Week of 26 June 2017 through 30 June 2017

[sd]

For TECH, it certainly seems the band has gone on break -
MU reported a beat on earnings, and is down -4% at 10 am...."[Shares of Micron Technology ticked up more than 2 percent in extended trading before giving back some gains after the memory technology company reported third quarter EPS of $1.62 and revenue of $5.57 billion. Those numbers exceeding analysts' consensus expectations of $1.51 in EPS and $5.41 billion in revenue, according to Thomson Reuters."
Ed Seykota ...Time for another listen... www.youtube.com/watch?v=LiE1VgWdcQM Got to find some music...
/font]

[realdeal]

I'm not trying to come off snippy, if so it's due to my mouth "dentist" no anyone here. It's a horserace if someone gains 18% 20% whatever it's not actual bank. If the stock tanks... again you're not losing. I think stops are a waste. What really is the intention of the game now? I was a member of this board when it first started "I made that graphic you see above" granted I have not posted for many years but I recall a time when you had to post why Technically/Fundamentally or both. What is anyone learning if one just picks a stock long or short because of earning coming up or something like that? Then again maybe everyone here has been trading/investing as long as me and the horserace is purely for entertainment. Why are we competing with the SPY and QQQ again? I thought it's just between members?

If you're playing around with a new method/strategy fine, but anything done on paper from my experience you lack the emotion, trust me it's a whole different ballgame when you actually own a stock.
-rd

[sd]

When it looks bad.... buying AAOI now because it is close to a P>O>F> - Small position filled $61.95 Point of failure- definite stop below $58.00 dbl bottom- identifies the risk

[sd]

I'll take PBYI at todays close- Actual position - RD had brought to my attention prior week. Stop a wide $79.00.
MD a prior horse is still hearing the music- added to the position

[blygh]

Friday June 30             Across the finish line 
                                                                                   @fc = "At Friday close

Rider	Horse	Open	Latest	G/L	rider%	Stop	Stock	Rank
1        Tiarra	TSLA	386.69	361.61 stopped at 370	-18.69	-4.32%	370	-6.49%	4
2            Ira	AAOI	63.20	61.79 stopped at 60	-3.20	-5.06%	60	-2.23%	5
Spiderman	SYRS	17.27	16.09	-1.18	-6.83%		-6.83%	6
4    SD	GLYC	13.41@fc	11.16 stopped at 11.60	-1.81	-13.5%	11.60	-16.78%	7
5  RealDeal	CREEDFLT	25.37	24.65	-0.72	-2.84%		-2.84%	3
6   Blygh	FSLR	39.74@fc	39.88 stopped at 41 limit	+1.26	+3.17%	37.75	+0.35%	1
Market	SPY	243.90	241.80	-2.10	-0.86%		-0.86%	2
8	QQQ	142.00	137.64	-4.36	-3.07%		-3.07%

Blygh for the win

[blygh]

YTD for 2017 as of 6/30/17

Rider	Wins	Place	Show	YTD	Default	YTD default
Tiarra	5	1	4	+12.961%	ETSY
Ira	4	4	4	-2.018%	VIXY short
Spiderman	4	3	4	-31.978%	EXAS
SD	2	4	6	+6.755%	XBI
Real Deal	1	7	1	-27.694%	CREESINCE 3/28
Blygh	9	3		+15.895%	ISRG
Market		3	6	+5.833%

 
With a small gain vs SD's loss moves Blygh into first place in the YTD race

[sd]

Congrats Blygh! The only one finishing in the money!
Discussing the merits of Stops, Limits-
Blygh captured a nice 3.17% gain with the limit, while the stock finished with a modest +.35%!
On the stop side,
Tiarra reduced her potential loss by 2% by stopping out higher.
Ira's stop took him out ffor -5% while the stock still lost- but by -2.25%
SD took the worst hit- with his wide stop losing -13.5% but the stock losing more , -16.78%

BLYGH Holds the Largest # of Wins, as Well as the YTD Congrats!
Tiarra Holds 2nd place - wins and YTD. Also Congrats!

Since this is the End of June- 2nd quarter - The Book offer is still there-but RD has contributed some books as well- so I need to update the list. I'll try to get that done this weekend...

[sd]

AND THE FINISH IN PICTURES

[blygh]

In the year long 5 stock portfolio competition 

RIDER	6 MONTH GAIN
SD	+0.6473%
BLYGH	+5.9268
TIARRA	+6.98%
SPIDERMAN	+12.476%
IRA	-2.87%
REAL DEAL	NO ENTRY
SPY	+8.48%
QQQQ	+19.50

Spiderman holds 1st place in the long-term investment gain competition 

[sd]

Congrats Spiderman! Something to be said for "Buy and Hold!"
That should also merit a book selection! Hope there is one that interests you!
HMMM , my selections are serious underperformers, and i changed last quarter! If this was an actual Portolio return, i'd be stressed out! i'd do better with a dividend focused
portfolio!

[sd]

Books & Video List-
BOOKS: Thanks RD for the adds.
Reminiscences of a stock operator- Edwin L Lefevre- classic
Options as a Strategic investment- McMillan
Money- master the game-Robbins
Getting started in Options-Thomsett
Tools 7 Tactics of the master Day Trader- Velez, Capra
Super Trader- Van Tharp
ethods of a Wall Street Master- Trader Vic- Tiarra
Elliot Wave Principles- Prechter
Swing Trading- Jon markman
Electronic swing trading- Sarkovich
Sell and Sell Short- ELDER
Exchange traded Funds-
Power Trading, Power living- Parness
Swing Trading- Velez
Short term trading- Toni Turner
Real money- Cramer
New market Wizards-Schwager
Getting Started in Technical Analysis- Schwager
Elliot Waves-simplified- Droke
Elliot Wave principle- Frost,Prechter
TA Study Guide- John Murphy
Mindful Trading-Howell

Videos

Profit from Candlesticks-Steve Nison
Elliot Waves-Prechter

Timing models- Freeburg
Swing Trading Tactics - Velez
Becoming a Disciplined Trader- KIEV
Discipline, Discipline, Discipline- Toghrarie
Sector Trading Strategies- Wagner
Intraday trading- Capra
Trading the moves- Downs
Swing trading Essentials- Markman
12 Simple TA indicators Larsen
Guerilla Trading- Tactics- Velez
Screening the markets-Gerstein
Core Trading Tactics- Velez
Guppy Moving averages- Guppy
Options 101 Trend Trading- Parnell
Trading Survival 101 Kezali

Winners: send me an e-mail with your selection-and a return address- i will try to get that in the mail within 1 week=

My E-mail:
[e-mail]'

Congratulations!

[blygh]

Thanks for your efforts and book/tape offers, SD. I would like to hear from Tiarra and Ira on their views on the use of stops and limits.  In the absence of a majority opposing stops/limits I think we should continue as we have.  

Next week ?? difficult decision - looks like energy and energy services has bottomed out and started turning higher.  I like MDR but at 7.14 I would have to take it at 8 to abide by the DG minimum rule.  July is usually a bad month as senior traders head out to the Hamptons for the summer  so I would be more comfortable going short.  Looking at downward trends.  I am going to short SNAP limit at 14 -  stop loss 19.  

Blygh  

[Spiderman]

Congrats Blygh,
I'll ride BLCM long this week.
Spiderman

[realdeal]

Congrats Blygh!

I'll go with YUMC (long)

-rd

[ira85]

Congrats blygh!

I'll ride MRCY long. -ira