The last few days is looking like a temporary dip in the market, the kind you would want to buy into. My trades are looking from ok to great. No time for new entries today. I will try to get out of CMCSA, LGND and SIRO with limit orders that should trigger if the market edges up a little more. I will also just exit with a market order for TER. All these trades have resistance lines that i didnt see before, specifically daily prior hi's/lo's. From now on i will really study the prior hi's and lo's on my daily chart and watch out for new lines formed after entry, which tends to happen if the stock gets a little choppy after my entry bar. TER i should not have even entered since i bought it right on a resistance line but maybe i can get out around b/e. CMCSA, LGND and SIRO might all be good profits, just smaller profits than i first expected since i didnt see ALL the resistance that i should have.

Hi gaby! You are the best!

went ahead and got out of PDCO again. having a stop loss order working did mess things up but in the end, it looks like its not staying in the strong trend anymore.

PDCO and FFHL were both victims of me skipping minor, yet, still very important recent hi's. every prior hi and low matters from now on. i could have had good exits from both...

ill just keep doing what im already doing, and watching out for as many daily and weekly recent hi's as i can. flattish day and nothing looked good for a new entry. i feel like im not doing good but if i keep seeing why im not doing good then doing that, is good cuz i keep learning my mistakes.
i just dont like how i havent had an easy, well-deserved, string of gains in a few months. there is just so much to learn i guess...

Gaby is beautiful and nice to me, i will see her tonight i hope.

i went ahead and exited my FFHL trade since it tanked so much without an immediate reversal. i exited a little after noon i think. a huge bar closing past 20 ema is an exit i think i should use. lost 11.6% on this one. it was looking so great...i did find a price level that i should have used as resistance....FFHL got fairly close to this level on tuesday when it opened but moved down during that day. then wednesday it tanked....i did make a mistake, which is good, since its an explanation and something to learn from. but even if i was using the correct resistance level as my target, i would still only have gotten out at the right time if i considered it "close enough" to the target. if i required the target level to be hit perfectly, i would have still missed out and taken a big loss. thats fine with me. if something opens or closes "near" the target then i'll just take my money and run. i have never been a stickler for that sort of thing. close is enough.

not able to look for entries since i was wasting my life away at the mechanic place while they took 3.5 hrs to rub anti-squeal chemicals on my brakes and run diagnostics on my transmission. right now all my stocks are down, down more than i like. im thinking maybe i entered into them when the market was well above its 20 ema and that i should not do that? the market has pulled back to its average, so maybe now is the time for new long entries? im not sure if this matters for me. FFHL is the only one that took a beating in this little market pullback and i think i just messed that one up.

i had fun spending an hour with you Gaby! wasnt wal-mart a great place? nah? you bought so much beauty stuff. i have a high maintenance girlfriend, who is pretty.

stop loss working order lesson- dont use them

I learned a new lesson. I was wondering if i had really screwed up anything. i thought, and i thought, and i thought. nope. everything is fine. just a new lesson, which is really good. I was stopped out of two trades on thursday, SIRO for a 3.7% loss and PDCO for a 6.4% loss. Both triggered my stop loss orders after large gap downs and both immediately retraced back up above their 20 ema's and completely filled their gaps. PDCO gapped down a ton. At first i was really dissapointed to see PDCO, which has trudged up for a while now, tank on me. i was thinking maybe i should switch back to index futures again, to avoid this craziness. but no. i should just have a mental stop instead of a sitting order. having a working stop order makes you a sitting duck for market makers. stop orders dont help at all when there is a huge gap anyways. out of all the trades that i have made, a working stop loss order has never actually "saved" me. any time i have exited, i could have just exited on my own for trivial small differences. in the end, a huge quick move is unstoppable so a working stop loss order is pointless if you check your positions regularly. huge quick moves usually retrace immediately too. for the record i took the two losses but i also got back in to keep following these moves. no more working orders for me.

i entered GOOG for a short trade that interested me. just curious to see it push up to a price level on its daily chart. not in my normal trading routine.

i want to see SIRO and PDCO continue on with their moves.

WTW long entry

i checked out several stocks before the close today but i only entered one. i got into WTW. the stocks i skipped had consolidation that was too volatile or not long enough, one had a reward that was less than risk and a couple had trends that were weak instead of strong.

5 long entries

Out of 8 stocks that i checked out today, i entered long on 5. I havent gotten into that many stocks in one day in a long time. unusual. and i have been turning down many that look near perfect lately. i got into SIRO, BHI, CMCSA,TER and LGND.

i will keep looking for longs that have no resistance in the way. i love u Gaby!

i checked out six stocks today but they all had resistance in the way. so no entries today.

i should probably use triple witching fridays as exits/resistance for my trades. that only happens 4 times a year....3rd friday of 3rd month of each quarter, at the end of each quarter basically.

my stocks look good except for MDOEF which is resting solidly on top of an ema but is just a hair from stop-loss.

