i didnt have time to look for new entries but thats ok. i have enough stocks right now to learn from. just going to ride this uptrend into the new year. the only real improvement im focusing on right now is to make sure each of my requirements is "really good" instead of just "good' or "decent". I want my large bar to be HUGE, i want my volume to be HUGE, i want my ema's to be FAR APART, i want stochastics to be COMPLETELY oversold/overbought, i want my consolidation to be LONG and STICKY with SMALL bars. obvious but thats what i need. stressing what works should improve my trading at least a little.

my current trades are looking ok or better. this santa claus rally might help me hit a few targets.

Yesterday i hit my target in CKSW for an 8.6% gain. It kept surging past the target but i probably did well by getting out there.

Today my LNN trade finally hit its stop for an 11.8% loss. the reward was 29.6% so in the long run this would be a good ratio, if u can afford the potential loss. one day when im limiting my portfolio with position sizing this might be something i would skip.

Today the market barely went up. I didnt try to enter anything new. Overall my portfolio is looking good. With LNN gone, nothing else looks like crap.

KBH, AMZN, VLO long entries

Today i entered KBH, AMZN and VLO for long entries. I was already holding plenty of trades to watch but, why not more? it couldnt hurt. i have found that the more exposure i get the better.

Today the market started to push up a little more than usual lately. My stocks are looking good overall. I updated my entry checklist lately, which now emphasizes having no roadblocks instead of having more proof of a breakout level.

Currently holding 10 different long trades going into tomorrow. Not caring about position sizing, i just want to see how different trades work. One day, when im using real money, i would obviously be limited on how much to get into and i would probably limit myself to 5 or 6 different trades only with specific numbers of shares, instead of my usual 100 practice lots.

By the end of last week i had been stopped out of CEDC.

I bought another 9700 shares of GRYE at 2 cents each, now ill just wait for a spike. it was funny though cuz my little trade alone pushed the stock price up 11.11% that day. the small positive bar on the chart for that day was because of me.

I exited MCP for a nice gain but got stopped out of KH for a nice loss as well.

I entered STZ for a long entry

Im thinking about focusing more on SP500 stocks instead of broad market since i follow the SP500 futures chart.

**I have to accept the fact that there will be situations where i ignore an indicator, such as:
-ignoring oversold stock stochastics during a strong market trend and instead just having faith in the strong EMA's for direction

-Ignoring EMA's during no market trend and just having faith in oversold stock stochastics for direction

BCS, CSKW long entries

My recent SNCR entry went to crap immediately and i also got stopped out of REE which had been crappy for a while. but im still wanting to be long. Entered these two today. I think requiring stochastics to be stuck still might be good, but really i what i was getting at was finding a stock that is in a strong uptrend. Both of these are in strong uptrends already, just like how my best trades im holding right now are.

dull day, most of my portfolio is down. GRYE was flirting with my 0.015 limit order but popped back up again. As of today my long liquidation of FCX, FO, MCK and SNDK all have hit their targets.

Does avoiding roadblocks far outweigh strict entry requirements? probably

Does an increase in swing volatitly help? probably

will i use either concept more ? idk

SNCR and LNN long entries

Entered SNCR and LNN for long entries in the solid uptrend thats going on now. The market is starting to remind me of back in 2009 right after that first big hammer/full moon entry in the late summer. These two entries are interesting to me and MAY include a potentially HUGE improvement in my traiding, mainly with the way i use stochastics. These two trades have already overbought stochastics. I noticed some of my worst trades lately were oversold, like i wanted them to be. But a couple of the best trades ive had lately, plus nearly all the ones i skipped (for not being oversold) were already overbought and DID AMAZINGLY WELL. Some of the steepest rallies to targets i have ever seen. the more i think about it, it makes sense. buying at oversold stochastics does work but it works best when there is no trend. oscillators work best in trendless markets. the way im actually entering right now is in a solid uptrend, so being oversold is not as important. it might be hurting me by getting me into too much weakness. anything that is trending strongly should be stuck overbougt. so me getting into a breakout, during a strong market trend, with stochastics that appear to be "getting stuck" should improve my trend following strategy. maybe when the market's emas are intertwined with no trend i should revert back to buying at oversold....

