Sunday, September 30, 2007

Game Plan for Next Week.

My game plan for next week is to seek bullish exposure on any weakness on monday.

Setups For Next Week

60 min. Index Charts Setting up for bullish breakout.

Bull and Bear Markets

Here's a simple little tool to stay on the right side of the market.

Thursday, September 27, 2007

Wednesday, September 26, 2007

Some Early Warning Signs

In scanning thru chart setups to trade i can't help but notice that there's of a lot shit stocks that are making huge moves, especially in the chinese names. Now, in my experience this kind of speculative behavior means two things.
1: Hedge funds are playing catch up by ramping up momo names to juice up their sagging portfolios.
2. We are closer to the end of a rally. That doesn't mean that we sell-off hard and go into a bear market. It just means that we'll probably start a correction. (mostly likely scenario).

That's how i use excessive speculative behavior by spotting signs of complacency, greed and exhaustion and to start to trim down long exposure and develop a more conservative posture.

Stocks to Watch

Tuesday, September 25, 2007

Monday, September 24, 2007

Great LVS trade took off right away

Booking the DRYS trade

Made some very nice profits in DRYS. Taking the gains as the mrkt looks like it may need a rest as Neg. Div. appear to be forming.

Wednesday, September 19, 2007

Sample of Bullish Setups to Keep an Eye On Every Morning. These Setups Take Shape in the first 90 minutes.

Good Trades Work Right Away

Two excellent trades in LDK that worked right away today. Netted 5K on the trades. And took some home with me as it closed near the highs of the day, strong mrkt and looks poised for further gains.

Good trades work right away. A losing trades will languish around and do the exact opposite of what you expected. Gotta get out right away at small losses as soon as you realize these trades are losers. It takes less than 5 minutes to find out.

Monday, September 17, 2007

Great Trades Work Immediately

Today i had a nice trade in BIDU that started to make money within a few minutes after i entered the trade. These are the kind of trades successful traders need to be looking to enter.

The clock starts ticking as soon as the trade in on. Time is of the essence. I buy a stock because i expect to make money and good trades get the job done right away and if the stocks doesn't start to pay up right away then the trade needs to be terminated or it will turn into a loser fast, tie up valuable capital, and bring out amateurish trading behaviors.

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