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I realize I lost my discipline on this one. It was a mistake and I learned from it, Luckily that mistake didn't cost much more than a winning streak. I'll no longer play news announcements as they are an easy way of getting hurt - did it on both INTC and GM on friday, preferably I will try to...

Everyone quick with negativity. Here is a scenario you might want to follow. * Keep a job save another $1,000 so you can open a margin account (most brokers require 2k) * $2,000 with 2:1 margin means he is trading with $4,000 * Buy 100 share lots of <40 dollar stocks (DELL, HD, AAPL...

Ok, I don't know whats going on today. I sold Intel at 27.07, took a loss of 2%. That ate away at most of my profits since starting. Again my problem was not taking the loss earlier, when it opened below its close of yesterday I should have sold. To make matters worse: Seeing that GM...

Intel is up to 27.70 at the close today. They reported better than expected earnings after the close and raised guidance for the quarter. Should be interesting to see the play tomorrow after the news. This stock should be at 30 by mid-July. Hopefully tomorrow it gets over 28 though and I...

Still Holding Intel, I might be holding this one all week. They have a mid-quarter earnings report coming out thursday that is supposed to do well. My next post might not be until friday in that case. It closed today at 27.17. See you then.

I actually cancelled my stop loss order right after I made my last post on friday. I am still riding intel because of the strong news they had on friday. Again, I purchased 385 units at 27.62. We'll see what tomorrow brings me. Goodnight.

Bought intel (INTC) for $27.62 this morning early on. Pivot point today was 27.59 and it opened at 27.65 so its bias would be to stay above today. As it stands right now it is trading at 27.50, I really think this stock could have shot up to 28 today had it not been for the jobs report...

No trades placed today. Once again this week, the market opened to my distaste. Oddly enough the dow finished up slightly positive after a bad morning. Hopefully tomorrow we'll have a good open. I am also thinking of dropping some stocks from my selection and replacing them with a few...

Bought alcoa today at 9:33 am for $27.14. Sold at 10:06 am for $27.48. 1.25% gain from my purchase price and above my expected goal of 1%. I sold at 27.48 because resistance 1 was 27.45 and I didn't think it would have the momentum to continue. It did though and shot all the way up to...

No trades placed today as all my stocks opened up below their pivot points and most continued that way throughout the day. Hopefully tomorrow we'll see some upswing. The Dow finished(75.07).

Rang the register on Intel at 10:33 am today for $27.35. That was a gain of 1.82% from my purchase price of $26.86. So I exceeded my 1% goal. What happened: Opened up today at 27.10 with the dow taking early gains. It continued to move in the right direction until around 10:20 when it was...

Thanks ES, I like a PP spread of .05 or less. But there are some good picks that will be higher, so I look at everything. High/low range should be more than 1.2% but not more than 3%. This would give me the assumption that I can get my 1% goal without having to pick a top or a bottom...

I don't have a chart, I will attach the spreadsheet I use to analyze my strategy and pick my selections though (you will need excel to open it). It lists a few of the DJIA components and their pivot point data. If you wanted to, you can plot these points on a chart, I don't think it is...

Holding Intel overnight, it closed today at $27.04, up $.18 from my purchase price. See you tomorrow

Today's Pick: INTC: PC: 26.84 PP: 26.69 Why: It had a great range yesterday and has been breaking price barriers for the last three weeks (25,26) and I believe it will break through 27 as well. Bought at 9:33 am for 26.86. As I write this it is at 26.95. I have a target of...

No trades placed today at the open. Seems that investors are worried about what the Fed will do today and the markets opened up bearish. Since I only buy long and my three picks for today opened below their pivot point, there will be no trades today. Better to take the day off than to get...

Here is my first mistake - small but nonetheless. A bunch of guys at the office use Scottrade and said nothing but nice things about it as a trading platform and broker. I thought my choices were scottrade, ameritrade, e*trade, shwabb, or TD waterhouse. I had no idea there were other non...

Thanks for the kind words for my colleagues and I. We get a bad rap sometimes. I think its great that you were able to learn so quickly, and be successful. I just don't feel confident in my ability to learn as quick as you did. It is definately on the backburner though. Thanks

Thanks, I thought it was a good name too. It's true an accountant has no better chance in the market than anyone else, and I never said it was an advantage, just simply stated my profession. As for trading currencies - I know nothing about it, so why trade it? It took me 8 years of...

Great questions, here's some answers: 1.) I narrow my selection of 30 by calculating pivot points and I look for 5-10 of the stocks with the lowest spread between pivot point and previous close. $.05 is more the range I prefer. So if a stock closes at $30, I would look for its next day...