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|Left by wwrightjuly4 ( track member | ignore member ) - July 26, 11:41AM
My long portfolio indicators are out performing my
short portfolios so I am leaning cautiously
bullish. I try to keep in step with the trend,
and have somehow have been able to keep my monthly
performance in the Positive territory.
|Left by wwrightjuly4 ( track member | ignore member ) - July 26, 11:38AM
Jim, hope your doing well.
I am dropping the VXX today my counter weight, but
i think 10500 DOW is a key resistence area, and
half expect it to fail. If we spend too much time
testing 10500, I plan to add VXX and other Bearish
ETF's, else if it is able to walk up through the
10500 area, I plan to continue to find the most
actives. ---- You look bullish, True? ----
|Left by wwrightjuly4 ( track member | ignore member ) - July 13, 10:51PM
Not sure if this is a head fake, but if this is
the beginning of a rally, then I think it might
last till mid sept-oct.
I have been waffling a lot lately.
|Left by wwrightjuly4 ( track member | ignore member ) - April 20, 02:46PM
Holx stop 17.85, this may not be a very good
choice as it's a biased pick something I owned
earlier and had exited.
:::Here's others that are in various stages.
www wgov pii nty ezpw wat iart csh drq dv tpx ttc
slab tdw clc nbtb lstr, this is from a stock
screen, from freestockcharts com, modeled to
follow some of O'neils preachings.
|Left by wwrightjuly4 ( track member | ignore member ) - April 19, 01:52PM
I tried to answer your question here
(http wwrightjuly4 dot blocks dot com/post/13298)
Hope you get this.
My opinion for my own trading, it may work for
your trading just fine.
|Left by jim1851 ( track member | ignore member ) - April 17, 06:31PM
Read 2M by Darvis today. Good read. The first
half of book seemed like my recent biography...I
experienced the same things when I started in Feb
09 but everything I bought turned into winners
because of market conditions and not my skill!! I
was buying S&P100 with every paycheck. I went
through many of the same emotions/experiences
that he experienced. Everbody was experts, I was
last person to get word and I didin't understand
I found this first book a very entertaining read.
I do have question for you....could you take a
look at the 6 mos chart for RECN. I think it says
the resistance and support goes higher after each
cycle(enters new box)and it would be good time for
entry? Have a good weekend......jim
|Left by wwrightjuly4 ( track member | ignore member ) - April 11, 12:36AM
Lord that reads like gibberish. I find it
difficult to type in this small box, and the line
breaks are lost.
4)O'neil - spells out the canslim method
google blog site - you can google for "stock bee",
I just read it the other day.
|Left by wwrightjuly4 ( track member | ignore member ) - April 11, 12:30AM
Good to here from you Jim. I am glad you are
finding success and most importantly glad you are
sleeping well. Darvis - did not think much of the
pundits. And censored his broker from even calling
him. I just finished his book about his trading in
the 50's, truly fun read. He was a Dancer by
profession and became a quite successful trader by
following fairly simple rules. However he was a
bit compulsive. I can not argue with DJH's
success, but I find holding the penny stocks
difficult on many levels. However, DJH has made a
proposal which is intriguing. Turning 1000 into 1M
by trading these penny stocks, i.e. turning 1000 x
2^10 i.e. doubling 10 times. I would Highly
recommend these books - and quick read - CLASSICS
These three are more inspirational than technical
(short) you can read them in one sitting. After
reading those you kind of have to come up with
your own plan but the insights are priceless.
These guys are some of the best momentum traders
ever. 1) How I made 2M in the stock market
"nicolas Darvis" 2) Jesse livermore "reminesces of
a stock operator" 3) Second book I just started
"how to trade in stocks" Jesse livermore - more
insight into how he traded. -- lots of charts
CANSLIM method gives an outline for being
successful -- I personly find it difficult to
follow anyone precisely and probably accounts for
many of my failures. -- CANSLIM method -- outlined
by "How to make money in stocks" I really find the
titles and covers to the books cheesy but they do
contain some valuable info. 4) O'Neil books talk
about spotting markeet tops and how the Invetors
Business Daily can help. There is also a guy
"stock bee" who blogs I think on googles blog
sight. Spells out a method using the Thur. IBD to
be profitable trader. ( I am thinking of examining
it more closely) --- I do not own all the stocks.
I run scans constantly and "whats up" and "no
brainer" were two different scans. "Sc" was a
broker list. "blip" was another scan - worden
software - allows for great flexibility but a
little pricy - finviz dot com also is very useful
for scanning. "wheather map" is a market
gauge....VIX is very important and indicates the
volitility and direction of the market as long as
it's falling the market is moving up...if it rises
above 30-40, it is very difficult to trade
profitably you get large price swings.
|Left by wwrightjuly4 ( track member | ignore member ) - March 17, 12:51PM
- another observation on some of these portfolios,
might be to keep the number of stocks
small,performers, trade them out if need be, keep
a large position of cash. that way you do not
have 25-40 stocks w/ 1/3-1/2 dragging the
portfolio down. -I think I may try that, I have
tended to just add, and add. - any who - later.
|Left by wwrightjuly4 ( track member | ignore member ) - March 17, 12:43PM
Good to hear it, paper,paper,paper. -One
important note. We have been in an unusually
strong up trend in the overall market (fun), the
number of advancing stocks to declinings stocks
has been in favor of the Long holder since
Mar-Apr. Be acutely aware of what type of market
you are trading they will stall and and reduce
your equity quite fast. Cash is a position also.
I am over-extended here, and may take a hit,
if/when this rolls over. So, again this is a
reminder to myself as much as a warning to anyone
jumping in here. I think the Dow-30 will attempt
to make 11200, as that was a key break a couple of
years ago. 10600-10800 was my mark 2 years ago to
exit, however I dont always follow my own advice.
-regards and happy trails.
|Left by wwrightjuly4 ( track member | ignore member ) - March 14, 06:37PM
money mgt example :Be sure to search the web find
other examples, find a book, and start with
something conservative, because from my experience
I usually get it wrong the first 5 times. It is
extremely hard to start over.
General No more than 20% total at risk
No more than 2% of portfolio apt to lose in any
20,000 *.20 = 4000
20,000 *.02 = 400 i.e. if you bought
100 shares of BAC @ 18.00 stopped out at 14.00
i.e. cant lose more than 400 on any trade. rule
is broken if BAC were to drop 8pts on the open,
but you if you keep the 20% rule you can,t lose
more than $4000
Best not to have multiple same sector trades.
i.e. Bank, auto, industrial materials. etc.
|Left by jim1851 ( track member | ignore member ) - March 13, 04:07PM
Quick question for you. In looking at NVDA 12
month chart it seems that whenever the 13ma goes
below the 26ma then price trends down and when its
crosses above 26ma then an upward trend
occurs.....is this a typical signal for me to look
for when entering or existing? Thanks, Jim
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