FrankoTrader

2009-12-28T19:28:00.000-08:00

Wow, been in a drought for a couple months, draining my account to live, invest in my business and help my young adults kiddos.

However, followed a few stocks, most were "duds" -- but found ZVTK, and saw it showing higher lows, & lower highs....pushing to a decision point. On Demand Balance = Great; RSI = UP; MACD = started to cross UP; Stochastics = Moved into positive; News coming = looked good; Product = Green and coming...
....so I sold my "duds" and bought ZVTK @ .0026 anticipating an upswing. Well today, 12-28-09 it closed at .014 UP over 420%. Sold some, so most of my investment is back....riding close to free shares. :)

Today: Been watching SKGO, saw it bounce up past .0016, bought at .0018 == Closed today @ .0039 UP over 100%.

Accumulating IDOI @ .0042 -- if it busts up over .0044, will buy more on 12-29-09.

Watched an excellent Video by Adam Mesh -- whom I took a class with in April, 2009:

http://www.adammesh.com/

(CLICK on Featured Video: Adam on Good Money)

Alright, let's keep learning........

4 Rules to Trading

2009-12-08T20:37:00.000-08:00

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.

10 Important Points to Trading

2009-10-28T06:42:00.001-07:00

Long Time, No Write

2009-10-18T18:43:00.000-07:00

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:

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:

ClayTrader's Chart **ASFX** 10-16-09

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 Forces

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.

AGEL

2009-09-20T19:01:00.000-07:00

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....

AGEL

Recent CandleStick Analysis
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.

<p>&amp;amp;amp;amp;lt;script language="JavaScript" type="text/javascript"&amp;amp;amp;amp;gt; document.write('&amp;amp;amp;amp;lt;a href="http://ads.forbes.com/RealMedia/ads/click_lx.ads/investopedia.com/trading/L24/1827295889/x85/OasDefault_v5/IP_FXCM_2009_300x30/InvestopediaHPTermoftheDay300x30.html/5174786748457132322b344142302b49?http://clk.atdmt.com/FXM/go/nvstaeng0040000857fxm/direct;wi.300;hi.30/01/" target="_blank"&amp;amp;amp;amp;gt;&amp;amp;amp;amp;lt;img src="http://view.atdmt.com/FXM/view/nvstaeng0040000857fxm/direct;wi.300;hi.30/011827295889/"/&amp;amp;amp;amp;gt;&amp;amp;amp;amp;lt;/a&amp;amp;amp;amp;gt;'); &amp;amp;amp;amp;lt;/script&amp;amp;amp;amp;gt;&amp;amp;amp;amp;lt;noscript&amp;amp;amp;amp;gt;&amp;amp;amp;amp;lt;a href="http://ads.forbes.com/RealMedia/ads/click_lx.ads/investopedia.com/trading/L24/1827295889/x85/OasDefault_v5/IP_FXCM_2009_300x30/InvestopediaHPTermoftheDay300x30.html/5174786748457132322b344142302b49?http://clk.atdmt.com/FXM/go/nvstaeng0040000857fxm/direct;wi.300;hi.30/01/" target="_blank"&amp;amp;amp;amp;gt;&amp;amp;amp;amp;lt;img border="0" src="http://view.atdmt.com/FXM/view/nvstaeng0040000857fxm/direct;wi.300;hi.30/011827295889/" /&amp;amp;amp;amp;gt;&amp;amp;amp;amp;lt;/a&amp;amp;amp;amp;gt;&amp;amp;amp;amp;lt;/noscript&amp;amp;amp;amp;gt;</p>

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.

------------------------------------------------------------------------------------

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

2009-09-20T09:36:00.000-07:00

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:

BUY-IF

0.1026
+0.0124	+13.75%

Candlestick Analysis

Today’s Candlestick Patterns:
White Candlestick
Bullish Engulfing

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..........

Down Week

2009-09-11T13:48:00.000-07:00

I haven't really recorded anything this week, due to my evenings being busy....and a short trading week (Tues.-Friday); and it was a "down" week. However, I believe I am set up well for next week. I'll recap my weeks journey this weekend.......

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

"CORE" Trading VIDEO

2009-09-05T10:10:00.001-07:00

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.

WEEK's Recap: 17% Gain

2009-09-04T21:57:00.000-07:00

Total Cash Balance (available to trade): $39.99
Total ScottTrade (stocks & cash) Account Balance: $24,219.99
Total Financial Balance (TFB) To-Date....
....including Withdrawals +$ 6900.00): $31,119.99
***********Weekly Gain +17% <--- NICE :) (Remember, last week, 31.8% gain)
-----------------------------------------------------------
OK, let's recap.....last couple of weeks, gained a total of just under 50%. :)
Not bad, huh! (Note: The two weeks before that I basically was static....no gain, slight loss.)
This is what we are looking for, not making money on every trade, but positioning oneself so that over time you can "earn" an income....and I say, "earn" because it takes work...
....learning the patterns, trends
....understanding our emotions, way we think, the reason "we" choose to buy & sell
.....being willing to "pull the trigger" and get in; and then, get out, when supposed to
.....remembering that "profit" is good, no matter how small it is
.....always learning, adjusting, removing the emotional trading
.....not listening to all the suggestive message boards, newsletters & friends; but
making a decision based on your very "own" DD (due diligence) and study
and understanding
....developing patience; learning from your mistakes; journaling & being
critical of your own ways
.....trusting the trends & patterns you find
.....not forgetting to consider the fundamentals of the company; but
trading on the short-term trend of the stock
I am still learning, and yet, believe that I am getting the way of trading.....creating my own trading style with keeping the principles of trading I am learning. Tomorrow, I will put into my Journal/Blog a video I found that shows a very successful man and how he has traded. I want to learn his way, because it is one of the most successful methods of trading.
============================================
Today's (9-4-09) Recap:
SPNG - 50K shares, added 10K this week -- this video explains why: SPNG VIDEO LINK-9/4/09 <---Click on this to find out why I'm really looking forward to the week after Labor Day. IFSL - Had set my STOP LIMIT in my head to .008; but since I am working, couldn't watch it all day and did not see it break the .008 support, I would have sold a number of my shares and repurchased them around .0065. However, didn't and IFSL closed around .0073. Still holding, one of my "CORE" stocks. (See tomorrow's video).

AGEL - Added to my shares, and if sell now will make just under $100.00. Still considered a HOLD with AmericanBullsAGEL ..... so I continue to hold and add here and there.

ASFX - Still considered a good company heading into the Flu Season.....went down, missed buying at it's low, but is coming back up......

SYNJ - Another "Core" company that channels up and down, from .0016 to .0040 and lately went down to .0018; ended day at .0021. We'll keep watching and if it drops to the .0016 level, may just add to my holdings, if have the reserves. However, it did move a bit up on Friday.

MODC, OPGX, SMWF -- All I am in, but not sure how long.....NOT RECOMMENDED.

Watching Carefully

2009-09-02T19:18:00.000-07:00

Total Cash Balance (available to trade): $4,135.00
Total ScottTrade (stocks & cash) Account Balance: $28,240.79
Total Financial Balance (TFB) To-Date....
....including Withdrawals (+$4400): $32,640.79
>DOWN 3.4% from Tuesday
--------------------------------------------------
Kinda one of those days when nothing moves that much.....so you just watch. IFSL is the one I'm keeping a close eye on....the charts tell me that it will continue down for a few days. (Of course, major news could reverse that.) -- so I watch. I have placed .0078 as my STOP LIMIT...might sell it all if it hits my STOP and still will make 370% on this sale.

AFSX looks like it is breaking up out of the Flag pattern...so I doubled my shares.

SYNJ is getting close to it's entry point, so I might double my shares soon.

Of course, SPNG, and yes, just hanging around for the 10K.....see if it is as good as we think or better.

******* And then the VERY interesting AGEL (see CHART from yesterday) --Interesting company who is good for the recession, as people without jobs, create a "small business." -- these people help them. Good for the entrepeneur. EVEN MORE, however, is the chart......click on the link below and see what Epic & Tec say about AGEL:

Epic Chart on AGEL--Click Here

This is their take on AGEL: "Could this be the next triple zero stock monsta? Word going around is a 10 bagger in the making." "Fighting big resistence here at .0004 and .0005....if that (pushes through this level) happens it will challenge .001 next." They see huge volume, upwards trend pushing, a bullish reversal and RSI strength. I have bought some....and we will see where it leads. :)

Found an excellent FREE video on "trading" that I will post this weekend!! Talks about CORE TRADING, which is trading around your "core" stock(s). This person was and is VERY successful in using this method...and it is pretty conservative. Posting his VIDEO this weekend....for our Labor Day Trading Moments. :)

"Take a Breather" Day, set-up for more upwards moves

2009-09-01T18:14:00.000-07:00

Total Cash Balance (available to trade): $5,087.49
Total ScottTrade (stocks & cash) Account Balance: $29,422.49
Total Financial Balance (TFB) To-Date....
....including Withdrawals (+$4400): $33,822.49
Down day -6.5% (OK, still up 30% for the week :)
------------------------------------------------------------------
Like I thought, it would be a down day today...usually after such a big run UP, stocks tend to drop. And, I took Davey's advise, and sold 1/2 of my shares of IFSL....for an excellent profit; and the IFSL then came back up almost into the penny universe again. I banked a good amount......while still holding quite a number of shares (Own 1Million shares @ -0- ave. price per share. :) Can't get much better than that. )

I now have just over $ 5000.00 in "cash" to use for "trading."