Ill see how well these two trades do compared to the others. Maybe this is a big breakthrough for me. Im currently holding 9 long trades. i think that used to be a record for me earlier this year, after i started printing out charts to research while at work. awesome, im not printing out any charts anymore. scanning through the largest percentage movers of the day seems to do most of the work for me.

LOJN long entry

I liked how this one was already in a nice daily up trend just like how FL was. FL seemed to move the best out of all of my recent trades so i'd like to emulate it.
Market didnt move much but many stocks did. My current stocks did kinda bad today. I just wanted to get into one more trade for now, bringing me to 7 total. Im 100% long right now.

I am going to take my pretty, pretty girlfriend to an Andrea Bocelli concert tonight. THen i will feed her food. She deserves more than i can give her.

CVBF long entry and 2 exits

Entered CVBF for a long trade. Im assuming the market is back in its uptrend now.

Exited CTRP and NM shorts since the market uptrend appears in order again. Got a 5.8% loss from CTRP and a small .7% gain with NM. NM was really strong going down so it went easy on my as the market pushed up.

Im ready to tackle another good trend and get through a trend change after that.

Long entries

I got into MCP and REE today just before the close. I had entered a long on friday also i think, ill have to check on with stock it is.

market was fairly quiet today. Im thinking the uptrend will continue now. I will have to figure out how to get rid of my shorts if this is true, another new situation for me. New situations are good, it means im growing.

Much happened in last 2 weeks

No time to post anything for the past two weeks. I felt like i could barely find time to do any trading but i guess i did some stuff. Two weeks ago i was trying to figure out how i should manage my trades since the market was starting to consolidate after a decent break down of a rising trend line. After the break down i exited most of my longs and got into several shorts. Then i tried adding some longs after consolidation seemed obvious, thinking if im long and short in what appears to be sideways movement in the market, i could benefit the most since im unsure as to where the market is going. I figure whichever side is wrong wont move against me too quick or i could exit early while holding onto the side that is right. The wrong side shouldnt turn around too quickly since there should be at least a little pressure pushing it toward its target. I had entered AH, CPWM, CRM, FL. Out of the Longs i exited on the break down, only SNDK eventually hit target, maybe that was a good idea...GSIC got stopped out for a 7.2% loss.

Going heavily short after a supposed break was probably a mistake for me, i should have known that it could easily go sideways instead of further down. Turns out it went sideways.

After over a week of sideways movement, i went ahead and exited AH, CBK, CPWM and CRM since they were struggling to move to their targets and i kept FL(long) and NM(short) since they were moving very well.

Recently i entered KH, RIMM and CTRP but then i soon dropped RIMM cuz i realized i skipped over the fact that it had its weekly 200 just in front of it for resistance. Today im holding CTRP, FL, KH,NM and trying to still get into SRI(long) after missing its entry yesterday but im thinking it will leave me behind since the market is starting to push up.

Im thinking i could be long and short when the market is sideways, but just trade with the market when its in a solid trend. I just need to make sure i have patience before calling a solid trend......when in doubt, i will go both ways.

Before the close today i tried to enter into two more long trades, CEDC and ZEUS, but my orders werent making it through.....some kind of "internet or server problem", i blame it on TOS cuz the internet is working great for me. I will try to get into them tomorrow with limit orders and if not i think i would keep track of them as if i entered. Looks like the marke is going to continue its uptrend. Currently holding FL, KH longs and CTRP,NM shorts. Looking for late entries in CEDC, ZEUS and SRI.

GSIC short entry

Looks like a good short entry for me. Market could still go either way. Im in a new situation because i know how to ride a nice trend but im not sure if i should start trading the other way if there was a TL break, like im doing now, or if i should just look for a nice solid trend somewhere else. Either i will get stopped out of my current shorts and the market will continue up, or my shorts will do well if the break gets a follow thru. we'll see.


Better odds might lay with just looking for a solid already going trend somewhere else... The trades i exited recently because of the supposed break have turned up a little so ill watch those to see how they do. Maybe next time i wont jump out so early.

NM short entry

Entered NM for the first short trade in a while. The massive down bar shows more weakness than the overall market, so thats a good sign. Has a pretty good reward.
Several others caught my eye why flipping through the most actives. SPU and JHI looked great but werent available to short cuz they are cheap pieces of crap but thats ok. It happens often with cheaper stocks. Since i was still trying to ride the uptrend as of yesterday, i missed a really nice looking short entry in CHNG but its ok, ill just watch it and see how it does.

