Back again...it's been a long couple months. Here's a good reminder of trading...
My 4 Top Trading Rules:
1. Don't risk too much on one event or company.
2. Stay focused, especially when the markets are moving.
3. Don't fall in love with any stock.
4. Prices move before fundamentals.
From Hototc.com
There ya have it.
As for me, I am starting once again.......with $ 3000.00 and going to see what I can do with it. More info coming.
TradingTime: 06:30am PST thru 01:00pm ** Mon-Fri
Tuesday, December 8, 2009
Wednesday, October 28, 2009
Sunday, October 18, 2009
Long Time, No Write
Well, it's been quite a while.......I haven't been able to concentrate on my trading for the past 3-4 weeks due to my business; and a trip I was supposed to take. So, I let some "trades" NOT happen....and though I am still in the @ $ 20,000 range of profit, I have dropped from the high of $ 36,000.
(I also have learned, with much frustration, that SCOTTRADE does not allow you to "buy" certain stocks...which they deem to be "too risky." So, I have missed a number of possibilities. Therefore, I am looking into opening an account with ZECCO.com; another broker who allows more trading. I might own both trade accounts....we'll see. More to come.)
Anyway, I am well positioned I believe, so on Monday, 10-19-09 I will decide whether to sell some or hang on for the week...depending on the direction of these stocks:
And of course, the ever crazy,
SPNG --- which had "trading" suspended through Oct. 16th. I'm told it will resume trading Monday, October 19th....and we will see which way it will go.
Lots of interesting thoughts on the message boards, leaning heavily both ways.....some wildly predicting a rise to $15.00/share (yeah right ;) -- and others saying the SPNG is going all the way down. IF IT TRADES MONDAY, it should be an interesting day. Everything seems to hinge on the financials.....are they in line with the info on www.spongetechinc.com ???? or were they leading us on ????? Hmmmm, only time will tell.
So...back to trading, I hope....and communicating with myself on my choices.
(I also have learned, with much frustration, that SCOTTRADE does not allow you to "buy" certain stocks...which they deem to be "too risky." So, I have missed a number of possibilities. Therefore, I am looking into opening an account with ZECCO.com; another broker who allows more trading. I might own both trade accounts....we'll see. More to come.)
Anyway, I am well positioned I believe, so on Monday, 10-19-09 I will decide whether to sell some or hang on for the week...depending on the direction of these stocks:
ASFX ClayTrader (charter) tells me ASFX is ready to move up. We'll see if ClayTrader has good insights on this - check out and see if you agree with him:
IFSL Not sure this has reached it's bottom, but looks like setting up....may move down to .05. The Quarterlies should be coming out soon, and from what I read, they should be VERY good. Not sure when they come out; and of course, I could be wrong.
SYNJ Monday, Oct. 19th, 2% dividend being awarded holder's of stock. This is an interesting stock similar to AWSL (which has taken off well). SYNJ could just be another.....over time. How long?....not sure.
LFBG Bought just before the 2 for 4 stock divided.....got 'em, which is good; but the stock has tanked. Holding this one through Christmas, because it is in Walmart....see link:
Walmart Link, Left Behind: Eternal ForcesAnd of course, the ever crazy,
SPNG --- which had "trading" suspended through Oct. 16th. I'm told it will resume trading Monday, October 19th....and we will see which way it will go.
Lots of interesting thoughts on the message boards, leaning heavily both ways.....some wildly predicting a rise to $15.00/share (yeah right ;) -- and others saying the SPNG is going all the way down. IF IT TRADES MONDAY, it should be an interesting day. Everything seems to hinge on the financials.....are they in line with the info on www.spongetechinc.com ???? or were they leading us on ????? Hmmmm, only time will tell.
So...back to trading, I hope....and communicating with myself on my choices.
Sunday, September 20, 2009
AGEL
Interesting perspective by Technical Analysis of AGEL......though with sub-pennies, not always accurate; so with that said, remember, I DO NOT RECOMMEND THIS STOCK, but it is one to watch....
Recent CandleStick Analysis
Very Bullish
AGEL
Very Bullish
| Date | Candle |
| Sept-18-2009 | Homing Pigeon |
| Sept-17-2009 | Homing Pigeon |
| Sept-16-2009 | Homing Pigeon |
| Sept-16-2009 | Homing Pigeon |
| Sept-15-2009 | Homing Pigeon |
What is the "Homing Pigeon" in Chart Reading/Technical Analysis?
Here is the info from Wikipedia.....Bullish Homing Pigeon
What Does Bullish Homing Pigeon Mean?
A trend indicated by a large candlestick followed by a much smaller candlestick whose body is located within the vertical range of the larger candle's body. In both candlesticks, the stock price has to have closed down from the opening price. This pattern may indicate that there is a weakening of the current downward trend.