I have purchased a few more shares and added another stock to my holdings:

SPNG -- Added 10K shares @ .2149 -- believing that the 10K, when it comes out, will propel this stock upward. With the additional shares, I own a Total of 50K shares = .043 ave. price per share. Not a bad risk, I might say, though I'm reading that the 10K may not be out until after labor day. Will be interesting....and if it goes down to the support level of .15, I may add more shares.
(See www.hotstockchat.com for more info on SPNG)

Added to ASFX, stock chart looks good, see below.....and might be breaking out. Own 100K shares @ .009 ave.

SEE CHART ABOVE, RIGHT SIDE: AGEL (Not recommending) is an interesting MOMO play, just beginning to break out and UPWARD. Recommended by TecNasty.com -- whom are pretty conservative, and big into taking profits. They believe it a 10 Bagger (which means it could go up 1000%, which would be quite nice.) I now own 2Million shares @ .0004/share. Will watch close the next few days.

ASFX Watch

2009-09-01T08:30:00.001-07:00

ASFX chart watch.....looks like a "flag" is forming on the pole, if ASFX breaks above .008...the pressure is to go UP; if it breaks downward out of the flag....pressure pushing it down.
Let's see what happens.....if goes above .008, I will be purchasing some shares.
It is also important to watch the volume, which is low right now....if it pushes up past .008 and Up volume rises....that would be bullish.
MACD turning upwards would increase the bullish strength, so watching that also.
Fundamentally, this company has products that are very relevant for the flu season & has priority sales of some. Interesting.....
ONE MORE NOTE: ASFX could also stretch out and channel for a while, as SPNG did....so will be watching this also.
GOAL: To make a decision about buying based on "what the stock does, NOT what we think it will do." Patience & discipline are essential!!!

Took more profit from IFSL today......watching it steady.

36% one day increase - nice :)

2009-09-01T06:25:00.000-07:00

Total Cash Balance (available to trade): $3,435.56
Total ScottTrade (stocks & cash) Account Balance: $31,785.56
Total Financial Balance (TFB) To-Date....
....including Withdrawals (+$4400): $36,185.56
UP 36% from Friday (one day gain)------------------------------------------------
** New High **
These are the days the "trader" lives for. :)
------------------------------------
Probably a breather day tomorrow....Tuesday. I am expecting my stocks to take a breather from Monday and close lower. IFSL (see chart above) has had 9 straight days UP, and I have taken out all the money I put into it. This money will be available to trade by Thursday. SPNG is waiting for the 10-K to come out, thought it might be yesterday....but now, reading that it should be by 9-6-09. Probably will be channeling til then, but maybe up. :) ASFX I still like, it is a good stock going into the winter months fundamentally...and setting up for a move up, IMO. SYNJ is just a rocket waiting for the launch, IMHO. Fits right into our Green Economy and has the powerful people behind it, one good PR and Ka-boom.
Remember, these are MY OPINIONS only......if any person invests in these, make sure they decide ON THEIR OWN. DO NOT TAKE ANYONE'S WORD....ULTIMATELY IT IS EACH PERSON THAT IS RESPONSIBLE FOR HIS/HER OWN MONEY AND INVESTING. ONE MUST DO THE WORK!

Amazing 31.8% Gain Week :)

2009-08-28T20:56:00.000-07:00

Total Cash Balance (available to trade): $47.00
Total ScottTrade (stocks & cash) Account Balance: $22,175.25
Total Financial Balance (TFB) To-Date....
....including Withdrawals (+$4400):
$ 26,575.25 /
UP 5.4% from yesterday -- ------------------------------------------------

Weekly gain (8-24thru8-28):
+ $6,416.84
= +31.8% GAIN
Gotta love this :) ** New High **

Alright, back on track after two mediocre and frustrating weeks of trading. (Sat around $19K to $20K for two weeks.) Last week I missed five (5) great trades, especially some excellent MOMO (momentum) trades. HOWEVER, I have positioned myself in a couple of stocks that are performing well; and the trend and charting supports this.
SPNG - One of my favorites, which I have zero (-0-) money in because I sold most (still own 40K) of my shares earlier when the stock went up, and now....it is back to trending up due to the 10-K coming out this weekend or early next week. If it confirms it's PR's, than "off to the roses" we go. (Converse is true, if it doesn't show support to the PR's, it could crash.) Monday watch carefully.
IFSL - Eight (8) straight days of closing higher than the day before.....wow. And, unlike an earlier stock I was in that did that, this one is moving up in small increments. Each time it moves up, it builds a base.....which is now .005 (1/2 penny). IFSL is such a good recession company, and had meetings today....and PR's next week we should see. Really good news could rocket.
ASFX, SYNJ -- Two more nice ones waiting for the "good news" to arrive.....IMHO...should move up considerable in September.
My others are on the trading table......might sell OPGX, SMWF, MODC -- for I have little cash into them, though they could surprise me. I did enter them wrongly, so next week, big evaluation of their status.
PRINCIPLE: PATIENCE......combining fundamentals & trend trading!!!

FREE Trading Seminar * August 29th, 10amPST

2009-08-27T17:00:00.000-07:00

Click on the link below (adammesh.com) for the Training....it's great!!!

-----> www.adammesh.com/REV

10amPST, Saturday, Aug. 29th

In the Right Stocks :)

2009-08-27T14:53:00.000-07:00

Total Cash Balance (available to trade): $47.00
Total ScottTrade (stocks & cash) Account Balance: $20,792.25
Total Financial Balance (TFB) To-Date....
....including Withdrawals (+$4400): $ 25,192.25.25 / UP 7% from yesterday -- *** New HIGH !!!!

CASH MANAGEMENT Article -- READ OVER & OVER & OVER

2009-08-27T14:17:00.000-07:00

This is a very excellent article from the Tecnasty.com website....Remember, "profit" is what we are after.....which means, "cash management" is a key. This method works, yet, as they say in the aritcle, it isn't easy. That's why I look as having a student mind-set; and a business owner perspective. Learn always and view this as your small business!

Cash Management...by Epic & Tec
Understanding your money and available cash is one of the most important skills a TecTrader can master. First off "ALL IN" is all wrong. When you put all your money in one play you expose yourself to self destruction and complete loss. We think you should be spread over several plays with entry and exit points for each.

Lets take a $1,000 bank roll for example you should be playing at least 2 plays with that and have 20% in reserve for MOMO (momentum) plays. Penny stocks move fast and having funds available for a watch list play that moves into position is key to being in the right place at the right time.

Next as always if you drain your reserve you have to exit another play to refill the reserve. This should be easy if you are taking profit like we always say. A small gain is always better than a huge loss.

Now you might say Why break my funds up? The answer is simple. Trading with charts is great but not a 100% correct all the time. YOU NEED A GAME PLAN. This is where money management comes in. Lets say you grabbed 3 stocks on Monday and in a couple of days its time to exit 1 the other two are flat. You popped 40% on the first lost 20% on the 2nd and are even on the 3rd. You can now exit all 3 with 20% net profit and you still have your reserve on hand to make a move if need be.

How powerful is this concept in the example above with a $1000 bank roll to start. We talked about a 20% reserve capitol for MOMO (momentum) plays. That gives us $800 cash to make plays with. If we added nothing to our cash flow we are still putting $160 a week in reserve. Thats over $8,000 a year and your not exposed. Now we take gains and put them back in the market and we add to a our bank roll all the time but everyone is different in that respect. It doesn't matter how you handle your gains as long as you take them and stay with a game plan.

It sounds easy but its not. It take practice to rotate your cash flow in and out of trades. It takes vision to fill reserve tanks quickly. Remember when you sell a stock the funds may not be available the next day so learn your brokerage house rules on settled trades.

Look guys if this was easy everyone would do it. It takes a lots to battle the boards everyday and win every week. One trade wont make or break you if you have a plan and clear vision of where you want to be.
----------------------------------------------------------------------

Patience, Patience, Patience!!!

