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.
Thursday, February 28, 2008
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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