Fade Me

FEB positions

2012-02-01T20:39:00.001-08:00

There is none and I will post them as I trade them.

JAN positions

2012-01-01T08:00:00.000-08:00

All executed and tweeted trades will be posted.

When fishing and the fish bite, executions will be tweeted and posted before the next day.

2011/12/31 BOUGHT SINA@51.20
2012/01/04 SOLD SINA@53.79

2012/01/03 SHORT SPY hedge 128.10
2012/01/04 COVER SPY@127.21

2012/01/04 BOUGHT SOHU@51
2012/01/12 SOLD SOHU@53.62 (half)
2012/01/18 SOLD SOHU@57

2012/01/06 SHORT MCD@100.60
2012/01/24 COVER MCD@99.69 (half)
2012/01/25 COVER MCD@99.36

2012/01/23 BOUGHT SDS@17.52
2012/01/24 SOLD SDS@17.80

2012/01/26 SHORT SPY@133.35
2012/01/26 COVER SPY@133.07

2012/01/27 BOUGHT GMCR@50.60
2012/02/01 SOLD GMCR@52.95

Happy Holidays 2011

2011-12-21T06:32:00.000-08:00

I apologize for being bad and neglecting the blog; however, it does not mean I am not thankful to all of you. Wishing you and your family a wonderful holiday and all all trades be profitable.

Not Best, But Right

2011-10-18T17:10:00.000-07:00

I came across this technical blog talking about Right Practice

The same Right Practice applies to trading as well.

I see people asking on the streams, what's the best technical indicator, what's the best trading strategies, what's the best time frame to trade, etc...

The answer to all those questions is, "It depends!"

Stop looking for what's best for someone else, and start looking for what's right for you.

Death Cross

2011-10-03T18:03:00.001-07:00

Back in the days, there was a huge debate on golden cross which you can find >>here.

On the opposite end, here is the >>SPX death cross which seems to be ignored?

Take a look at the big picture to see where the supports are at.

Bears were late and it's possible that bulls will be late as well.

Look at how many shorts NFLX killed only to drop from 304 to 107 in 3 months.

Shopping List

2011-08-07T16:10:00.000-07:00

Buy point for some stocks seen on the stream.

POT 50/40

SOHU 65/60

VALE 19

RAX 30/21

CLF 63

08/09 POT bought some for ROTH 51.88 - feeling foolish

Flexible Conflict

2011-07-22T05:31:00.001-07:00

In my previous post, I wrote about trend trading using the 200ma.

Here I want to show you charts of BVN, the love the left without me.

P&F Chart shows bad price objective, but notice the reversal.

Stock is below 200ma which normally means avoid.

But short term indicator was great and missed opportunity.

What do you see in the above chart?
If you are a frequent reader, then you know my sayings.

What happened? How did I lose track of this stock? I failed to differentiate between short term and long term trend and lost focus. While long term trend can be down, short term trend can turn up.

Since you made it this far, here's something for you to enjoy,

That's Nha Trang Beach in Vietnam.

Trend Trading

2011-07-11T18:05:00.000-07:00

Is trend trading that easy?

BUY when 200sma slope is positive and stock crosses above 200sma.
SELL when 200sma slope is positive and stock crosses above 200sma.
CAREFUL when 200sma slope is negative.

I have not back tested the strategy; hence, I don't know how effective it is.

If it was that easy, then why most money managers cannot even beat the index.

Easy in hindsight, isn't it?

Here are some 1year charts for you to look at.

Trading Ideas

2011-06-15T05:03:00.000-07:00

This is not a trick just to get you here. There isn't any.

Trading ideas are very different from trading executions.

A poorly executed idea (even if it was a good idea) can result in poor returns.

There are lots of ideas out there, but do the ideas complement or supplement yours?

Don't tell me you haven't taken someone great ideas and it turned into disaster!

Ideas are starting points no more no less.

And don't forget, too many chefs spoil the broth.

June Gloom

2011-06-06T17:10:00.000-07:00

Some gloomy holdings carried forward from May; however, that smile is beautiful.

>>AKAM
04/18 B@39.90 #FC

>>LRCX
05/04 B@48.50 #HV

>>JPM
05/31 B@43.25 #utma

>>MOBI
06/24 B@7.80

>>MOTR
06/24 B@8.80

>>PBR
06/29 B@32.80 #ESA

CLOSED Positions:

>>TZOO
06/28 B@61.75 #ROTH
06/29 S@65.26

http://twitter.com/#!/fortune8/status/86116415538610176

>>CLF
06/23 B@82.50 stop below 200sma
06/24 S@86.50

>>BVN
06/07 B@35.90 for trade #ROTH
06/14-06/16 S@37.60,37.90

>>SLV
06/16 B@34.50 auto trade #IB
06/27 S@32.80 (For same for not taking profit)

Cost of Laziness

2011-05-31T17:05:00.000-07:00

I wanted to post this yesterday, but I was too lazy.

How does laziness affect your trading?

First, you get ideas from the stream without any validations.
You make the trade with 3% profit, but other person made 30%.
Sure, you are happy making 3% profit, but you missed out - opportunity cost.

Worse, you make the trade the stock drops 10+% and you now have a loss.
The other person already sold with 1% loss.
Now, you are left holding the bag.

You were too lazy to do any research, ask any question, do any validation.