2009-08-26T18:29:00.000-07:00

Total Cash Balance (available to trade): $47.00
Total ScottTrade (stocks & cash) Account Balance: $19,108.25
Total Financial Balance (TFB) To-Date....
....including Withdrawals (+$4400): $ 23,508.25 / UP days. --- *** New HIGH !!!!
--------------------------------------------------------------
The word for the week is....Patience, Patience, Patience.....I have read the charts, watched the stocks closely, heard the news......and believe I am in some solid stocks. (See yesterday's comments.)
Principle: Know your stocks that you trade well. When they are in that uptrend, get in. I have been watching ASPX since it fell, and good news came out today, I'm back in.....for only 40K, not 400K as before. I am expecting it to rise tomorrow as the news spreads.
SYNJ is my interesting watch for tomorrow.....I am expecting this to have some significant news come out, and therefore rocket up. (However, remember, this is ONLY MY HOPE!!! -- it could go south. DON'T BUY JUST BECAUSE I AM IN, Do your own DD.) Why do I expect this?....the Golden Cross I had talked about a while ago.....similar set up like ASPX, which rocketed up 757%. BUT WE WILL SEE....it might not be tomorrow, but I still believe it is setting up to fly. I'm holding.
IFSL -- keeps banging it's head on the .0041-42 levels....these are new highs. Will it get a head ache and move downward, or pop through and continue upward. MACD seems to be giving it that push upward, but we'll see. :) News seems to indicate a VERY profitable company geared toward people of the recession.
SPNG, well what can I say??????? It's doing EXACTLY what I have been expecting, the closer we get to the 10-K it will continue to slide upward. If the 10-K is amazing, confirming all the PR's, ka-boooooom....blast off up. If it is not absolutely wonderful, we could see a short-term drop.....gotta be ready. :) Either way, right now.....SPNG is launching up and up.
Click here ---> www.stockcharts.com/SPNG and see for yourself, note the MACD and the growing UP volume !!!!!!!! :)
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Working on a pattern for investing that always gives me money in my account to invest......like $ 1000.00/day...which means one keeps $ 5000.00 of cash continually in one's account. Then, when an opportunity comes, I can jump in immediately. Still thinking through this, but will journal what I am going to do AND how I do in applying it.
That's all folks!!!!
TOMORROW: TecTrader Money Management Concepts -- Great stuff...watch for it.

REAPING the HOLDS, so far, so good this week.

2009-08-25T19:34:00.000-07:00

Haven't written since Thursday, and it is now Tuesday evening. Monday & Tuesday have given me gains of over $1000.00 each day.....which has been nice, making up for the last few weeks. I have been holding these stocks for a while....knowing that the end of August will be producing financials, which could propel each of these stocks upward. And that is what I'm seeing the first two days of the week....and I hope it will continue. (By holding these, I have missed some very good trades....no money to invest with since most was already in these stocks.--see the past weeks comments. I missed over a 1000% rise in JEDM last week, yuk!)

PRINCIPLE: In the way I trade, I don't expect to make money every trade, or day or week, but I do expect to make a profit each month. Sometimes, it all comes in a few days, and other times, within a week. Patience is necessary....and sticking to your plan, no matter what. Slightly changing things......as you learn better ways, or more about yourself and how you respond to various trading scenarios and pressures.

Stocks I own ( see Thursday, 8-20-09 for more details ):
IFSL--saw the "pennant" form, bring upwards, and it has gained.....
SPNG--sideways channel, with financials coming to confirm pr's, and today, broke above channel...
MODC-might be a mistake in investing, will hold a few more days if it stays around where it's at, waiting for news
NVDA--held, moved stop up, when it came down, sold on it's own....small profit. :)
SYNJ--interesting stock, holding, may add to shares....8-27 is my target date for good news, but we'll see. It does like to drop to .16 level, and move up, it is a good trading stock, it seems.

Stock, I don't own, but might buy some tomorrow, is PGCR....been in a channel for a long time, and just starting to rise. Might be a good time to buy some. NOT RECOMMENDING IT - not what I do, but sharing what I see and hear.
Also, watching JEDM again, went from .013 to .28 on Friday, 8-21 -- has dropped back to .13 today....and may drop more, even back to single digits, aka SPNG....and labor there for a while...I might pick up some when it drops, due to the potential future of this company with it's games and medical division..
OK, tomorrow, I will give my normal report on my "worth," the details of my trading account.

UPDATE.....Up Yeah :)

2009-08-20T21:42:00.000-07:00

Hey, wow, I needed today, up over $ 700.00 from yesterday.
A bit of healing, I suppose. :)
Report:
**SYNJ -- Compared to another stock that went up quite a bit, I'm predicting (for fun) that 8/27 will be lift off date. Note: Americanbulls.com says the SYNJ is now a BUY-IF. I'm holding.

Also, IFSL has developed a Pennant (see StockCharts.com, Gallery View-daily). It has pushed through the UP SIDE of the pennant, and we could see some significant upward movement. A stock "buy-back" program just started, and it is slowing lifting the stock. I'm holding.

SPNG, has been in an extended sideways pattern, which some say is Consolidation. All are waiting for the actual 10K, Annual Report to come out to see IF SPNG is actually making a profit, or is it just spending it's money on marketing and barely hanging on. Prolific PR's about pulling in the bucks, but is it "profitable?" We should see by the end of August...just over a week away. I'm holding. (Some are predicting a similar rise in the stock to .70, as it did when it went from .005 to .28 - but we'll see. :)

MODC (which I bought in place of ASFX....oh tear drop), had news out that it was shipping it's first major unit on August 15th. No PR since then.....so price has dropped, BUT if news comes out, this could be a major jumper. I'm holding.

NVDA -- my over $10 stock -- bought 80 shares. It closed today at $13.70. Brought my stop up to $ 13.37, just below the place it seemed to sit on for a while, a support. This is my trade using the AdamMesh.com principles. This trade will sell itself, when it hits my STOP, which, if the stock moves up, I will move my stop up again.

My lotto pick, SMWF......very low priced sub-penny, not recommended --- but I do own a few shares.

Oh, PS, ASFX did open up 50%...and then dove......fast up, fast down.....just wished I had been on the ride up. :)

That's all folks, I am tired.....

Frustration Moment

2009-08-19T20:19:00.000-07:00

I cannot tell you how frustrated I felt today.....I had invested in ASFX, 400K and on 8-17 (just over a day ago), sold it because some negative news came out, and it was trending slowly downward.
Well......today, it went UP 757%....and it could continue to climb tomorrow.

What happened?....they came out with ***news*** of a proprietory FDA approved device which prompted much buying. I watched it go up.....and up.....and up.....and up....and got more frustrated. Wow....the emotions were big.

Lessons: (1) There are more of these investments out there like this, though rare; (2) Sometimes you just have to wait, if you believe in the stock; (3) Have money available to invest at ALL times (I wanted to buy in at .0035, but had already invested my money...and it closed today at .012. If I had bought in at .0035 I would still have had a healthy gain. (4) Gotta let this frustration go and move on. :)
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OK....moving on, it is interesting to note that SYNJ has some similar "charting" patterns as ASFX -- the Golden Cross. Though I don't expect SYNJ to move up as much as ASFX, it just might take the elevator up a few floors. I'm holding.

Also, IFSL has developed a Pennant (see StockCharts.com, Gallery View-daily). It is pushing the UP SIDE of the pennant, and if it pushes through, we could see some significant upward movement. I'm holding.

SPNG, has been in an extended sideways pattern, which some say is Consolidation. All are waiting for the actual 10K, Annual Report to come out to see IF SPNG is actually making a profit, or is it just spending it's money on marketing and barely hanging on. Prolific PR's about pulling in the bucks, but is it "profitable?" We should see by the end of August...just over a week away. I'm holding.

MODC (which I bought in place of ASFX....oh tear drop), had news out that it was shipping it's first major unit on August 15th. No PR since then.....so price has dropped, BUT if news comes out, this could be a major jumper. I'm holding.

NVDA -- my over $10 stock -- bought 80 shares, have broke even so far, stop is at $ 13.01. After meeting with an interested student on trading, I decided to put part of my money into the AdamMesh.com trades, which need to be over $ 10. This trade will sell itself, when it hits my STOP, which, if the stock moves up, I will move my stop up.

OK, there ya have it.......and a big thanks to my trading friend, Davey, who allowed me to vent today about AFSX. You're a good man, my friend. Which brings me to a "principle" to end this day......FIND SOMEONE YOU CAN TALK TO ABOUT YOUR TRADING....they can see some of your flaws, places that prevent you from trading successfully. This has been true about Davey, he has challenged me numerous times to "take the profit, to sell" -- which is my challenge. If I was on my own, no discussion, conversation about "trading," I probably wouldn't have seen the mistakes I make. OK, point made......listen to those you trust who know you. And in everything about trading, be stinkin' honest. Jesus said, "The truth will set you free." -- and that is true in life, and it is true in "trading," too.

