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    Mike's Swing Trading Journal

    occasionally.. I swing trade the emini futures.. but I almost always play the short side on them. If i am fully long and I think the market might crack.. I almost always short a few emini contracts as a hedge. I never felt comfortable going heavily short stocks because stocks behave much...
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    Mike's Swing Trading Journal

    Thanks.
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    Mike's Swing Trading Journal

    First of all.. how do u rate your stocks fundementally? What do u use to analyze their fundies? I simply use IBD and stocktables. The tecnicals are more important to me though. Basically i try to enter on the breakout day.. where the volume is greater than avg and the stock is trading near...
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    Mike's Swing Trading Journal

    Right now.. I have 2 open positions. Long STTS & GKIS. I am long 1000 stts from 6.85 and 300 GKIS from 16. Stts is forming a nice base and did break out a few weeks ago.. it has strong volume accumulation signs on the daily chart... and has been holding relatively well as the nasdaq broke new...
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    Mike's Swing Trading Journal

    I have been swing trading for over 5 years and have been pretty consistent with my results. I am right about 60% of the time.. and I make 1.5x more on a winner than on a loser. I am very quick taking losses and have absolutely no regrets closing out my losing positions. Throughout the years I...
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    Mike's Swing Trading Journal

    I also have a subscrition with IBD and Stocktables and look at the rankings of stocks.. if a stock is breaking out on huge volume and it comes up on my alerts I almost always take on a bigger position than normal if the stock has strong IBD ratings and the market tone is positive. I think it...
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    Mike's Swing Trading Journal

    Hey guys. I have been a member of ET for a few years and decided to start a swing trading journal. I will be posting all my swing trades on daily basis.. I will try to be as realtime as possible. My methods are simple. I trade pullbacks and breakouts. ALways trade stocks above the 50day MA...
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    GoodPunk6's Trading Journal

    Goodpunk, I got to compliment you for your determination and your will. If it was me I would of burnt out on month number 2. Realize that all the time you spent trading will not make you more valuable to the real job market nor to any employer. Its more of time spent for your own personal...
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    Trading Markets- $7500

    Looks like they take stocks that gap down and use some type of buystop order off some type of volatility parameter as entry. I think they use the open + something like .25 ( depending on stock volaility) as entry.
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    Trading Markets- $7500

    Check out this new toy from trading markets.. they call it the Alvarez Factor... http://www.tradingmarkets.com/galleria.site/courses/main/?full=1&id=6275&fwww=1 Only for $7500.
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    GoodPunk6's Trading Journal

    The boss will still make more $ if he trades more shares per order... via rebates, partial fills, and by him having to scale different orders more often... Please understand the truth as to how these prop shops work. So i am not so stupid after all.. lol
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    GoodPunk6's Trading Journal

    To increase commisions paid to the boss.
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    GoodPunk6's Trading Journal

    Soon u will realize that trading LU and INTC have nothing to do with eachother.
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    housing crash

    http://story.news.yahoo.com/news?tmpl=story&cid=2026&e=5&u=/latimests/puttingstockinproperty Read that article. I cant imagine a more defined speculative bubble about to burst.. anyone thinking real estate is not a bubble that will end badly is just detached from reality. I live in NYC.. lets...
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    GoodPunk6's Trading Journal

    What I dont understand is how one can trade stocks that have 3 cent ranges, then think that it is remotely similar to trading stocks that have normal ranges. Trading LU, NT vs. IBM, MWD, CAT, KLAC, etc.. is night and day. What u learn from one has nothing to do with the other. Its like...
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    GoodPunk6's Trading Journal

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    GoodPunk6's Trading Journal

    Here is my advice.. for what its worth.... The odds are against u making any money and more than likely u will churn yourself out.. simply because u are churning way too much and spending a lot in commisions. If you still wanna daytrade then u need to trade the high priced stocks and trade...
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    Spydertrader's Jack Hershey Equities Journal

    There has been statistical work done to show that classic TA patterns.. like flags, h&s, pennants, triangles.. confirmed with high volume breakout do have a better edge. One book that comes to mind is Encyclopedia of Chart Patterns.. by Bulkowski. ( however u spell it:)
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    Spydertrader's Jack Hershey Equities Journal

    WHat I would really like to see is some hard statistical proof showing how volume can be used to forecast day to day price swings. With the advent of modern computing power almost everything in trading can be backtested and proven.. I mean we dont need the whole Hershey strategy backtested...
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    Spydertrader's Jack Hershey Equities Journal

    Yes I agree that I dont understant the strategy no where near as well as u do. But i just dont think volume analysis can be used to forecast day to day price movement.
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