I never understood how someone can have 1% loss and a 10%+ profit in this volatile market, but that's a topic for another day.

Another example of laziness which I encountered yesterday has to do with keeping financial data on the cloud. Here is a brief description of the product - a personal finance security service that alerts you to unwanted and unauthorized transactions on your credit card and debit card bills.

First, if your credit card does not have any fraud detection algorithm, then it's time to get a new one.

Second, if you are seriously that stupid and/or that lazy where you don't know about unwanted or unauthorized charges to your account, then you deserve to get robbed.

Too lazy to exercise? How much is that costing you?

Find out how much it's costing you to be lazy.

May Day

2011-05-01T14:35:00.000-07:00

AKAM
04/18 B@39.90 #FC
>>AKAM

LRCX
05/04 B@48.50 #HV
>>LRCX

JPM
05/31 B@43.25 #utma
>>JPM

SLV
05/05 B@34 #IB
05/06 SS@0.25 May06 #IB
05/09 S@36 50% holding
05/10 S@37.40 50% holding
05/10 S@37.475 all remaining

ENTR
05/11 S@9.40, 04/21 B@8.40 #UTMA

TZOO
05/19 S@69.830/69.650, 05/19 B@69 #ROTH

ABX
05/26 S@47.20, 05/18 B@45.30 #UTMA

SLV
06/01 S@35.90, 05/27 B@37.10 #HV (stop under 36)

AKS
06/06 S@14.90, 05/23 B@14.20 #HV

Best Use of StockTwits 50

2011-04-17T18:15:00.000-07:00

First, I would like to thank the ST50 team for implementing my suggestions.

If you go to the StockTwits 50, April 16, then you will see the information in the image below.

Click on St50 April 16 to retrieve the list of stock symbols.

Use Quote Tracker to Create Portfolio and Add Symbols to List

Here's the result.

Chart created base on your configuration and layout.

April

2011-03-28T21:05:00.000-07:00

$TSL
02/28 B@27.80 #ROTH
03/28 Sold APR29C $1

$AKAM
04/18 B@39.90 #FC

$ENTR
04/21 B@8.40 #UTMA

$FSLR
04/29 $FSLR S@142.62, 04/27 B@137.90 #IB

$FNSR
03/29 S@20.20, 03/28 B@23.60 #ROLL (Hope this does not haunt me)

$ANR
http://twitter.com/fortune8/status/49829451340595200
03/30 S@59.00, 03/21 B@55.850 #ENTRIQ

$HMIN
04/04 Cover @41.65, 04/04 Short @42.70 #SCHW

$CREE
04/05 S@45.00, 04/05 B@42.30 #SCHW

$HMIN
04/06 Cover @43.348 , 04/06 Short @42.90 #SCHW

New Rule: No Double Dipping.

$CHL
04/08 S@47.00, 02/17 B@47.50 #ENTRIQ

$FXI
04/08 S@45.99, 02/17 B@42.39 #ROTH

$BVN
04/08 S@44.60, 03/29 started position at $41.900 #ROLL

$SDS
04/12 S@22.151, 04/11 B@21.72 #SCHW
Wrong price posted in comments.

$RVBD
04/16 S@35.46, 04/07 B@33.45 #ENT

$MRVL
04/18 S@15.45, 04/07 B@16.2392 #FC

$MOS
04/20 S@76.01 B@74.80 #IB

$AAPL
04/21 CS@349.54, 04/21 SS@354.06 #IB
04/26 CS@352.75, 04/26 SS@351.85 #IB

March Lesson

2011-03-05T05:39:00.000-08:00

I love models who smile.

Last month, I took a bath in CREE. The bad trade turned worse because I was too stubborn to sell it. Going through my thoughts, I was thinking buying some puts for insurance but did not execute. Going forward, if holding through earnings buy puts.

Oh Shit! This is another one I need to dump as well.
A few bad losses can dent into profits already made.
From now on, no losses greater than 5% !!!

$MOTR
03/07 S@13.89, 02/07 B@21.55 #ENTRIQ
03/09 S@13.50, 02/09 B@18.45 #SCHW

$ABAT
03/07 S@3.74, 02/17 B@3.80 #HV

$REE
03/09 S@11.2501, 03/04 B@11.70 #FC

$AKAM
03/10 LOSS S@35.98, 03/03 B@38.55 #SCHW

$BVN
03/16 S@43.10, 03/15 B@41.700 #ROTH
03/21 S@43.2601 03/18 B@41.99 #FC

$VMW
03/22 S@73.233, 03/22 B@77.70 #SCHW (stops too tight)

$CHL
02/17 B@47.50 #ENTRIQ

$FXI
02/17 B@42.39 #ROTH

http://twitter.com/fortune8/status/49829451340595200
$ANR
03/21 B@55.850 #ENTRIQ

Happy Tet

2011-02-01T20:15:00.000-08:00

Trang Nhung (I cannot believe she is Viet)

$CREE
01/13 B@$66.090 #ROTH
03/04 S@49.90

Bad CREE trade plus stubborn made it worse.