No new entries today but several got my attention. all my current trades...EL, FFHL, GNET, MDOEF, MDSO and PDCO are looking pretty good. i will just keep getting into trades to ride this market trend. i will be on the lookout for anything else i can avoid in my stock picks. I want the least resistance in the way as possible. Maybe i can figure out another fundamental tool to use.

happy v day gaby! thanks for dinner last night! pancakes! sausage! you are so pretty baby!

GNET long entry

entered GNET with a limit order this morning. it really looks like it has room to move up.

filed my tax return today and the market went up, what a day. a few stocks looked good to me but none were good enough. decent up day for the market though.

I will see you tonight Gaby and i hope i make you happy!

HSFT was stopped out this morning. Happened to pull back up but oh well, not the charcter of stock that i want anyways. 10.8% lost. ouch. i need to make sure that my ema's are spread apart AND price is above the 20 and ema's are steadily aiming NE. All my worst trades lately including the 26% drop in SWIR and the 10.8% drop in HSFT had ema's that were "apart" but going more E than NE with wavy ema's. im getting stricter on my ema's so thats good.

went ahead and exited KBH. gave me a nice 9.5% gain but i should have exited earlier, at a much smaller gain. i want my trailing stop to be the 20 ema, not the 50 ema.

also exited JAZZ since i just realized it had a rising TL resistance that already halted price.....i guess i didnt see that line when i entered, maybe i was rushing, i dunno. i got out for a 7.8% gain, slightly worse than what i might have gotten at TL touch. i need to draw all the weekly/daily TL's and channel lines i can that will be support/resistance.

several caught my eye but after weeding out many i only wanted to enter one but after being distracted the market closed so i had to put in a limit order for the morning.

earnings lesson- beware!

my SWIR stock precipitously gapped down about 25% the morning after i bought it. its because of a realy bad earnings report that came out. this has happened to me before i think on another stock........AVOID TRADES THAT HAVE EARNINGS REPORTS COMING OUT FROM NOW ON. EARNINGS REPORTS ADD A GAMBLING ELEMENT TO A TRADE AND I DONT WANT THAT. now i know to research potential trades' earnings reports to make sure i dont get caught up again. oh well. good lesson!

now im thinking about using earnings reports as an exit signal. seems like people usually trade the rumor and sell the news....rally up to great earnings report, followed by an immediate sell off. whether people are buying the rumor and selling the news, demand becomes exhausted or they are truly surprised, short term trends usually change or reverse. hmmmmm.....this would be the first fundamental signal for me to ever use.....hmmmmm.... in the end, you just dont know what the earnings will really be either...

no time to look for entries today, probably not much anyways....

thank you for helping me so much Gaby! ur so pretty!

SWIR long entry

wondering if i should use 50 ema as trailing stop....especially if market is still in a trend when a stock pulls back.

entered SWIR a little early at 2:22 since i have to leave.

only a few caught my eye today, but i could have searched more.

Entered MDSO and FFHL long entries

MDSO looked great. FFHL looked great with the exception of a partially so-so consolidation. Its a little bumpy compared to what i think i should get.

I have been thinking i should also require a stock's industry to be in a strong trend also. Maybe with no resistance in the way as well, just like a trade. I have onlly done a little research on it so far but ive already gotten the feeling it would help even more. Maybe. I did that before when i was trying to find great reversal points in the market over the summer. Now im lokoing for great strong trends to ride. With reversal points the industries didnt seem to matter since everything reversed together anyways. But with strong trends, even if most industries reverse together, different industries do trend differently. Even if they all trend together, some will look better than others by being strongER or having less resistance. Right now oil/gas and semiconductors are trending better than most. when the market is oscillatiing up, a certain industry may oscillate sideways or up or down. i didnt have time to check today's entries' industries before entering but ill keep it in mind.

Unfortunately my GRYE penny stock investment is most likely a fraud. It seemed like such a great company because someone was making it all up. oh well. ill take my money out of it after it gets up around 2 cents again. darn.

MDOEF, EL long entries

Entered MDOEF with limit order this morning since i was too busy to watch the close today. The other limit order for OME hasnt triggered yet and probably wont....how sad. Entered EL before the close today. Several stocks caught my eye but EL was the only one the followed all my rules very well.

The market looks interesting to me now cuz there appears to be a significant resistance level where price is at now. Price appears to be pushing up against the level with a little momentum..... but we'll see.

I just punched in several recent exits for my blog trade record and i just realized the only "really bad loss" that i had lately, had a big recent prior high in the way that i didnt see, or maybe ignored cuz it was "old"..i dunno, but not making that mistake again. i already watch out for that now, i guess it just more proof, more motivation to get all that resistance out of the way. im glad i saw that.

exited NCTY yesterday since it closed below its 20 ema, telling me its not all cookies and cream with that stock's trend.

entered HSFT yesterday, all its signals looked really good to me...assuming the closeness of the 20 and 50 ema's is ok....havent come across that much but i guess we'll see.

Today my ARW stocked hit its target, giving me a 6.8% gain, even though the sp500 futures today is really really dead.