2 Wins, 1 Loss. A rough day to find anything worth trading. Again! Can’t wait for a little more volume.
Aug
30
Quitting at 1PM ET. Not enough on my radar to keep me entertained.
I remain undefeated this week. Go ahead and add comments calling it luck. I will laugh all the way to the bank. The teller will be delighted by my upbeat manner, and impressed by the size of my… deposit.
Ok, if I haven’t jinxed myself yet, surely I just did.
Just another scalp, this time for a meaty 20 cents, though. Of course it went on to run another 60 cents, rrgh, but I think that was based on some UN nerve gas scare. It recovered all that ground 3 minutes later, so I don’t feel too bad about missing that part of the drop.
Aug
28
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
The “Sky is Falling Trade,” (SIFT), is when you identify a trend down day in the indices, and load up short on a few mediocre to good setups. The mediocre setups are the ones that you get stopped out quickly on. Very tight stops are the modus operandi, as the market could decide that the sky is not falling. From now on, I may just trade the indices when I identify a trend down day. The first trade is an attempted gap fill, the rest are SIFT. I made R 2 today. It always feels like you should have made more on SIFT days.
FXI:
ONXX:
ACH:
WINN:
SAFM:
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
Aug
27
3 Wins today, all on the same stock. Crazy! Believe it or not, I only had two stocks make it through my main trade-ideas filter today. They were Aluminum Corp. of China Limited (NYSE: ACH) and Onyx Pharmaceuticals, Inc. (Nasdaq: ONXX). My data feed for ACH was full of bad ticks in the morning, so I crossed it off the list. That left me pretty much looking at ONXX and a handful of other stocks which weren’t impressing me much. But, I managed to make 3 scalps on ONXX for 3 wins, at 36.00, 37.00, and 38.00 as it chopped its way northward.
Some other odds and ends:
- Over the weekend, I opened up the full RSS feed for the site, and I think I adapted my anti-hotlinking measures to let the images through. If you are seeing spam warnings instead of the real images, then let me know. This was the #1 request I get from people, so I think I just made several folks happy. I’m going to locate a plugin for wordpress as soon as I get over my laziness that will put an anti-splog warning in the RSS. I suppose that’s good enough. They steal my content whether I protect it or not, so…
- I tried to pull the data for my weekly scan yesterday, but eoddata.com was giving me download errors. I’ll try again tonight, but in the worst case the 1-week old list should still be more than adequate.
- Be careful out there, as we head into Labor Day weekend…
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| ACH |  |  |  |
| ONXX | | | |
Dec
18
Zoomie made one nice trade on Aluminum Corp. of China Limited (NYSE: ACH) today. More than 5R… wow! He’s commented on the chart, as always:
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| ACH | | | |