$MOTR
02/07 B@21.55 #ENTRIQ
02/09 B@18.45 #SCHW

$BVN
02/02 S@44.38, 01/27 B@41.50 #UTMA (phantom trade)
03/03 S@46.50 02/15 B@41.6799 #FC

$FXI
02/17 B@42.39 #ROTH

$CHL
02/17 B@47.50 #ENTRIQ

$ABAT
02/17 B@3.80 #HV

Top of 2011

2011-01-15T07:38:00.000-08:00

Analysts' Best Stock Picks For 2011

Charts Analysts' Best Stock Picks For 2011

Happy New Year

2010-12-30T14:30:00.003-08:00

Wishing everyone a beautiful and prosperous New Year.

Vietnamese Model Anna Vo.

$CREE 01/13 B@$66.090 #ROTH

$BVN 01/27 B@41.50 #UTMA

Charts will be removed when position has been liquidated to remove clutter.

$PWER
12/31 S@10.26, 12/23 B@10.70 #ROLL

$GFA
01/05 S@14.44, 12/22 B@13.66 #HV

$VECO
01/07 S@46.63, 01/04 B@44.96 #ENT

$CSCO
01/10 S@20.78, 12/06 B@19.35 #UTMA

$JASO
01/11 S@7.70, 01/07 B@7.05 #ROTH

$ITRI
01/13 S@58.50, 12/30 B@55.80 #ENT

$SOHU
01/13 S@69.50, 01/07 B@68.30 #ROTH

$CDE
01/13 S@25.70, 01/13 B@26.50 #FC (My first lost in 2011)

$TSL
01/14 S@26.55, 01/03 B@23.60 #HV

$CSTR
01/14 S@42.768, 01/14 B@44.10 (not good)

$NE
01/14 S@37.650, 12/29 B@35.40 #ROLL

$MCP
01/19 S@45.8200, 01/19 B@46.60 #ENT

$NEM
01/19 S@55.910, 01/18 B@56.43 #ENT

$MCP
01/26 S@45.921, 01/25 B@48.35 (Should give up trading this stock)

Happy Holidays

2010-12-21T16:46:00.001-08:00

Ideas for 2011, from journey to journal.

I will keep a journal of my trades in the comment sections on a monthly basis.

The intent is not to brag because I am just not good enough.

It's more for me to keep better track of my positions and accounts they are in.

Focusing more on swing trading and patient.

Happy Holidays to all.

Journey

2010-12-12T06:32:00.000-08:00

To get through the hardest journey we need take only one step at a time, but we must keep on stepping - Chinese proverb

The first step started back in December 2007 to keep track of the wager between Beanie and I.

It slowly evolved to sharing thoughts, ideas, trades, charts, and beautiful women.

It has been 3 years and now my journey has come to an end.

I have ran out of good thoughts and good ideas, and hate to post just for the purpose of posting.

Thank you to the readers, acquaintances, and friends I have encountered on this journey.

Good luck on your journey and may you achieve all your endeavors.

Something to watch

2010-12-05T17:11:00.000-08:00

Miners climbing and showing up on screens:

Others include: HMY, KGC, AEL, SHZ, AZK

Utility - Electric Power climbing as well.

Others include: ED,MIR

Last but not least, hold on.

Happy Thanksgiving

2010-11-25T07:25:00.000-08:00

Every Thanksgiving I am reminded of a video I have seen while I was still in college.

Back then, it was titled "One Man Who Gives Thanks Daily" and now it is known as "Randy Pausch Last Lecture: Achieving Your Childhood Dreams"

Randy Pausch Last Lecture: Achieving Your Childhood Dreams

I am thankful for acquaintances, friends, families, and good fortunes.

Thankful for Google as well.

Anyhow, there's no turkey here, just TT.

Enjoy and thanks for visiting my sites.

I wish they would smile more.

Reflecting

2010-11-21T07:38:00.000-08:00

Reflecting some of my ideas and thoughts in the year. I was letting the noise be a distraction and was bearish for longer than I should have been. No need to wait for the New Year to make a resolution. I am making it now and I will go with the flow and let the trend be my friend.

I have traded and watched stocks like CREE, VECO, STEC, SNDK, MELI, CF, MOS, POT. The typical stocks rise from the ashes. There are also ones that haven't but would not be a bad idea to keep them on watch list: STP, TSL, FSLR ...

Once the momentum dies, it's gone until it comes back. If you try to catch a falling knife then trying catching from many sectors and keep stops tight.

Best

2010-11-07T17:08:00.000-08:00

Last week I said that I had learned something new and was not going to tell you until a week later.

Below is a chart from the post. Now click on the chart. Do you see it?

Did you get excited?

How about now?

Some picks for Monday.

You don't have to agree with me.
Get different opinions from StockTwits:
ALGN
JDSU

ShortLong

2010-11-04T19:16:00.000-07:00

Short

Long

When

2010-10-30T19:13:00.000-07:00

Today, I have seen discussions on 4-8-21 strategy.

The cat's out of the bag and too many traders spoil the profit.

This strategy was not mine to begin with, but I do add some tweaks here and there in the screens I provide to you.

You can find the original postings here

When does this strategy work? Take a look at the 2 charts below.

If the stock moves against you, then exit.

Here are a few charts from the screens and pay attention to resistance ahead.

Here's something new that I just learned and not going to tell you.
Come back in a week and click on the chart.

In the mean time, here's something you can click on right now.

Hold On

2010-10-17T21:44:00.000-07:00

SCHW

CSTR

CLNE - Daily Candlesticks: "

via StockCharts.com

FSLR - Daily Candlesticks: "

via StockCharts.com

Exposed

2010-10-14T05:44:00.000-07:00

Not sure where this market is going, but don't leave yourself exposed.

