Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Buy to cover 16 1/16. This site is slow.
Shorted ITWO at 16 15/16.
Covered around 18.50. I ready to go to the beach. :)
Shorted OPWV for a 19.80 average. I might have shorted this stock too quick.
Closed out CFLO AT 5 5/8.
Shorted CFLO at 6.0
My stop loss on CYGN was taken out this morning.
Close out my TMTA short at 19. I broke ome of my rules about adding to a losing trade and this time it work. :)
Move my stop loss on CYGN. This stock is haunted.
Short sell TMTA at 20.25.
I am going to add some stocks to my long term paper trading account.
LLL 75 oct 75 puts at 9.
WMT a straight short at 47.
I sold my CCL puts for a nice paper profit (80% gain). I made a typo in the stock MER. I should have typed MRK.
A complete manipulative operation on the long side consists of three parts: 1 Accumulation 2 marking up and 3 distribution. In the case of a short operation the distribution comes first, then the mark down and the accummulation. Also, the manipulator must work with a large block of stock or the deal wil not be worth his time or risk.
Buying to cover RHAT at 6 1/32.
Shorted RHAT AT 7. I am hoping to add to this short later.
GSPN is making my blond hair stand up on my head. I have coverd most of my short below 22 1/2. GSPN has bounced off of 22 3/8 pretty hard. If I have to cover the rest for a small loss today, I will do so.
Shorted CYBN this morning at 6-6.5. Hopefully, I will cover this short in a couple of days
I am going to short GSPN at 22 11/16 for a day trade. I will spend some time on working with long shorts this weekend.
coverd at 12 1/2.
ss FNSR 13 11/16
I close out my short at 8 1/8.
ss CLRN 8 1/2 for day trade.
Three main types of volume-activity I need to test to see if they are right.
1.Increasing volume during an advance, with the intervening pauses or setbacks occurring on light volume. Ths is indicative of the underlying demand's being greater than the supply, and favors a resumption of the advance.
2. Increaded volume at the top of a rally, or of an advance, lasting for some time, with no appreciable gain in prices- an active churing of stock transactions without progress. This is indicative of a turning-point.
3. A"tired or strugling, advance when stocks creep upward on light volume and "die" at the top. This indicates a lack of demand(few buying-orders); and, selling orders likewise are light this action frequently marks a rounding-over turn which may be followed by increased volume on the down side. These struggling trends are subject t sudden reversals, particularly when they have endured for several days.
I took long term shorts in BA 56 MER 72 CCL 28 KO 47 using long term puts today. Let's see how the paper trading goes.
Going to spend some time researching the following stocks for long term puts. http://stockcharts.com/def/servlet/SC.scan?s=TSASAA[s0,20,v_gt_80000]![YB,0,T,1,3_EQ_1]
A couple signs on Distributiion of stocks by the major broker houses I need to test to see if they are right.
1.Stocks that are getting distibuted are fast movers up and down on large volume.
2. Increase in earnings.
3. The stock is reporting high growth numbers.
4. Special privileges to stockholders, which really is the bait that catches the sucker and in the end causes a big loss.
I would like to thank you for taking the time to post your picks. I notice that you read Abby Cohen's recommend list. Would you mind giving me the link so I can start paper trading her picks?
best regards
Shannon
Twenty-five Rules That I think are important to follow.
1. Divide your capital into 10 equal parts and never risk more than one-tenth of your capital on any one trade.
2. Use stop loss orders. Always protect a trade when you make it with a stop loss order 3 to 5 points away.
3. Never overtrade. This would be violating your capital rule.
4. Never let a profit run into a loss. After you once have a profit of 3 points or more raise your stop loss order so that you will have no loss of capital.
5. Do not buck the Trend. Never buy or sell if you are not sure of the trend according to your charts.
6. When in doubt, get out and don't get in when in doubt.
7. Trade only in active stocks. Keep out of slow dead ones.
8. Equal distribution of risk. Trade in 4 or 5 stocks, if possible. Avoid tying up all your capital in any one stock.
9. Use limit orders.
10. Don't close your trades without a good reason. Follow up with a stop loss order to protect your profits.
11. Accumulate a surplus. After you have made a series of successful trades, put some money into surplus account to be used on ly in emergeny or time of panic.
12. Never average a loss. This is one of the worest mistakes a trader can make.
13. Never get out of the market just because you have lost patience or get into the market because you are anxious from waiting.
14. Avoid taking small profits and big losses.
15. never cancel a stop loss order after you have placed it at the time you made a trade.
16. Avoid getting in and out of the market too often.
17. Be just as willing to sell short as you are to buy. Let your object be to keep ith the trend and make money.
18. Never buy just because the price of a stock is low or sell short just because the price is high.
19. Be careful about pyraminding at the wrong time. Wait until the stock is very active and has crossed Resistance Levels before buying more and until it has broken out the zone of distribution before selling more.
20. Never hedge. if yo are long of one stock and it starts to go down, do not sell another stock short to hedge it.
21.Never change your position in the market without a good reason. When you make a trade let it be for some good reason or according to some definite plan; then do not get out without a definite indication of a change in trend.
22. Avoid incrasing your trading after a long peroid of success or a period of profitable trades.
23. When you find a new system for trading, Paper trade until you are batting above 90%.
24. Stay away from stocks who have a spread of 1/2 point.
25. Dont trade in a panic.