AI
Friday, February 06, 2004 2:30:40 PM
SNDK put play for March under water so we had a long that is gaining nicely. Its a lot better than having 9 or 10 semis under water and selling at a loss!
(adjusted buy trigger emailed early this morning)As you can see in today's newsletter chart for SNDK, we already figured we'd be buying SNDK around 10:00 to 10:15 and so it was! One buy, one trade, and the LONG TERM DAYTRADE is alive and well Stop adjusted to 52 and we'll lock in profits but keep some incrementally.
More plays for next week and we are 'rollin here (with plays already set out before the rally) When you have your earnings plays and 'teenager' stocks prepared its easy. From a portfolio of about 10 stocks is all I traded today. Already in some plays slated for next week. The less plays you make and the most profits. I've been just 'nursing' them since 10:00. WE got the downside so we didn't have to BUY HIGH and SELL LOW at a loss. Many traders gave up and SOLD LONG POSITIONS last week WHILE STILL UNDER WATER, giving up that buying the dip would lead to anything. Now today we rallied and they are banging their headsd against the walls. This is called buying high and selling low and what PROFESSIONAL TRADERS NEVER DO, some novices though get stuck on no fault of their own usually through "leaders" who get them into long positions prematurely and then they just give up on them and sell them off.
We were still locking in last of our puts/shorts until yesterday and knew today's employment report would take care of the rest of the 'stragglers' With a SOX chart slated at 500, the IMPORTANT last support level we were ready, with the MXIM report giving us a "green light" as well as VECO and TQNT. NO PLAYS were under water except a put play for SNDK for March but SNDK long on today's newsletter already neutralized any loss we might incur there (didn't sell that position yet) Still long SNDK from the bounce off the 20 ma @ 51.86 and holding from early this morning.
(adjusted buy trigger emailed early this morning)As you can see in today's newsletter chart for SNDK, we already figured we'd be buying SNDK around 10:00 to 10:15 and so it was! One buy, one trade, and the LONG TERM DAYTRADE is alive and well Stop adjusted to 52 and we'll lock in profits but keep some incrementally.
More plays for next week and we are 'rollin here (with plays already set out before the rally) When you have your earnings plays and 'teenager' stocks prepared its easy. From a portfolio of about 10 stocks is all I traded today. Already in some plays slated for next week. The less plays you make and the most profits. I've been just 'nursing' them since 10:00. WE got the downside so we didn't have to BUY HIGH and SELL LOW at a loss. Many traders gave up and SOLD LONG POSITIONS last week WHILE STILL UNDER WATER, giving up that buying the dip would lead to anything. Now today we rallied and they are banging their headsd against the walls. This is called buying high and selling low and what PROFESSIONAL TRADERS NEVER DO, some novices though get stuck on no fault of their own usually through "leaders" who get them into long positions prematurely and then they just give up on them and sell them off.
We were still locking in last of our puts/shorts until yesterday and knew today's employment report would take care of the rest of the 'stragglers' With a SOX chart slated at 500, the IMPORTANT last support level we were ready, with the MXIM report giving us a "green light" as well as VECO and TQNT. NO PLAYS were under water except a put play for SNDK for March but SNDK long on today's newsletter already neutralized any loss we might incur there (didn't sell that position yet) Still long SNDK from the bounce off the 20 ma @ 51.86 and holding from early this morning.
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