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Post by bankedout on May 29, 2012 10:23:51 GMT -5
My Uncle sold INT on Friday 5/25, and I sold it this morning. He had other stocks he wanted to buy with the proceeds. I'm keeping my proceeds in cash for now.
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Post by sd on May 29, 2012 18:48:52 GMT -5
I think it's prudent to preserve capitol - And to go with what the chart tells you. I'm losing quicker than I gain- because the uphill climb is a lot more difficult and slower than the downhill slide when it occurs- This reinforces my belief in using stop-losses and exiting on weakness-
I find that as I try to hold some long positions in a weak market, it is an exercise at best mostly educational, as the market can reprice value lower at any time. It is defying the trend trading approach to ignore the larger mkt's directional momentum.
I've had about as much "learning" as I can stomach these days. presently long vz, T, chd, aapl.
I recently Bought Dave Landry's "The Layman's Guide to Trading Stocks"- A very simple approach to the market- You might find it worthwhile- His approach to the market is well defined. Unfortunately for me I try to trade outside of the box as he defines it. Had I followed his approach, my more significant losing trades would have never been entered.
Good Luck ! SD
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Post by bankedout on Jun 16, 2012 20:25:12 GMT -5
I'm considering a possible short term speculative position. GV Goldfield. I'll post here if I pull the trigger.
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Post by blygh on Jun 18, 2012 19:13:23 GMT -5
Your picks of May 29 certainly proved to be a collection of winners. You used to like UNG - is natural gas on a rebound? GV certainly has a nice trend but I have never trusted microcaps - especially those with falling revenue streams - I would appreciate learning what sparks your interest.
Blygh
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Post by bankedout on Jun 18, 2012 22:32:12 GMT -5
At some point natural gas as a commodity will start moving up. I don't track it any longer. I do still track UNG as a potential ETF to own.
With GV I like the price momentum, and the company's sales/earnings etc. seem to be on the rise. At least for now. It is definitely not one to buy and hold! I would say maximum hold time would be 9 months. However I think the momentum will fade before then.
I was hoping for a short pause/consolidation (1 week or so?)and then take a position in hopes of a further rise in price.
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Post by bankedout on Jun 27, 2012 12:41:47 GMT -5
I decided to go with REED instead. They have some upward price momentum and sales are on the rise.  |
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Post by bankedout on Jun 27, 2012 12:44:50 GMT -5
I also forgot to mention that Reeds announced their new line of kombucha today. We sell a ton of that at the co-op.
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Post by bankedout on Jul 19, 2012 19:00:31 GMT -5
Today I closed about 1/3 of my REED position to lock in a gain.  |
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Post by sd on Jul 19, 2012 19:43:50 GMT -5
Nice Gain- smart to lock-in some partial profits Imo! Sd
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Post by bankedout on Aug 9, 2012 10:23:26 GMT -5
My Uncle sold his NUS & HLF on Tuesday due to repeated short sellers targeting both stocks. I didn't have a chance to close both of my positions until this morning.
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Post by bankedout on Aug 15, 2012 15:49:05 GMT -5
I bought 2 stocks today, STRM & CPSS.   |
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Post by bankedout on Aug 17, 2012 11:21:28 GMT -5
I bought another 100 shares of STRM today at $4.13
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Post by sd on Aug 18, 2012 19:34:58 GMT -5
I have to ask: Why are you not displaying the open & close on the bars? I assume it could be because that would be a distraction to the overall chart? If that is the case- and it's just I disagreeumption--- I started to read a bit more on methods to allow a position to run further, and RENKO charts came up as an interesting application of viewing price action in a smoothed fashion. I intend to look into this further, it seems aptly suited for a swing trading approach- Good lu  ck, SD |
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Post by bankedout on Aug 18, 2012 23:01:53 GMT -5
I guess the open and close don't seem as important to me as the overall trend. Maybe they are a distraction. I guess I find them unnecessary. On the current bar, my trading platform displays closing/current price next to the bar, so I know where trades are going off in relation to that bar's high and low.
Right now I feel like I'm in a good groove. REED has moved in my direction nicely, CPSS has moved in my direction, and even STRM is starting to go in the right direction too. How often is someone 3 for 3? Of course these trades are not closed yet.....
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Post by sd on Aug 19, 2012 8:27:29 GMT -5
3 for 3 is excellent!
Ideally those trades will continue to go in your favor-
btw- in the prior post I was trying to say I didn't disagree-just an assumption- and was unable to modify and correct the post-
Not sure why that is-
This being Augest, I don't think we can expect the mkt to continue to act constructively, but who knows - I'm going to continue to focus on the long side until the mkt says no.
Continued success in your trades!SD
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