Exited FCX, FO, MCK and SNDK since the market appeared to be breaking down. A couple had biggish losses but their rewards were just as big or bigger, so thats ok. Today has been about saying "its ok...".

Now i want to see how i do through this supposed trend change. It would be really nice if it turns down and i continue to do well.

FO entry

Entered late in FO and tried to enter CTEL but gave up since it gapped up away from my limit order.

I exited HAR for a nice 10% gain. I stayed in it watching it struggle for an extra 1% over the past few days while the market sold off a little, testament to the strength it had i guess.

Overall my trades are hanging in there and half are showing relatively more strength than the market which is good since they are longs. Maybe later on i will try to cut loose the ones that appear to be just as weak as the market, not sure yet...Relative strenght is something i dont really use yet. hmmmm....

Socialistic/communistic fun

The president of Venezuela, Hugo Chavez, is creating a “socialist” state-run Public Bond Market.
He said " “Don’t spend all your year-end bonuses, invest in the bourse, and the state will guarantee your money with good yields.” Sounds promising. He also just kicked out a bunch of people from their apartment,making them stand in the street cuz the government "needs to use their building". The people in the pictures look sooo happy too.

article:
Chavez Creates `Socialist' Bond Market in Venezuela, Promising High Yields
By Daniel Cancel and Charlie Devereux -
document.write(dateFormat(new Date(1289836040000),"mmm d, yyyy h:MM TT Z"));
Nov 15, 2010 9:47 AM CT
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Venezuelan President Hugo Chavez said he is creating a “socialist” state-run Public Bond Market that will offer local investors high yields to stimulate saving and allow nationalized companies to seek financing.
The Public Bond Market, which will begin operations in December, will allow state-run companies to sell debt to finance operations and individuals to seek investment opportunities, Chavez said.
Chavez tightened his grip on the financial industry this year by closing more than a dozen banks and 40 brokerages that he said committed “fraud” and set artificial exchange rates. He said investors will have their investments guaranteed by the state. Caracas’s private stock exchange has seen trading plummet since 2007 after the nationalization of companies including Cemex SAB and Cia Anonima Nacional Telefonos de Venezuela, known as CANTV.
“The banking and brokerage crisis has allowed us to draft this law,” Chavez said yesterday on state television during his Alo Presidente program. “Don’t spend all your year-end bonuses, invest in the bourse, and the state will guarantee your money with good yields.”
Yields Rise
The government’s average dollar-bond yield rose 20 basis points, or 0.2 percentage point, to 13.23 percent on Nov. 12, according to JPMorgan Chase & Co. indexes.
A draft of the bill that was approved in the National Assembly said that in addition to state companies, joint ventures, community councils and private companies will be authorized to sell debt.
Chavez plans to use the new bourse as a way to finance government enterprises, said Alejandro Grisanti, Latin America analyst for Barclays Capital. The weak financial condition of many of Venezuela’s state-owned companies will give little incentive for investors to participate in the bond market, he said.
“In my opinion there is no way that a private investor will go there,” he said in a telephone interview from New York.
The Securities Regulator authorized state oil company Petroleos de Venezuela SA to sell $3 billion of bonds due in 2017. The bonds were sold Oct. 25 and will be traded in the secondary market through the Public Bond Market, according to a statement.
CANTV, the state-run telecommunications company, will be able to sell shares to local investors through the market, Chavez said.
The government has assigned a headquarters for the bourse, Chavez said, without providing the location.
“The Public Bond Market has been born as a product of the terminal crisis of Venezuelan capitalism,” he said from the Miraflores presidential palace.
To contact the reporters on this story: Daniel Cancel in Caracas at dcancel@bloomberg.net. Charlie Devereux in Caracas at cdevereux3@bloomberg.net
To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

No new entries but a few had a lot of action going on, including SLE (sarah lee). Exited ESRX for a nice little 4% gain. What im currently holding looks ok, just stalling a bit and needs a push.

