ig0r Swing Experiment

Quote from agpilot:

igOr
Well I just had to try a method somewhat like this in my account at Folio dot com. They allow 500 free "Window" trades a month so I am trying to select stocks on intraday charts (15and30 Minute) that I think will keep rising for another couple days. I've been picking 10 stocks at a time rather than just one like you. I did this because I can't put on any stop-loss orders and there are only two times per day that I can sell if one stock starts tanking. This change will reduce my overall gain but that's the only way I'd adopt your method for the restrictive Folio account. This test will expose my short term stock-picking ability for sure.... I'd enjoy reading any any extra comments on your final reasons for each pick if it's quick and easy for you to do in the future?
Thanks for keep this journal updated.. and good luck.
agpilot
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sure, it's usually based a lot on gut feel (I scan through a multitude of charts and get a "feeling" about certain ones). This most likely comes from experience and the amount of charts I have looked at, about 20-30 a day, for about a year. I'll try to nail down to specific aspects that appeal to me.
 
Quote from Hamb-ltrd:

Where do you look and how you select the stocks that you are watching?

I am comsidering doing the same thing in a small scale but I need to find a way to scan/find potential candidates.

Regards

Hamb
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I use stockfetcher.com and a few very simple filters to give me a good list every day
 
Quote from babe714:

How about SMTX for a play on Monday?
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Not a *perfect* setup, but good enough for me, nice volatility. You should have been able to take 2% if you played it yesterday, good picking.
 
Filled SVVS on friday at 2.4, still liked my position at the end of the day so kept it overnight. Monday I didn't like the action to decided to exit at the closing price (2.16) on tuesday. Didn't get it and ended up having to sell at 2.05, taking a sizeable loss. It's all part of the game, what can I say, have to ignore the monetary losses and concentrate on continuing to trade in a disciplined manner. New pick tomorrow :)

2/24/04
Current Equity: $2,883.71
Starting Equity: $2,500.00 (1/1/04)
Current Return: 15.35%
13 Winners/4 Losers

Past Trades
IONA 6.59% 1/2/04
GMAI 2.07% 1/5/04
SITI -4.24% 1/6/04
ARTX 2.22% 1/9/04
PHMD 2.45% 1/13/04
HEC 8.82% 1/21/04
CAU 2.04% 1/27/04
TWAV 2.08% 1/29/04
RTK 2.80% 1/30/04
DROOY 2.09% 2/4/04
CRIO 2.35% 2/5/04
GASE 2.48% 2/9/04
XEDA -1.60% 2/10/04
FMDAY 6.25% 2/12/04
CORV -6.16% 2/19/04
WBR 2.78% 2/19/04
SVVS -14.58% 2/24/04
 
Seems like you should have made the 2% friday on SVVS. I was watching it and it opened at 2.40 then quickly ticked up to 2.47. Maybe you did'nt get your sell limit in quick enough , assuming my quotes were correct .
 
Quote from babe714:

Seems like you should have made the 2% friday on SVVS. I was watching it and it opened at 2.40 then quickly ticked up to 2.47. Maybe you did'nt get your sell limit in quick enough , assuming my quotes were correct .
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yes, sad eh? Got my order in a few minutes after that.
 
Quote from Option_Attack:

I got nailed by SVVS too. Not much bounce on that one - it just hit and stuck like sh*t thrown against a wall! :mad:

Can't win 'em all :cool:
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haha, yep, it happens, gotta move on
 
CMGI is play tomorrow. I like the hammer, stairstep increasing volume, and test of 50/75 SMA.

BUY 1237 shares of CMGI, CMGI, Inc.
at LIMIT of 2.33
 
Quote from ig0r:

CMGI is play tomorrow. I like the hammer, stairstep increasing volume, and test of 50/75 SMA.

BUY 1237 shares of CMGI, CMGI, Inc.
at LIMIT of 2.33
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No fill there, tomorrow I try STEM. Increasing volume/range last 3 days and long lower wick today. Lim will be 1.91 (after hour action last price)
 
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