September 20th - 2010

It was a day of missed opportunities. First in the Pound.....saw a fibwit on the 1 hour chart 2 minutes into the new candle but it had triggered already so I left it alone. Of course it went 250 bucks per contract easily. Next a 15 min fibwit in the swissy....missed totally. No problem tho cause I traded the 1 hour fibwit instead on the swiss franc. I was brought into the trade and did not use bracket orders on purpose cause with the new account size I want to scale out of positions. I entered a limit to get out and that was ok...my order was sitting there but when I entered the stop loss order I was taken out immediately at a break even trade. Hmmmm forgot to do something right. Of course the trade moved 25 ticks in my direction before reversing. I will get it right but will be dealing with some growing pains till I get comfortable.

Monday April 26th

I don't have a whole bunch of time to trade this week so I am concentrating on the weekly signals to enter and hold a while. Here is my short list:

DIS 36.87 - 35.58

GPS 26.29 - 24.59

HON 47.78 - 45.18

M 24.85 - 22.24

MGM 16.47 - 13.72

ODP 8.50 - 7.73

PCX 23.87 - 21.12

X 60.32 - 56.07

Its Over

I have not written in the blog for a week cause (as my wife likes to say) I have been in a real pissy mood. Last friday I owned MI and then on a daily keybar I bought JRCC when it triggered. I kid you not....5 minutes after I bought JRCC the news came out about Goldman sending both stocks into a spiral downwards that didn't seem to ever want to end. Between the 2 stocks after fridays close I was down 1300 bucks. Hoping for a plane flying over the white house event, I held them both into this week and on tuesday I got rid of MI and actually made 120 bucks. Today I sold JRCC and made 265. What looked real shitty in the beginning turned out ok but the stress level was high and I did not initiate any new trades because I wanted to protect capital as much as possible.

Turns out I would have made out very well on my picks this week. AXL, CENX, BID, OLN, PPDI, AGP did well and some of the weekly picks from 2 weeks ago have done really well....SNDK up 8 bucks a share just to name the best one. I am very thankful that I got out of the mess and look forward to trading some weekly fibwits starting monday. As for the rest of the day......why I think I hear a beer calling my name!!!

Friday April 16th

Did a trade in WHR yesterday. Everything was going well until a scary pullback got me spooked. I ended up selling for a 65 dollar profit and later price went to my 220 dollar target. I guess I should have set a limit order to get out and walked away from my computer. MI lost ground yesterday too and if I can get a push outa the deal I think I may call it a night for that one. I found 3 from the scan:

JRCC 17.13 - 16.47 (200 m/a is at 18.19)

THQI 7.73 - 7.45

TSL 27.57 - 26.02

Thursday April 15th

I guess the big news of yesterday morning was the gap up in TLAB. Soon after the open I sold her making 410 bucks. Also KEY ( yesterdays gap down) came back from a loss of one point of 450 bucks to selling it for 70 dollars in profit. It was nice to get outa that thing. MI did trade higher on the day and I am still holding it. Here is the list from the new scan but I will not trade until after all the reports are done at 8 a.m. my time.

WHR 93.02 - 91.58

PEG 31.23 - 30.61

NWL 16.85 - 16.65

NCR 15.51 - 15.01

HSY 44.15 - 43.52

Wednesday April 14th

It was not a nice day for trading yesterday as KEY was downgraded by UBS and we had a gap down in that one and it traded lower all day. MI was marginally lower and TLAB managed to hold above 8 bucks on the day. Some very high impact reports out this morning and most of them were positive so a higher open is expected here. Hopefully a better day than yesterday. I found 3 I like from the daily scan:

CMC 15.88 - 15.42

MNI 5.84 - 5.43

Q 5.40 - 5.32

Tuesday April 13th

Bought 2 stocks yesterday.....MI and TLAB and both closed just a touch below my entry. KEY from the other day had a wishy-washy day and closed down 1 cent. Today it won't have a similar day cause in the premarket its trading down 30 cents. Lucky me. The daily trend is up and strong so if I gotta hold for a while I will. I found a couple from last nights scan:

GAP 8.38 - 7.85

SOLF 8.74 - 8.30