Mid-Week Market Report on Equities and Metals

The Big Bullish Picture for Stocks

Persuasion

2010-10-03T07:23:00.000-07:00

Dad and Maggie Q persuading me to go vegetarian.
But I can't do it. I love meat too much.

How about some short persuasion instead? All signals pointing down.

BG

UPS

AGCO

Mid-Week Market Report on SP500, Oil, Gold & Dollar

2010-09-30T05:27:00.000-07:00

Wednesday the market didn’t tell us anything new. The equities market is still over extended on the daily chart but the market is refusing to break down. Each time there has been seen selling in the market over the past two weeks, the market recovers. Equities and the dollar have been trading with an inverse relationship and it seems to drop every in value each selling pressure enters the market, which naturally lifts stocks.

Read more >>

Unexpected

2010-09-26T17:02:00.000-07:00

I never expected this run.

FCEL

IRM

VMC compliments of FibLine

Looking pretty for the Bulls.

Tip

2010-09-19T07:41:00.000-07:00

I have tweeted this before, but in case you you have not seen it.

GDP

When ever you see a stock chart, it's always good to cross reference.

Click for chart
GDP
GDP

TIP
Leverage the knowledge of people who are smarter than you and teach.
Learning something new can be every enlightening and satisfying.
Make sure you pay attention to the DATE on the chart.

That's my tip of the day.

Others to look at: CDR SLM AXP HSY LLL NETL IR

pressure

2010-09-12T16:50:00.001-07:00

The look and feel of pressure.

Pressure from BULL to go higher and from BEAR to lower.

Hang on tight.

ESRX: Exit on close below 43.75

STEC: Up On Dell Bid Rumor. Exit on close below 11.50

Happy Labor Day

2010-09-06T11:02:00.001-07:00

Happy Labor Day everyone and hopefully your weekend has been great.

The last time I showed you SPX was at 8ema resistance.
Here's another look with LT MA.

First, where's the volume?

Second, fine line at the 100sma.

Third, some humps to get over.

Would not mind getting some SUN. SUN set (exit) under 34.

Genius

2010-08-28T05:27:00.000-07:00

I saw this and thought about Ben.
He's a genius for bringing calm to the market.

Bulls are cheering, I am cheering.

RESISTANCE right at ema8

RESISTANCE right at ema21

Too many crying bulls about a bearish market.

Think differently. Think opportunity. Think hedge.

Lastly, make sure you are not looking at it upside down, inside out or backwards.

Disclosure: I am long WDC, VECO, CREE

imagine

2010-08-22T08:08:00.000-07:00

white

2010-08-15T18:59:00.000-07:00

I am seeing white. That's the color for surrender.

Depending on market condition and how disciplined I am, I might have to give up on GDP and VECO.

I would love to see some white candles for the stock, but will have to settle for white undergarment.

catch

2010-08-11T18:19:00.001-07:00

Catching a girl or a stock, there's not much of a difference.

You must know what you are willing to risk.

Take a look at the P&F chart for the following stocks:

Prices in parenthesis is where I would try to catch it with 3% stop.

HPQ (38)

VECO (30)

FCX (66)

GS (142)

GDP

2010-08-08T18:50:00.000-07:00

bear paint

2010-08-04T21:49:00.000-07:00

I got bear paint all over me that I cannot wash off and would love to wash off.

Took a 20%+ beating on PCLN short. Gap down filled, Gap up unfilled.

Bears are losing this game, but now is not the time to be a bull.

In the mean time, waiting for an entry.

realization

2010-07-31T07:48:00.000-07:00

Is that fear in her eyes? I can't tell.

I am realizing that I trade out of fear. Not fear of losing money, but fear of losing profit. This is the only explanation I can think of for why I hold EDZ purchased at 42.70 and sold BP at 28.90 purchased at 27.50.

Speaking of BP, if one was lucky enough to short BP 59.98 and cover 26.75, then it would have been a 55.40% gain.

On the other hand, if one was lucky enough to buy BP 26.75 and sell 39, then it would have been 45.79% gain.

The percentage gain per point is more on the way up then it is on the way down. This is why you need 100% to break even on a 50% loss.

Why do I short when there is more money buying the dip?

Next, valuation is what the market wants to pay for the stock. I keep hearing that GS has a value of 120, but it is trading at 150. Keep in mind that the market can be irrational for a very long time.

Keep your eye on for short.

miss

2010-07-25T17:52:00.000-07:00

It sure feels good to be home and to sleep in my own bed and pillow.

If the market do run, make sure you don't miss these.

Volume is low. My favorite is MEE.

temperature rising

2010-07-14T13:57:00.000-07:00

Before I depart, I am leaving you a little of something to enjoy.

Keep your eyes on the following:

JTX, IVN, KERX, CHAM, EXPD, AEZS, FUQI, TSEM, NVDA. ELX, STX

HUGO

2010-07-11T18:18:00.001-07:00

I was going to do a post, but lost the mood.

This was our dog for a day.

We gave him back to the owner because the wife did not want to keep him.

It takes a lot of work to take care of a dog.

He had a nice field trip today visiting some the family members.

And did his fair share of peeing in the house.

I hope he finds a good home and we already miss him.

