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  1. M

    Mike's active trading journal

    Its not going to be so bad afterall. I might buy back in depending on how it goes at the open. This is not a bearish pre-market chart. It looks like a bunch of stops got hit in the premarket (like mine). However, the triangles are telling me that someone is bidding it up. No...
  2. M

    Mike's active trading journal

    Stop hit. Sold half my position in premarket.
  3. M

    Mike's active trading journal

    Uh-oh. Looks like we got hit by an unexpected downgrade. Im going to look at how the pre-market treats the downgrade. The downgrade wasnt a "sell", but a neutral rating. Lets see what I can do with this.
  4. M

    Mike's active trading journal

    We are going to take this one day at a time, one hour at a time and our trading plan may change quite suddenly. If the stock gaps up, then we will deal with it then. Gaps typically retrace, but sometimes not immediately. Sometimes it takes weeks, months or years to retrace. What we...
  5. M

    Mike's active trading journal

    In a prior thread, I had mentioned I was going to use the bald guy as my research department. Now Cramer will be pumping "Green market" stocks all week long just like the rumors in the hedge fund mill were telling us. So the market is going much higher technically speaking, the solar...
  6. M

    Solf

    Its going to 20.
  7. M

    Mike's active trading journal

    Here is what I was looking at during the day. This particular chart can be broken down into triangles. You can see the price constantly busting through the upside of the triangles. Now if the price went through the bottom of those triangles at any particular time, then it would have been time...
  8. M

    Mike's active trading journal

    Here is the master Solf chart. I revised my price to 18.5. People are telling me that Cramer might feature the Solar plays on his show tonight. No more .OB stocks for me, at least not with IB. When I enter into a trade and place an order, I want an immediate fill. This was nightmarish...
  9. M

    Mike's active trading journal

    Just got back home from work. Im still in the SOLF trade. Here is the blotter. Im going to take a look at the chart and I'll let you know in a minute where it will go.
  10. M

    Mike's active trading journal

    Just received a call from this chick Im going out with who works for a hedge fund up in Stamford, CT. It looks like something big is going to happen with SOLF. We think its going to appear on Mad Money tonight.
  11. M

    Solf

    Its going to 18.
  12. M

    Solf

    I suspect it will go to 18.
  13. M

    Virginia Tech Shootings ..Terrorists ???

    Come on moderator. This is another useless post in the trading section. Why do we need to use the "trading" section of this site to post up random bits? I know why, because its the forum thats at the top of the page and if we placed this post in the "chit-chat" section then no one will read it.
  14. M

    Mike's active trading journal

    This formation, if it works out, will place the price target around 16.5.
  15. M

    Solf

    http://www.elitetrader.com/vb/attachment.php?s=&postid=1436112 Hope you got into SOLF. I have 12000 shares at 14.32 as my basis. This volume and pop has surprised me. Thought I was going to have to wait a week or so before it hit 16. If it goes through 16 with volume, then I say we...
  16. M

    Mike's active trading journal

    Sometimes I just sit here for hours until I must do work at my job studying the price movement. This is an interesting intraday price movement. Its self-explanatory. We will finish the day most likely up near 15.8. Im expecting on Tuesday we will be at over 16. 75% of the time these...
  17. M

    Mike's active trading journal

    Here is another trade that I am involved in using another account. Just thought I might throw it up because this has always been a very reliable pattern for myself. When I see this pattern then I know I have a winner.
  18. M

    Gotta love ZERO RISK in the Russell 2000=$$$$

    The correction is done, I said this two weeks ago, posted the chart. Now kick back and watch that RUT go to 920. I made the call and now it shall be done.
  19. M

    Mike's active trading journal

    This chart demonstrates my logic behind the SOLF trade. You can see the different price channels in the chart and the reverse h/s pattern. Its going to take a lot to get past the 16 barrier.
  20. M

    Mike's active trading journal

    This isnt going to be a fancy journal. Just going to post up a few blotters for my own reference. I wont be posting to this journal everyday, maybe once a week. I have a few other accounts through different brokers that I utilize other strategies. Once I build up this account to a...
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