I did actually plan to watch one of hototc.com's penny stock picks, CVSC. They hyped it up nicely and it made a relatively humble 7% gain...
In looking at my transactions for 2008, my biggest winners (by LARGE) were HotOTC.com's newsletter picks. Supposed risk aside, this would seem like the best way to trade. Hell, at one point I was up 35%... in January! I made $164 the other day in about 3 minutes. Almost too easy. No doubt, much discretion is required but if I keep doing it the way I have been, the stupid newsletter's picks my counter my losses that I've run on my own judgement in this crap market.
Wednesday, March 5, 2008
Tuesday, March 4, 2008
Crappy morning.
Woke up hungover at 7:45. Went to see NOFX last night.
Got up and started researching which was completely fruitless. I was still 90 long in ABX this morning so I watched it putter around as usual until the dow dropped with pretty strong conviction. ABX was actually rallying towards that resistance level of 54.00 but I had a feeling it would need some market umph to push it past. Didn't happen.
So I just sat around and traded the S&P 500 emini futures on my Global Forex Trading demo account. I have about 10 more days of that (started with $5k and working my way back to even... slowly.) Well as I did that, ABX continued to chop around eventually stopping me out at 51.40. I'm actually somewhat relieved to be out. I saw many trading sites talking about the profit-taking in the mining and precious metal industries right now today. Therefore, my feelings weren't hurt too bad; the ol' ego was a little bruised though.
Well, since I have to abide by the NASD's unconstitutional Pattern Day Trader rule, I only have one more daytrade for the next 5 days... hell, that rule is supposed to protect you; consider that holding over night is really the only way to get around it. Does that sound too enticing to any short-term traders in this market right now??
Enough with this for today... I need to find some fingernail clippers.
Got up and started researching which was completely fruitless. I was still 90 long in ABX this morning so I watched it putter around as usual until the dow dropped with pretty strong conviction. ABX was actually rallying towards that resistance level of 54.00 but I had a feeling it would need some market umph to push it past. Didn't happen.
So I just sat around and traded the S&P 500 emini futures on my Global Forex Trading demo account. I have about 10 more days of that (started with $5k and working my way back to even... slowly.) Well as I did that, ABX continued to chop around eventually stopping me out at 51.40. I'm actually somewhat relieved to be out. I saw many trading sites talking about the profit-taking in the mining and precious metal industries right now today. Therefore, my feelings weren't hurt too bad; the ol' ego was a little bruised though.
Well, since I have to abide by the NASD's unconstitutional Pattern Day Trader rule, I only have one more daytrade for the next 5 days... hell, that rule is supposed to protect you; consider that holding over night is really the only way to get around it. Does that sound too enticing to any short-term traders in this market right now??
Enough with this for today... I need to find some fingernail clippers.
Monday, March 3, 2008
03/03/08
Well, work got called off today due to weather (while I was about 40 minutes into my commute, conveniently) so I came home, looked over some stocks I've been watching and played the market.
The stocks I was looking at were all pretty much long positions and consisted of:
ABX - testing a 52-week high from 3 months ago. Also, its a gold mining stock.
ATRO - a long time prospect, recently suffered extreme market punishment.
CPRT - a Fool pick, broke out of a sym. triangle and I missed out. Oh well.
BDGW - HotOTC.com pick. Eh.
CTRP - Also testing a high with a possibly profitable impending rally.
At the bell, I purchased 2000 shares of BDGW @ 1.02. It really ended up doing nothing (even at the moment) and I got out flat (minus commission) to pursue other oppurtunities. Liquidity was also a problem and had to get out in two sales, the second being only 12 shares.
After exiting my pink sheet trade for the day, I entered another hototc.com pick RVGD which I hadn't intended to early on. It was trading on very large volume and I entered at 400k shares @ .005 so as not to disturb the bid/ask (which was at 500k) too much. It was bouncing between .005 and .0055 and at $200, top to bottom, I reaped the rewards of the last bounce in that channel. Whew...
Lastly, I accidentally set a limit order at 54.01 for ABX hoping to hop on the breakout when I meant to set a stop order thus getting me in at 53.81, prematurely. Oh well. This is a pretty strong stock right now, intermediatelly speaking, so I'm opting to stay in with a 3% stop loss set for posterity. I'll stay in this position at least for the next 6 days but possibly for longer. We'll see where this goes. Volume isn't excellent right now but its enough. This stock has a good chart for sure. It has been forming a symetrical intraday triangle since the open although the volume trend is somewhat alarming.
All of this mess put me up and extra .2% on my rolling p/l% to +13.7%.
Right now, i'm getting ready to start a log of running historical profit on hototc.com OTC picks. Results will probably get posted tomorrow.
Time to record for now...
The stocks I was looking at were all pretty much long positions and consisted of:
ABX - testing a 52-week high from 3 months ago. Also, its a gold mining stock.
ATRO - a long time prospect, recently suffered extreme market punishment.
CPRT - a Fool pick, broke out of a sym. triangle and I missed out. Oh well.
BDGW - HotOTC.com pick. Eh.
CTRP - Also testing a high with a possibly profitable impending rally.
At the bell, I purchased 2000 shares of BDGW @ 1.02. It really ended up doing nothing (even at the moment) and I got out flat (minus commission) to pursue other oppurtunities. Liquidity was also a problem and had to get out in two sales, the second being only 12 shares.
After exiting my pink sheet trade for the day, I entered another hototc.com pick RVGD which I hadn't intended to early on. It was trading on very large volume and I entered at 400k shares @ .005 so as not to disturb the bid/ask (which was at 500k) too much. It was bouncing between .005 and .0055 and at $200, top to bottom, I reaped the rewards of the last bounce in that channel. Whew...