NotMe

2010-07-07T19:02:00.001-07:00

I am not going to give you 100 charts because that's just not me.
Honestly, can you keep track of 100 charts?
Lately, I have been focusing only only a few stocks.

Did you pick up any CF or TSL from my previous post?
Don't feel bad if you didn't, neither did I.

MOS - see how smooth that is?

CLF - a little choppy.

POT - a little more choppy.

MOS - daily - staying above 21ema would be a good sign.

EDZ - daily - still has room to fall - but watch it.

CLF - H&S

imagination

2010-07-03T06:50:00.000-07:00

I am not very artistic and don't have great imagination.

HEAD & SHOULDERS TOP OR BOTTOM?
The chart below was retrieved from here

This is what I see. No imagination.

What I missed on Friday.

EDZ, remember there is a gap at to be filled.

CF mentioned this before.
Never tweeted my trade, but it was a loss on panic sell.
Shameful.

#TSL good for long with stop under 17 on 07/01/2010 10:08 PM
Scared

See how it formed a base in June and broke down. Under 42 was the stop.
It is forming a base. Keep an eye on it.

improvise

2010-06-30T22:05:00.001-07:00

Good to have a plan, better to be able to improvise

If 46 (which looks weak) does not hold, then 39-40 would be 100% retracement and good support.

P&F chart shows the same.

6m chart

SPX has lots of air with lots of room to fall.

EDZ will make good short in good time.

Don't get caught without any undies.

wake-up is NSFW

2010-06-29T18:25:00.000-07:00

In reviewing my trades, here is a wake-up call.
With all the hype in AAPL, look at where it ended up.

The two charts look to be almost opposite of each other.
Keep an eye on it. EDZ may become good short if market turns.

I got knifed trying to catch CLF.

CLF closed 1 penny above my exit. Regardless, I had already sold near 48.

@TA_Trader #CLF 48.48 on the close and does not go and stay above it on the next day open in the first hour.

Lastly, a present for my wife.

new

2010-06-27T15:35:00.001-07:00

These beauties have gotten my new attention.

There stocks have gotten my new attention.

Careful on EXM because of dropping BDI.
It was added to Russell 3000.

Keep an eye on Russell Index Reconstitution

Lastly, cannot end without EDZ (30m). See the gap?

sucker

2010-06-24T19:25:00.000-07:00

Rosie Huntington-Whiteley is Megan Fox's replacement for Transformer 3.

Don't get suckered by the market. Always have a hedge.

ready

2010-06-21T20:50:00.000-07:00

Look at this. One feline is ready and the other not.

I have been bearish and ready to pick up some stocks for cheap.

As you may already know, I have been buying for the 401k on every major decline.

Even Jim Rogers is looking at buying BP. Bankruptcy is a concern.

Remember, resistance becomes support and vice versa.

4 ways to trade the gold market right now

2010-06-19T07:20:00.000-07:00

After yesterday's high in the gold market Adam made a new video spotlighting 4 different ways to profit from gold.

amnesia

2010-06-15T20:58:00.000-07:00

Sometimes it's just better to have your hands in your pocket and face the wall.

My hypothesis is all good stocks fill the gap.

My problem is I have amnesia and forget about them.

For two years, I prepared tax return for the same client who is a trader.

He tells me he only follow and trade about 20 stocks.
He get to know the stocks as if they were his children
and to understand their every moves.

Personally, I have not done this.
And I would not be talking about him if he weren't successful.

Food for thoughts.

ideas

2010-06-10T17:45:00.001-07:00

Does this give you any ideas? The bright background was bad.

Ideas are good only if properly executed.
I tweeted that I would buy EDZ under 49 and ended up with itch finger.

Still would have been a good execution if it was a day trade, but it wasn't.

Support is now at 47. Thinking it's going to break.

So much for the idea about blogging once a week.

I will post links to charts and ideas in the comment section as I find them.

Some are mine and some are from what I find.

2Guess

2010-06-08T17:54:00.000-07:00

Guess who this is a picture of?

Are you sure? Do you want a 2nd guess?

Some times, I 2nd guess myself.
I do this when I am unsure whether to day trade or swing trade.
I do this when my entry was not ideal.
I do this when my risk is too great.
I do this when the market is this crazy.

Let's evaluate CLF trade.
The order was filled in premarket at 48.50 after I had stepped away.
My entry was not perfect and I had wanted a perfect entry.
After seeing the volatility in the first hour, I decided to protect profit.
The initial thought was to swing trade which turned to day trade.
I 2nd guess myself on this trade.

After looking at the chart, can you guess what my next action will be?

Here's one thing I might not be 2nd guessing - Oxymoron
Going forward, I will post once a week.
I do this to keep our my thoughts organized in the comment section of the post.
Hopefully, you find or will find those comments useful.

guilty

2010-06-06T15:06:00.001-07:00

Guilty of shorting top

Guilty of buying bottom

On my twitter stream, theback9 stated - weak stocks were not always weak, they were once strong. I feel that is very true because there has to be a starting point. You are not always going to find the exact starting point, but you can always limit your risk.

I love quoting Newton's law and here are two being quoted repeatedly.

I. Every object in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it.

III. For every action there is an equal and opposite reaction.

After reading A Trader's Guide to Courage, I feel guilty for not be more passionate about writing because it's one of my many weaknesses.

Don't for a minute think that I am or anyone else is innocent.

style

2010-05-29T05:59:00.000-07:00

What's your style?