Good day for me.
Exited CVH and AMD for just under 7% gains. CVH only lasted a day. Everything else was fairly quiet just like the market. Waiting for ESRX to hit its target very soon, it was only 10 cents away at the close. No new entries.

CVH long entry

Only one that looked good enough for entry, which is more than i thought i would find considering how flat the market was today.
My trades did good today, better than the market. thats a good sign. i hope i get good sleep tonight, after eating dinner with my beautiful girlfriend.

FCX and SNDK entries

These two beauties looked great. Had several others that i considered but they all had a minor problem with low volume, small entry bars or lousy rewards.

Overall a nice day of gains for everything since the market pushed up well. Best overall day ive had in a while. Keep on going rally! And when youre done ill look for an hourly trend!

My gf gabriela is beautiful and supports me in my life.

Nice 6% gain from solid move in ADP.

Nothing out of my 60 or so stocks on watchlist really interested me for an entry.

Overall a decent little day of gains after the elephants took majority of house last night and fed res said no rate cut again.

ESRX, HAR long entries

A few caught my eye but these two looked pretty good with solid rewards of at least 5%.

Overall a decent day of gains. Still buying breakouts along with daily market uptrend. Trend might change soon after the election but maybe not. Ill bob when i have to.

Recently an article came out about a large gold fund manager who says gold can go to $10k an ounce. Pretty rediculous. Everything about gold has been at record highs lately and he thinks it will go up another 9 times what it is now....right.....when is it gonna collapse?

LLL exit

My LLL test trade worked out. This is showing an entry before the b/o. intersting but i will probably never care to do that again.
Added a few more to my watchlist. Flat day, sad volume. Currently holding MCK, AMD and ADP and AMD is the only one that looks bad.

AMD long entry ..............MOT wtf?

I have no clue how i ended up short -200 shares in MOT. I remember looking at it but dont remember trading it. I didnt record it on my blogpage.....i dunno. probably some weird mistake while daytrading. daytrading really screws me up.
I enterd AMD. Expecting a 57 cent move on this one.

MCK entry......IXG and PXP cancelled

I liked MCK's nice breakout to the upside since the market is still in a solid trend. Ill see if my recent 50%+ probability holds up. Im sure it is owed to me "following the market trend" and a large stop loss.
I cancelled IXG and PXP for small losses since, after what feels like forever, they have done nothing.

Entries, exits, daytrades

Yesterday:
Gained .18% in a daytrade with ADM.
Lost .3% in a daytrade with AKS.
Gained 4.4% in a position trade with CMCSA.
Lost.13% in a daytrade with AET.
Entered RIMM for a position trade.

Today:
Gained 8.5% in position trade for RIMM.
Lost 1.6% in a daytrade for AEP. (1 min charts are dumb)
Gained .17% in a daytrade for A.

Hitting 50% probability just with these trades. I have had several gains just before this also, so really its well above 50% over the past week or so. The best part is....i think i know how to avoid the losses i took in the last 2 days. My mistakes were either not have consilidation (not having a pattern b/o) or not trading with a sold market trend (strong EMA's and steep TL). ALL my gains have those two things.

Trading on 1 min charts gets annoying and tedious, dont like it. i make mistakes and am forced to rush too often. but its good practice.

Good BAC daytrade

Cancelled the ABDN order on Scottrade cuz i forgot to make it "all or n0thing". then i decided not to waste my time with it and just wait for GRYE to pull back.

Gained 1.47% on a nice daytrade in BAC

nice 2.7% gain with AMGN exit today.
nice daytrade on 1 min chart with GT for a .58% gain

I decided to put my extra $100 in scottrade into another penny stock. GRYE is in a rally right now and i thought while i wait for it to come back down i could try to double my money with ADBN. I put in limit order for 950k shares at .0001 and i would try to exit all of them at .0002. It might take a month though...i got time.

ADP, AMGN, CMCSA entries

Entered ADP, AMGN and CMCSA at the open. Now everything has a generous stop loss, one big enough so that the ema's can actually act as support. I never really tried to be very risk averse but somehow my trading stays held back by my too-tightly held stops. I really want to see how my probability is now. Its just so dumb to watch your trades get stopped out when almost EVERY SINGLE ONE hits the target right after....I just got distracted for a minute cuz my red pen started leaking ink and i thought it was blood on my hand..i did happen to get my blood taken today at a clinic....i never use that red pen...what are the odds?...