In with MODC, out with OPGX

2009-08-17T08:29:00.001-07:00

Monday a.m., OPGX hit my Stop, sold @ .0007 for a small loss.

(****REMEMBER: I am NOT recommending anyone to buy these stocks, this is a record for myself to be able to journal, to evaluate my trading decisions.****)

MODC, new purchase, buying today @ .0011 -- 500K and am looking at another 500K at .001 if it hits. My STOP LIMIT is .0008.
Interesting green stock, an earlier PR stated they are going to ship their first units on 8-15; and if you go to their website, other PR's coming out on the future guidance.*
*GUIDANCE = "estimating a company's future earnings." --- when a company comes out with guidance and it is very positive, then it gives investors a feeling of confidence and they continue to believe and, in turn, invest in the company's stock.
I am looking for very positive "guidance," and when the PR comes out, I'm looking for a immediate gain. This is the "fundamental" side of this trade.

Link:
MODC Statement of upcoming "Guidance"

Now the "technical side" of this trade:
MODC "Charts" are in an uptrend, though struggling at the moment. 2 days closed up, today could be the 3rd. (If closes with another "up" day, that would be very bullish.) RSI has moved up and On Balance, MACD all positive.
Kinks in the armor is today's volume (which could radically change is PR comes out); and Money Flow...seems to be a bit high.
Well..........it's 8:45amPST, and let's see what the day will bring.

Mid-Range & Short-Term Trading

2009-08-16T20:16:00.000-07:00

Total Cash Balance (available to trade): $ 59.44
Total ScottTrade (stocks & cash) Account Balance: $14,758.41
Total Financial Balance (TFB) To-Date....
....including Withdrawals (+$5400): $ 20,158.41/ Down week. Not much trading.
___________________________________________________________
OPGX report -- Bought, and it did not travel up, however, it didn't go below the .0006 level, which is my STOP and support level. Held all day, Friday, and we'll watch it Monday.

I've had a couple of slightly "down" weeks....and one reason was because I don't have the capital to trade (because I am vested in my existing stocks). My thought is that once I can free up $1000 to trade, I will keep that money in a short term trading account. I have missed 4 excellent trades this past week......due to lack of funds. Trying to have a mid-range account AND a short term trading account.

Living and learning still.

Pre-Trade Perspective: OPGX

2009-08-13T19:53:00.000-07:00

Something new.....I am going to put on my blog the stock I am going to trade the next day, IF I find one. I believe I will have some trading dollars tomorrow, which I haven't had most of the week due to my adding to my existing stock. So....it is 7:56pm, Thursday, 8-13-09....and here's my Friday trade:
*********** OPGX (.001) **NOT A RECOMMENDATION !!!!!!!! ** JUST FOR ME - IT COULD TANK.
Why OPGX? Scottrade Charts.....show bullish, "on balance", "MACD", "Money Flow", and the stock is in the range of the Bollinger Band...trending up. (Glitch: RSI, fallen below overbought, which could be actually be good.) Also, the 5 day charts shows the stock trending up, though needs to break up above .0011 and then the next resistence, .0015.
AmericanBulls.com......Buy-IF, signal....American Bulls gives a signal for each stock; the BUY-IF, means that there are 3 confirmations to the BUY signal. Go to the site, and put OPGX in and you will read. This, on it's own, is not a fully reliable site.....but it helps. :)
BarCharts.com....."Short Term Indicators Average: 80% - Buy" -- for tomorrow (short term) is what I am looking for. Another positive signal, though 100% Buy is the best.
Stockcharts.com....shows a reversal took place, up volume decent (though could be better), and the 50 day is turning up, beginning to move toward the 200 day (maybe a cross in the near future) -- Golden Cross.
------------------------------
So, I only have a $500.00 to trade with, so I'm going to put in a buy in the morning....and we'll see what happens. If it gaps up high, I will wait for a half hour and see if it fills the gap down and then BUY; if it stays were it is, I will BUY right away. If it tanks, I will sell....however, I will give it a small area to drop a bit.....my mental stop....and if it drops below that, I will sell.
STOPS: Just below either - low of day, previous close or opening price.
My portfolio:
IFSL 2,000,000 shares
SPNG 40,000 shares
SYNJ 1,000,000 shares
ASFX 400,000 shares
SMWF 1,000,000 shares
OK...........................................that's it for the nite.............. :)

Make Sure You Have Trading $$$ Available

2009-08-12T11:46:00.000-07:00

Big Lesson: In "trading," one needs capital to trade. If no $$$ is available, one can miss opportunities. Here is one.....this morning as I cruised through the potential trades, I discovered LDSR @ .0062. It was suggested by one of the newsletters. As I did my DD on it, I found it to meet "all" my criteria...and as I watched it, it suddently broke above yesterday's high. The trend was set --- it was moving higher!
I put in my buy at. .0065 to make sure I got it, and boom......the news came back that I did not have sufficient funds. Wow, I forgot that I had purchased more of another stock the day before, and had not replaced my capital by selling another.
Therefore, I had no money. Oh well, I said, I'll just have to wait til tomorrow......
Guess what.....at 11:55am PST, LDSR has risen to .0092 (up almost 50%).
Funny, I was sitting with a couple of trading friends yesterday, and I admitted to them that I had little available cash in my account; and that I had missed 3 good trades last week....due to waiting to buy. This time, I jumped right in, BUT....no money available to buy.
So.................gotta keep those ducks in line, so that when the time comes....you can just do it.

Anyway, though I am frustrated about missing this, it is good to remember that these opportunities will continue to come -- I just gotta be ready & have the resources to move in.

Limit Buys & Sells

2009-08-10T18:09:00.000-07:00

Total Cash Balance (available to trade): $ 90.99
Total ScottTrade (stocks & cash) Account Balance: $15,274.99
Total Financial Balance (TFB) To-Date....
....including Withdrawals (+$5900): $ 21,174.99 / Today, Monday 8/10 --> Down 0.02%
******** see 8/4 blog to help understand numbers above.

Static day, not much trading, have decided to increase shares in already owned "stocks," due to upcoming *news* releases, 10K (annual) reports and such.
??**** How did I add to my share total ****??
---->Well, I looked at where the stock dips now and then, and put a "limit buy" in, and when the stock went down to that level, I bought the shares.
What is a "limit buy?" It is the "highest" price you will buy a stock for. If the price of the stock is "above" your limit price, then you will not purchase its shares. Only when it crosses down to or below your "limit price." If you don't place a "limit" order, you are automatically placing a "market" order, which means you will buy at the price it is "on the market." (Which can change radically is the stock price is falling fast.) So, you can see that there are advantages in using the "limit buy." There is also a "limit sell." --- which works the other way, if the price of the stock falls to the "limit sell," it attempts to sell. Many use this as a protection policy, a stop....just in case the stock is falling too far.
Taking the above in consideration, you find the goal is to "limit" your losses, and maximize your gains. These "limit" buys and sells help one do just that. They also help to reduce the effect of emotional decision making.
So.....I'm excited to see what my stocks will be doing tomorrow. One thing I like, I love getting up in the morning and working this business. :)

WEEKLY REVIEW: Flat Week.....Science & Art Lessons

2009-08-09T20:31:00.000-07:00

Total Money Balance (available to trade): $3,162.40
Total ScottTrade Account Balance: $17,391.24
Total Financial Balance (TFB) To-Date....
....including Withdrawals ($3900): $ 21,292.4o / Today, Friday 8/7 --> Down 0.5%
******** see 8/4 blog to help understand numbers above.

Weekly review, Last 5 days: Down 1.1%
July (from 7-16, first blog) review: Up 58.2%

Last week was an interesting week, I was very distracted by my moving into my new place.....yes, my "trading" has given me an opportunity to move out of my office, and into my first place since 1999. Ahhhh, what a life I live. Anyway, due to many personnel issues at work, and the move, I missed 3 key opportunities to trade......all went up over 50%. So, a slightly down week (1.1% down).

These are the stocks I'm watching for Monday:
Reason to watch:
SYNJ News in works, would love to add to my holdings, watching for a dip
ASFX Golden Cross, MACD starting to cross up become "bullish", Swine Flu news --
channeling and may be ready to break up.
SPNG News, News, News.....sales, sales, sales, buying on dips, 10K by Aug. 31

Most talked stock in newsletters I receive is EVII -- Electric Cars. Stock is around $1.50....this just might propel it up for a bit.

I remember from my past, a professor once said that "public speaking" is a science & an art. There are rules (science) that need to be understood; but it takes the human element (art) to make it effective. I guess that's the same, I am learning with "trading." You need to learn the rules (science)....how a stock works (trends, charts, volume, MACD, RFI, Money Flow, tops & bottoms. etc.....) ! HOWEVER, it is in the "art" that one learns how to apply these rules.....AND you have to learn about "yourself" and how you handle disappointment, are you disciplined, are you greedy, are you able to be patient, can you do the DD before you invest and ignore that "gut" feeling that you should buy now, and what is your "risk-taking" ratio? Becoming a trader takes practice, small....with small losses.