Singer?

Model?

Actress?

Is it good because it's above support?

Is it bad because it's below resistance?

Time vs Price. #EDZ b 51.10. Price would have taken me out, but Time kept me in. Do you give time for target to develop or do you give up?

Charts alone do not reveal trading style.

I see people follow trades not knowing the person's trading style. It's then followed up with question - Are you still holding the stock? Too late! Profit has been taken, or was already stopped out.

There's so many things involve: day trade, swing trade, long term trade, capital risk, etc..

Before you follow someone into a trade, know your style and know the trader's style.

Ways to Invest in Gold

2010-05-24T18:32:00.000-07:00

Since the start of this current economic downturn many people have touted gold as a safe place to put your money. Most experts say that not only will you not lose a penny of your investment, that you will actually make a decent return. Gold has always been used as a safe place to put your money in tougher economic times. However buying and storing actual gold bars is quite expensive. Yes, gold bars will increase in price, but you would still have to pay to store them and a security force to guard them. So this might not be the best way to invest in gold. Luckily there are futures contracts that investors can buy that will give them a stake at a future delivery of gold. If the future price goes up you make money without taking delivery of the gold. You don’t have to take delivery of gold because you sell that contract before the delivery date, or you roll that contract over into the next month. A futures contract might require the investor to buy more product than they are comfortable buying. If the investor is looking only to play the gold market with a small account the best way would to buy gold related stocks and companies. There are many gold Exchange Traded Funds that will follow the price of gold. There are also gold mining companies which stocks correlate to that of the price of gold. A few of them being Barrack Gold Corp, ticker (ABX) and another company based out of Peru called Compania Mina Buenaventura, ticker (BVN).

Mining companies are a good way for the average investor to play the gold market without buying the actual gold itself. Any novice trader with a brokerage account can buy and sell these companies when they believe that the price of gold will go higher or if the price will go lower. The profits of these companies come from selling the metals they mine; naturally if the price goes up on any commodity they sell they will have greater revenue. Higher revenue is always a good sign that the company is doing well. If ABX and BVN are selling the gold they extract at high prices their earning per share will guide higher and the stock price will most likely follow. Buying stock in these companies allows you to play the gold market without being heavily invested in one particular instrument. Most brokers will now accept stock order for under a hundred shares, so you will be able to invest less if you are not ready to invest all the money you have set aside.

It is always safe to diversify your portfolio and not put all your money into any one company. It is also safer to spread out your equity positions among the different sectors in the market. Gold is a precious metal that is known to be volatile over the years. If you are investing in a company that extracts gold and other commodities be sure you look daily at the actual commodities price. If the prices of commodities start to fall the stock of the company that mines gold will also fall. This could mean that you sell your stock and wait on the sidelines. You can also take short positions in gold miners if you think gold prices will fall. Shorting allows you to take advantage of the downside risk that gold has. Sometimes when the price has run up substantially over the past few days or weeks it is due for a correction. Using foreign exchange indicators will also hint at which direction gold and gold mining companies will head. There are many free forex indicators available online for you to study over. These indicators in the currency markets may be able to tell you where the price of gold is headed. As an example if the U.S Dollar starts to strengthen, than commodities prices including precious metals tend to move lower. Using simple moving averages as a Forex indicator, investors can get ahead of the trade by seeing when the shorter moving average crosses over the longer moving average. This will signal a strengthening of the dollar and a signal to get out of mining companies.

Through useful negotiations, this article was brought to you by www.forexindicators.net

I would appreciate it if you would take a look at www.forexindicators.net

aperture

2010-05-23T07:32:00.001-07:00

There are images with blur background.
I am not saying it's right or wrong.
But what are you focusing on?

opportunistic

2010-05-22T04:31:00.000-07:00

Before I start my rant, let's distract you with something beautiful.

Lately, I keep hearing - being early is the same as being wrong.
Is being late any better or is it better late than never?

HINDSIGHT MAKES EVERYONE SMARTER!!!

How many times have you missed a filled by $0.01, $0.10, $1.00, or 1%, etc...?

What about opportunistic cost!

Here's a search on my tweets showing I was looking to short VIX / VXX

If you look at the chart(click image for larger size), ma200 = 36.56

36.56*0.99=36.1944

If I weren't too concerned about being early to being precise, then my short order would have been filled. Too often, I try to get the absolute best possible price which leads to missed opportunity. You only know you can buy it lower or sell it higher in hindsight. Before that, it's all an educated guess.

Note: There's a fallacy in this argument and there's a flaw in the data

See if you can find it.

But you get the point.

golden cross

2010-05-16T10:15:00.000-07:00

As promised, keeping track of the golden cross.
We are pretty close to a year; hence, there will not be any more updates.

Don't get axed in the market.

focus

2010-05-09T06:54:00.000-07:00

Where's your focus and What's your focus?

I wanted to write this earlier but was a little lazy.

Don't lose your focus, especially on the day when the DOW plunged 1000 points.

Don't let it distract you because that's exactly what happened to me.

Now, a little more about the turtle system. The system is based on trend.

Pull up a 2m10d chart. Is the current price higher or lower?

I know this is over simplification; however, shouldn't things be kept simple?

In the last 55 days, CEDC made 7 new highs and 3 new lows.