A trend indicated by a large candlestick followed by a much smaller candlestick whose body is located within the vertical range of the larger candle's body. In both candlesticks, the stock price has to have closed down from the opening price. This pattern may indicate that there is a weakening of the current downward trend.
Investopedia explains Bullish Homing Pigeon
If a bullish homing pigeon trend is seen in a chart it may be a good for traders to exit short positions and begin to enter into long positions. The worse the downward movement in the stock, the more likely a closing of a short position should be taken by a trader.
If a bullish homing pigeon trend is seen in a chart it may be a good for traders to exit short positions and begin to enter into long positions. The worse the downward movement in the stock, the more likely a closing of a short position should be taken by a trader.
------------------------------------------------------------------------------------
MY CONCLUSION:
So.....................this is one to watch, AGEL, to see if it is being accumulated.....and to see IF it will turn upward.
I'm outta here.....lookin' forward to Monday. :)
What a week......thru 9-17
Trading is a continual learning experience....and this week has been one of those. I am continually watching one stock, SPNG, which has amazing fundamentals -and- yet, the annual, audited report (which was due early in September) has NOT come out == Therefore, the stock has been slowly moving lower....and I have been buying on the dips.....which has decreased my "worth" around 33% from my "all time" high (see my ending statement below). The problem is that I haven't sold when the stock rose a few points, therefore, didn't take a small profit. If I had, I could have re-purchased shares once again at a lower price and kept the profit. As I have stated before, it is tough for me to "sell" sometimes.
So..................
Friday, 9-17-08, I bought another 10K shares at .08 (near it's low) -- and it closed at .102. That has brought me up to 90K shares. I thought about selling 10K at .102...however, after watching it move up most of the day in a slow methodical way, RSI strong, staying over it's 13Day average and keeping within the Bollinger Bands, I decided to HOLD once again. Will this be a right strategy and "pop" up?.....or will it tank down again?
IF IT DOES "POP," IT WILL BE A VERY PROFITABLE INVESTMENT :O)
IF IT TANKS, IT SHOULD BOTTOM AT THE SUPPORT AT .08....decision time, buy more?...sell?
It looks like a REVERSAL....bottomed out, and now SPNG is going to continue it's ascent:
Here is AmericanBulls take on it ----- 9-19-09:
------------------------------------------------------------------------
Things happening around SPNG:
* Waiting for the 10K, Annual Audited Report -and- "re-audited" 10K from 2008
* Since late on the 10K, SPNG has a symbol change of SPNGE, thus causing some to jump ship.
* Announced a 100-1 reverse split supposed to be happening on Sept. 22nd (but without the 10K, not
sure that will happen.) Usually reverse splits are a problem...however, in this case, it might just act the
opposite way (IMO), due to getting on the NASDAQ exchange and making SPNG available to larger
investors.
* Has had a ton of traders and investors involved, including quite a few "short traders," which I'm told are
potentially going to be in a short squeeze, which could make this stock "rocket" up....how high? No
one knows.
* SPNGE has been buying back shares, and promotes that they are...trying to reduce the float.
* Their products are selling, they are prolific marketers, and they have a unique, yet popular product
used by the masses = sponges. Also, the potential in the MEDICAL FIELD is enormous (IMO).
* All "un-audited" PR's -- show amazing sales, especially compared to 2008.
* I went into Bend's Costco......and the product is there :)....it is a real product in Costco's, RiteAids,
CVS, Walgreens and on and on. Walmart is supposed to be in the works!
BIG RISKS.......the investors don't trust it; and it tanks. Or, the management is mis-using the money and the audited reports show poor management....and the stock tanks. Or, they can't get the 10K out...and delay....delay....delay, stock tanks.
ASFX: 200K -- in at .008 Closed: .132 (Originally owned 300K, sold 100K)
IFSL: Sold all.....bought around .002; sold all between .008 and .01; watching to re-enter again....long term
potential.
LFBG: Watching....Walmart sales coming, great potential. (I like investing in "quality/feel good" companies
with potential...and this is one.)
AGEL: Own quite a few shares, sub-penny, wonderful spot in working in our struggling ecomomy....low cost
to buy in, may not move for a while--though some feel it will move by the end of Sept.
SNYJ: Environmental related company, management is strategically placed and solid (IMO), but not sure
when the news will come out. It is at it's low....and channels well. I own it.
XDSL: Stock I like to buy around .022, and sell at .025 or higher....seems to channel. If it actually makes
it's product, it should fly with contracts with the government. We'll see.