Looking back at my losers for the past couple months, my main problems were stops that were too tight and not trending with the market. Im doing both now so i really want to get into more moves and just see what they all do. Holding 6 longs right now.

made stop losses bigger AGAIN

moved my current 3 stops a little farther down so that they are past recent minor low, since they are longs. once again i realized my stops are probably too tight for my trading. sometimes putting the stop just past the entry is good enough, but sometimes even more is needed. if i had been putting stops past recent minor lows then my probability would have been up around 90% for my last 8 trades that have been following the market's trend. following the market trend with ample stop-losses, doesnt get any better than that!

i was gonna put an order in for $95 worth of GRYE but its moved up to .0177, to rich for me. ill wait for it to go back down to .005. currently im up about 500% on my original 6000 shares.....and i would sell them now and get back in but im scared that a giant pump could happen since there was a HUGE volume spike recently, very very huge.

i went ahead and put in limit buy orders for ADP, AMGN and CMCSA. ill see how they go when i wake up. goodnight self.

No new entries. Made 3 daytrades and all were losses. CECO -.4%, ESI -.26%, BAC -.16%. 2 of them went directly to the target line right after i was stopped out. Just too volatile on the 1 min chart with these.

Overall my trades hung in there today. FITB is the most questionable trade that i have. Overall my trades look good i think. Trying to figure out why IPI looks "really good" and i thought its 38% fib breakout was why but now i think its just lucky.

Thanks Gabriela for all your support.

Exited CMA for 2.3% gain and HBI for 6.6% gain. I should expect larger gains than these two since they appear much less rewarding than my others. Didnt bother to look for new entries today. Mixed day for what i still hold.

Wondering if i should only enter stocks who's entry bars are showing even more strength or weakness than the market's bar. My best stocks ive held lately follow this, as well as my worst stocks lately dont follow it....hmmm......Ill keep trying to avoid my worst trades while targeting best trades the best i can.

cancelled AXP,HRB and made 3 daytrades

overall a nice day of gains. i cancelled AXP since it already hit its true target level and wasnt going back to it yet, small gain from the deal but it would have been 4.5% gain if i had my target TL a tad closer like it should have been. I also cancelled HRB since i just realized there is a weekly 20 EMA holding price down, small gain though. The main thing i have to check on is making sure weekly and daily resistance is out of the way.

Made 3 daytrades for the hell of it. Not much research at all for them but 2 of 3 did well (-0.13%, +0.37%, +0.6%) on 1 minute charts. Still very boring to constantly monitor, but good for quick practice.

Most of my current holdings are longs and look ready to make me some decent money so i just need to monitor them each day and let the market do its thing over the next week or so.

Did this daytrade just for fun. It followed all my rules except i waited for a better close past the 200EMA on 1 min chart. exit since it closed past 20ema but it did end up hitting target line. basically a great trade but i definitely would prefer daily moves instead of 1 min. having to constantly monitor this one trade was boring and hard for me to do since i get distracted easily. Bigger daily % gains and plenty of time for research, only checking once or twice a day......all sounds so much better to me. Even if in the long run i would make a little less money.
No exits or stop outs today. My AXP and CMA trades look like they already ran their course but i placed my target lines just a little farther than i should have, so ill see if they retest their targets again. Overall my 9 trades look ok.

PXP, IPI, HRB long entries

Went long in PXP, IPI and HRB. All looked great and i turned down several others. Just going with the current market trend. These have EMA's and Weekly TL's far enough away to provide nice rewards.

A fairly busy friday for me :P. Soon i will go eat at Pappadeaux with my beautiful gf.

GE entry

even though they didnt get stopped out yet, i cancelled COF, CS, PRU and TWC since their entry bars didnt break through a weekly TL (my major TL now). I did enter GE for a slightly late entry. I knew a major TL breakout would help me but i somehow stopped making sure it was a weekly TL. Out of the 8 or 9 trades i was holding, only 2 were "doing good so far" and both happened to be the only ones with weekly TL breaks. The others generally stopped or turned around once they came to their weekly TL's. I think im back on track with that. Now my setup should be pretty good, and much pickier now. Temporary dumb move on my part. Im

Im also thinking the stochastics dip in GE is usually as good as it gets for these pattern/ema/TL breakouts.


so a weekly TL needs to be broken before entry and my target will be the next weekly hi/lo or 200 EMA, whichever is closer.

