.
8. Talk in terms of the other person’s interests.
9. Make the other person feel important – and do it sincerely.

I broke the first rule (#1)

Win People to Your Way of Thinking
10. The only way to get the best of an argument is to avoid it.
11. Show respect for the other person’s opinion. Never say, “You’re wrong.”
12. If you are wrong, admit it quickly and emphatically.
13. Begin in a friendly way.
14. Get the other person saying “yes, yes” immediately.
15. Let the other person do a great deal of the talking.
16. Let the other person feel that the idea is his or hers.
17. Try honestly to see things from the other person’s point of view.
18. Be sympathetic with the other person’s ideas and desires.
19. Appeal to the nobler motives.
20. Dramatize your ideas.
21. Throw down a challenge

Again, I broke the first rule (#10), and also 11.

Be a Leader
22. Begin with praise and honest appreciation.
23. Call attention to people’s mistakes indirectly.
24. Talk about your own mistakes before criticizing the other person.
25. Ask questions instead of giving direct orders.
26. Let the other person save face.
27. Praise the slightest improvement and praise every improvement. Be “hearty in your
approbation and lavish in your praise.”
28. Give the other person a fine reputation to live up to.
29. Use encouragement. Make the fault seem easy to correct.
30. Make the other person happy about doing the thing you suggest.

It looks like I have some work to do and thinking about buying this book for my daughter to make her a better person than I.

New Features

From the filters above, I created watch list (Monday) based on Friday's closed.

I will create watch list (Tuesday) based on Monday closed, and so forth.

The watch list will be updated weekly.

You can find the watch list here

All but %Chg Since Added will be static.

%Chg Since Added is dynamically calculated based on current price.

Let me know if you have questions.

Passion

I have read a few articles about how obtaining a college degree is not worth it.

Before I proceed, I did drop out of college; however, I did return to complete my degree (magna cum laude).

Most author leaves out the fact that a college education teaches you discipline.
Do you have the discipline to follow a regimen, attend classes, do homework, take test? Think about how this also applies to trading.

If you are unsuccessful at what you do, then it is because you lack the passion or the knowledge. I have seen people with useless degrees. It's because those people probably took the easy road, didn't know what they hell they were passionate about, or I just don't know. Face it, very seldom will anything be handed to you on a silver platter.

I know Bill Gates and Steve Jobs never had a college degree. However, they did have the passion, the desire, and the curiosity.

This article opened my eyes.

Lastly, if you were truly excellent at school, then you don't need to pay for college. It's call a scholarship / fellowship.

Don't let anyone deter you, find out for yourself.

Look

Notice that she's looking at something and so should you (exit point).

HaHa

In the morning I was already thinking about doing a post on how disciplined I was.



Ha ha! I wasn't because I fell prey to profit taking.

Also, this morning, I followed a high profile trader on twitter.

Didn't learn anything other than the trader averages down, just like I do.

You know how that goes, sometimes it works and sometimes it doesn't work.

Filters: Odd # = bullish, Even # = bearish


Watch list:


Notice the number of bearish versus bullish.

Stubborn Trend

I wanted to show you how detrimental it can be if you trade against the trend and be stubborn about it (which I was, but I have learned)

This is not a marketing effort for the product and I don't get paid for this. I have just recently subscribed and learning the features and want to show you what I find.

Click images to see pop up of bigger picture.

Functionality to execute screen as of 1 month ago.


Screen results from July 8 for 4-8ema cross below 21ema
High lighted rows mean true to present day; otherwise, false.


Did you see GS from the screen?
That was a screen to go short and here's the result.


Wait a minute! That't can't be right.
Is this a bad strategy?
I will let you answer the question.
If you leave a comment, then I will let you know whether you are right or wrong.

EAT - this one looks like it is working.


Let's try the reverse.
Screen results from July 8 for 4-8ema cross above 21ema

AAP chart

EEV chart

Hindsight

It's easy to indicate on chart where the buy and short entries are after a complete picture has been painted.


Would you buy or short here?

Revisit

Miss Universe 2009 Contestant - VietNam


When I fist saw her, she did not struck me. However, she has grown on me.

You can find more information here

It has not been all fun and games with the ladies because I have also revisited stockfetcher. Actually, I have signed up.

Here are my current filters.


Here are the results for all filters.


If you look at THOR, it met both filters 3,5.

Here is filter 3

show stocks where close is above 1
and average volume(30) > 500000
an volume > 1000000
and ema(4) crossed above ma(21) within the last 1 day
and close > open

and 5 is the same except ema(21) is used instead of ma(21)

Just a quote: A rising tide lifts all ship, but a sunken ship is not seen.

Omen

I did not want to believe this; however, I find it to be more true than not.

In most instances when I revisit a stock in which I have taken profit, I end up giving it all back, plus some. Asians are superstitious, you know.

Some one call a paramedic.


Read Welcome to the Machine: The Engines of This Recovery by Liz Ann Sonders. Don't forget to listen to the audio as well.

Where?

I have stated that 4-8-21 was not mine and that I have found it from a blogger out there somewhere who is no longer blogging.

Thanks to a comment poster dukeofdan, you can read the original information at http://filteringwallstreet.blogspot.com/

Notice the author uses 21ema while I use 21sma. It might have been a brain fart on my behalf; however, it works for me. You might want to compare charts for differences.

I have given due credit to the author!

Deception Perception

No rant today.

Honestly, I don't know where this market is head; however, there is a lot of negativity. I am being cautious.

Don't let yourself be deceived by someone else's perception.

I have to admit, this market saved our family 401k and I am happy for that.

Smile because it makes you look beautiful.