Lastly, I accidentally set a limit order at 54.01 for ABX hoping to hop on the breakout when I meant to set a stop order thus getting me in at 53.81, prematurely. Oh well. This is a pretty strong stock right now, intermediatelly speaking, so I'm opting to stay in with a 3% stop loss set for posterity. I'll stay in this position at least for the next 6 days but possibly for longer. We'll see where this goes. Volume isn't excellent right now but its enough. This stock has a good chart for sure. It has been forming a symetrical intraday triangle since the open although the volume trend is somewhat alarming.
All of this mess put me up and extra .2% on my rolling p/l% to +13.7%.
Right now, i'm getting ready to start a log of running historical profit on hototc.com OTC picks. Results will probably get posted tomorrow.
Time to record for now...
Thursday, February 28, 2008
Bleh...
Nothing much to write about today so i'll keep it "lite." The stock market was being its usual bitchy volatile self which really didn't matter to me because i'm flat right now. I'm becoming more and more inclined to watch and not trade unless circumstances are really how I want them. This basically means I can watch streaming charts and be able to execute orders at the click of a mouse button.
I did however see a nice $1.60 gain on HAL today in my Wall Street Survivor fantasy account. I have 700 shares which have earned me about $3960 since the time of purchase.
I observed the HotOTC.com "big" pick, UITK, today. Interestingly, it fell 22.2% today which, although one couldn't blame anyone but himself for buying it, he could be shocked at the divergence from the normal historical "pumpage." Glad I didn't get into that one. I will be watching WITM which has a volume alert.
Thats about all, y'all.
I did however see a nice $1.60 gain on HAL today in my Wall Street Survivor fantasy account. I have 700 shares which have earned me about $3960 since the time of purchase.
I observed the HotOTC.com "big" pick, UITK, today. Interestingly, it fell 22.2% today which, although one couldn't blame anyone but himself for buying it, he could be shocked at the divergence from the normal historical "pumpage." Glad I didn't get into that one. I will be watching WITM which has a volume alert.
Thats about all, y'all.
Wednesday, February 27, 2008
Calculated P/L% as of 2/26
As of last nights calculations, I'm currently standing at +13.55% so far this year. I made a couple of pretty pea-brained trades in January but February was a better month. I did manage to bring in +32.7% on one trade that I only held for a few minutes and that helped, despite a tad of slippage. Then the week after, I shorted AMD at the bell for a comparatively modest 1.6% gain.
I've been waiting for the indices to confirm direction of this recent triangle breakout before I make any trades from work where I can't access my streaming charts and fast internet. I'm most inclined to start short positions considering general market sentiment and the multiple causes of it. Plus, the market seems to be torturing stocks for the smallest things right now so it seems that the rewards are better right now on this side. This is all despite the indices recent breakout of the triangle pattern at hand.
I've been watching the HotOTC.com newsletters recently and noting the correlations between the picks and the next days performance. "Big picks" that require enough research to warrant an "I'll tell you tomorrow. Be ready." in a seperate email even seem to incite larger movement than members of the three general picks. Despite the obvious illegitamacy of their endeavors, stuffy herd opinion, illiquidity of their picks, dire fundamental circumstances, etc.; there is fairly good, predictable money to be made using these services; mostly due to the immense share-buying power of ignorant get-rich-quick'ers. Of course, thats just my opinion a hora. I won't bore you with the details of how I've done it yet but "maybe i'll tell you tomorrow. Be ready."
Still funneling lots of trading and investment education media into my head via blogs, podcasts, books, futures demo accounts and newsletters daily. Probably a strange amount to the average 23 year old. Oh well, the payoff shall prevail.
Well, I guess this is long enough by now. "Maybe tomorrow." (okay okay, maybe overplayed now.)
I've been waiting for the indices to confirm direction of this recent triangle breakout before I make any trades from work where I can't access my streaming charts and fast internet. I'm most inclined to start short positions considering general market sentiment and the multiple causes of it. Plus, the market seems to be torturing stocks for the smallest things right now so it seems that the rewards are better right now on this side. This is all despite the indices recent breakout of the triangle pattern at hand.
I've been watching the HotOTC.com newsletters recently and noting the correlations between the picks and the next days performance. "Big picks" that require enough research to warrant an "I'll tell you tomorrow. Be ready." in a seperate email even seem to incite larger movement than members of the three general picks. Despite the obvious illegitamacy of their endeavors, stuffy herd opinion, illiquidity of their picks, dire fundamental circumstances, etc.; there is fairly good, predictable money to be made using these services; mostly due to the immense share-buying power of ignorant get-rich-quick'ers. Of course, thats just my opinion a hora. I won't bore you with the details of how I've done it yet but "maybe i'll tell you tomorrow. Be ready."
Still funneling lots of trading and investment education media into my head via blogs, podcasts, books, futures demo accounts and newsletters daily. Probably a strange amount to the average 23 year old. Oh well, the payoff shall prevail.
Well, I guess this is long enough by now. "Maybe tomorrow." (okay okay, maybe overplayed now.)
Monday, February 11, 2008
Randomismo
This is a picture of Ray's .44 magnum Desert Eagle. Ray's wife bought him a shoulder holster for it for his birthday. Unfortunately, it was a right-handed shoulder strap and Ray is left-handed. Fortunately, to fire a Desert Eagle, it is recommended to be bracing the pistol with both hands due to its massive recoil. Ray was a sniper in the Army until 1965. During war time, he shot and killed more than 300 people according to him. He says he hopes God will forgive him for it someday.
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