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    Grinding it out, day after day

    Lescor- I am sure today was another huge day with all of the volatility.... keep us posted.
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    You have to respect Don Miller, he's no poser

    how much did he lose?
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    Swing Trading with Mike

    Interesting- dont think it really matters at end of day.
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    Swing Trading with Mike

    shorted iyr, rcl. Didnt take csx because of gap down. Still keeping my eye out for shorts on list if they take out previous days low. no long setups.
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    Swing Trading with Mike

    Here are some more shorts I will be adding to the list.. again looking for todays low to be broken in order for me to enter. Shorts: aapl, csx, rcl Still no long setups.
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    Swing Trading with Mike

    No entries today because lows were not taken out in AM. For tomorrow I am looking at the same stocks from yesterday and want to see todays low broken prior to entry.
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    Swing Trading with Mike

    short setups: gs, eog, aci, cat, amp, iyr i will look to short them once they break previous days low tomorrow morning. no longs.
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    Swing Trading with Mike

    I filter all stocks over $5 and atleast 2mil avg daily volume. I also trade options sometimes ( mostly buy puts). My account size is $22k right now.. and i typically enter between $5-10k position.. depending on market environment and correlation of stocks. I use tc2000 and IB as broker.
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    Swing Trading with Mike

    Hey All, I want to start this new swing trading journal. I have been playing around with many swing trading strategies over the years and have come up with a method that I have been comfortable executing. Here is how it goes: I look at the 10ema, 20sma, 50sma, 200sma on a chart. I look...
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    12-18 Month Turnaround Plays - Circuit City. AMD, Yellow Roadway

    CC has very little debt.. tons of cash. They are not going bankrupt anytime soon. They just need to find a way to stop losing money and make a few bucks. Fyi, they are also paying a dividend.
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    12-18 Month Turnaround Plays - Circuit City. AMD, Yellow Roadway

    I'll add.. CHS, NWY, JAS as some more retail turnaround plays. All have good balance sheets, make money are priced for bankruptcy. RAD is also a great play... excellent US brand name... very stable biz and tremendous revenue.. over $20bil. Only downside is that they have debt, but I think...
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    Circuit City Getting Crushed Today

    My Fav. turnaround play is AMD.. i think it will make a huge comeback in 2009. They will figure out a way to make ati work with their cpus.. and will be a huge success. I am a big believer of cpu + gpu combo chip.
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    Circuit City Getting Crushed Today

    RAD is another good example, but they have huge debt. Atleast they have new mgmt and much more stable biz. CC & RAD are good 2-5 year turn around plays. Both will not be going bk.. and they have well known US company brand names.
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    Circuit City Getting Crushed Today

    Wall st. has no faith in current ceo and mgmt team. They need a cost cutter ceo to revamp the biz model. Its all doable and has been done before.. but this Phil guy has a terrible track record thus far.
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    Circuit City Getting Crushed Today

    They need new mgmt, close all nonperforming stores... and incentives for employees... stock will be back to $20.. if this happens. Company does over $10bil in sales a year.. there must be a way for them stop losing money. They have a ton of cash on very little debt. New mgmt team will figure...
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    Swing Trading Journal by Point Hunter

    I got executed on a few trades.. will update soon. I want to add CFC to the buy list above 9.27
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    Swing Trading Journal by Point Hunter

    I adjust the trigger list every day.. based on the daily price action. Sometimes I remove stocks from the list after one day... and sometimes i leave them on the list for 7+ days. Many of them never get triggered.. usually in a directional market I tend to get a lot of triggers. Remember I...
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    Swing Trading Journal by Point Hunter

    Here are the updated setups: LONGS: CLB - buy above 126 SYNA- buy above 41.75. Not my typical setup but it might bounce off the 200ma. Looking for a quick 3-5% profit gain. TGIC- buy above 10.61 HOS- buy above 47.35 MDR- buy above 60.61 CXO- buy above 21.50 ECA- buy above...
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    Swing Trading Journal by Point Hunter

    Thanks for the insight. Lets see how well this method really does. I am trading live money and will post my performance daily.
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