For me, I fight my "optimism" - which keeps me in a stock way longer than I should be because I believe in it, and believe it will continue to march upward. NOT! I am learning that one needs to sell into "good news" and take profit.

OK, a new week is a coming........

Gathering the "Potential" Trades

2009-08-08T16:02:00.000-07:00

I have learned that (1) everyone has an opinion; (2) not everyone's opinion is right; (3) opinions do lead to "stock" trading ideas; (4) one must study the "stock" and make sure it meets your criteria to trade; (5) and when it does, trade it.
So, how do I find these "stock" trading ideas.....mostly from online newsletters. As in fishing, I troll for company's to trade. And when I hook one, I pull it up and see if it qualifies for a keeper....if it meets the criteria, I will trade it. If it does NOT meet the criteria, I throw it back.

Here are some of my favorite online newsletters....I have signed up for their "email" newsletters:
Tecnasty.com
Otcpicks.com
Coolpennystocks.com
Hotstockchat.com
They each email me ideas for stock trades. Once again, I cannot say it too many times, but these are just IDEAS.....you MUST study them, make sure they meet your criteria, and if they don't......throw 'em back. I have found that is is so important to look at this as a business, not a poker game. There are plenty of these out there.....find them, sign up with them, don't just do what they say, but check out their suggestions.....and ONLY trade when they meet your criteria (have I said this enough, yet?)!

Here's tecnasty's wonderful "business" philosophy --

TAKE YOUR PROFIT
TRADE THE CHARTS
REMOVE EMOTION FROM YOUR TRADING
DON'T MARRY THE STOCKS YOU TRADE
DON'T CHASE A RUNNING STOCK
----> (opinions) ASK FOR THOUGHTS THEY CAN'T HURT
DON'T BELIEVE THE HYPE
SET YOUR ENTRY AND YOUR EXIT
PROTECT YOURSELF SET A STOP LOSS
MAKE A CHOICE AND STICK TO IT

OK, that's it til next time.

2009-08-07T07:33:00.000-07:00

6:55am -- Good morning! Kinda a different approach today, reporting in the morning....while I'm trading. As for yesterday, it was a down day, back down 2.8%. I seem to be in a rut.....up and down. However, I like the stocks I'm in and how they are setting up to advance, IMO.
<--For instance, the chart to the left is for SYNJ (presently .0033), which I have kept adding to and now own 800K shares. What I have learned is the term, "Golden Cross." ....which stands for the movement of the 50 day (blue line) which "crosses" up past the 200 day (red line). According to chart professors, it means a "bullish" strength (even long term) to a stock. Therefore, I look for pullbacks while it rises and plan to buy more shares until I own 1Mil. If it rises quickly, I will sell some shares, and then if it drops again, buy them back. As you can tell, this is a good stock for a trading strategy, IMO. (You can get this chart and many others at www.stockcharts.com.)

Added: 100K of ASFX, channeling stock. This one I may add more as the days go back, little downside IMO, and plenty of upside potential. The only issue is if it stays in the channel for a long time. Only the stock will tell.

ALSO ----> I did say I would comment how I uncover potential stocks. This is going to be my discussion this weekend, so hang in there. :) Also, a repeat lesson, I still am learning over and over: trust the charts, not my gut feeling. Should be fun to reflect, and hopefully, learn for myself again....and if anyone else gleans anything, cool.

Alright, back to the market.......Fridays, I have found, are not big trading days....not much news comes out, but you never know...got keep alert.

Day of Selling !!!

2009-08-05T14:01:00.000-07:00

Total Money Balance (available to trade): $3,673.70
Total ScottTrade Account Balance: $18,033.70
Total Financial Balance (TFB) To-Date....
....including Withdrawals: $ 21,933.70 / Today 8/5 --> Up 2.8%
******** see 8/4 blog to help understand numbers above.
-------------------------------------------------------------------------
What a day, since I needed some finances for rent and other items, I ended up selling stock today. My TFB went back up to just below my all-time blog high.....maybe tomorrow I will grow again.
Actions -------------------------------------------------
Sold all (200K) my GDSM around .007 (bought at .0023), good profit. Was going to sell some ISFL, but the charts told me that GDSM was dropping and should continue to for the week. Closed at .0065. So, went with the GDSM....and looks like I made the right decision.
Sold all my LGTT, was slowly moving downward over the past month....lost a few hundred dollars.
Sold all my OSPY, which I bought into too early, believing the "pr" instead of the "charts." Lost a hundred.
Still holding: IFSL, SYNJ & SPNG....which accounts for most of my Account Balance.
Still holding: SMWF, which is a wild card and only have $200.00 invested in it.

*Big Non-Event of the week, I checked on EREI on Sunday, and all the charts said, GO!!!! I didn't have much to invest, but I could have bought 25K shares, which would have cost me, $ 360.00. It would be worth today, $ 690.00, Up 92% in 3 days. Once again, the lesson to be learned, when the stock MEETS ALL THE CRITERIA......invest. Of course, the converse (ie. OPSY trade) is true, too.....when the stock DOES NOT MEET ALL THE CRITERIA....only watch it.
NOTE: Many more opportunities out there, and they will always be out there. Missed one, work to uncover another.
QUESTION: Where do I uncover them????? Tomorrow's blog I will talk about that.

Important RULES: Journal Don't Chase a Stock Up ** Paper Trade at First

2009-08-04T20:55:00.000-07:00

Total Money Balance (available to trade): $874.55
Total ScottTrade Account Balance: $17,737.55
Total Financial Balance To-Date....
....including Withdrawals: $ 21,337.55 / Today 8/4 --> DOWN 2.8%
I am attempting to make the above information a little more understandable.
****For instance, today I took out of my acount $ 1800.00 to pay some bills, and so the Total Account Balance of my Scottrade Trading Account fell to $ 17,737.55 remaining, of which $ 874.55 is in cash available for me to use to trade.
My "Total Financial Balance" will reflect and include all money I take out of the account, thus showing what I have up to the present date.
The percentage (DOWN 2.8%) will reflect how my Total Financial Balance did on "one" day, "this" day.
Hope this all makes sense...but it's for me to evaluate my trading, so that I can improve.

VERY IMPORTANT *RULE #1: Journal your trades, and be very critical of how you trade. Always attempt to be able state the "reason" you are buying a stock. If you can't explain it, and just feel like it is a good buy.....be ready to lose your investment. "Feeling good" about a stock purchase is like running onto a battle field with no weapon.....you are gonna die. And in the stock trading world, you are going to become broke. Make sure your trade meets your criteria completely... "emotions" want to rule your choice-making, and yet that is the MOST dangerous way to trade. Feels good, hurts.
I suggest taking a class, as I have, and Adam Mesh's company is excellent - click on www.adammesh.com for more information.
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Today.....watched my big four, SYNJ, SPNG, GDSM, IFSL. Tomorrow, due to some needs, I am cashing in some stock.....not sure which stock, but some. Tough decision, because I like where all are, however, IFSL seems most set to stay in this trading range for a while. I will watch it tomorrow and try to sell some at it's highest level...if it begins to fall, I may sell some quickly. One reason I feel good about selling it is my average share purchase is .0012 and the stock is at .0023 (almost 100% profit from what I bought it from -- not bad).
I also sold some of my stocks that have been sitting there doing nothing for a month, sold all PBHM & LLEG, lost money on them both, but not much -- and now their cash is available to trade again, hopefully something that rises.
There are many opportunities, and I missed again another I was set to buy, EREI, .0145 -- which rose to over .023 today. Why did I miss it? Everything was set up, it hit all my criterias, but I didn't trust it and I waited and it went up.
**RULE #2: Beware of "chasing" a stock up, trying to buy it after missing it.....many chase a stock up and up and up, and then bingo, they buy in only to find it was the "top," and now.....down it comes. Best to set your buy, and go for it....and if you get it, great; if not, look for another.

OK, enough hot air for the night.......trading starts at 6:30am. (One thing about stocks, there are inexhaustible numbers of them and opportunities. ***RULE #3... "Practice paper trading" with no money and journal your trading, and you will see what type of trader you are. Make adjustments til you do make money....and then, start trading with a small amount.)