In the last 55 days, VTIV made 12 new highs and 0 new lows.

reason

2010-05-01T05:37:00.000-07:00

Things happen for a reason.
If you think you are smarter than the market, think again.
I confess that I do this, but it's wrong and a bad habit.

Stocks move up or down for a reason.
The reason may not be known to you but there is a reason.

Let's evaluate the counter turtle trade on GMCR

I first posted GMCR counter trade on April 21.
For those who are on my email list, check your email.
Turtle trade was to short and cover at 90.57.

I got excited on the bounce and bummed that I had missed the bounce.
Of course, you could have played the bounce, but the true play was to short.
Also, all of this is hindsight.

GS is another example of going against the trend (bought 147.50/sold 144.36)
The plan was to short just below 200sma, which I obviously missed.

I chose the above image for a reason.
I created this post for a reason too.

coincidence

2010-04-27T17:48:00.000-07:00

Was it a coincidence that GS bounced at 150 today?

I think not, take a look.

GS P&F Chart

GS 1m Chart
See the higher lows?

Profit takes preparation.
Something I did not prepared for today.
Hence no trades today.
Just thought I shared with you my observations.

ID 10T

2010-04-25T20:12:00.000-07:00

I just wanted to publicly confess that I feel like ID 10T after what happened today.

Higher lows and higher highs.

Earnings on Apr 29 BMO

Roasted

2010-04-21T19:03:00.000-07:00

GMCR

I have been watching GMCR getting roasted and upset at myself for missing it.

First, this is a counter Turtle trade because Turtle actually says short.

Stock has not made a new low in the last 2 months.
Stock closed above 100sma.
Stock just above OBV line.

Exit trade if closed under 79.

Turtle System

2010-04-18T08:41:00.000-07:00

First, I did not write the code. It was found here
There screen that I used is - ALL THE TURTLE YOU CAN EAT...

Keep in mind that turtle trades based on momentum. I don't trade the turtle system exclusively because there are still unanswered questions since I was not able to create the screen. However, if a stock that I am watching shows up in the turtle system, then I will trade it.

Email for the turtle system will go out on Monday.

Go find your turtle.

Huh

2010-04-16T19:17:00.000-07:00

She's got one of those look that says, "WTF were you thinking?"
Doesn't she?

NTRI

My buy NTRI 19.50 makes sense because I was targeting above April 15 open (19.41)

STEC

However, my buy STEC 13.15 came out of my arse.
Notice that STEC filled the gap.

No electricity on Saturday. Will post information on Turtle Trading on Sunday.

anomaly

2010-04-15T20:20:00.000-07:00

Just because a stock is overbought, it does not mean it cannot go higher.

Just because the MACD crossed doww, it does not mean it has to fall.

This might not always be the case, but it sure is an anomaly.

Read the GOOGLE news. Stock tanked AH because things are going too well.

Sunday, I will post the turtle screen and explanation.

I have not traded a lot of the turtle rules.

DECK

2010-04-13T21:18:00.001-07:00

I shared a post on DECK short on Google Reader.

If DECK struggles at 138-139, then I will initiate first short position.

Give it some time to relieve on the MACD.

Excited

2010-04-08T18:32:00.001-07:00

I might have blogged about this before, but oh well.

Now that's exciting.

An old investing adage is "cut your losses short and let your winners run."

This morning, I saw that I had 9%+ profits in one of my options. I got excited and wanted to sell. Then I thought, "How do I make money if I keep selling winners too soon and holding losers too long?" So I held the stock.

The results: I now have 0.95% gain.

Honestly, I do need to cut losses short on a consistent basis.

STLD

2010-04-07T06:18:00.001-07:00

I cannot trade all of them, rather pick the ones I like.

Stop 17.57.

turtle

2010-04-03T06:46:00.001-07:00

I have been looking at the turtle trading system.

You can download the information here

Here are two charts that showed up in the preliminary attempt for the turtle screen.

NTAP

X

If my judgement of the market was not clouded by bears, then I would have bought the stocks before the turtles.

It's easy to draw charts and show where to buy after the fact, isn't it?

But take a look at X chart with 200sma and you will also see that it bounced there 2X.

Nice turtles.

Other turtle stocks with volume > 2 mil are: HIG CAT UBS MAS VMED UYM CNQ IVAN

Why gold will not make new highs or lows this year

2010-03-29T19:29:00.000-07:00

Click Title to watch.

F

2010-03-24T20:59:00.000-07:00

That's my grade from trading.

Seriously, keep your eyes on China (those are 30d30m charts)

Also, look at EUO (have you heard of it?)

short

2010-03-18T21:37:00.000-07:00

Two great shorts

BRA

ABT

Make sure you know how to cover, like Monica does.

My long trades have been horrendous; hence, I am turning to the dark side.

eyes

2010-03-13T15:22:00.000-08:00

What I am keeping my eyes on for next week.

Leighton

Erin

RINO

APWR

closer

2010-03-07T07:00:00.000-08:00

Don't you think these deserves a closer look?

Disclosure: I own SPWRA for now.

A1

2010-03-03T20:22:00.001-08:00

No, not the steak sauce.

Here's one.

And here's AONE

Use 15 as stop for low risk.

mini

2010-02-28T07:03:00.001-08:00

My trades have been really bad lately.
I don't think you would be interested in that.

However, may be you can help me decide, two tones or not.

watch

2010-02-25T17:34:00.001-08:00

OOPS! Wrong link.