My worth (includes the $ 6900.00 took out to pay bills) is around $ 23,000.00 (Down around 33% from my "all time" high of $ 36,000.00)-- the last few weeks have been down weeks. I have found it very hard to work my business (been busy) and trade. ***I have missed selling when I should have to take profits; and doing the DD before investing, therefore, missing on some significant "buys." However, I believe I am well positioned for the upcoming week. We will see how this week goes..........
So..................
Friday, 9-17-08, I bought another 10K shares at .08 (near it's low) -- and it closed at .102. That has brought me up to 90K shares. I thought about selling 10K at .102...however, after watching it move up most of the day in a slow methodical way, RSI strong, staying over it's 13Day average and keeping within the Bollinger Bands, I decided to HOLD once again. Will this be a right strategy and "pop" up?.....or will it tank down again?
IF IT DOES "POP," IT WILL BE A VERY PROFITABLE INVESTMENT :O)
IF IT TANKS, IT SHOULD BOTTOM AT THE SUPPORT AT .08....decision time, buy more?...sell?
It looks like a REVERSAL....bottomed out, and now SPNG is going to continue it's ascent:
Here is AmericanBulls take on it ----- 9-19-09:
|
| ||||||
|     |
Today a White Candlestick was formed. This represents normal buying pressure. For more about this candlestick click here. The last two candlesticks formed a Bullish Engulfing Pattern . This is a bullish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation. |
Things happening around SPNG:
* Waiting for the 10K, Annual Audited Report -and- "re-audited" 10K from 2008
* Since late on the 10K, SPNG has a symbol change of SPNGE, thus causing some to jump ship.
* Announced a 100-1 reverse split supposed to be happening on Sept. 22nd (but without the 10K, not
sure that will happen.) Usually reverse splits are a problem...however, in this case, it might just act the
opposite way (IMO), due to getting on the NASDAQ exchange and making SPNG available to larger
investors.
* Has had a ton of traders and investors involved, including quite a few "short traders," which I'm told are
potentially going to be in a short squeeze, which could make this stock "rocket" up....how high? No
one knows.
* SPNGE has been buying back shares, and promotes that they are...trying to reduce the float.
* Their products are selling, they are prolific marketers, and they have a unique, yet popular product
used by the masses = sponges. Also, the potential in the MEDICAL FIELD is enormous (IMO).
* All "un-audited" PR's -- show amazing sales, especially compared to 2008.
* I went into Bend's Costco......and the product is there :)....it is a real product in Costco's, RiteAids,
CVS, Walgreens and on and on. Walmart is supposed to be in the works!
BIG RISKS.......the investors don't trust it; and it tanks. Or, the management is mis-using the money and the audited reports show poor management....and the stock tanks. Or, they can't get the 10K out...and delay....delay....delay, stock tanks.
OTHERS I'm in or following:
ASFX: 200K -- in at .008 Closed: .132 (Originally owned 300K, sold 100K)
IFSL: Sold all.....bought around .002; sold all between .008 and .01; watching to re-enter again....long term
potential.
LFBG: Watching....Walmart sales coming, great potential. (I like investing in "quality/feel good" companies
with potential...and this is one.)
AGEL: Own quite a few shares, sub-penny, wonderful spot in working in our struggling ecomomy....low cost
to buy in, may not move for a while--though some feel it will move by the end of Sept.
SNYJ: Environmental related company, management is strategically placed and solid (IMO), but not sure
when the news will come out. It is at it's low....and channels well. I own it.
XDSL: Stock I like to buy around .022, and sell at .025 or higher....seems to channel. If it actually makes
it's product, it should fly with contracts with the government. We'll see.
My worth (includes the $ 6900.00 took out to pay bills) is around $ 23,000.00 (Down around 33% from my "all time" high of $ 36,000.00)-- the last few weeks have been down weeks. I have found it very hard to work my business (been busy) and trade. ***I have missed selling when I should have to take profits; and doing the DD before investing, therefore, missing on some significant "buys." However, I believe I am well positioned for the upcoming week. We will see how this week goes..........
Friday, September 11, 2009
Down Week
Coming:
* Week's trading** Week's frustration - Trading during my "work/business" hours
*** Need to take capital out of the account for personal expenses/bills
**** Patience, patience, patience
***** Setting some goals for myself
****** Things I have been able to do since becoming a "trader."
******* Tax questions -- Trader vs. Investor
Saturday, September 5, 2009
"CORE" Trading VIDEO
Here is the "CORE" Trading Video. It is by the nationally known crazy TV personality, Cramer. He tells of a way of "trading" that includes owning "core" stocks and taking small profits which over time become larger profits. I found it informing....and entertaining :)
Click on this and learn---> CORE Trading Strategy Video
Worth watching a few times to catch all principles.
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