Thank you, Lord, for being able to "trade"

2009-08-03T22:49:00.000-07:00

Total Money Balance: $2,593.13
Total Account Balance: $2o,142.02 :) 8-3
Total Financial Balance To-Date....
....including Withdrawals: $ 21,942.02 ** New High ** again!
This is the week I move into my little one bedroom "apartment" Yahoooo. It's been a long time since I have had my own "space." And it is because of this trading that I have the means to do this. I also have the "means" to help others, and that is just plain fun and rewarding, and I believe, causes my Lord to smile....for I thank God every day that I can use my brain and instincts to grow finances to bless others. I love it.
As for trading today, I basically watched --- for I needed my money for my first payments for my apartment. Tomorrow, my money balance will drop as I pay out of it for the apartment. In order to trade, I will need to sell some of my stock...or just trade little bites of shares.

Nothing more to say, except I'm watching for tomorrow morning as I once again check into the stock market.

July Report (since first blog, 7-16) Up 59%+

2009-07-31T20:21:00.000-07:00

Total Money Balance: $2,479.58
Total Account Balance: $19,739.58 :) 7-31
Total Financial Balance To-Date....
....including Withdrawals: $ 21,539.58 ** New High ** barely :)

Weekly review, 5 days: Up only 2.3%
July (from 7-16, first blog) review: Up 59.4%

This week missed two really good opportunities, (1) because I didn't enter the "buy" though I planned on it; and (2) I woke up late today, and when I looked at the stock (AMNE), it was already up 55% -- gotta be right on it most mornings (stock trading starts at 6:30 am PST, M-F....and you have to be prepared).

I did sell some stocks, which were just sitting in my account and added to my Money Balance a bit.

*I am basically trading three stocks: IFSL, SYNJ and GSDMat this time.
**I am holding 40K of SPNG for long-term gain (I hope)....all the press releases are great. We are waiting for the 10K Annual Report to come out at the end of August, and IF it reflects what they have PR'ed.....we got a real winner, in my humble opinion.
***The other's are minor "wild card" stocks: PHMB, SMWF, LGTT which I hold little financial liability, and have lowered my positions -- I do not recommend buying these.
****Then, once again, I can sorta "day trade" a stock. (Few months back, bought GERS at .0002 and sold during the day all shares at .0008 / It wasn't a lot of money, but the % gain was excellent.) I missed two opportunites to do so this week, as I shared above.
*****OSPY, a small investment, and held on with my small investment, but maybe should have sold....I'll make a comment on it later this weekend.

It is interesting to note that though I only made 2.3% this week, it is what many "bank saving's accounts" make in a whole year. If I only made 2.3% each week, I would be making over 10% a month, which is over 120% for the year. So, you can see why I am learning to "trade" stocks -- if it is approached with discipline, patience and perseverance...ever learning, one can be very successful. HOWEVER, if you approach it like a poker game, you will lose it all as many do when gambling. This has been beat into my brain through the 2 1/2 month course I took from www.adammesh.com (which I highly recommend).

OK, nuff said, weekends are for rest, fun and remembering our Creator -- Memory verse of the week: Psalm 9:1 ¹ I will praise You, O LORD, with my whole heart;
I will tell of all Your marvelous works.
² I will be glad and rejoice in You;
I will sing praise to Your name, O Most High.

Right on with SYNJ -and- new pad :)

2009-07-30T16:32:00.000-07:00

Total Money Balance: $ 2,125.63
Total Account Balance: $ 19,621.63 :) 7-30
Account Balance Including Withdrawals: $ 21,421.63 ** New High **
It is always fun when you view the charts, know the company well, hear that inner counsel that tells you it is time to "buy" this company AND YOU DO and it works :)......The SYNJ buy was exactly right. The MACD was crossing up, volume grew, trend was up....it looked right to pop, so I added to my holding and today....up to .0037. My average purchase of SYNJ came to .0023 up 60%+ !!!! Yehaaaa.
PS -- If you look at the Gallery Charts, SYNJ @ www.stockcharts.com you will see a stock, IMHO, which is set to continue higher. I'm expecting a very good up day for SYNJ...HOWEVER, just cause I expect it, does NOT mean it is going to happen. You have to allow the stock itself keep you in it.....or sell it. I will be watching SYNJ for the signals....hold or "skim off and sell some" tomorrow.

SPNG, IFSL, GDSM did alright, though not spectacular.

OPSY, well, gapped up, but slid down a bit. I bought only 10K -- at .062, went down slightly....but just might move up tomorrow, tons of volume in this stock and it's in a market that is wanting to move upward. However, after it gapped up* (which some stocks do), I could have waited (OH, PATIENCE -- SUCH AN IMPORTANT PART OF TRADING, WAITING FOR THE RIGHT TIME TO POUNCE)........and bought in at .05 -- which is where I considered buying yesterday. NOTE: Most signals are pointing to a lower OSPY tomorrow...so I might have jumped in way toooooo early. But, sometimes they can surprise you. (Hope, hope, hope ;)

*Gapped Up/Gapped Down Definition: "When the opening price of a stock begins trading higher or lower than the previous day's closing price."

*** On a personal note, just got approved for a one bedroom apartment -- am moving in next week. First home away from my office, car, campground, friend's homes and anywhere else I could sleep. Hallelujah! Once I move in, I'll put a picture in on my blog. ***

PENNY STOCK Trading

2009-07-30T07:19:00.000-07:00

Read this good article, passing it on. --- Franko

Penny Stock Trading

www.stockloom.com

Penny stock trading can be extremely profitable. The stock market can present you with a lot of hot penny stocks every day. Some of them are high technology stocks that come from the nanotech, biotech, telecom or internet sectors. Some of these trading opportunities are extremely risky while others are not as good as they seem.

When you know how to approach and choose among the best ones, you are able to generate a consistent and respectable amount of money in a very short period of time.

When investing in penny stocks you have the opportunity to dramatically increase your profits, however, you can just as equally loose your capital quickly. However there is always room to make plenty of money while trading in Penny Stocks.

Trading Volumes

Look for consistent high volume of shares being traded. Don’t look at average volume only. In order to get in and out at an acceptable rate of returns, you need consistent volume.

Do your Research

If your company knows how to make profit, the company can use that money to grow their business, which increases shareholder value. You have to do some research to find these facts on the company you are investing.

Entry and Exit Plan

Well defined entry and exit plan is required to safe guard your money. Penny stock quickly move up, and move down just as quickly. So you have to decide the selling price as you buy the stock.

Your Source of Information

How did you find about the stock? Is it through a mailing list? There are some good penny stock newsletters and there are many who just pump and dump. However, not all newsletters are bad.

Last of all, don’t put all of your money in penny stock. Only put a portion say 25% in penny stock.

Dropped but OK -- OPSY on WatchList

2009-07-29T19:49:00.000-07:00

Total Money Balance: $2,755.73
Total Account Value: $17,877.73 :( 7-29
Now that was a down day, and I just watched and did not sell because I do believe in these stocks I am owning....plus I added to SYNJ, based on the chart.....MACD looks like it's setting up to cross up; HOWEVER, it did the same thing around July 1st and DID NOT cross.....so if it does, excellent -- if it does not, time to sell (if I can just let go :).

Thursday, I'm watching OPSY (.05) .... here's a read on it www.coolpennystocks.com --

Don't be surprised to see OPSY make a big move, since it's low price and that's the hot sector right now! At the very least put it on your watch list.
There's no denying that our economy took a turn for the worst last year.But thankfully The American Recovery and Reinvestment Act could really give our economy a big boost this year.The act could represent a promising future for companies like OPSY considering that the stimulus bill gives a sales-tax deduction for buyers of new vehicles this year.The stimulus bill signed earlier this year by President Obama could make OPSY skyrocket!President Obama called the $787 billion economic stimulus legislation a "major milestone on our road to recovery."

OPSY, through its subsidiary, Automotive Software Designers, Inc., provides on-demand software solutions and services for the United States automotive industry designed to maximize productivity and increase profits at auto dealerships.

I believe a company like OPSY is critical in order to accelerate the comeback of the auto dealership industry.
OPSY's subsidiary's flagship technology solution is called Save-a-Deal.
Save-a-Deal is a turnkey customer relationship management (CRM) tool for auto dealerships and is a comprehensive, fully-integrated front office software solution specifically designed to increase auto dealerships' profitability.
Automakers and car dealers could see a modest boost because buyers can deduct sales taxes for new vehicles purchased in 2009!
OPSY's product and service are purchased by both large and small auto groups around throughout the United States.
The largest dealership OPSY has, has more than 40 PCs using Save-A-Deal at one location and they also support up to 10 dealerships on a single server.

Just look at this testimonial for OPSY's Save-a-Deal!