Watch SFO Webinar Archive

worthless

2010-02-23T04:53:00.000-08:00

I have often commented that it's worthless unless you can mine the data.

Here is a good example.

I subscribe to many feeds and often don't have the time to read them all

Even if I don't read them, the data are still there.

I have been shorting BIDU and wanted to know if there are any news out there as to why this pig flies.

Searching the news feed provided limited information, but nice to know.

If they show up at your door and you don't know how to entertain them, isn't it worthless?

You get the picture?

Pigs Fly

2010-02-22T06:50:00.001-08:00

Note to self.

BaiLing BaiDu

2010-02-18T06:05:00.000-08:00

My obsession with BaiLing BaiDu.

Disclosure: Own Bai Ling P at 13.50 in March.

maybe

2010-02-14T13:30:00.001-08:00

I was looking at the following charts, not knowing bullish or bearish.

Took out my crystal ball and asked, "Is this is a reversal to the upside?"

Got a response, "MAYBE"

Asked another question, "Can the lows be tested again?"

Got another response, "MAYBE"

IWM

NBR

BTU

ADTN

ONNN

CNX

At this point, I am thinking the crystal ball must be broken because all the responses were "MAYBE".

Then I asked, "I think she is thinking about me, can you give me her number so that I can call her?"

The response was, "Definitely not, you're married and would be in a lot of trouble."

Crystal ball is not broken.

FYI: All those charts are from my bullish screen.

Chuc Mung Nam Moi

2010-02-13T06:17:00.000-08:00

I'll be back on Monday with a few bullish chart.

instinct

2010-02-11T17:21:00.000-08:00

What does your instinct tells you and do you listen?

BIDU stock day range

BIDU Mar480P day range

BIDU hypothetical price

Fighting my instinct (scared to be wrong)

BIDU Mar480P

JASO

stuck

2010-02-11T05:25:00.000-08:00

I have been asked if trading has been more difficult more me lately.
The answer is definitely yes because the market has been stuck.
Here's what I have been looking at?
It could very be that I am been looking at the wrong thing.

love

2010-02-09T06:17:00.000-08:00

Mila Kunis: Exclusive Esquire Video of a Woman We Love

Something for you to watch if market gets boring.

VXX chart

Love to pick some up again. Let it come to you, but then it might not.

ugly

2010-02-07T19:21:00.001-08:00

Ugly is in the eyes of the beholder.

ILF

FCX

SINA

FXP

SCO

HSY

apply

2010-02-05T18:02:00.000-08:00

Read, Learn, Apply are important processes.

Which I why I don't like writing five paragraphs blog.
The shorter and simpler I make it the easier for you to Read, Learn and Apply.

Sometimes I don't learn what I read; other times, I don't apply what I learn.

Here are some options Greek for you to read-learn-apply.

How Well Do You Know Your Vega?

Delta and Gamma: How Options Move with Stock - Part 1

Delta and Gamma: How Options Move with Stock - Part 2

Delta and Gamma: How Options Move with Stock - Part 3

After you are done, scroll down to take a break.

UPDATED: Here's something that you can apply.

Sign up for SunTrust Checking and get $150.

I did. Disclosure: I do not receive any compensation what so ever for this.

mistake

2010-02-04T21:01:00.000-08:00

It's a mistake not remembering the resistance and support numbers.

It's one that I have made on several occasions.

Don't do it.

For the weekend I will post some links on options.

Was going to do today, but ended up working.

bottom

2010-02-01T17:32:00.001-08:00

I know it's a bottom. But is it The Bottom?

In the mean time, go read Debt: What Is and What Should Never Be

200

2010-01-31T06:11:00.001-08:00

Just some stocks I like that are approaching 200sma.

Most use the exact number; however, I use 97%(200sma).

Get out if the stock closes below 97%(200sma)

GOLD

DO

DGX

Don't like the OBV on these.

SINA

POT

APWR

look below

2010-01-29T19:16:00.001-08:00

You know I make things up as I go, don't you?

If the market falls, then lookout below.

Do you believe in FIB?

GMCR 3M Chart

GMCR 1Y Chart

That is so beautiful!!!

VXX 3M Chart

See the break above trend line and support?

VXX 1Y Chart

Disclosure: Long VXX and GMCR Mar90 Puts

sheep

2010-01-28T19:14:00.000-08:00

If I were to be a sheep, I would love to be that sheep.

I feel like such a sheep for buying into gold

Nothing wrong with TA at the time.

The problem was being a slow sheep, too slow to sell and getting slaughter.

DON"T BE A SHEEP!

wrong

2010-01-25T17:28:00.000-08:00

Today, I made the wrong choice.

I went fishing, but caught the wrong fish.

Even my attempt to chase did not pan out.

Do you see why I place my order at 32.64? I have been told not to be too exact, but leave a few pennies for errors. It would have worked in this case.

Market Snapshot: An Early Look at 2010

2010-01-23T07:19:00.000-08:00

An up-to-date perspective from Liz Ann Sonders (click me)

watching

2010-01-20T18:04:00.000-08:00

I am not dead yet, but very close. Dam flu is kicking my arse.

Not many new long trades for me and still watching 2x inverse ETF for a sign.

Updated: Jan21

AON

NITE

dare

2010-01-17T16:17:00.000-08:00

I am watching the volume and OBV.

Also, at this point, how much risk is there?