ATVI stopped me out for a 2.6% loss. Just tanked after i bought it. Stocks were random today creating a flat market day. Across town during the day so no new entries. My other longs held up or gained a little after today. My shorts are looking bad (which is good since i believe i should not be in them right now). I want to see more action in the market thurs and fri so i can see how these trades do.

Ill be very happy if most of my longs right now hit their targets/shorts get stopped out if the market keeps holding its TL. If the market's TL is broken then i would enter new short trades and would want those to hit their targets while my current longs are exited/stopped out.

IXG, CMA,COF, ATVI,FITB entries

Entered IXG, CMA, COF, ATVI, FITB for longs. They follow all of my rules and are going in the still prevailing trend direction of the market. Looking for longs until market TL breaks is best idea.

Exited CBD for a 3.9% gain, kind of a role model for my current trades on how they should act. BCS and DLB were stopped out for -2.5% and -3.2%, them and others i still have are going against the market but i want to let them get stopped out so i understand how the market will treat them better.

Trend is your friend. As long as the market TL holds up, i will keep trading these quick long bursting trades.

AXP short entry

Im in the process of tweaking how i will "time my trades with the market". I entered AXP as a short today. The market barely closed past its tight TL but i want to get into the trade anyways. I want to keep getting into trades every day if i can just to see when the best ones are offered in relation to when the market breaks its TL.

A simple break of a tight trendline in a market swing is my signal of a new trend. Its looking like that will be done any day now. Im currently holding 3 longs and 5 shorts. If the market breaks its tight rising TL, my longs should do crappy while my shorts do well and i should be able to find nice short entries the day of or soon after the market obviously breaks its TL. Those are the high probability trades that i will probably be going after.

PRU entry

Turned out to be a busy, but good week for me.

Wednesday i was stopped out of NAV for over 4% loss and exited DBC for a 6.9% gain.

Thursday evening i found BCS, CBD, DLB and HBI which i wanted to enter so i went ahead and put in market orders that went through Friday morning. I decided to stop "using" hourly charts since they always looked 'good' to me. I also stopped using a break-even stop since my moves are now smaller.

Friday(yesterday) the market orders equally gave me better or worse entry prices and then i also entered PRU at the close. I think i realized how i could really "time my trades with the market". Hunting for laggards while the market is trending and only entering them once the market breaks its tight trendline. PRU is not following this completely but i wanted to see how it did in that case. It is a short entry using major TL, pattern break, triple hitter EMA break, large volume, large bar, stochastics but the market is still trending up.

i dont think i can improve much on my stock charts, but a more advanced/broader concept of timing my trades with the market is now important to me. my research will be about finding laggards now and narrowing them down to entries just like PRU, but at the right time.

TWC and NAV entries

i decided to exit my CHU(test trade), BXP, CBD, CLF, CNQ and CVC trades. they were a mixed bag but sluggish overall and its because i used a 10/25 EMA breakout but those emas suck basically. even for EMAs instead of SMAs i should still use 20/50. I also added 200. Now im doing a triple hitter breakout. After thinking about bouncing from ema to ema as i talked about yesterday i realized it would change everything i do and i dont like that. All i had to do was add the 200 to the breakout to get even more resistance out of the way. I am considering the old resistance new support so im going long now. The cancelled trades wont be included in my raitos, really no point since they break even overall and i didnt follow them through.

added TWC and NAV long entries. they follow my new requirement, the triple hitter, while using the next intermediate TL as reward. Still holding DBC and CS since they basically follow my triple hitter rule.

Triple-hitter: 20, 50 and 200 EMA's need to be broken through, preferably all by one large bar.

My triple hitter method seems to net 1:1 risk to reward but over time i will see if i should adjust that and place the stop a little closer to entry (somewhere inside entry bar). Im thinking i should wait to enter once the market makes a solid daily bar from a S/R line. Just blindly jumping it at the level to "get in early" seems kinda pointless for me.

Ended the trading day by watching "muscle" corner the intra-day market on S&P500 futures.