"In today's market, a CRM solution that reduces overhead, increases efficiencies and generates new business is essential for survival," said Joel Ferrier of Orr Honda. "Save-a-Deal not only allows our sales force to desk and finance more deals, but also offers additional efficiencies that save time, reduce paperwork, and add to the bottom line."
- Joel Ferrier, Orr Honda, Texarkana, TX

According to data by the National Automobile Dealers Association, roughly $8 billion was spent on advertising by auto dealerships in 2008!
It's evident that OPSY is in a sector that is aggressive when it comes to wanting to make a profit.
I think you know this is true considering the minute you step foot into a car dealership they will bend over backwards to make sure they make a sale. OPSY's subsidiary's job is to get a car dealership more business. They deliver this not from only a position of sheer quantity of calls but rather on a quality presentation for every call they make on their customers' behalf.

If a dealership sells 100 cars per- month, 400 customers walk off every month without buying. If the follow-up is left up to the sales person, 90 percent of the customers will never hear back from the dealership again.
OPSY through their subsidiary is determined to help bring back 90% of these customers to the dealership!

Dealerships that use Save-a-Deal can benefit in the following ways:
Always know where the keys are.
Get all the deals, all the details, all the cars, all the time.
Generate any report in seconds.
Get DMS inventory and deal data updated every 30 minutes.
Track Internet leads.
Track appointments and follow-up more effectively.

OPSY's wholly owned subsidiary significantly improves dealership efficiency by automating workflow within a dealership, eliminating manual forms, and reducing the time to desk and finance a deal.
OPSY installed its system with Saturn of Houston to handle its BDC call center in Saturn of Houston Gulf Fwy, Saturn of Houston Katy Fwy and Saturn of Houston Southwest Fwy.
Bob Abernathy, General Manager, stated, "We had looked at lots of options and found save-a-deal the best suited for us and it helps reduce our overhead."
OPSY CEO B.J. Grisaffi, says he plans on increasing his sales staff across the country to help dealers maximize their potential. "The time could not be better for us to be in business than in these troubled times," said Grisaffi.
The Save-A-Deal system is being accepted by a new dealership every week," stated B.J. Grisaffi.

B. J. Grisaffi has more than 30 years experience managing automobile dealerships!!

Many of OPSY's customers believe this is the most complete, integrated software solution available.
As the nation jumps back onto its feet I think a company like OPSY is going to be a big player!
For more information on OPSY, visit their website at: http://www.opticalsystemsinc.com Always do your own research, and consult a professional.

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There ya have it. Nuff said, night. :)

Sell High, Buy Low -- if only that always happens

2009-07-28T17:46:00.000-07:00

Total Money Balance: $3,204.93
Total Account Value: $19,544.9 :) 7-28
Alright, back on track! Had a down day, now back up. Yahoooooo. What happened today?
Well, yesterday, I sold IFSL around .0029 yesterday; and today, bought back in at .0021 out of cash in my account (note the Total Money Balance is less than yesterday, however, the Total Account Value is higher). It closed today at .0027...so my 1Mil shares is up $600.00.
This is a tough strategy - selling high and then, buying low and hoping it will go back up. Here it worked, and we will see what happens tomorrow. It also dropped pretty fast, which might have been a 20 mil sell that forced it down lower than it was worth in the eyes of investors...so slowly it started moving back up. I caught it almost at it's low.

Watched the others, GDSM, SPNG & SYNJ (which I missed buying in at it's low) all moved slightly higher helping my gain today.

Missed Opportunity; Gained Perspective

2009-07-27T21:54:00.000-07:00

Total Money Balance: $5,322.43
Total Account Value: $18,918.43 :( 7-27
First thing I did this a.m., was get set for an investment in EXPH. Seemed, according to my DD, that is was trending up....so I set up to buy when the market opened.

I hesitated, and watched throughout the day as it rose almost 50%. Missed the opportunity, but was encouraged by my finding of this stock. The thing I realize is that these opportunities come, not every day, but often enough. Just gotta jump in.

Second thing, I did watch one of my stocks move up another 40% and watched as it began to fall back, so I did use my "Skim Off" strategy, and put a bit more into my Money Balance. It was a good decision (only should have sold a bit more), for the stock went down quite a bit.

Anyway, though it was a down day, it was not by much. Yahooooooo.

Horse Race & "SKIM OFF STRATEGY" : SUNDAY LESSONS

2009-07-26T16:30:00.000-07:00

Total Money Balance: $3,058.23
Total Account Value: $19,034.23 :) thru 7-24
This has been quite the week and 1/2, grew my account from 12,527.17 since 7-16 (7 trading days) to$ 19,034.23. I have "four" stocks I have in a horse race, to see which can be the top banana on the race track! Here they are:

Friday's Standings ----------
1st Place = SPNG (the little sponge that could) 40K @ .1304 = $ 5,296.00
2nd Place = IFSL (financial help in the recession) 1.5Mil @ .0033 = $ 4,050.00
3rd Place = GDSM (up % 155 Friday, Gold Stock & merger & dividend) = $ 3,450.00
4th Place = SYNJ (Environmental stock, waiting for *news*) = $ 850.00

Other stocks waiting in the wings to get into the race: LLEG, LGTT, SMWF, PHMB with a combine Friday close worth = $ 1,430.00 -- each of these are ones which I bought, and they haven't really moved up or down.....waiting for good news, or something that would make me sell them. Good news could rocket them up into the Top 4 (ie. GDSM did this week. Patience is important; but also determining IF they ever will....for it's money tied up unavailable for trading. I still need to develope a strategy for these.

The "Skim Off Strategy" ---
This is my way of taking a "profit" (skim off the top of the stock cup) and keeping stock in the company, in case the stock keeps going up. Bank some "profit," which you can use to trade again; and yet, you have shares to watch and see if they will continue to climb. I did this with IFSL this past week, had 2Mil; sold 500K for .0032 and still have 1.5 mil. shares. There was talk about the CEO making a Press Release about their "stock buyback program" and I believe it will help this stock keep moving up. We'll see...... :)

OK, nuff said today.............and here comes Monday. I've had a good week and 1/2, a down day is due sometime, and Monday could be it.....especially since GDSM went up so high on Friday. I am going to attempt to "SKIM OFF" some of the profits on Monday. Blessings to you all.

Clothing the "Naked Shorts"

2009-07-25T18:13:00.000-07:00

OK, what in the world is "Naked Shorts"?....well, there is something in the financial world that can really mess up trading/investing in stocks. It's call "Naked Shorts"
Definition:

What Does Naked Shorting Mean?
The illegal practice of short selling shares that have not been affirmatively determined to exist.

Naked shorting is illegal because it allows manipulators a chance to force stock prices down without regard for normal stock supply/demand patterns.
This "illegal" activity usually gets done during the 3-day waiting period for a stock to settle; and can cause a manipulation of the stock "down" (which increases the profits of the "naked short" sellers.....while hurting true traders & investors.

Why am I sharing this? Well, because SPNG has been a victim of this, and this is one reason the the SPONGE has fallen from grace. HOWEVER, the "naked short" sellers got caught...

Go to: http://www.nasdaqtrader.com/trader.aspx?id=regshothreshold
....and scroll down to the THRESHOLD SERCURITY LIST and guess who, SPNG is on it.

Why is this significant, because it will cause the short seller to cease, and I am told that it will cause a SHORT SQUEEZE, which began just before close Friday.
WHAT DOES THAT MEAN? That the SPNG should "pop" up a good amount.

Now, I'm not predicting it and I'm not planning on adding to my holdings on Monday, however, I will be watching. Let's see if the pundit's are correct in their thinking. :)

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Did you see what happened to GDSM......wow, up 154% on Friday. I'm lovin' that! However, there might be quite the fall on Monday. I will be watching and probably "skimming off" some profits for my cash account.

Birthday Gift - Profitable Day

2009-07-23T13:18:00.000-07:00

Total Money Balance: $3,058.23
Total Account Value: $17,388.23 :) thru 7-23
I love days like this, where one has chosen some stocks that are responding well to the press releases, and traders and mm's (market makers). Up today +1600.00+....nice. :)
Action: Sold 500K of IFSL @ .0032 (bought @ .0016 ave.)....not bad. I still have 1,5Mil shares and believe it is going to continue because besides being a profitable company, it is under the radar of major buyers still and still slowly rising. The CEO has initiated a "stock buy-back" program and, I'm told, can only buy-back a small amount each day.....so as he buys back, the stock rises. My average price for the remainer of shares is .0012. Closed @ .0036. I will watch close tomorrow, if drops below .0032, I will sell more; if upward movement, yahoooooo.
SPNG - is the fascinating one. I may increase my holdings, for I still own 40K, all with an average cost of -0-, because I already sold enough to cover my output and made profit. It just keeps putting out the PR's and when the financials come out (10K), and IF they are amazingly good, watch out.....SPNG will be a $1,00-4.00 share in no time at all. (My opinion, and I can be overly optimistic. )
GDSM: Another solid stock, in my opinion, has been slowly moving higher since it's name change....and a dividend will be coming out. (In at .0022.)
SNYJ: Saw it drop to .0016 ASK yesterday, was going to buy because it channels up to .0025, but I held off.....and guess what, watched it rise up...where I could have sold. Now it is going back down.....might buy in tomorrow, if it hits, .0016 again.

