Recent content by xtraderx

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    What could be a catalyst for a 20-30% rally?

    As I recall sitting in front of my trading screen at the time it was the Iraq War ... in particular the day they tore down the Saddam statute ... and I also think it was the perp walks and arrests of Skilling and company and other CEO's ... typiclly the perp walks and crucifixion of ceo's...
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    A Very Profitable Methodology

    I certainly don't "play" the earnings and yes generally avoid them: as you experienced they are too volatile. Of course it all depends on how the stock is acting and at minimum I usually lighten up ahead of the report. For instance TALX is acting well, I already took some profits and may...
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    A Very Profitable Methodology

    I dont use anything sophisticated, at least not yet, just freebies on the web. I dont care to back test either as I dont know how I would do it with the data I use... I am sure there is a way but it would be so time consuming and intensive I would rather focus my time and resources on whats...
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    A Very Profitable Methodology

    took profits in TALX today ahead of their earnings... I dont really like holding through an announcment but liked the price action so I held half of my overall position, will see what tomorrow brings.
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    A Very Profitable Methodology

    Initiated a screen today, the following stocks made the first cut. My screens turned up an initial universe of 82 names, larger than the last screen but still a little smaller than average. Saw some of the same names but there are more new ones this time around. I have to double check all...
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    A Very Profitable Methodology

    I am looking forward to my next screen, I will probably complete on the 16th, MLK day with the extra time and all. I am eager to see what insights into the current market the results reveal. Stay tuned...
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    A Very Profitable Methodology

    Closed out my RTSX position today at 32.89 for a -3.6% loss on the overall position. My saving grace was that it was a small position. In retrospect I should not have messed with it after the dilution and got aggressive with my entry, I think it may pull back in the 20's now. Oh well...
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    A Very Profitable Methodology

    Gotta love it when three of your four postions are making new 52 highs. took some profits in TALX, but only a small lot at 52.89, for about a 19% gain. glad i held onto HANS as it just ripped new 52 highs, what a freight train! if you read my log i almost sold off all of my position but...
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    A Very Profitable Methodology

    Right now I am just using freebies: MSN, YAHOO, and company websites, etc...
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    A Very Profitable Methodology

    Still watching RTSX closely, I dont like it acting weak when the broader market is up but I am noticing some buying interest in teh 32-34ish range so I am hanging around to see if the buyers can support this and ultimately push it up... I am very pleased with my other pos. HANS, ARD, TALX
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    A Very Profitable Methodology

    picked up another small lot of RTSX this morning at 34 even... I dont like it trading down on an up day but will see what tomorrow brings.
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    A Very Profitable Methodology

    %allocation, although i definitley monitor risk very closely but not as mechanical because i scale in and out and do not like setting ratio targets either because i let winners run as much as possible to squeeze out as much gain. (i.e. i am not going to set an arbitrary proce traget based upon...
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    A Very Profitable Methodology

    got filled on a bid today on TALX at 45.32 to add to my position but I am keeping a close eye on it... 45 level appears to be a key battleground.
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    A Very Profitable Methodology

    Looks like Santa stiffed us up this year but it was a nice ride up to here so no complaints… while Santa was busy hitting the egg nog and standing us up I was busy taking profits and tightening stops... The past week I have taken a lot of profits and lightened up a lot. ARD-Sold lots on...
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    A Very Profitable Methodology

    Glad I added to ARD on Tuesday, it had a nice day yesterday and back up again this morning... right now I am holding tight, keeping an eye on the shop and waiting to see if santa brings any rally of sorts... if so i will take profits into any strength at year end/january...
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