Very pleased with my call of $PPHM, though I didn’t play it. Just when I was whining about lack of setups, I could have been trading this one for very nice profits! Gotta stay in the game.
Another boring list, all potential shorts.
I think one of my projects this week is to start expanding my repotoire of scans. I’ve been using a lot of the same criteria for years and the results seem to be getting somewhat lackluster. While I think its very valuable in trading to stick with what works and not jump around trying to find new stuff all the time. I simply am consistently lacking in solid short setups. Maybe they just aren’t out there. But I think its a good time to do some experimenting.
I’ll probably start by opening an account with equityfeed.com, I’ve been talking about it for 3+ years, I think its time.
This was an “OK” short yesterday but nothing great, I never entered. It moved to slow to get me excited. Only concern is that it might morning panic without me today.
Some lame positive news, but I think this place just makes data and RF jumpers, pretty lame and boring industry.
I’m still short $SPWR, pretty annoying to watch it all day Friday. That kind of price action drives me batty, it hangs around and acts like it can crack but never does. If anything I should have covered for a $100 profit late day and moved on.
Bunch of crappy dry bulk shipping companies popped Friday, but nothing high enough to really make it worth going short. I would hope the trend continues today and maybe some of these $DRYS, $EGLE like plays become shorts.
Same as Thur/Fri, hoping for some real fading/cracking.
Another lame solar to watch.
Well well well, I thought I was wise by waiting literally all day to short $SPWR. Thought I saw some fading right towards the end of the day. But then about as soon as I entered it shot back up and finished strong.
There may be plenty of other setups to watch, but I’m not going to bother looking for them. I need to fully concentrate on $SPWR and make sure I don’t get pounded. The only saving grace is I was never that certain about this play from the beginning so I only went in for 1K shares.
Well kind of bummed about this watch list. I had assumed after the huge day yesterday I would have all kinds of potential shorts show up on screens. But in the end nothing that great.
Not crazy about this pick, but the chart looks like it could crack back quickly at some point.
Probably too late on this for the short, but I kept it on watch mainly out of spite after missing it yesterday.
This is really an attempt at fishing, I’ve made money on this stock in the past, but I don’t think its up enough to make it a solid short. Could be scalped but thats probably it.
Another stock like MEET, I’ve made money on this in the past, would like the chart to be more vertical before shorting, but meh, I think money could be made on this.
Lots of blabber on this on twitter and chat rooms etc. I am not fond of trading ETF’s, especially when I have no idea what they are even set to track… But if there is price movement and volatility there is money to be made. I’ll only trade this as a last resort.
Well per my pre market post I had good plans of trading today. Well about 10AM, I came down with one of the worst colds I’ve had in a looong time. I’m determined to show up everyday so I’m here even though I feel like absolute death!
Overall nothing great for my types of setups today, but I would have liked to trade $MCP.
I think its realistic to have shorted in the high $10’s and grabbed an easy 50 cents a share.
Ugh this sucks, hope I feel better tomorrow.
Well I had every intention of posting a watch list this morning, but considering the crazy market gap up on the fiscal cliff crap. I figure any pre market screens are borderline worthless.
My plan is to be strapped in at the open and trade momentum, but be very cautious and play small. I have no insight into what this market will do today.
Yikes kind of scary that I posted this in 2010, I’ve made lots of progress on lots of goals, but done almost zero to catalog it.
My goal is to change that in 2013, I do want to announce that I’m going to be actively blogging and working on constant progress. But have no desire to ramble on and on about what I will do, I’d rather prove it in daily blog posts etc.
So while I have huge aspirations to do something with this blog, I see no benefit to the reader to hear about it now. I’d rather prove it everyday.
Rough goal list for the coming year:
-Get to 180lbs and less then 10% bodyfat
-Become fluent in Ruby http://en.wikipedia.org/wiki/Ruby_(programming_language)
-Publish long form writing – Trading ebook etc.
-Become a better teacher/leader/speaker – Goal would be to use the book as a platform to speak at conferences , create a DVD, etc.
-Publish a “real” blog on a regular basis
-Trading for real income, I expect 2013 to be the year I hone my skills and become an actual stock trader for actual income.
-A bunch of other small random goals, I’ll announce them as I begin them.
I hope you are looking forward to the next year as much as I am!!
Perhaps the most perfect example I’ve ever seen of one of my host hated parts of finance, corporate speak.
Citigroup today announced a series of repositioning actions that will further reduce expenses and improve efficiency across the company while maintaining Citi’s unique capabilities to serve clients, especially in the emerging markets. These actions will result in increased business efficiency, streamlined operations and an optimized consumer footprint across geographies.