Search results

Yesterday when I was writing the previous message, I had an eerie familair feeling -- I had felt this way before and as much as I can remember, what lies ahead is not going to be good. So what is it ? After a few minutes in the bed, I see. I was too complacent and I carried an oversized...

For almost two months from my last posting, I have been doing well, relative to my own past performance of course. NASDAQ went up 10% from 1900 to 2080, then came back down 10% right to where it was, and I have been making money up and down, day in day out, and it feels good. During this...

The rate is awesome for retail trader. I wonder if I can trade through the web page instead of their super software (Is it called Laser ?). Those kind of software will upset our company's network manager because the bandwitdh usage. For the retail investor Daily Average Trading Volume of...

Two days ago I bought 600 CNET on 600 on 9.15, set stop at 8.8. Today the same methodology bought 300 AFCI at 21.88, stop at 21.35. The sizing of a trade is such a deceiving issue, but actually it is a critical consideration. At first I find out my pain threshhold after many thousands...

I find myself constantly changing my trading process. Not really a good feeling. I imagine in the end it should be a well defined operating process, like running a copy machine, printing money one week after another. During the past few years my trading procedure had gone through many...

The unequal size of the position is my latest trading development, they are not calculated based on the total dollar amount as it used to be. They are now based on the potential loss given my decided stop-loss price. They are mostly between $200 to $300, which is my emotional threshhold. In...

CNET buy 600 at 9.15, stop 8.8, target 9.95 ACXM buy 400 at 20.1, stop 19.6, target 21.3 AG buy 500 at 19.21, stop 18.6, target 20 ASCL buy 300 at 20.6, stop 19.5, target 21.4

A number of my long alerts went off, I bought in and lost a few hundreds dollars from stop-loss. Really agitated me. They are good long setups. Solid support established by very strong volume days and weeks ago, but they don't stand. Thinking about it, if I had some short to balance it, it...

At the close of Friday my account long and short are evenly weighted. It pays out well today. But at the close today I have 4 longs, difficult to find anything to short. My operating procedure is in a mess now - different accounts require different strategy, different strategy has different...

Friday and Monday are always special. Friday is the day for short-term speculators, Monday morning is for the Average-Joe investors. NASDAQ has support at 1900, but now it is very oversold, so tomorrow I anticipate a minor down -0.5% to a so-so up day like <1%, in the afternoon there is going...

NASDAQ, I think, is going to 1900 ...

On Jan 27th, and Jan 28th, the first two days of this correction, one day my email was borken, the other day my PC was frozen and the brokerage site broke down. Big loss. Yes, I know, if I had prepared for the right setup and not so lazy to put in a die-hard stop-loss, things would be quite...

Momentum is back, but it is going to the down side. Last Friday I put on a few long positions, two are bouncing off support setup, one is pull-back after strong upward momentum. Now think back they are wrong pick for the time. Friday was a strange day, but the whole picture would be...

Say ABC has strong support at 7 established a few days ago, it comes down from 8, it is going toward 7, my alert goes off at 7.05, how do I trade it ? It could go to 7.03 and reverse to 7.23, a small local resistence, or it could go through 7 and reverse at 6.83, where my planed stop is at...

Tuesday's trading was a mess. It really hurts my feeling, if not so much about loss. I anticipated its coming, the fall down, I moved everything in 401(K) to cash on Monday. But Monday night something in the household costed me whole night, I was emotionally distracted and could not make any...

A couple of momentum breakdown trades did not work out for me today. I am trying to think if there is anything to learn from. One thing I can say is that the breakdown chart I picked is not strong enough, if previous day is heavily down and there is some feeling of scare in the air, it might...

Today is another day of frustration and struggle. I did anticipate the market move correct, which is hard to make a move up, but can go down as the feeble rally is getting tired, but there won't be downward momentum. I moved my 401(K) to cash and setup alert for two kinds of trade: One. low...

I am very satisfied with this aspect of the operation that I built. Every night I go through my pool of a few hundreds of charts and setup the price level to real-time alert. One day this operation is going to be like running a machine. A printing machine that prints money.:p I read from...

What I learned (relearned) in the last few weeks is: One, figure out the face of the market then to match the setup with the market face; Two, do the reward/risk number, a 2:1 ratio is a minimum. Any setup can give you better than 50% advantage, but really not high enough, 60% 70% typically...

I made money in every week of the four weeks of February, with each week a little bit more than previous one. I am happy that I regrouped myself after the shock in the last week in January when market changed face. Where is the market now ? the market is now at the stall of the bounce of the...