Learning when to stay invested in a stock, and when to sell is the challenge I face each day. However, I must admit, I am enjoying this hurdle and look forward to each morning for a new adventure. Each day, each stock has to be evaluated a bit differently....and that's the puzzle.

Am in Seattle, and yes, it is my birthday. Get to celebrate with a couple of friends from my days at Reseda Baptist Church....youth group. Haven't seen for decades. Cheesecake Factory here I come.

Sit back and enjoy :)

2009-07-22T23:00:00.000-07:00

Total Money Balance: $1,468.31
Total Account Value: $15,704.31 :) thru 7-22
Sat back and just watched as IFSL rose.....a good day. Interesting stock, just keeps pushing upward, no big moves, just steady. Profibable company, right time to be in its business and and online company with little or no overhead. Not on the big radar yet....might be in just in time.
Tomorrow is another day.
Blessings and ya all sleep well.

Patience is Truly a Virtue

2009-07-20T20:55:00.000-07:00

Total Account Value: $14,514.31 :) 7-20
(doesn't count money taken out)

Nice gain today, basically held on to my shares, added to a couple, and watched a couple key ones go up. It was not a big trading day....

....and that is the lesson today. There are some days when you just do not trade. Patience is a major element of this business. Waiting for the right places to enter into the trend of a particular stock. This is so important to learn......and as I told my son today (wonderful dinner with him and his girlfriend), that it looks easier than it actually is. It takes disciplined study.....it is not throwing a dart at a wall of companies and choosing the one it hits.

Today I chose to watch IFSL, and if you look at the chart @ www.stockcharts.com; if you knew the signs, would see a stock "seemingly" poised to climb. I am in this one....and bought around .0016. It looks to be breaking out tomorrow, IF the earnings are released and are great. If not, it will tank and I will be ready to sell. It is @.0023 now.....and the next big resistence is .0031. I am profitable right now, if I sell.......but IFSL will tell me to sell or hang on tomorrow. :)

As for me, I will be out of town for most of the week, so I might not trade much.

I have set some automatic "sell" points to some of my stocks if they get that high......I set it up to happen automatically in my Scottrade account; and some are just selling a percentage of that stock.

OK, tomorrow night I will recap the day....if a computer is available.

"Ten Commandments of Trading" - SUNDAY LESSONS

2009-07-19T07:12:00.000-07:00

On this beautiful Sunday morn, I am up early and enjoying my cup of java - drinking in worship music - feeling the cool of the breeze - reflecting on the Tec's Top Ten http://tecnasty.com/Tec_s_Top_Ten.html :

TAKE YOUR PROFIT
TRADE THE CHARTS
REMOVE EMOTION FROM YOUR TRADING
DON'T MARRY THE STOCKS YOU TRADE
DON'T CHASE A RUNNING STOCK (or CATCH A FALLING KNIFE)
ASK FOR THOUGHTS, THEY CAN'T HURT
DON'T BELIEVE THE HYPE (or the BASHING)
SET YOUR ENTRY AND YOUR EXIT
PROTECT YOURSELF, SET A STOP LOSS
MAKE A CHOICE AND STICK TO IT

Though I cannot say I have completely been true to these "commandments," I am finding myself moving closer and closer conforming to them. For me, "removing the emotions from your trading" is one of the toughest. The key is to keep learning and weaving these into the tapestry of our trading quilt....and over time, with developed discipline to these principles, a profitable picture will be birthed. It does take work, and it does take experience!

Have Buys, Will Travel

2009-07-18T00:06:00.000-07:00

Total Trade Account Value: $13,381.12 :) thru 7/17
Cash Out: $ 1800.00 *****Total: $ 15,181.12
Alright, nice day.....gained a bit -- Note I will put a :) face in by the amount when I gained, and a :( in when I was down that day.
*What did I do, well, I added 500K to IFSL (total shares owned, 1,500,000)....why?, put in my buy below the sell. This is a company where the earnings have been excellent.....but we are waiting on the official report to come out -- I am banking on it exceeding expectations. My average purchase is .0015...and it is sitting at .0020 right now with huge potential. Charts all point to a trend up. I have found with pennies great official "earnings" propel these stocks up....at the same time, normal or bad earnings create quite the stumble.
**Bought 1Million shares of LLEG @ .0005 -- total risk, but this stock was talked about by a couple good penny stock letters, so the risk was low and the reward high. Jumped in....now at .0007 (ask)...and has broke out of a channel. We'll see.
***Bought 100K of LGTT, because it was offering a 5 for 1 of CYDM (Pinksheets) if bought by today. Pretty much an investment in a stock that will give me more stock of another company. Small investment on my part; however, potential exponential move up. Once again, it might mean little, but worth the $ 268.30, IMHO.
INTERESTING SITE TO FIND STOCKS: www.tecnasty.com Good suggestions, but remember, these are just that....NO site ever is 100% correct! I have learned, just cause they suggest a stock, doesn't mean you buy.....do you DD & study.
What do I look at in a stock?.....I go to www.stockcharts.com and check the Gallary Chart of the stock. Look mainly at the "daily" 3 month chart (one on top): High "up" volume; MACD moving into the positive; trending higher. I also go to my Scottrade account, put the stock symbol in....click on "detail"....click on "charts" -- add MACD, Bollinger Curves, RSI, Money Flow, Exponential Moving Average, On Balance Volume. All these area should be positive. All these are excellent signs, then.......I check the fundamentals of the company.
If positive......trend is moving higher, than I'm in.
Alright, time for nite, nite......

After 4 1/2 months

2009-07-16T23:15:00.000-07:00

Total Account Value: $12,527.17 ** thru 7/16
OK, it's been 4 1/2 months since I started "trading" in stocks (on March 6, 2009). I started with $ 2,575.00 to invest....and as I sit today, I have the $ 12,527.17 in my account, of which $ 2,880.00 is in cash (more than my initial investment). I own a number of stocks: spng, ifsl, lleg, gdsm, synj, phmb, smwf, synj. (Note: I could sell any of them at any time.)
I have taken cash out of my account, around $ 1800.00....which if added to my money in my "frankotrader" account = $ 14,300+. (Not bad for 4 1/2 months). ***It would have been even higher if I wasn't so emotional in my early trading. (Note: The highest total value was just over $ 31K......a lesson learned, I hope. Early on when a key stock made significant gains, I strayed from the plan -- when the charts said to get out, I held for further gains, ignoring the signs. Though I told others I should "sell," I did not act. The next paragraphs share about my challenges......)

GETTING IN/OUT: I have decided that it is "easy" for me to get into stocks, but quite "difficult" to get out of a stock, esp. if it is falling. (When a stock stumbles and hits your "out" mark, one needs to, as they say, "just do it" and get out of it. It means denying one's emotions. VERY HARD TO DO! I am an optimistic person and tend to believe what I invested in will go back up soon. WRONG! Soooooo, I am slowly getting the hang of dealing with myself and relying on "discipline," instead of a "gut feeling." I have missed profitable trades due to this very issue, and yet when I applied the "sell/profit" discipline, I have made a profit.

TAKING PROFIT: I'm learning that 25% profit on a trade is great.....stock goes up, sell. Don't wait til the 100% move up....for then you will most likely end up loosing your gain and actually have a loss. That was me....a few times this past month. ****THERE ARE EXCEPTIONS TO THIS....I learned from Adam Mesh, a stock will tell you to stay in, or get out. If the stock tells you to stay in, go ahead and "stay," but raise your "stop limit" as it goes up -- for WHEN (not "if") it turns and trends down, time to sell.****

STOCK PICK NEWSLETTERS: One of the other things I have learned, to find stocks, I have signed up for various newsletters; however, I look at a number of signals before I invest. Still hammering this out, and will give you details in a future blog. Don't take the newsletters as a "message from God" --not even close! Each stock suggested is in need of in depth study & DD (due diligence) to see if they meet your criteria for trading or investing in.

BLOGS, DISCUSSION BOARDS, OPINIONS: I have also learned to read the "financial blogs" on these stocks (ie. ihub, yahoofinancial, etc.) AND have learned that most people post with information that is PURE OPINION, NOTHING MORE....and need to be taken that way. "This stock is going to the moon tomorrow" "This stock sucks and has no product to sell and is wasting your money." The first comment, I actually had a stock which tanked and I lost a good amount of money on...that "tomorrow." AND, the second comment, I had a stock go up 800 % and have benefited financially from it....though they said it would tank. "Financial blogs" can give you hints to the direction of a stock, but you gotta read between the crazies. :)

OK, nuff said, off to bed....and tomorrow at 6:30am, we get a trading.